Freedom Lend

Based in Melbourne, Freedom Lend is made up of a team of passionate consultants who offer a non-bank product. As a 100% online business, Freedom Lend offers home loans at both fixed and variable home loan offerings.

Freedom Lend strives to bring financial freedom to their customers by providing guaranteed customer service and competitive products.

Founded in Melbourne, Freedom Lend is proudly 100% Australian owned and operated. They cater to both first home buyers, next home buyers, refinancers and investors.

What products does Well Home Loans offer to its customers?

Please see the table below for a list of available products.

Freedom Lend

Investment Construction Variable P&I 80%

Variable
Rate 2.64
Comparison
Rate 2.67

Investment Construction Variable P&I 90%

Variable
Rate 3.45
Comparison
Rate 3.47

Investment Fixed 1Yr IO 70%

Variable
Rate
Comparison
Rate

Investment Fixed 1Yr IO 80%

Variable
Rate
Comparison
Rate

Investment Fixed 1Yr IO 90%

Variable
Rate
Comparison
Rate

Investment Fixed 1Yr P&I 70%

Variable
Rate
Comparison
Rate

Investment Fixed 1Yr P&I 80%

Variable
Rate
Comparison
Rate

Investment Fixed 1Yr P&I 90%

Variable
Rate
Comparison
Rate

Investment Fixed 2Yrs IO 70%

Variable
Rate
Comparison
Rate

Investment Fixed 2Yrs IO 80%

Variable
Rate
Comparison
Rate

Investment Fixed 2Yrs IO 90%

Variable
Rate
Comparison
Rate

Investment Fixed 2Yrs P&I 70%

Variable
Rate
Comparison
Rate

Investment Fixed 2Yrs P&I 80%

Variable
Rate
Comparison
Rate

Investment Fixed 2Yrs P&I 90%

Variable
Rate
Comparison
Rate

Investment Fixed 3Yrs IO 70%

Variable
Rate
Comparison
Rate

Investment Fixed 3Yrs IO 80%

Variable
Rate
Comparison
Rate

Investment Fixed 3Yrs IO 90%

Variable
Rate
Comparison
Rate

Investment Fixed 3Yrs P&I 70%

Variable
Rate
Comparison
Rate

Investment Fixed 3Yrs P&I 80%

Variable
Rate
Comparison
Rate

Investment Fixed 3Yrs P&I 90%

Variable
Rate
Comparison
Rate

Investment Fixed 4Yrs IO 70%

Variable
Rate
Comparison
Rate

Investment Fixed 4Yrs IO 80%

Variable
Rate
Comparison
Rate

Investment Fixed 4Yrs IO 90%

Variable
Rate
Comparison
Rate

Investment Fixed 4Yrs P&I 70%

Variable
Rate
Comparison
Rate

Investment Fixed 4Yrs P&I 80%

Variable
Rate
Comparison
Rate

Investment Fixed 4Yrs P&I 90%

Variable
Rate
Comparison
Rate

Investment Fixed 5Yrs IO 70%

Variable
Rate
Comparison
Rate

Investment Fixed 5Yrs IO 80%

Variable
Rate
Comparison
Rate

Investment Fixed 5Yrs IO 90%

Variable
Rate
Comparison
Rate

Investment Fixed 5Yrs P&I 70%

Variable
Rate
Comparison
Rate

Investment Fixed 5Yrs P&I 80%

Variable
Rate
Comparison
Rate

Investment Fixed 5Yrs P&I 90%

Variable
Rate
Comparison
Rate

Investment Special Variable P&I 80%

Variable
Rate 2.64
Comparison
Rate 2.64

Investment Variable IO 70%

Variable
Rate 2.57
Comparison
Rate 2.64

Investment Variable IO 80%

Variable
Rate 2.77
Comparison
Rate 2.84

Investment Variable IO 90%

Variable
Rate 3.07
Comparison
Rate 3.14

Investment Variable P&I 70%

Variable
Rate 2.27
Comparison
Rate 2.27

Investment Variable P&I 80%

Variable
Rate 2.47
Comparison
Rate 2.47

Investment Variable P&I 90%

Variable
Rate 2.77
Comparison
Rate 2.77

Owner Occupied Construction Variable P&I 80%

Variable
Rate 2.45
Comparison
Rate 2.48

Owner Occupied Construction Variable P&I 90%

Variable
Rate 3.19
Comparison
Rate 3.22

Owner Occupied Fixed 1Yr IO 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 1Yr IO 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 1Yr IO 90%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 1Yr P&I 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 1Yr P&I 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 1Yr P&I 95%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 2Yrs IO 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 2Yrs IO 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 2Yrs IO 90%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 2Yrs P&I 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 2Yrs P&I 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 2Yrs P&I 95%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 3Yrs IO 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 3Yrs IO 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 3Yrs IO 90%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 3Yrs P&I 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 3Yrs P&I 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 3Yrs P&I 95%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 4Yrs IO 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 4Yrs IO 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 4Yrs IO 90%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 4Yrs P&I 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 4Yrs P&I 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 4Yrs P&I 95%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 5Yrs IO 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 5Yrs IO 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 5Yrs IO 90%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 5Yrs P&I 70%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 5Yrs P&I 80%

