| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
Basic Home Loan Variable  | 5.89% 5.91% | 80% |  | |  | |
| Ultra Prime 80 | 6.44% 6.51%* | 80% | | | | |
| Rate Cutter | 5.99% 6.06%* | 60% | | | | |
| Rate Lovers Variable Cash Back | 6.29% 6.36%* | 90% | | | | |
| Capitalizer Variable | 6.34% 6.38%* | 90% | | | | |
| Capitalizer ALT-DOC Variable | 6.99% 7.06%* | 65% | | | | |
| Ezy Variable | 6.99% 7.05%* | 80% | | | | |
| Economizer Variable 80 | 6.24% 6.30%* | 80% | | | | |
| Rate Slasher 90 Variable | 6.64% 6.70%* | 90% | | | | |
Funded and managed by
Kurt was excellent to deal with. Great customer service, very helpful and experienced. One of the best rates on the market.
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.
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 👍
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!
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
Kurt was phenomenal, very knowledgable, patient and communicative across the entire process. Can't recommend them highly enough.
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.
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!
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 👍
Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again.
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!!
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.
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.
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.
Just refinanced with Reduce Home Loans. Better interest rates, staff have been nothing but helpful and easy process. Can't ask for more!
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.
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.
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.
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.
Compare our loans at a glance
When you are in the market for a new home, one of the first decisions you will make is which home loan to choose. How do you know which one is right for you?
Here are some considerations when selecting a home loan provider plus some tips on how to choose the best loan for your needs.
Compare loans for your owner occupied house
Owner Occupied Home Loans
![](https://www.reduceloans.com.au/wp-content/uploads/2022/10/Reduce-Buttons_More-Details2-e1665017782637.png"){kind=small}
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Home Owners Dream 1 Yr Fixed | 6.49% 6.32%* | 80% | | | | |
| Home Owners Dream 2 Yr Fixed | 6.49% 6.33%* | 80% | | | | |
| Home Owners Dream 3 Yr Fixed | 6.54% 6.36%* | 80% | | | | |
| Home Owners Dream 4 Yr Fixed | 6.64% 6.40%* | 80% | | | | |
| Home Owners Dream 5 Yr Fixed | 6.64% 6.43%* | 80% | | | | |
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Rate Lovers Cash Back | 6.29% 6.36%* | 90% | | | | |
| 1 Yr Fixed Home Owners Dream Cash Back | 6.49% 6.32%* | 80% | | | | |
| 2 Yr Fixed Home Owners Dream Cash Back | 6.49% 6.33%* | 80% | | | | |
| 3 Yr Fixed Home Owners Dream Cash Back | 6.54% 6.36%* | 80% | | | | |
| 4 Yr Fixed Home Owners Dream Cash Back | 6.64% 6.40%* | 80% | | | | |
| 5 Yr Fixed Home Owners Dream Cash Back | 6.64% 6.43%* | 80% | | | | |
Fixed rate vs Variable rate home loans
A big decision – whether to get a variable or fixed rate home loan.
A variable rate home loan means your interest rate can go up or down, depending on the market conditions. A fixed rate home loan means your interest rate will stay the same for the duration of the fixed rate period.
With a variable rate home loan, your repayments may be lower if interest rates go down. Variable home loans normally have lower interest rates than fixed price loans, but the risk is, if rates rise, your repayments will also go up.
A fixed rate home loan gives you peace of mind because your repayments will stay the same for the duration of the fixed rate period, no matter what happens with interest rates. When the fixed price period ends, you will normally revert to a variable rate mortgage.
Compare variable and fixed investment loans
Investment loans
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Investor Rate Lovers 60 Cash Back | 6.49% 6.56%* | 60% | | | | |
| Investor Rate Slasher 70 Cash Back | 6.69% 6.76%* | 70% | | | | |
| Investor Rate Lovers | 6.79% 6.86%* | 90% | | | | |
| Investor Capitalizer | 6.49% 6.56%* | 90% | | | | |
| Investor Rate Slasher Special | 6.54% 6.60%* | 90% | | | | |
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Wealth Maximizer 1 Yr Fixed | 6.69% 6.61%* | 80% | | | | |
| Wealth Maximizer 2 Yr Fixed | 6.69% 6.62%* | 80% | | | | |
| Wealth Maximizer 3 Yr Fixed | 6.74% 6.64%* | 80% | | | | |
| Wealth Maximizer 4 Yr Fixed | 6.84% 6.68%* | 80% | | | | |
| Wealth Maximizer 5 Yr Fixed | 6.84% 6.69%* | 80% | | | | |
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Investor Rate Lovers 60 Cash Back | 6.49% 6.56%* | 60% | | | | |
| Investor Rate Slasher Cash Back | 6.69% 6.76%* | 70% | | | | |
| Investor Rate Lovers Cash Back | 6.79% 6.86%* | 90% | | | | |
| 1 Yr Fixed Cash Back | 6.69% 6.61%* | 80% | | | | |
| 2 Yr Fixed Cash Back | 6.69% 6.62%* | 80% | | | | |
| 3 Yr Fixed Cash Back | 6.74% 6.64%* | 80% | | | | |
| 4 Yr Fixed Cash Back | 6.84% 6.68%* | 80% | | | | |
| 5 Yr Fixed Cash Back | 6.84% 6.69%* | 80% | | | | |
Cash back home loans
Cash back home loans are a type of home loan where you receive a percentage of the loan amount back in cash.
