HomeHome Loansloans.com.auVariable Home Loan

loans.com.au Variable Home Loan

The loans.com.au Variable Home Loan offers variable rates from 5.79% p.a. (5.83% p.a. comparison rate*). Low deposit home loans.


Updated 10 May 2025


Fact checked and verified. Updated 10 May 2025
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Interest Rates
Enter scenario to see relevant rates
I want to borrow
with a deposit of
for my
Principal & Interest(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

5.79%

5.83%

Interest Only(% p.a.)
Rate
Type
Interest
Rate
Comparison
Rate*

Variable

6.29%

6.16%

Expert Review

If you're looking for a fee free home loan with basic features, then the loans.com.au Variable Home Loan is worth considering. As one of loans.com.au's more basic home loan offerings, it features variable interest rates across the Owner Occupier category, and the ability to split your loan with loans.com.au's fixed rates. loans.com.au also offers a home loan package with more comprehensive features, so it is prudent to consider what's most important to you before applying. Further details about the loans.com.au Variable Home Loan benefits are outlined below.

Basic non-package loan for owner occupiers:
The key features under this relatively basic offering for owner occupier loans are focused on pricing. Specifically, pricing advertised includes a $0 monthly fee, and a low variable rate starting from 5.79% p.a. (5.83% p.a. comparison rate) on Principal and Interest repayments. Please keep in mind that despite this being a relatively basic no-frills product offering by loans.com.au, these rates should be able to be negotiated down, particularly for people borrowing a sizeable amount, or for those who hold a sizeable deposit or equity in a property already. This loan does require a minimum of either 10% deposit or 10% existing equity, and often anything above these amounts will help you negotiate a lower interest rate. There is the option to split the loan into Variable and Fixed rate components, plus being able to make extra repayments and in the future, redraw funds if desired. In terms of repayments Interest Only repayments or Principal and Interest repayments are available.
Summary
Considering the basic features available with this product, this home loan will appeal to owner occupier borrowers. It will also appeal to someone where the lesser known loans.com.au brand and service isn’t a concern, or for those who are happy to bank with a lender that offers features most important to them, over who the lender is.

Product Details
Fees

•

$0 establishment fee

•

$0 annual fee

Other fees may apply.

Loan Amount

•

From $50,000

Feature

•

No ongoing fees

•

Split your loan into fixed and variable rate portions

•

Make extra repayments

•

Redraw extra repayments that you have made

TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the loans.com.au website.

More information
* Comparison rate is based on a secured loan of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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