Variable
Rate
Comparison
Rate

Owner Occupied Fixed 5Yrs P&I 95%

Variable
Rate
Comparison
Rate

Owner Occupied Special Variable P&I 80%

Variable
Rate 2.45
Comparison
Rate 2.45

Owner Occupied Variable IO 70%

Variable
Rate 2.27
Comparison
Rate 2.33

Owner Occupied Variable IO 80%

Variable
Rate 2.47
Comparison
Rate 2.54

Owner Occupied Variable IO 90%

Variable
Rate 2.77
Comparison
Rate 2.84

Owner Occupied Variable IO 95%

Variable
Rate 3.07
Comparison
Rate 3.14

Owner Occupied Variable P&I 70%

Variable
Rate 1.97
Comparison
Rate 1.97

Owner Occupied Variable P&I 80%

Variable
Rate 2.17
Comparison
Rate 2.17

Owner Occupied Variable P&I 90%

Variable
Rate 2.47
Comparison
Rate 2.47

Owner Occupied Variable P&I 95%

Variable
Rate 2.77
Comparison
Rate 2.77

SMSF Variable IO 65%

Variable
Rate 4.89
Comparison
Rate 5.51

SMSF Variable IO 70%

Variable
Rate 5.04
Comparison
Rate 5.66

SMSF Variable P&I 65%

Variable
Rate 4.49
Comparison
Rate 5.04

SMSF Variable P&I 70%

Variable
Rate 4.64
Comparison
Rate 5.18

SMSF Variable P&I 75%

Variable
Rate 4.89
Comparison
Rate 5.43

What type of Home Loans can you get through Freedom Lend?

Freedom Lend offers a number of home loan products to suit your particular needs. The home loans on offer include loans for:

  • First home buyers
  • Next home buyers
  • Investment loans
  • Refinancing and loan consolidation
  • Construction loans
  • SMSF

Broadly speaking Freedom loans tend to fall into four categories: variable, fixed, construction or SMSF.

How is Freedom Lend different to other home loan lenders?

Freedom Lend is an online only lender which means they can avoid many of the overheads in traditional home lenders, and therefore pass along the savings to its customers through low interest rates.

What are some of the positives of taking out a home loan with Freedom Lend?

  • by dealing directly with you and without overheads Freedom Lend can pass along many of the great savings to the customer.
  • Smaller deposits welcome – Freedom Lend can accommodate prospective customers who have a smaller deposit.
  • Competitive interest rates – As part of their online-only business model Freedom Lend can stay competitive when stacked up against the big four banks.

What are some things to consider before taking out a home loan with Freedom Lend?

  • Online only – Freedom Lend is a 100% online institution meaning you get access to the savings on overheads. However, for those who like a physical in branch experience this may be a consideration. Melbourne based customers can have in person meetings with Freedom consultants if preferred.
  • Fees – some of the loan products through Freedom Lend have hefty exit fees

How do I apply for a home loan with Freedom Lend?

The application through Freedom Lend is relatively straightforward and takes place online. Assuming you are over 18 years of age, an Australian resident and can demonstrate a regular source of income the application shouldn’t be too time consuming.

Ensure you have your proof of income documents like payslips, as well as appropriate identification documents and any documents showing both your assets and liabilities.

How long does the loan application process take with Freedom Lend?

Although timelines do vary, Freedom Lend offer an approximate timeline on the loan application process. It’s worth calling the team about your specific circumstances to see if they differ from the standard time taken for loans.

Once you apply with Freedom Lend and supply all relevant documents to the Freedom Lend team via their website, you will wait one business day before hearing back from the team. At this point they may ask for any additional documents or requirements, or you will be submitted for loan approval.

Loan approval process takes one business day, at which point there may be additional documentation needed. If not, it will pass to the review process for approval which takes five business days.

After five business days if you are granted conditional approval, you will then move into the valuation of purchase. The valuation takes four business days after which you will be granted unconditional approval and move towards settlement.

Compare Freedom Lend home loan rates with other home loans in Australia.