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The Well Balanced
home loan

Our best rate and with the balance of great features.

Interest rates start from

Interest Rate
3.49% p.a.*
Comparison Rate
3.53% p.a.*

It's just well balanced

We love our Low Rate, complemented with features, including the ability to offset your interest. Maybe our Well Balanced product is just right for you?

What do you get with something so balanced?

  • Unlimited Redraw access
  • Optional 100% interest offset sub-account with Visa debit card access
  • Weekly, fortnightly or monthly payments
  • Purchase, Refinance or Equity Release purposes allowed
  • Consolidate up to 4 debts
  • Borrow up to 95% of the security property value

Who fits the balanced scenario?

The Well Balanced product is perfect for those who have a good credit history and can provide evidence of their income. Some of the scenarios that fit nicely include:

  • PAYG Income - You've been in your current employment for 6 months, or in the same industry for 12 months. We can even consider if you’re under probation
  • Self Employed - You can prove at least 2 years of trading
  • Clean Credit - You've met all your credit obligations, including those phone and utility bills

What does "from" really mean?

You may have noticed our headline interest rate, but wondered what the "from" means. We like being transparent, so here's what that really means.

Interest rate start from

3.49% p.a.
Interest Rate
3.53% p.a.
Comparison Rate

But can go up to

5.35% p.a.
Interest Rate
4.73% p.a.
Comparison Rate
Apply for this loan now »

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. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.

Why the big difference?

For our range of specialist home loan products, the interest rate that applies to your situation is impacted by the overall LVR of the loan that you’re applying for. For a higher LVR loan, the interest rate is higher to reflect a higher level of risk that might be involved. Other things that might impact your interest rate include whether or not you are after an interest only loan, which is higher again than a principal and interest rate loan.

Keep on reading and use our handy tools to see if this is the right product for you.

And what about fees and charges?

Now for the fees and charges bit. Every loan will attract some fees, however if your loan is fully approved we'll give you a complete breakdown of the fees and charges in the loan contract. But for now, here's the low down.

Application Fee:

$250 for Owner Occupied, $499 for Investment


Valuation Fee:

$0


Mortgage Insurance:

Not required for loans up to 80% LVR


Monthly Administration Fee:

$0 per month. (If an offset account suits your needs, that is $10 per month).


Legal Fee:

From $350, additional disbursements may cost more, but we'll let you know in the loan contract.


Settlement Fee:

From $250.


Discharge Fee:

$300 per loan.

Is the Well Balanced product right for me?

Determining if this product is right for you depends on a number of factors including your credit history, loan amount, property location and employment situation. Our scenario tools will help you to better understand your situation and which Well Home Loans product is most suitable.

If you're refinancing

Use our refinance scenario to determine the most suitable product & understand your switching costs.

If you're purchasing

Use our purchase scenario to understand your borrowing capacity and the most suitable product.

Convinced this is the right one?

If you're ready to jump in and start the process, you can do that easily right here!

Skip the marketing and apply now »

So you're a product specs kind of person?

Ok, so you've read through all the marketing above and while we think this is a great product, you just want to dig into the product a little deeper? That's cool, we get it. We always read the in depth specs before we jump in too.

Take a look at the product specs for this loan »

How we assess your situation

Most other lenders have rigid eligibility criteria, and if you don't fit their mold then you don't qualify for a loan. At Well, we've tailored home loans that can fit different situations.

What you earn

We look at what you earn over a different period of time than a traditional lender. This can suit those that show irregular income over shorter time frames.

What you owe

Using rough percentages isn't the best way to work out exactly what you owe to other people. We get the right information to help you see the bigger picture.

What you spend

Looking at what you actually spend rather than just relying on benchmarks means we know more about your situation. Who even has 2.3 kids anyway?

What's your history

No Credit Scoring! We look at each record on your credit report to get a proper picture of you and your credit history. We don't like to put a score on people's lives.

Our disclaimers and things you should know

We like to be as transparent as possible. So when we put little asterisks or marks next to things, there's definitely some things that you should know. We've got them all laid out right here for you!

* Comparison rate warning

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. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.

* Interest rate warning

Interest rates current as at the following date: Sunday 21st, April 2019. Interest rates that are quoted are current at the date above. Interest rates are subject to change at any time without notice. The actual interest rate on your home loan will be quoted at the time of settlement along with the actual repayment amounts. Interest Rates may change between the time of your application and settlement of your loan due to market conditions. If you have paid a Rate Lock Fee, the rate provided will be listed on your letter of offer and will take effect upon acceptance and payment of the rate lock fee.

Discover the right solution for you

We're not a stuffy old bank. We're a modern online home loan provider.