Home loans that love you back

We put a lot of love into our homes – it’s where we raise families, build lives, and keep precious memories. So why not try to find a mortgage that offers you as much love in return as you put into your home?

Cashback home loans

One of the simplest and most common ways at present to be rewarded for your home loan is to choose a mortgage with a cashback offer. A wide range of different lenders have home loan cashback deals available – many of them for refinancers only, but some for new customers.

Home loans with waived fees

Another way to get some love from your home loan is if it reduces your upfront or ongoing costs. Some banks may offer to waive their home loan fees, such as the Smart Home Loan from loans.com.au that charges no application or ongoing fees. Other lenders may find other ways to help reduce your upfront costs, such as the No Regrets Home Loan from Hunter United, which charges no valuation fee or upfront fee for first home buyers.

Home loans with bonus points

Some mortgage lenders offer similar rewards programs as those you’d find with certain popular credit cards. You may be offered a sizable number of bonus points when you sign up for a home loan, or you may even be able to earn points over the life of the loan, such as with the Qudos Bank Qantas Points home loan.

Home loan package deals

Bundling your home loan with other banking products and services can help make a big difference to your finances. More commonly offered by larger banks, these package deals may let you enjoy discounts and rewards on other services, such as savings accounts or credit cards, when you apply with them alongside your home loan. You may also be able to get discounts on other services, such as the 15 per cent off home and contents insurance offered with RACQ Bank’s Mortgage Saver Special Home Loan.

Home loans with discounted interest rates

Another simple way your home loan can reward you is with a discounted interest rate. Some lenders will offer to slash your rate for a limited time as an introductory offer (such as with the Classic Home Loan from Teachers Mutual Bank), while others may apply a discount for the full life of your loan. Make sure you know the terms and conditions before you sign on the dotted line, and be aware that when the “honeymoon rate” period comes to an end, you’ll likely revert to higher payments – beware of bill shock.

Compare home loans in Australia