Reduce is Australia's Cheapest Home Loan

For the fifth year in a row, Reduce Home Loans takes out the top spot as Australia’s Cheapest Flexible Home Loan.

Money Magazine held its annual Best of the Best award event yesterday (November 27 2019) to highlight Australia’s top financial products and services for the year ahead.

Reduce Home Loans was named Best of the Best Cheapest Flexible Loan against all non-bank lenders for its hero Low Rider Variable.

Reduce Home Loans is a clear winner here, with a variable rate of 2.69% on a loan that offers all the bells and whistles. – Money Team

To top it off, Reduce’s Home Owners Dream 3 Year Fixed was awarded second best among all 3 year fixed home loan products.

Savings made by switching

Reduce’s General Manager Josh Beitz highlighted the savings that could be made by making the switch to Australia’s Cheapest Home Loan.

“On average, Reduce Home Loans clients are saving up to $3000 – $3500 a year and even in some cases $7000 and up to $11,000 a year. But the best thing is if you continue to make the same repayments you were making with your old bank you could slash years off your loan term can equate to $100,000 plus in saved interest repayments, so it really is worth making the switch”.

Reduce Home Loans General Manager Josh Beitz with Chairman and Chief commentator of Money magazine Paul Clitheroe at yesterdays Money Magazine Best of The Best awards.