Cash Back Options

available for live-in and investment

with red-hot rates!

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    Leave your details and one of our Personal Finance Managers will contact you within one business day.

    THE HOME OF AUSTRALIA’S CHEAPEST HOME LOAN

    Welcome to Reduce Home Loans. Awarded Australia’s Cheapest Home Loan by Money magazine 2016, 2017, 2018, 2019, 2020, 2021, and 2024

    Reduce Home Loans
    4.4
    Based on 631 reviews
    powered by Google
    Darryl MurphyDarryl Murphy
    00:43 04 May 24
    Got a great rate and the team worked hard to get the job done. Kept us up to date the whole way through the process.
    We were so impressed with Ben Ithell, he is knowledgeable, patient and worked really hard getting us an amazing deal that 8 other brokers I called said they couldn’t even touch due to our unusual circumstances. Please give Ben a call and have a chat he is very honest and will tell you straight up if he thinks he can help. Highly recommend him!
    Sahn MillsSahn Mills
    00:47 17 Apr 24
    sara yuansara yuan
    03:52 18 Mar 24
    Working with Ben Ithell and his team was a great experience. The team was very knowledgeable and patient with my questions. They were always on time and reply my emails quickly.Excellent…I would give them my highest recommendation!
    Mark JohnstonMark Johnston
    01:37 06 Feb 24
    Ben Ithell was fantastic, laid all my options out for me. Got me good deal especially considering the unusual circumstances I was in. He kept me up to date, communicated well and was always available to help as I needed it.
    craig kimptoncraig kimpton
    10:02 18 Jan 24
    Professional staff that keep you well informed throughout the process, and provide great savings with lower rates.Ben Ithell was a pleasure to consult with, diligent and extremely professional throughout. Thanks Ben.
    vineet sagarvineet sagar
    08:06 16 Jan 24
    Vaughan Enright was great to deal with. Not only he is well versed with all the home loan technicalities, he also has soft skills to deal with not so knowledgeable people like myself. Communication was outstanding with emails/calls immediately being answered.
    Angie ChuAngie Chu
    11:16 09 Jan 24
    Thank you Reduce Home Loans! If we could give more than five stars, we would. Especially to Ben Ithell whose professionalism and help throughout the entire process was second to none. He is genuinely attentive, caring and a patient customer service/finance manager! We would certainly recommend him to anyone!
    Havea ValaHavea Vala
    16:41 08 Jan 24
    Jonathan DoddJonathan Dodd
    06:47 02 Jan 24
    Amazing experience, I cannot recommend this company or Kurt more. He found a path forward when multiple brokers (at other companies) could not make it work. Kurt does not mess around and I wholeheartedly recommend him if you need to get a loan.
    Alex JenkinsAlex Jenkins
    03:46 21 Dec 23
    I used Kurt Trendle from Reduce Home Loans when completing my refinance. I found him to be extremely helpful, patient and found the right loan for me. I found the whole process to be extremely easy with Kurt. Thanks again!
    Patrick SimonettiPatrick Simonetti
    13:25 22 Nov 23
    Kurt was excellent to deal with. Great customer service, very helpful and experienced. One of the best rates on the market.
    Kate EverettKate Everett
    08:27 08 Nov 23
    Exceptional customer service provided by Nick Freney in assisting us to navigate three separate loans. Wouldn’t hesitate in strongly recommending him to other prospect customers.
    Patrick DawsonPatrick Dawson
    05:55 30 Oct 23
    Just settled on my refinance with Vaughan at Reduce Home Loans. He made the process super easy and efficient. Was also great to be informed regularly throughout the entire process to put my mind at ease.Thanks 👍
    Rina WRina W
    23:27 28 Sep 23
    We have been with Reduce Home Loans since 2015 and they've consistently secured the best rates and account features for us. This month we refinanced to a very competitive rate thanks to our Personal Finance Manager Connor.Connor provided us with helpful guidance and thoroughly answered all our questions. Everything was completed promptly and he was so responsive with our queries. The application process has also become much more streamlined and user friendly over the years.Thanks to Connor (and previously Rhyse) at Reduce Home Loans, we've been able to achieve our dream of having a home for our family. We highly recommend them for their personalised, exceptional service and expertise, as well as their broad product offering. Thanks again!
    Dev GovekarDev Govekar
    23:10 24 Sep 23
    I have used Reduce Home Loans recently. I have dealt with Vaughan from Reduce Home Loans. I find Vaughan very helpful and easy to approach. I think they have great knowledge and great interest rates options and cash back offers. I will recommend to seek their advice for new home loans. Thanks, Dev
    Hin LHin L
    06:42 07 Sep 23
    Zachary has been fantastic through out the whole process.
    James ZhangJames Zhang
    07:43 21 Aug 23
    Kurt was phenomenal, very knowledgable, patient and communicative across the entire process. Can't recommend them highly enough.
    Melanie MaclureMelanie Maclure
    04:35 10 Aug 23
    Vaughan Enright has been an absolute pleasure to deal with. He is always extremely responsive and helpful, listens to my needs, and has been working with me to get the best he can. He has been reliable, getting back to me quickly, calling when he says he will (great timekeeper). Very happy with the experience as I initially called 3 or 4 months ago, he has been very informative from tyre kicking/semi serious stage to now at crunch time. Definitely recommend working with him.
    Wendy ReevesWendy Reeves
    02:23 03 Aug 23
    I have used Reduce Home loans several times to refinance our loan. I cannot recommend them highly enough. They are extremely knowledgeable and have access to highly competetive interest rates. Their communication throughout the loan application process is excellent and it is very easy to get in touch with them when you need to. Definitely use Reduce!
    Brad GosbellBrad Gosbell
    07:41 21 Mar 23
    Nick and the team never fail to impress and always achieve better than expected results. With a great network of lenders and products they always manage to deliver, keeping you well informed along the journey. Always know I am in capable hands and a achieving the best of what's out there.I cannot recommend Reduce highly enough. 11 out of 10! Keep up the good worm 👍
    Richard WRichard W
    04:34 20 Mar 23
    Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again.
    Kumbi MKumbi M
    04:06 20 Nov 22
    We have been working with Reduce Home Loans for a few years now. We have done some refinancing of home loans and have applied for new home loans with Reduce Home Loans. Each and every time we managed to get some awesome deals, lowest variable rates available on the market. I highly recommend Reduce Home Loans. We will definitely use them again in future!!
    Michelle DavisMichelle Davis
    21:15 15 Sep 22
    Nick Freney, from reduced home loans, was fantastic. He made the whole process of refinancing my house loan, hassle free and also got me a great interest rate. I can't recommend Nick and his team highly enough.
    Goran MaricGoran Maric
    03:46 15 Sep 22
    Reduce were very easy to work with, and they got us the lowest variable rate on the market - which is saving us thousands each year.Highly recommend. We'll definitely go with them again in the future.
    David ElmerDavid Elmer
    10:05 30 Aug 22
    Overall, we are happy with our experience at Reduce. We moved from another non-bank lender, who wouldn't move our rate, despite their new owner rates being much lower, and our loans under what we originally borrowed. Nick and the team from Reduce were very easy to deal with, and our rate has been competitive since we started with them.
    Jon McilveenJon Mcilveen
    06:52 11 Aug 22
    Just refinanced with Reduce Home Loans. Better interest rates, staff have been nothing but helpful and easy process. Can't ask for more!
    Chris LimChris Lim
    07:55 04 Aug 22
    I had a fantastic experience dealing with Reduce Home Loans who provided finance for my SMSF to purchase an investment property in July 22. I was particularly impressed with Bryce Stimpson's helpfulness, knowledge, responsiveness, professionalism and pleasantness. I received an excellent rate and am happy I went with Reduce.
    Peta GeakePeta Geake
    02:41 04 Aug 22
    Using reduce loans has saved me a lot of money on our home loan. The staff are professional and caring, always easy to get in contact with and there to help with any questions you. The switch from one of the big 4 banks (wont name names of who was ripping us off!) was easy with reduce loans. I highly recommend anyone to get in contact and see how many money they can save you.
    Amanda BeresfordAmanda Beresford
    20:09 16 Jun 22
    Reduce Loans were able to find us a much better home loan rate. The process was so easy and we were walked through every step. Everything was done online and the whole process was handled quickly. I would highly recommend working with Reduce Loans.
    Matt HingstonMatt Hingston
    00:42 16 Jun 22
    We secured a great loan with Reduce far below market rates of the large lenders. Was particularly impressed by their flexible banking style in setting up the loan and Nick Freeney was great to work with in the loan application. The only issue is the application process was longer and more admin intensive than some other loans so removing one star - but if you stick with it you can save a bunch over the life of the loan.
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    $2,000 up to

