Athena Home Loans review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Athena Home Loans suits Australian home owners and investors who want property lending at a low comparison rate. Pricing runs at 6.24% with an APRC of 6.24% over a term of 300, and support runs on email, chat and phone for borrowers who want help by phone.

Key facts

Best for
Australian owner occupiers and investors wanting fee-free secured borrowing with free early repayment.
APR
6.24% to 6.39% (Source, checked September 26, 2026)
Loan amount
A$10,000 to A$2,000,000 (Source, checked September 26, 2026)
Term
300 months (Source, checked September 26, 2026)
Arrangement fee
AUD 0 - no application, valuation, ongoing, monthly or exit fees on Straight Up and Power Up (Source, checked September 26, 2026)
Credit check
Soft prequal (Source, checked September 26, 2026)
Funding time
15 mins to apply online, with fast pre-approval (Source, checked September 26, 2026)
Representative example
Comparison rate based on a $150,000 secured loan over a 25 year term (Source, checked September 26, 2026)
Rate type
Variable (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Home owners and investors, including self-employed; all loans subject to Athena's eligibility and lending criteria (Source, checked September 26, 2026)
Origination fee (%)
0% (Source, checked September 26, 2026)
Loan types
Secured, Bridging, Debt-consolidation (Source, checked September 26, 2026)
Legal entity
Athena Mortgage Pty Ltd (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
2019 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
athena.com.au

Mortgages

Initial rate
6.24% (Source, checked September 26, 2026)
APRC
6.24% (Source, checked September 26, 2026)
Fixed period
1 to 3 years (Source, checked September 26, 2026)
Maximum loan to value
85% (Source, checked September 26, 2026)
Product fee
A$0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Buy-to-let (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Athena Mortgage Pty Ltd (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
2019 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
WikidataLinkedInXTrustpilotbcorporation.net

Pros and cons

Pros

  • No application, valuation, ongoing, monthly or exit fees on Straight Up and Power Up
  • Free early repayment, so a borrower who overpays clears the balance without a charge
  • Support runs on email, chat and phone, with online applications taking 15 mins to apply online, with fast pre-approval
  • Loan purposes cover purchase, remortgage and first time buyer on a single application

Cons

  • Maximum loan to value is 85%, under the site median of 90% for secured loans
  • The fixed rate locks in for 1 to 3, shorter than the site median of 6.5
  • Borrowing runs over 300 with amounts of AUD 10,000 to AUD 2,000,000, so it suits property lending rather than small personal loans
Athena Home Loans

Ready to try Athena Home Loans?

Scored 9.2 / 10 by BorrowCue.

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Who it suits

  • Australian buyers and switchers, since Straight Up and Power Up carry no application, valuation, ongoing, monthly or exit fees
  • Self-employed applicants who want the soft prequalification, listed as soft prequal, before a formal check

Who should look elsewhere

  • Borrowers after small unsecured credit, since Creduma ES starts at from €12,000 and sits outside property-backed lending
  • Anyone chasing the lowest consumer credit, since Sofkredit at 10.74% to 18.06% and Monzo Flex at 10% to 23% price well above 6.24%

Where it sits among rivals

Among the lenders listed here, Athena sits at 129 out of 685 brands on loan amount, a field dominated by large property balances. On term it ranks far higher, at 6 out of 232, because a home loan runs for decades rather than months. Both rankings point the same way, so this reads as property lending with balances and terms to match.

Who runs it

Athena Home Loans is run by Athena Mortgage Pty Ltd, based in Australia and founded in 2019. It holds an Australian Securities and Investments Commission licence recorded as 502611, so the business behind the loans is a named Australian entity rather than an anonymous lender. Support runs on email, chat and phone, giving borrowers phone, chat, email and a help centre.

How Athena Home Loans compares

Where Athena Home Loans is available

Available
Australia
Licence in Australia
ASIC (502611), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Does Athena charge arrangement or ongoing fees?+

No. Straight Up and Power Up carry no application, valuation, ongoing, monthly or exit fees, and the origination fee is 0%. The Straight Up product fee is AUD 0, so the cost of borrowing rests on interest rather than upfront charges.

