RAMS home loans

RAMS is a home loan lender headquartered in Sydney. RAMS was formed in 1991 as ‘Registered Australian Mortgage Securities.’ In 1995, RAMS home loans entered the retail market, and in 2008, the RAMS brand and distribution business was bought by Westpac Banking Corporation.

RAMS is known for providing flexible, simple home loan products to everyday Australians. It offers a wide variety of mortgages, including options for investors, re-financers, first home buyers, and self-employed borrowers.

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Mark Bristow

Personal Finance Editor

Content updated

22 Jul, 2022

Product data updated

21 Dec, 2024

Why choose RAMS

Benefits

Variety of home loan products.
Caters for people with specific needs.
Offers discounts on the interest rate by packaging with the Value Advantage Package.

Drawbacks

Some products include fees.

Home Loans calculator

Use our home loan calculator to see how much you’d have to repay under different borrowing scenarios.

Your estimated mortgage repayments

Total interest

Total repayments

How much can I borrow?

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All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
It is assumed that data entered into the calculator, including interest rates, do not change for the lifetime of the loan - unless specified.
The Present Value provided by this calculator is displayed as the amount labelled 'Loan amount'.
At the end of the interest-only period, the rate may change. For this calculation, rate switches to the current rate.
The current rate is today’s average big 4 owner occupier advertised discounted variable rate (LVR 80%), unless you have inserted your own rate.
Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.

Months are assumed to be of equal length. However, given some months are longer than others, interest charged may vary depending upon the month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
The calculator uses the unrounded repayment to derive the home loan summary line graph and repayment schedule. However, institutions may round repayments to the nearest cent.
Your final mortgage repayments or borrowing amount will depend on your lender’s eligibility criteria among other factors.
Calculator does not include the cost of fees or other extra charges.
Calculator does not account for changes to interest rates over time.
This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances. Consider whether you need financial advice from a qualified adviser.
After the interest only term ends, your repayments will change based on the current* interest rate. This rate is subject to change. Read our full disclaimer.

Contact a mortgage broker

RAMS home loans are available through brokers who can help find the right loan and manage your application at no charge.

Aileen Ho

NSW2000

Customer Representative Number: 392035

5.0

136 Google reviews

Get expert advice from a home loans specialist.

Aileen has over 10 years of banking experience across the two major banks, Westpac and ANZ and as a Mortgage Broker sinc...

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RAMS customer service

Home Loan customers can contact RAMS by calling the customer service hotline seven days a week or by requesting a call back through the online contact form. They can also request a meeting with a local home loan specialist or by pop into one of the RAMS home loan centres.

Customer service centre (phone, email, branch)
Mobile app
Online banking
Mobile banking staff

How to Apply

Customers wanting to apply for a RAMS home loan can do so by filling out an online enquiry form, calling the hotline or by visiting a RAMS Home Loan centre. Before applying for a home loan it is advisable to think about how much money you could conceivably borrow given your financial situation and income. You will also need to provide documentation when applying for a home loan. This may include:

Personal identification material.
Proof of income – whether you are self-employed or work for an employer.
Information regarding your current debts, liabilities and assets including any personal or car loans.

About RAMS home loans

RAMS is a home loan lender that caters to a wide selection of mortgage borrowers in Australia, including:

First home buyers
Upgraders
Investors
Refinancers (including those looking for Lines of Credit)
Self-employed

RAMS home loans also come with a range of interest rate and payment options:

Variable rate
Fixed rate
Principal-and-interest home loans
Interest-only home loans

If customers choose to package their RAMS home loans, they have the potential to save on fees and have their interest rates discounted. Depending on the RAMS home loan, customers have access to offset accounts and redraw facilities. Some RAMS home loans give customers the opportunity to make extra repayments.

RAMS home loan rates tend to be in the middle of the market for both investors and owner-occupiers. RAMS interest rates tend to fall between moderately low and moderately high.

RAMS home loan rates

RAMS home loan rates vary from product to product, but they tend to be fairly competitive. While RAMS home loan rates are not the cheapest on the market, they’re not the most expensive either.

As a general rule, owner-occupiers are given lower interest rates than investors, and customers who pay principal-and-interest pay lower rates than those paying interest-only. Borrowers with lower LVRs get lower interest rates than those with high LVRs.

RAMS home loan interest rates also differ between variable interest rates and fixed interest rates. Interest rates can be fixed for one, two, three, four, five, or ten years. Generally, the longer you want to fix, the higher the interest rate will be.

Interest rates also vary between lines of credit and standard home loans. RAMS lines of credit typically have higher interest rates than their home loans.

RAMS home loans review

While the RAMS home loan offering may be thinner than those of the big four banks, RAMS loans cater to a variety of borrowers in Australia. You can find RAMS home loans suited to owner-occupiers, investors, and refinancers.

RAMS offers competitive rates on ‘vanilla’ home loans, but also offers more specialised home loans, like lines of credit.

RAMS home loans can be principal-and-interest or interest-only, and borrowers can also choose between variable and fixed interest rates.

While RAMS home loan rates tend to sit somewhere between moderately low and moderately high, its fees tend to be at the higher end of the spectrum. Those fees include application fees and annual service fees. Fees may also apply for ATM withdrawals, cash withdrawals, and cheque use.

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About our expert

Mark Bristow

Personal Finance Editor

Mark Bristow is RateCity's Home & Personal Finances Editor, and an experienced analyst, researcher, and producer. While primarily focused on Australian mortgage and home loan expertise, he has experience across energy, home and travel insurances. Mark has been a journalist and writer in the financial space for over ten years, previously researching and writing commercial real estate at CoreLogic. In the years since, Mark has worked for the Winning Group, Expedia, and has seen articles published at Lifehacker and Business Insider.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

RAMS home loans

Why choose RAMS

Benefits

Drawbacks

RAMS Home Loans