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    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
    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.

    Pre-approvals for purchases

    Get your finance pre-approved for your next purchase with Reduce Home Loans.

    Pre-approvals are suited to borrowers who haven’t found a property yet, or for those buying properties under the hammer at auction.

    Pre Approval

    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? 

    Having preapproval 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. Preapproval is critical if you are considering buying your home at an auction.

    Here are some considerations when selecting a home loan provider plus some tips on how to choose the best loan for your needs.

    Apply for a pre-approval today

    You’ll be ready to snap up your dream house to live in or as an investment. Why hesitate?

    • $150 pre-approval fee applies

    With a Reduce Home Loans pre-approval, you can apply for any of our hot rate home loans once you find your perfect place.

    Apply Now

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

      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.

      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.

      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.

      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


      First home buyers

      Get your foot in the door with our super low variable rates, starting at 1.77% Variable, 1.86%* Comparison

      Buying your next home

      Keen to keep the ball rolling? Let us help you get a low rate loan for your next home

      Refinancing your loan

      Simply looking for a better rate? We’re not called Reduce for nothing!

      Investment home loans

      We offer fixed and variable rates for investment home loans – we’ve got your back

      Construction lending

      Renovating or building a new home? Most of our loans are perfect for you


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