loans.com.au review

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

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Our verdict

loans.com.au suits Australian borrowers who want a plain basic home loan with no product fee and free early repayment. Its initial rate of 5.94% sits mid field rather than at the top, and the bare home loan runs 5.98% APRC with fixed terms of 1 to 5.

Key facts

Best for
A basic home loan with no product fee and free early repayment.
Initial rate
5.94% (Source, checked September 26, 2026)
APRC
5.98% (Source, checked September 26, 2026)
Fixed period
1 to 5 years (Source, checked September 26, 2026)
Maximum loan to value
90% (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
loans.com.au Pty Ltd (ACN 082 587 095) (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
2011 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Official website
loans.com.au

Loans

APR
5.98% (Source, checked September 26, 2026)
Loan amount
A$10,000 to A$150,000 (Source, checked September 26, 2026)
Term
360 months (Source, checked September 26, 2026)
Arrangement fee
AUD 0 application fee; security assessment fee AUD 230; settlement fee AUD 300 (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Preliminary approval within 48 hours; formal approval 3-5 business days; funds released at settlement (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)
Loan types
Secured, Car, Bridging, Business (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
loans.com.au Pty Ltd (ACN 082 587 095) (Source, checked September 26, 2026)
Headquarters
Australia (Source, checked September 26, 2026)
Founded
2011 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInfacebook.com

Pros and cons

Pros

  • No product fee on the basic home loan: AUD 0
  • Free early repayment on home loans
  • Support runs on email, chat and phone

Cons

  • The variable basic home loan carries security assessment and settlement fees beyond the product fee
  • A hard credit check on the car loan, recorded as hard
  • Loan purposes stop at purchase, remortgage, first time buyer and buy to let, with no equity release listed
loans.com.au

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Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • Australian borrowers taking out or remortgaging on a home loan
  • First time buyers who want no upfront product fee
  • Anyone planning to repay a home loan early without exit costs

Who should look elsewhere

  • Borrowers chasing the sharpest headline rate, since Sofkredit lists 8% to 14%
  • Buyers wanting the lowest cost shown here, since Creditilia ES lists 4%
  • Borrowers who need an equity release product, which this lender does not list

Where it sits among rivals

On APRC, the brand ranks 92 of 145 compared brands, and on initial rate it sits at 182 of 297. That mid field placement fits the picture: the basic home loan is competently priced rather than a rate leader. On maximum loan to value it fares better, ranking 74 of 293, so higher deposit needs are where this lender looks more useful.

Who runs it

The business behind the site is loans.com.au Pty Ltd (ACN 082 587 095), headquartered in Australia and trading since 2011. It describes itself as a direct lender, so applications go straight to a lender rather than through a broker. Support runs on email, chat and phone, which covers phone and chat as well as email and a help centre. It holds an 395219 for Australian credit.

How loans.com.au compares

Where loans.com.au is available

Available
Australia
Licence in Australia
Australian Credit Licence (issuer not named on page) (395219), checked September 26, 2026

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

Frequently asked questions

What does the basic home loan cost?+

The product fee is AUD 0 and the APRC is 5.98%. Early repayment carries no charge, which is unusual among home loans. The variable rate starts at an initial rate of 5.94% and runs over 360.

Are there arrangement fees as well as the product fee?+

Yes, the home loan lists an arrangement fee made up of no application fee, a security assessment fee and a settlement fee. So while the product fee reads AUD 0, the security and settlement charges still apply on the basic home loan.

How much can I borrow against my home?+

The maximum loan to value on the basic home loan is 90%, so a deposit is needed. The term can run up to 360 on that product. Borrowing above that level would need a different lender.

Can I repay my home loan early?+

Yes. Free early repayment is available, so making extra payments or clearing the balance early does not attract a fee. That makes the loan easier to clear if your income rises or your plans change.

Is loans.com.au regulated?+

The business behind the site is loans.com.au Pty Ltd (ACN 082 587 095), based in Australia and trading since 2011. It holds an 395219 for Australian credit and describes itself as a direct lender.

What kinds of loan does it offer?+

The listed loan types cover secured, car and bridging, so secured lending, car and business borrowing are grouped on the same site. Home loan purposes run to purchase, remortgage, first time buyer and buy to let, with home improvement named as a use.

What credit check does the car loan use?+

The car loan applies a hard credit check, which is recorded on the product as hard. Car loan amounts run AUD 10,000 to AUD 150,000 and the product sits on a fixed rate model.

How do I get help during an application?+

Support runs on email, chat and phone, so phone, email, chat and a help centre are all listed. Funds are released at settlement, with preliminary approval coming back quickly and formal approval taking a short stretch of business days.

Sources

  • loans.com.au checked September 26, 2026

    Backs: Loan types, Purpose, Support channels, Licences

    “Home loans ... Car loans ... Caravan Loans ... Bridging loan ... SMSF Residential Loan ... SMSF Commercial Loan”

  • loans.com.au/car-loans/variable-rate-car-loan checked September 26, 2026

    Backs: Loan amount, Credit check, Pricing model

    “Variable rate car loan: Borrow from $10,000 - $150,000”

  • loans.com.au/home-loans/bare-home-loan checked September 26, 2026

    Backs: APR, APRC, Free early repayment, Initial rate, Maximum loan to value, Arrangement fee, Product fee, Rate type, Term

    “Variable Bare Home Loan 5.94 % p.a. rates from*, 5.98 % p.a. comparison rate*”

  • loans.com.au/home-loans/faqs checked September 26, 2026

    Backs: Funding time, Lender type, Use cases

    “we can generally get preliminary approval to you within 48 hours ... a home loan approval can be sought in as little as 3 to 5 business days”

  • loans.com.au/home-loans/fixed-rate checked September 26, 2026

    Backs: Fixed period

    “You can choose to fix your home loan interest rate for a set period, typically between one and five years.”

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

    Backs: Founded, Headquarters

    “Established in 2011, loans.com.au redefined Australia's borrowing experience by leading the way as one of the first online lenders”

  • loans.com.au/privacy-policy checked September 26, 2026

    Backs: Legal entity

    “we, our, us or loans.com.au means loans.com.au Pty Ltd (ACN 082 587 095)”

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

loans.com.au

loans.com.au

A basic home loan with no product fee and free early repayment.

8.8/10See alternatives

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