This cash can be used for any purpose, such as home renovations, paying off other debts or simply putting it in your pocket.
On the plus side, you get cash upfront which can be helpful if you need money for home improvements, furniture or other expenses.
The downside is cash back home loans may have higher interest rates than other types of home loans.
Cash Back
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Investor Rate Lovers 60 Cash Back | 6.49% 6.56%* | 60% | | | | |
| Investor Rate Slasher Cash Back | 6.69% 6.76%* | 70% | | | | |
| Investor Rate Lovers Cash Back | 6.79% 6.86%* | 90% | | | | |
| 1 Yr Fixed Cash Back | 6.69% 6.61%* | 80% | | | | |
| 2 Yr Fixed Cash Back | 6.69% 6.62%* | 80% | | | | |
| 3 Yr Fixed Cash Back | 6.74% 6.64%* | 80% | | | | |
| 4 Yr Fixed Cash Back | 6.84% 6.68%* | 80% | | | | |
| 5 Yr Fixed Cash Back | 6.84% 6.69%* | 80% | | | | |
| Loan Product | Rate p.a. Comp* p.a. | LVR | Instant Approval | Offset | Redraw | Interest Only |
|---|---|---|---|---|---|---|
| Rate Lovers Cash Back | 6.29% 6.36%* | 90% | | | | |
| 1 Yr Fixed Home Owners Dream Cash Back | 6.49% 6.32%* | 80% | | | | |
| 2 Yr Fixed Home Owners Dream Cash Back | 6.49% 6.33%* | 80% | | | | |
| 3 Yr Fixed Home Owners Dream Cash Back | 6.54% 6.36%* | 80% | | | | |
| 4 Yr Fixed Home Owners Dream Cash Back | 6.64% 6.40%* | 80% | | | | |
| 5 Yr Fixed Home Owners Dream Cash Back | 6.64% 6.43%* | 80% | | | | |
Offset account
An offset account is a way of setting up your bank accounts to help save you money. Your day-to-day bank account (the “offset account”) is used to reduce the outstanding value of your loan so you repay less interest.
If the outstanding balance in your home loan account is $200,000, for example, and you have $50,000 in your day-to-day (offset) account, you will only be charged interest on $150,000.
Loan to value ratio (LVR)
When you’re looking for a home loan, one of the things you’ll want to consider is the loan-to-value ratio (LVR).
The LVR is the percentage of the home’s purchase price the lender will finance.
For example, if you have a home loan with an LVR of 80%, the lender will finance 80% of the home’s purchase price and you’ll need to come up with the remaining 20% as a deposit.
LVRs can affect your interest rate, loan type and the amount of money you’ll need for a deposit.
A high LVR (90%+) usually means you’ll pay a higher interest rate and a low LVR may mean you can borrow more.
Extra payments on a home loan
Making extra payments on your home loan can help you pay it off sooner and save money on interest. Check with your friendly Reduce Loans contact first to make sure there are no penalties for making early repayments.
Extra repayments can be made as often as you like, but there may be a maximum value you can repay each year.
Redraw facility
A redraw facility is a type of home loan account allowing you to withdraw any extra payments you’ve made.
This can be helpful if you need to access the money for unexpected expenses, such as home repairs or medical bills.
Redraw facilities are likely to restrict the maximum amount you can redraw each time.
Preapproval for your home loan
Critical if you are considering buying your home at an auction, getting preapproved for a home loan is a great way to know the value of the home you can afford and helps avoid being rejected when you find the home you want.
We are here to help!
At Reduce Loans, our aim is to help you select the best home loan for you and your situation. As you’ve seen there are many things to consider. Our team are ready to answer your questions.
For more information
Cash Back is here!
Receive $2,000 up to $10,000 cash back on purchases and refinances with Reduce Home Loans!
Cash Back Hero is here for a limited time! Available for both Owner Occupiers and Investors. Minimum loan sizes apply
Find out moreRate Lovers Cash Back from
6.29%p.a.
Variable Rate
6.36%p.a.*
Comparison Rate
loan features
- 100% offset available
- Full, free redraw facility
- No ongoing fees
- Loan splits available
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