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    Reduce Home Loans
    Based on 631 reviews
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    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.

    Frequently Asked Questions about online home loans

    If you have any questions about home loans or buying a house, here’s a good place to start. We’ve compiled a list of the most commonly asked questions about lending and property finance.

    Can’t find what you’re looking for? Give us a call on 1300 REDUCE (733 823) and our team will be happy to help you out.

    Am I eligible for a Reduce home loan?

    If you are over 18 and can meet Reduce’s lending guidelines, any Australian Resident can apply for a Reduce Home Loan.

    Find out if you’re eligible by calling our Personal Finance Managers on 1300 REDUCE (733 823) or you can submit an enquiry here.

    I'm self-employed. Can I borrow from Reduce?

    Yes. Some of our product range is designed for self-employed borrowers. Subject to meeting our lending criteria. Contact us for more details.

    Who is Reduce Home Loans funded by?

    Our loans are backed by the good fellows at Adelaide Bendigo Bank (ABL), and Origin Mortgage Management Services (Origin MMS).

    Your loan funder depends on the loan product you apply for.

    Find out more about how we do what we do, funding through securitisation to get low rates.

    Is it safe to get a home loan online?

    Absolutely. Reduce Home Loans is regulated by the National Consumer Credit Protection Act 2009 (NCCPA). All personal and credit information is treated with integrity and care, abiding by our Privacy Policy.

    The consumer watchdog Australian Securities and Investments Commission (ASIC) and industry supervisor Australian Prudential Regulation Authority (APRA) also regulate all financial companies including all banks, funders and non-banks within Australia.

    All Reduce Home Loans’ Personal Finance Managers are fully qualified and trained to offer advice regarding home loan enquiries and information collection.

    How do I apply for a loan?

    Applying for a home loan with Reduce is easy. Simply fill out an online enquiry with your preferred day and time to be called by a Personal Finance Manager.

    Alternatively you can give us a call on 1300 REDUCE (733 823) and a Reduce Home Loans specialist will be happy to help you.

    How much can I borrow?

    Check out the Reduce Home Loans How Much Can I Borrow Calculator to get an estimate of how much Reduce can lend you.

    For a more accurate estimate, fill out an online enquiry or give us a call on 1300 REDUCE (733 823). We can even arrange a home loan pre-approval to give you the confidence you need to bid at an auction.

    The minimum and maximum loan amount varies by Home Loan product, see individual home loans for details.

    What are the costs involved in getting a home loan?

    Costs vary depending on the home loan you choose. In addition to application, valuation and settlement fees, you need to allow for other fees such as Stamp Duty and solicitor’s fees. Our easy-to-use Stamp Duty Calculator can help you find out how much Stamp Duty you’ll pay in your State or Territory.

    What documentation do I need to provide?

    Depending on your circumstances and the home loan you have applied for, you will generally need to supply the following;

    • Evidence of income – most recent payslips or letter from employer detailing conditions and most recent group certificate.
    • Completed and signed Reduce Home Loans Application Form
    • Certified coloured copy of your driver’s licence.
    • First Home Owner Grant application (Required for First Home Buyers only).
    • Signed copy of Contract of Sale (Required for Purchase only).
    • 6 months home loan statements (Required for Refinance only).
    • Rates Notice for existing property used as security (Required for Refinance/Equity Releases only).
    • Copy of last 3 months’ loan statements for any loan to be paid out (Required for Loan Consolidation only)

    Please note: we may require additional documentation depending on your circumstances.

    Can I access my home loan online?

    Yes. Once your loan settles, your Personal Finance Manager will guide you through setting up your internet banking.

    Can I make extra repayments?

    Yes, you can make extra repayments on all of our Home Loans. However the terms and conditions relating to extra repayments vary depending on the Reduce Home Loan you choose so please see individual products or speak to your Personal Finance Manager for full details.

    Find out how much quicker you could pay off your loan with our Mortgage Extra Repayments Calculator.

    Can I get access to extra repayments I've paid? (Redraw)

    Yes. All Reduce Home Loans products have a redraw facility. Minimum and maximum amounts and, in some cases, fees may apply – depending on the loan product you choose.

    To find out what’s right for you, check out our home loans or give us a call on 1300 REDUCE (733 823) and we’ll be happy to help.

    How long does it take to get pre-approval?