What rate will I pay?+

Straight Up runs at an initial rate of 6.24% with a comparison rate of 6.24%, and the wider home loan range sits at 6.24% to 6.39%. The comparison rate sits below the site median of 4.9% for lenders of this kind, though pricing depends on your loan to value and circumstances.

How much can I borrow and for how long?+

Terms run to 300, long by consumer loan standards, and amounts run AUD 10,000 to AUD 2,000,000. Maximum loan to value is 85%, so a purchase or remortgage needs enough equity to meet that limit.

Can I fix my rate, and for how long?+

Yes. You can lock in a fixed rate for a fixed period of 1 to 3, with the underlying rate listed as variable once the fixed period ends. That is shorter than the site median fixed period of 6.5, so borrowers wanting a longer stretch of certainty may look elsewhere.

Is there a fee for repaying the loan early?+

No. Free early repayment applies, and the Straight Up product fee is AUD 0, so clearing the balance early brings no charge of its own. That makes the loan cheaper to exit than products that bill for early discharge.

How do I apply, and what credit check happens?+

Applying online takes 15 mins to apply online, with fast pre-approval, with fast pre-approval. The first check is a soft prequalification, listed as soft prequal, so an enquiry does not weigh as heavily as a full search. Loan types cover secured, bridging and debt-consolidation lending, and help runs through email, chat and phone if an application stalls.

Sources

  • athena.com.au checked September 26, 2026

    Backs: Credit check, Funding time

    “Calculate your repayments, see your loan options and check your eligibility in 3 minutes. No credit checks here!”

  • athena.com.au/fixed checked September 26, 2026

    Backs: Fixed period

    “Fixed rate period 1, 2 or 3 years”

  • athena.com.au/products checked September 26, 2026

    Backs: Purpose

    “Try these home loans on for size: Straight Up, Power Up, Interest Only, Fixed Rate - Loans for home owners and sophisticated investors, buying and refinancing”

  • athena.com.au/straight-up checked September 26, 2026

    Backs: APRC, Initial rate, Product fee

    “Our Straight Up rates - Owner Occupied, Principal & Interest, 0-50% Obliterate: Rate 6.24%, Comparison Rate 6.24%”

  • athena.com.au/tailored checked September 26, 2026

    Backs: Maximum loan to value

    “We're one of the few lenders that offers 15% deposit home loans, meaning you can borrow up to 85% of your property's value, without LMI”

  • athena.com.au/about checked September 26, 2026

    Backs: Founded, Legal entity

    “Athena Home Loans burst into the industry in 2019 to shake things up and change home loans for good.”

  • athena.com.au/eligibility checked September 26, 2026

    Backs: Eligibility

    “All loans are subject to Athena's eligibility and lending criteria. Rates and features may vary depending on your individual circumstances and documentation provided.”

  • athena.com.au/faq/about-athena checked September 26, 2026

    Backs: Headquarters, Support channels, Licences

    “Our Australian Credit Licence (502611 if you need to know) means we're governed by ASIC and legally bound to follow their compliance rules.”

  • athena.com.au/faq/athenas-home-loans checked September 26, 2026

    Backs: Loan amount, Loan types, Arrangement fee

    “Our minimum loan amount is $10,000 and our maximum loan amount is $2,000,000. These limits also apply to split loans.”

  • athena.com.au/faq/athenas-rates checked September 26, 2026

    Backs: Lender type

    “You can now go direct to a reputable lender. By bypassing the banks and the brokers, you bypass all their big built-in costs.”

  • athena.com.au/features checked September 26, 2026

    Backs: Free early repayment, Pricing model, Origination fee (%)

    “Unlimited extra repayments - Make as many extra payments whenever you want - Athena's fee-free turbo-boost.”

  • athena.com.au/our-loans checked September 26, 2026

    Backs: APR, Representative example, Term

    “Owner Occupier -> Principal & Interest Straight Up: 70-80% 6.39%, 60-70% 6.34%, 50-60% 6.29%, 0-50% 6.24%”

  • athena.com.au/products checked September 26, 2026

    Backs: Rate type

    “Our super sharp variable rate product with redraw facility. No frills or fuss just an awesome low rate.”

Compiled from 13 source pages, checked September 26, 2026. We did not open an account.

Athena Home Loans

Athena Home Loans

Australian owner occupiers and investors wanting fee-free secured borrowing with free early repayment.

9.2/10See alternatives

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