Reduce Home Loans

Reduce Home Loans are an Australian-owned Non-Bank Lender. They source wholesale funding from institutional investors and wholesale banks to offer a low rate of interest and low fee home loan option for consumers.

Reduce offers each customer a Personal Finance Manager who will take you through all of the steps needed to apply for a home loan. Reduce are not brokers or banks, instead they are a licenced finance brokerage that sources home loans from a variety of lenders.

Since 2010 Reduce have been a multi award winning Home Loan Company to offer some of the lowest interest rates on the market, whilst tailoring loans to suit an individuals needs.

Reduce Home Loans

Reduce Home Loans are an Australian-owned Non-Bank Lender. They source wholesale funding from institutional investors and wholesale banks to offer a low rate of interest and low fee home loan option for consumers.

Reduce offers each customer a Personal Finance Manager who will take you through all of the steps needed to apply for a home loan. Reduce are not brokers or banks, instead they are a licenced finance brokerage that sources home loans from a variety of lenders.

Since 2010 Reduce have been a multi award winning Home Loan Company to offer some of the lowest interest rates on the market, whilst tailoring loans to suit an individuals needs.

1 Year Fixed Wealth Maximizer

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Rate
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Cash Back Hero

Variable
Rate 2.19
Comparison
Rate 2.24

Economizer Variable

Variable
Rate 1.89
Comparison
Rate 1.94

Ezy SMSF 60 Metro

Variable
Rate 3.69
Comparison
Rate 4.20

Ezy SMSF 60 Regional

Variable
Rate 4.69
Comparison
Rate 5.18

Ezy SMSF 65 Metro

Variable
Rate 3.79
Comparison
Rate 4.30

Ezy SMSF 70 Metro

Variable
Rate 3.89
Comparison
Rate 4.40

Ezy SMSF 75 Metro

Variable
Rate 3.99
Comparison
Rate 4.49

Ezy SMSF 80 Metro

Variable
Rate 3.99
Comparison
Rate 4.49

Home Owners Dream 4 Year Fixed

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Home Owners Dream 5 Year Fixed

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Home Owners Dream 1 Year Fixed

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Home Owners Dream 2 Year Fixed

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Home Owners Dream 3 Year Fixed

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Investor Cash Back Hero

Variable
Rate 2.49
Comparison
Rate 2.54

Investor Rate Lovers

Variable
Rate 2.29
Comparison
Rate 2.36

Investor Rate Lovers Interest Only

Variable
Rate 2.59
Comparison
Rate 2.64

Investor Rate Slasher

Variable
Rate 2.09
Comparison
Rate 2.16

Low Rider Variable

Variable
Rate 1.99
Comparison
Rate 2.08

Plus SMSF 70

Variable
Rate 4.69
Comparison
Rate 5.19

Prime SMSF 60 Metro

Variable
Rate 4.09
Comparison
Rate 4.56

Prime SMSF 60 Regional

Variable
Rate 4.89
Comparison
Rate 5.34

Prime SMSF 65 Metro

Variable
Rate 4.24
Comparison
Rate 4.70

Prime SMSF 70 Metro

Variable
Rate 4.39
Comparison
Rate 4.85

Prime SMSF 75 Metro

Variable
Rate 4.54
Comparison
Rate 4.99

Prime SMSF 80 Metro

Variable
Rate 4.69
Comparison
Rate 5.14

Rate Cutter Variable

Variable
Rate 1.79
Comparison
Rate 1.88

Rate Slasher

Variable
Rate 2.59
Comparison
Rate 2.61

Specialist SMSF 65

Variable
Rate 5.49
Comparison
Rate 5.82

Specialist SMSF 75

Variable
Rate 5.69
Comparison
Rate 6.02

Specialist SMSF 80

Variable
Rate 5.79
Comparison
Rate 6.12

Super Saver 60 Variable

Variable
Rate 1.77
Comparison
Rate 1.86

Super Saver Cash Back Variable

Variable
Rate 2.19
Comparison
Rate 2.26

Super Saver Variable

Variable
Rate 1.77
Comparison
Rate 1.86

What products does Reduce Home Loans offer to its customers?

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

 

What type of Home Loans can you get through Reduce Home Loans?

Reduce 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

What Owner Occupied Home Loans can you get through Reduce Home Loans?

Reduce offer close to 20 home loan options at time of writing. A sample of these loans include: 

  • Super Saver 60 – designed for the owner occupier with a  max LVR of 60% offering an offset account and extra repayments.
  • Rate Cutterunlimited extra repayments anda  full redraw facility can help you cur your rate and repayments with flexible rate. Take advantage on this for purchases and refinances up to 60% LVR. Optional 100% offset account.
  • Cash Back Home loansreduce offer a number of cashback options that cater up to 80% LVR, and offer rates from 2.29% variable on the Super Saver Cash Back Variable.

What investment Home Loans can you get through Reduce Home Loans?

Some of the investment loan options include:

  • Investor Rate Slasher Cash Back – gives investors options for split loans, no ongoing fees, 100% offset available with full and free redraw and available cash back.
  • Investor Rate Loversvariable interest rates of 2.39% p.a. with the ability to borrow up to 90% LVR, full redraw facility, interest only options and no fees.
  • 3 Year Fixed Wealth Maximizer (Interest Only)offering 2.79% p.a. fixed for three years on loans up to $3.5 million, with a 100% offset account available.

How is Reduce different to other home loan lenders?

Reduce is a licenced and regulated brokerage, meaning they source loans from a variety of existing Australian lenders. They currently have funding lines from close to 30 accredited funders. 

As a completely online business with everything run from the Reduce head office, there is less overheads which means cheaper rates for customers. The team promises top notch customer service from a team of industry specialists. 

The real difference is what Reduce dubs their “online lending convenience”. This means they’re streamlining processes to try and make the application process easier. As a prospective customer you can chat directly to a qualified Personal Finance Manager on live chat, and get no-obligation free advice to answer your lending questions before applying.

 

What are some of the positives of taking out a home loan with Reduce Home Loans?

  • Low rates – Reduce offer low rates by sourcing funding through wholesale lenders through securitisation.
  • Support – when partnering with Reduce you will get the same person supporting you and giving customer service from your very first contact. Never get a random call centre person again.
  • Online only – Reducel is a 100% online institution meaning you get access to the savings on overheads. However, for those who like a physical or in person experience this may be a consideration.

 

How do I apply for a home loan with Reduce Home Loans?

You can call the Reduce team to chat to one of their accredited Personal Finance Managers who can complete what is called a serviceability check. They can also answer any questions you might have, and then send you the right focus you need to complete and send back as part of your application.

Your Personal Finance Manager will set you up with a digital portal to help you communicate and send across all of the necessary paperwork and documents. Your Personal Finance Manager will submit your paperwork to Credit Approval Officers for your conditional approval.

Once you have conditional approval and any valuations have been completed, then you will be formally approved through your Personal Finance Manager before settlement. Settlement is typically between 6 weeks and 3 months for a Reduce loan product.

Compare Reduce Home Loan rates with other home loans in Australia.