Well Home Loans

Self-proclaimed modern online home loan provider is Well Home Loans, a family owned and locally operated online lender. Based on the model of simple, no gimmicks service as a direct to customer approach to home loan lending.

Without a physical branch, Well avoids the large overheads of the big four banks and prides themself on being an independent funding source for home buyers. Don’t mistake these guys for new kids on the block – the team at Well have around 40 years experience.

Based in Melbourne, the Well team aims to keep the home loan experience easy to understand for its customers and promise to pass on the savings made from their low overheads by offering competitive rates.

Well Home Loans

Well Balanced - LVR up to 80%

Rate 2.17
Rate 2.20

Well Balanced - LVR up to 90%

Rate 2.52
Rate 2.55

Well Balanced Fixed Rate


Well Balanced Investor - LVR up to 80%

Rate 2.24
Rate 2.27

Well Balanced Investor - LVR up to 90%

Rate 2.87
Rate 2.90


What products does Well Home Loans offer to its customers?

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


What Home Loans can you get through Well Home Loans?

Currently Well offer three types of home loans that we have detailed below.

  • Well Home Loans Balance Fixed Home Loan – designed for the owner occupier with a  10% deposit, this loan offers a sharp fixed rate for the first year plus the option of an offset account.
  • Well Home Loans Balanced Fixed Home Loan – offerings competitive three year investor rate with both principal and interest repayments. This can not be used for construction purposes, and it does come with the option to add on an offset account for a $10 fee per month.
  • Well Home Loans Balanced Variable – best suited to the home owners with a decent deposit of minimum 20%, owner occupiers here can add an offset account for a small monthly fee. 


How is Well different to other home loan lenders?

Well offers to pre-qualify you without an upfront credit report. In fact you can check if you qualify for a home loan in just 60 seconds online – for both new loans and to refinance your current home loan.

Well promise to offer great features at a great rate and offer you their lowest interest rate from day one. They also allow extra repayments and have options like 100% offset and will tailor options to your news. There are also options to 90% LVR if needed.

Their owner occupied rates start from 1.89% interest rate p.a. to a 2.18% comparison rate. Investors can enjoy interest rates from 2.24% p.a. to a 2.27% comparison rate. You can also split your loan into both fixed and variable portions. 


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

  • Cuts out the middleman – Well lend directly to you, the customer, which means they can cut out many of the extra costs associated with the mortgage process. They believe this ensures customers get the best rates possible on their home loans.
  • Transparency – Well offers transparency without any of the added costs of other lenders
  • Wellhub – Well offer an online hub with education and resources to help you understand the home buying process, especially coming from a renters perspective. 
  • Try before you buy – you can trial everything these days so why not your home loan? Well will send you a personalised borrowing scenario before you have to sign anything. There are also no upfront credit reports until you go ahead.
  • Online only – Well 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.


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

Start on the Well Home Loans website and click through to their pre-approval process. Each loan product has specific lending criteria to qualify for a loan, but there are a few basics which you must possess. Basic criteria includes being at least 18 years of age, proof of Australian residency and a regular source of income. 

The application process will require a few documents such as a proof of income, identification documents and any asset and liability documents. 

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