Aussie is an Australian mortgage broker group, which also offers its own brand of home loan products. Established in 1992, it's now part of the Lendi Group. Check out the table of Aussie products below or read more about the lender and its loans.
Compare Aussie home loans for January 2024
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We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Aussie is a broker and a lender, with an extensive network of mortgage brokers across the country. Aussie brokers can help you compare a range of loans from lenders in its panel plus its own range of loans.
After being owned by the Commonwealth Bank of Australia, Aussie completed a merger with fellow broker group Lendi in 2021, forming the Lendi Group.
You need at least a 20% deposit to get many Aussie home loans, but it does have options for borrowers with deposits as low as 5%.
Here are the key features and details you need to know about Aussie's mortgage products.
Feature
Details
Minimum deposit
Many Aussie loans have 80% maximum LVRs. This means you can borrow up to 80%. But there are loans for borrowers with low deposits (that is, deposits below 20%).
Offset account?
Some of Aussie's variable rate loans come with offset accounts.
Most Aussie mortgages allow you to split your loan into fixed and variable portions.
How do I apply for an Aussie mortgage?
When applying for any home loan, you will need various documents to establish your identity, your financial situation, employment status and details about the property.
Eligibility
Each Aussie product has specific eligibility criteria but some will apply to all products. For example:
Age. You must be over 18 years of age.
Residency. You should be a resident of Australia.
Employment. You should have a regular source of income.
Documents required
When you apply for a mortgage with Aussie, you are required to provide certain information, so make sure you have all your documents ready before you apply. The documents you will be expected to provide are:
📄 Property details. You can start a loan enquiry before you've bought a property, but to complete an application, you need the address of the property and a signed contract of sale.
📄 Identification documents. You will need identification such as a driver's licence, passport or birth certificate.
📄 Proof of income documents. Recent payslips can establish your income.
📄 Asset and liability documents. You need to provide documents showing your current assets (such as savings accounts and investments) and liabilities (for example, any outstanding debt you may have).
There aren't many lenders like Aussie, being both a network of brokers and a lender – but here is a list of competitive lenders of various types to help you compare.
Athena. This digital fintech lender offers low-rate mortgages and an entirely online, convenient service.
Mortgage brokers. Still confused? Get free, expert guidance from a qualified mortgage broker.
More home loan questions
To make sure you find the right Aussie loan, you need a clear idea of what you're looking for in a mortgage. These simple questions can help:
Do you need expert help getting a loan? Because Aussie is a broker network, its brokers specialise in helping confused borrowers get a suitable home loan. This is useful if you are not sure what you're doing or have a complicated borrowing situation.
Fixed or variable? Do you want the flexibility of a variable rate loan that could rise or fall at any time? Or are you happy to lock in a fixed rate for a certain period, so you can forget about rate changes altogether?
What features do you need? You need to decide whether you need features like a 100% offset account, the ability to make extra repayments and the option to split your rate.
Home loan pre-approval is an optional step in the application process that some lenders offer. Pre-approval means a lender has examined your savings, income and spending habits, and has a rough idea of how much it could lend you. It's not the same as full loan approval and it's no guarantee that the lender will ultimately approve a full application. But it does allow borrowers to start looking for a home with more confidence and a clearer idea of their borrowing power.
Pre-approval is not something every lender offers, but many do.
Most Australian borrowers bank with one of the Big 4 banks (CommBank, ANZ, Westpac and NAB). You might have some concerns about getting a loan from a smaller lender you've never heard of, but there's no reason to worry just because you've never heard of a lender before.
In Australia, banks and lenders are regulated by the Australian Prudential Regulation Authority (APRA) or the Australian Securities and Investments Commission (ASIC) and must comply with the National Consumer Credit Protection Act.
Aussie is entirely owned by the Commonwealth Bank, Australia's largest bank.
Deciding between a fixed or variable rate depends on what you want from the loan. A variable rate loan can change at any time, either up or down. A variable rate usually offers more flexibility in how fast you can repay the loan and the cost of refinancing.
A fixed rate loan offers total certainty about your rate, for the fixed period. This means it won't rise, costing you more. But if your lender starts lowering rates, you won't benefit either. Refinancing a fixed rate loan means breaking the loan, because you've agreed to a specific rate. This means you may have to pay a fixed rate break fee.
Mortgage brokers are home loan professionals who can help you find a suitable loan. A broker typically charges you no fee, because they receive a commission from your lender. Brokers are great if you are short on time, or find the whole process of researching and applying for a home loan confusing. But you can definitely do it yourself and find a good loan. You may even find a better deal. That's because brokers don't compare loans from every lender in the market. They have access to a panel of loans and often don't have smaller online lenders in their panel.
Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification.
The Aussie Elevate Fixed Home Loan is a competitive fixed rate mortgage from Aussie. It has options for investors and home buyers and an offset account.
The Aussie Select Standard Variable Home Loan offers a competitive interest rate, penalty-free extra repayments and you can redraw as often as you like.