    In most cases your Home Loan manager will be able to give you a conditional approval within 48 hours. How quickly you get full approval depends on how quickly you are able to provide the necessary documentation to support your application. The most common causes of a delayed approval are normally the simplest – Unreadable Identification, missed signature etc.

    How long does pre-approval last?

    All pre-approvals are valid 3 months from date of issue. You will need to provide up-to-date documentation before formal approval.

    How much Stamp Duty can I expect to pay?

    The Stamp Duty payable on your new property depends on a number of factors including which state you purchase in, whether or not you are a First Home Buyer and whether or not you are going to live in the property or rent it out for investment.

    Check out the Stamp Duty Calculator to work out how much Stamp Duty will be payable on your purchase. The calculator can also help you determine if you’re eligible for any government concessions such as the First Home Owner Grants.

    How much will my basic repayments be?

    Your minimum repayment will depend on the loan amount, if you’re paying Principal and Interest, or just Interest Only.

    Feel free to jump over to our Mortgage Repayment Calculator to estimate payments based on loan term, amount and interest rates.

    What is the maximum interest rate

    We have provide home loans & special home loans such as SMSF & ALT Doc loans as well as loans for those who have an adverse credit and in the past these specialised loans carry a higher interest rate than our main stream home loan offering with a maximum interest rate of 6.5% and some home loan offerings have a maximum of fees payable which are accurate at the time of application and are disclosed in the PDS.

    Can I use the equity in my home as a deposit?

    Yes. You can use the equity in your current property to help you purchase an investment property. Even if you have a mortgage on the property, you will likely have enough equity to purchase an investment property.

    Equity is the value of the difference between what your property is worth and what your mortgage loan is. For example, if you have a property valued at $800,000 with a mortgage of $400,000, you have $400,000 worth of equity.

    You may be able to borrow up to a certain percent of the equity to use toward investing in another property. Your home equity and anticipated rental income can help you buy another investment property sooner.

    What is Lender's Mortgage Insurance (LMI)?

    Lender’s Mortgage Insurance, as the name states, is insurance that protects the Lender not you as the borrower.

    Lender’s Mortgage Insurance (LMI) is a one off fee that normally applies to loans where the customer is borrowing more than 80% of the purchase price. LMI is scaled depending on the percentage you need to borrow (between 80 – 95%) and the amount of the loan (ie, $450,000).

    LMI can start from $6000 and range up to over 5% % of the loan amount. You have two options to pay this fee. Some lenders allow you to capitalise the cost of your LMI, meaning that they will add this figure to your loan amount.

    For example, if you are borrowing $450,000, your LMI may work out to be around $6000. You would actually increase your loan amount to now borrow $456,000 ($450,000 + $6,000).

    What is the difference between Offset and Redraw?

    Mortgage Offset Account. This can reduce interest on your loan. Your mortgage is linked to an account into which your salary and other cash can be deposited. You can then withdraw the funds to pay your bills.

    For example, if you have a loan of $300,000 and have $10,000 in your offset account, the amount of interest you pay will be calculated on only $290,000 ($300,000 – $10,000). Use these savings for another deposit instead of paying off your current mortgage.

    Check out our Mortgage Offset Calculator to see how you can pay less interest on your loan with an Offset Account.

    Extra Repayments/Redraw Facility. You can make extra repayments and create a ‘kitty’ for times when you have unexpected expenses such as plumbing or electrical repairs or for when you’re not receiving a rental income.

    A loan with this feature allows you to skip a mortgage repayment as long as you have enough funds in credit to cover that mortgage repayment.

    Our Mortgage Extra Repayments Calculator can help you crunch the numbers in paying off your home loan with more than the minimum repayment.

    Australia’s lowest rates? How?!

    Find out more about how Reduce Home Loans achieves the super low rates we offer.

    How we do what we do


    Multi-award winning non-bank lender. Operating online, Australia-wide.

    Want to know more? Read more about us.

    Find the Cheapest Home Loan that’s right for you

    No matter what stage of the home loan journey you’re at, we’re here to help you find a great rate across variable, fixed or a mix of both.

    Our home loan range also offer great features and flexibility, so you can apply with confidence.

    Loan calculators and finance calculators

    Crunch the Numbers

    We’ve got a number of home loan and finance calculators available for you to easily crunch those hefty numbers. Give it a try!



    Compare rates, features and fees across all our home loans in this easy table.