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| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.74% p.a. | 6.30% p.a. | $2,915 | Principal & Interest | Variable | $0 | $721 | 90% | |||||||||||||
5.74% p.a. | 6.30% p.a. | $2,915 | Principal & Interest | Variable | $0 | $721 | 90% | |||||||||||||
5.74% p.a. | 5.88% p.a. | $2,915 | Principal & Interest | Fixed | $0 | $721 | 90% | |||||||||||||
5.74% p.a. | 5.88% p.a. | $2,915 | Principal & Interest | Fixed | $0 | $721 | 90% | |||||||||||||
5.78% p.a. | 5.83% p.a. | $2,927 | Principal & Interest | Variable | $0 | $721 | 80% | |||||||||||||
5.79% p.a. | 5.88% p.a. | $2,931 | Principal & Interest | Fixed | $0 | $721 | 90% | |||||||||||||
5.84% p.a. | 6.34% p.a. | $2,947 | Principal & Interest | Variable | $0 | $721 | 90% | |||||||||||||
5.84% p.a. | 6.34% p.a. | $2,947 | Principal & Interest | Variable | $0 | $721 | 90% |
Important Information and Comparison Rate Warning
What you need to know about Firstmac home loans
Firstmac is one of Australia's prominent non-bank lenders, offering a variety of home loan products via its brokerage channel. It started out in 1979 when founder Kim Cannon - who remains the company's managing director - launched a business offering equipment financing. Today, it is one of the largest of its kind and remains family owned.
You might find Firstmac a good fit for your home loan needs if you:
- Want to go through a broker to secure a mortgage
Firstmac doesn't provide home loans directly to the public. To access its products, borrowers need to go through a mortgage broker or its retail arm loans.com.au. - You're after a specialty home loan product
Like many non-bank lenders, Firstmac offers many flexible products designed to suit a borrower's unique circumstances, including:- Home loans specifically for Aussie expats
- Green home loans
- Home loans for homes with solar panels
- Bridging loans
- Loans for Self-Managed Super Funds (SMSFs)
- Want access to an offset facility
While Firstmac is a non-bank (meaning it cannot take consumer deposits), it can provide offset facilities. These operate in a similar fashion to a redraw facility, but with the benefit of providing direct access to any extra repayments via a dedicated card. - Have a sustainable or solar powered home
Firstmac is one of few lenders that offer discounted interest rates for homes with solar panels, while its green home loan offering also provides lower rates to owners of sustainable homes. - Are considering buying a new home before selling your existing home
Firstmac's bridging loans offer financing for homeowners wishing to buy one property before selling another, using the funds from the sale to finance the purchase. - Appreciate borrowing through a family-owned institution
Firstmac remains family-owned and is headquartered in Brisbane. - Don't mind managing your home loan online or over the phone
Firstmac does not offer any physical branches. However, it provides support online and over the phone. - Value a non-bank lender experience
As a non-bank lender, Firstmac operates differently to traditional banks, often providing a more personalised approach and flexible lending criteria.
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The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site. Savings.com.au, InfoChoice.com.au, YourMortgage.com.au and YourInvestmentPropertyMag.com.au are part of the InfoChoice Group. In the interest of full disclosure, the InfoChoice Group is associated with the Firstmac Group. Read about how Infochoice Group manages potential conflicts of interest, along with how we get paid.
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