Find out the benefits of an Aussie Select Basic Variable Rate home loan – competitive interest rates, flexible repayment terms and no management fees.
A fixed rate means your repayments won't change. The Aussie Basic Fixed Rate Home Loan is a fully featured loan available to people purchasing their new home, refinancing from another lender or purchasing a new investment. Read on for a review of the features, fees and rates offered with this mortgage product.
Can you point us in the right direction we have been long term renter until recently. My partner is a senior on a centrelink pension, I receive a DSP pension we want to know how we can purchase our own home? Who do we talk to?
You can apply for a standard home loan, though it might be more difficult if your only source of income is coming from your pension.
Your best course of action would be to speak with a mortgage broker as this is their area of expertise and to get personalised advice. You can call or visit their website to set an appointment.
I have a current home loan and looking to refinance, I am on single parenting payment and I am unable to find anyone who will look at me even tho this is my third house and I currently have a 4 year payment history on my current loan, do you know anyone who can help?
If you are thinking of refinancing, you might be interested to estimate the cost of refinancing and compare a range of refinancing home loans that are suited for you.
Also, you can learn more about applying for a new loan when receiving government benefits from our Centrelink home loan options. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
My daughter is divorcing, husband is taking name off title deeds. I wish to go on title deeds for my daughter to keep home. What is minimum percentage that bank will allow me on deeds and do all banks want same percentage. I ask this as I will be paying stamp duty on percentage. I know that I will be required as co signer to get loan.
The minimum percentage that the lender will allow you on deeds will depend on a range of factors, so it is advisable that you contact Aussie Home Loans directly before carrying out any transfer of title or mortgage.
Stamp duty is calculated on the value of the property or land that is being transferred and is represented as a percentage. You can contact your state office of revenue for more details.
You can read more about fees and charges when transferring property within the family. You should also consider speaking to a conveyancer who will give expert and practical advice on what to do at every step of the process.
We badly need renovations and have about $30K owing with $45K redraw available. Are looking to borrow and have been told that line of credit option is best option atm. Our home is probably worth over $700K. How do I go about finding which company is best when our own bank requirements are ridiculous and no loyalty whatsoever considering we have been with them for over 20 years. We may need up to $150K.
Thank you.
You may discuss your eligibility or options from Aussie home loans by getting in touch with them directly.
You can also compare a range of line of credit home loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
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Can you point us in the right direction we have been long term renter until recently. My partner is a senior on a centrelink pension, I receive a DSP pension we want to know how we can purchase our own home? Who do we talk to?
Hi McHack,
You can apply for a standard home loan, though it might be more difficult if your only source of income is coming from your pension.
Your best course of action would be to speak with a mortgage broker as this is their area of expertise and to get personalised advice. You can call or visit their website to set an appointment.
I hope this helps!
Regards,
Richard
Hi
I have a current home loan and looking to refinance, I am on single parenting payment and I am unable to find anyone who will look at me even tho this is my third house and I currently have a 4 year payment history on my current loan, do you know anyone who can help?
Hi Main,
Thanks for your enquiry.
If you are thinking of refinancing, you might be interested to estimate the cost of refinancing and compare a range of refinancing home loans that are suited for you.
Also, you can learn more about applying for a new loan when receiving government benefits from our Centrelink home loan options. I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that’s more inclined to review your application.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
Thanks,
Belinda
My daughter is divorcing, husband is taking name off title deeds. I wish to go on title deeds for my daughter to keep home. What is minimum percentage that bank will allow me on deeds and do all banks want same percentage. I ask this as I will be paying stamp duty on percentage. I know that I will be required as co signer to get loan.
Hi Robert,
Thanks for your enquiry.
The minimum percentage that the lender will allow you on deeds will depend on a range of factors, so it is advisable that you contact Aussie Home Loans directly before carrying out any transfer of title or mortgage.
Stamp duty is calculated on the value of the property or land that is being transferred and is represented as a percentage. You can contact your state office of revenue for more details.
You can read more about fees and charges when transferring property within the family. You should also consider speaking to a conveyancer who will give expert and practical advice on what to do at every step of the process.
Thanks,
Belinda
We badly need renovations and have about $30K owing with $45K redraw available. Are looking to borrow and have been told that line of credit option is best option atm. Our home is probably worth over $700K. How do I go about finding which company is best when our own bank requirements are ridiculous and no loyalty whatsoever considering we have been with them for over 20 years. We may need up to $150K.
Thank you.
Hi Jackie,
Thanks for your question.
You may discuss your eligibility or options from Aussie home loans by getting in touch with them directly.
You can also compare a range of line of credit home loans. Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.
I also recommend getting in touch with a licensed mortgage broker. A broker can help you understand your financial position and they can leverage their panel of networks to find a lender that is more inclined to review your application.
Cheers,
Shirley
Aussie phone number for SA.
Hi Peter,
Thanks for your question.
Please refer to the link I’ve emailed you regarding contact details for Aussie.
Cheers,
Shirley