Rate Cutter Variable

Owner Occupied Home Loan

2.29% p.a. Variable

2.37% p.a. Comparison*

  • No ongoing fees, ever!

  • 100% offset available

  • Up to $5,000 cash back

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    Reduce Home Loans is one of Australia’s most awarded home loan provider

    Why stick with the banks when you can access thousands of dollars in savings with one of Australia’s most awarded home loan provider.

    We’re hell-bent on offering the lowest interest rates possible to homeowners across Australia – it’s the reason we get up in the mornings!

    Take advantage of our Rate Cutter Variable, available for Owner Occupied purchases and refinances up to 60% LVR. Loans over $250,000 are eligible for $2,000 up to $5,000 cash back.

    Cash Back Terms and conditions here.

    With unlimited extra repayments and a full redraw facility, you can cut your rate and repayments on this great flexible rate!

    On average, Reduce saves^ refinancers $3,120 a year in interest repayments.

    That’s $15,600 over 5 years!

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      More about the Rate Cutter Home Loan

      THE BASICS
      Rate2.49% p.a. Variable
      2.57%* p.a. Comparison
      PurposeOwner Occupied
      EligibilityPersonal
      Company
      Unit
      Discretionary Trust
      Minimum Amount250000
      Maximum Amount$1,000,000
      Add 0.30% for loans over $1,000,000 - $1,500,000.
      Add further 0.30% for loans over $1 500 000 - $2 000 000.(Max LVR 80%)
      Add further 0.30% for loans over $2 000 000 - $2 500 000(Max LVR 70%)
      LVRUp to 60%
      Add 0.40% for 60 - 70%
      Loan TermUp to 30 years
      Rate OptionsVariable
      Available for ConstructionNo
      FEATURES
      Multiple Accounts100% offset available - add 0.10% to rate
      Loan splits available
      Redraw FacilityYes. No minimum via electronic transfer
      Account AccessInternet & Phone transfer access to nominated account
      StatementsHalf yearly
      REPAYMENTS
      TypePrincipal & Interest
      FrequencyVia Direct Debit - Weekly, Fortnightly or Monthly
      MethodsDirect Debit
      Salary Credit
      Additional RepaymentsVariable Rate – Extra repayments may be made at any time without penalty
      FEES
      Application Fee$440
      Establishment Fee$0
      Third Party Valuation FeeAt Cost
      Estimate $250
      Third Party Legal FeesAt Cost
      Estimate $330
      Does not cover government charges, funder's contract processing fee & PEXA fee
      Annual Fee$0
      Monthly Fee$0
      Settlement Fee$0

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