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loans.com.au review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

loans.com.au suits Australian borrowers who want a home loan with no product fee. The bare loan carries a product fee of AUD 0, but its APRC of 5.98% sits above the 4.91% median, so cheaper rivals may repay less over the life of a loan.

Key facts

Best for
An Australian home loan with no product fee.
Initial rate
5.94%↗
APRC
5.98%↗
Fixed period
1 to 5 years↗
Maximum loan to value
90%↗
Product fee
A$0↗
Purpose
Purchase, Remortgage, First-time-buyer, Buy-to-let↗
Legal entity
loans.com.au Pty Ltd (ACN 082 587 095)↗
Headquarters
Australia↗
Founded
2011↗
Support channels
Email, Chat, Phone, Help-centre↗
Official website
loans.com.au

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInfacebook.com

Pros and cons

Pros

  • The bare home loan carries a product fee of AUD 0, so there is no upfront charge listed
  • Loans run for purchase, remortgage, first-time-buyer and buy-to-let purposes, all named as purchase, remortgage and first time buyer
  • Support covers email, chat and phone, including phone and a help centre
  • Maximum loan to value of 90% ranks 79 out of 313

Cons

  • An APRC of 5.98% sits above the 4.91% median, so repayments run higher than cheaper loans
  • The fixed period runs 1 to 5, short of the 10 median, so you are exposed to rate moves sooner
  • The initial rate of 5.94% ranks 196 out of 316, near the back of the field
loans.com.au

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Scored 8.8 / 10 by SumCue.

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Who it suits

  • Australians buying a home or switching lenders who want a fee-free starting product
  • Borrowers comfortable researching and applying for a basic variable loan themselves
  • First-time buyers and buy-to-let landlords, both named under purchase, remortgage and first time buyer

Who should look elsewhere

  • Buyers wanting the cheapest headline rate, where Sofkredit at 8% to 14% and Prestalo at 2.36% quote lower figures
  • Borrowers who need a long fixed period, since 1 to 5 is short

Where it sits among rivals

On the annual percentage rate, this bare loan places 98 out of 152 brands, well behind the 4.91% median. Its initial rate of 5.94% sits at 196 of 316, among the weakest. The one place it leads is lending up to 90%, ranking 79 of 313 against a 90% median.

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 bare home loan cost?+

The bare home loan lists a product fee of AUD 0, so there is no upfront charge on that product. Its APRC is 5.98% and the initial rate is 5.94%. Those rates sit above the 4.91% median on the site, so monthly repayments will not be the lowest available.

How long can I fix my rate for?+

The fixed period runs 1 to 5. That is shorter than the 10 median fixed period across the mortgages on the site, so a rate rise could reach you sooner than with a longer fix.

How much can I borrow?+

Lending runs to a maximum loan to value of 90%. That ranks 79 out of 313 brands on this measure and matches the 90% median, so borrowing capacity is solid for buyers with a reasonable deposit.

What can I use the loan for?+

The stated purposes are purchase, remortgage and first time buyer: purchase, remortgage, first-time-buyer and buy-to-let. That covers the main needs of most applicants, from a first home to an investment property or a switch to a different lender.

Who regulates this lender?+

It holds an Australian credit licence in Australia, listed with the issuer not named on the page and the licence recorded as 395219. The operating entity is loans.com.au Pty Ltd (ACN 082 587 095), based in Australia.

How can I get help?+

Support runs through email, chat and phone, covering email, chat, phone and a help centre. Phone and email are the most common routes among the brands on the site, so a phone call is a normal route to an answer.

When was the company founded?+

The company was founded in 2011 and is registered as loans.com.au Pty Ltd (ACN 082 587 095). Its headquarters are in Australia, and it holds an Australian credit licence, so it is set up to operate as an Australian lender.

Sources

  • loans.com.au checked September 26, 2026

    Backs: Purpose, Support channels, Licences

    “Refinancing home loan ... Buying my home ... Buying my first home ... Investment home loans”

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

    Backs: APRC, Initial rate, Maximum loan to value, Product fee

    “Variable Bare Home Loan 5.98 % p.a Comparison rate*”

  • 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 5 source pages, checked September 26, 2026. We did not open an account.

loans.com.au

loans.com.au

An Australian home loan with no product fee.

8.8/10See alternatives