    $10,000 Cash Back

    on Purchases and Refinances

    Reward yourself with Cash Back

    Receive $2,000 up to $10,000 cash back on purchases and refinances with these specially tailored Cash Back loans. We’re committed to helping you find the best home loan deal, ever!

    For the nitty gritty, see Cash Back Terms and Conditions here

    Home Owners Dream Fixed Cash Back

    Fixed rates from

    5.99% p.a. Fixed

    6.29% p.a.* Comparison

    Purchase or refinance up to 90% LVR*

    • Owner Occupied
    • Receive $2,000 up to $10,000 Cash Back
    • Maximum loan amount $1,000,000^

    Features

    • 100% offset available
    • Flexible repayment options
    • Choose from 1 to 5 years fixed rate
    Apply now

    Fixed Wealth Maximizer

    Up to 80% LVR available*

    6.19% p.a. Fixed

    6.55% p.a.* Comparison

    Refinance up to 80% LVR

    • Investment Loan
    • Receive $2,000 up to $10,000 Cash Back
    • Maximum loan amount $1,000,000^

    Features

    • 100% offset available
    • Flexible repayment options
    • Interest Only Available
    • Choose from 1 to 5 years fixed rate
    Apply now

    At Reduce Loans, we aim to help you select the best home loan for you and your situation. This information is to guide your choices.

    Cash Back

    Loan ProductRate p.a.
    Comp* p.a.
    LVRInstant
    Approval
    OffsetRedrawInterest
    Only
    1 Yr Fixed Home Owners Dream Cash Back
    6.29%
    6.35%*
    80%
    2 Yr Fixed Home Owners Dream Cash Back
    6.04%
    6.32%*
    80%
    3 Yr Fixed Home Owners Dream Cash Back
    5.99%
    6.29%*
    80%
    4 Yr Fixed Home Owners Dream Cash Back
    6.29%
    6.35%*
    80%
    5 Yr Fixed Home Owners Dream Cash Back
    6.29%
    6.35%*
    80%
    Loan ProductRate p.a.
    Comp* p.a.
    Max
    LVR
    Instant
    Online
    Approval
    90% LVR
    Available^
    Offset
    Account
    Extra
    Repayments
    & Redraw
    Interest
    Only
    Construction
    Available
    1 Yr Fixed Home Owners Dream Cash Back

    6.29%
    6.35%*
    80%
    2 Yr Fixed Home Owners Dream Cash Back

    6.04%
    6.32%*
    80%
    3 Yr Fixed Home Owners Dream Cash Back

    5.99%
    6.29%*
    80%
    4 Yr Fixed Home Owners Dream Cash Back

    6.29%
    6.35%*
    80%
    5 Yr Fixed Home Owners Dream Cash Back

    6.29%
    6.35%*
    80%
    Loan ProductRate p.a.
    Comp* p.a.
    LVRInstant
    Approval
    OffsetRedrawInterest
    Only
    1 Yr Fixed Cash Back 6.39%
    6.59%*
    80%
    2 Yr Fixed Cash Back 6.19%
    6.55%*
    80%
    3 Yr Fixed Cash Back 6.29%
    6.55%*
    80%
    4 Yr Fixed Cash Back 6.49%
    6.59%*
    80%
    5 Yr Fixed Cash Back 6.49%
    6.58%*
    80%
    Loan ProductRate p.a.
    Comp* p.a.
    Max
    LVR
    Instant
    Online
    Approval
    90% LVR
    Available^
    Offset
    Account
    Extra
    Repayments
    & Redraw
    Interest
    Only
    Construction
    Available
    1 Yr Fixed Wealth Maximizer Cash Back

    6.39%
    6.59%*
    80%
    2 Yr Fixed Wealth Maximizer Cash Back

    6.19%
    6.55%*
    80%
    3 Yr Fixed Wealth Maximizer Cash Back

    6.29%
    6.55%*
    80%
    4 Yr Fixed Wealth Maximizer Cash Back

    6.49%
    6.59%*
    80%
    5 Yr Fixed Wealth Maximizer Cash Back

    6.49%
    6.58%*
    80%

    Features available for you

    Some of the features available on our variable or fixed rate cash back home loans:

    Offset accounts

    • Reduce loan interest charged
    • Pay your wages into your offset account
    • The value of your offset account is deducted from your outstanding loan balance for interest rate calculations

    Redraw accounts

    • Urgent need for cash?
    • Withdraw cash up to the value of any additional payments you’ve made.

    Variable repayment schedules

    • Make your loan repayments when you get paid
    • Weekly, fortnightly or monthly repayments

    Flexible repayment options

    • Additional repayments can be made to reduce the loan duration

    Variable loan durations on fixed-rate loans

    • Choose your own loan duration, from 1 to 5 years

    Interest-only loans available

    Property investor bonus

    • Optimise your rental income with interest-only repayments on your home loan

    A new home plus a cash reward!

    We will pay you up to $10,000 cash when you purchase a home or refinance with us.

    If you are an owner/occupier or an investor you will receive a minimum of $2,000 and up to $10,000 when you sign up for one of the variable or fixed rate home loans listed on this page.

    Why take out a cash back home loan?

    You’ll have a head start on your new property. With the extra cash in your pocket, you could:

    Buy furniture for your new home

    What better way to start life in your new home than with new beds, a lounge suite or a dining table and chairs for your family

    Refurbish the bathroom or kitchen

    Make a nearly-new house into your dream home with a sparkling new kitchen or bathroom

    Landscape the garden

    When you have a fantastic new home but the outdoor areas need some work

    Install an alfresco entertainment area

    Somewhere to relax in those cool evening breezes

    or

    Treat yourself

    A new car, a holiday, the choice is yours!

    Fixed-rate or Variable rate home loans

    Your first decision is whether to get a fixed rate or variable rate loan to purchase your new house. There are potential benefits and risks with each type of home loan.

    With a variable rate loan, your interest rate will change, normally in line with the latest interest rates set out by the Reserve Bank of Australia. 

    Variable rate loans generally have lower rates of interest. Your repayments will decrease if interest rates go down, but you have the risk of making increased repayments if the home loan interest rates increase.

    With a fixed rate home loan, the interest rate, and repayments, will stay the same for the agreed fixed rate period, normally 1 to 5 years, regardless of any changes to the lending interest rate.

    When the agreed period for the fixed rate ends, your home loan becomes a variable interest rate loan.

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    MORE ABOUT OUR LOANS

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