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Rate Cutter Home Loan (LVR < 60%)

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    Important Information and Comparison Rate Warning

    Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of December 2, 2023.

    Reduce Home Loans is a multi-award-winning Australian owned and operated home loan provider that has been in operation since 2010. It is primarily online, which means fewer overheads converting directly into lower interest rates and costs for its customers. It does this while maintaining premium featured products.

    As Reduce Home Loans is an online-only lender, customers would not have access to brick-and-mortar branches. However, you can contact this lender by calling the customer contact centre, emailing it directly, or by filling out an enquiry form on its website. You can also chat with a support representative through its website.

    Reduce Home Loans has been passionate about helping its customers find not only the lowest Interest rates in the market but also home loans that are tailored to their individual needs. Its home loan products come with features such as free extra repayments, flexible repayment schedule and split rate option.

    As a way of giving back to the community, this lender seeks out a new charity or fundraising project to support each week.

    Reduce Home Loans understands that applying for a home loan can sometimes be quite stressful or overwhelming, so it has simplified the application and approval process, making them faster and easier. When you apply for a home loan, you will be assigned your own personal finance manager who would be available to guide you throughout the process.

    To be able to apply for a home loan with Reduce Home Loans, you must be over 18 years old and meet Reduce’s lending guidelines. You can give this lender a call or fill out the form on its website to enquire about a home loan. When you do, they will assess your eligibility and get in touch to talk you through the home loan application.

    In most cases, your home loan manager will be able to give you a conditional approval within 48 hours. But how quickly you get full approval depends on how promptly you are able to provide the necessary documentation to support your application.

    When you apply for a home loan at Reduce Home Loans, make sure you have the following:

    • ID
    • Proof of employment and income (payslips or bank statements)
    • A list of your assets, debts and liabilities

    Collections: