Homeloans Accelerate Homeloans Accelerate LVR >80% up to 85%

  • 6.64%
    p.a Standard Variable
  • 6.73%
    p.a Comparison**
  • $1,339
    Upfront fees
  • $180
    Annual fees
  • 85%
    Max Lvr
  • $2,409
    Per Month*

About Homeloans

Homeloans has provided Australians with an alternative to banks for their home finance since 1985. They specialise in home loans, and have a wide range of products to meet the needs of all customers, from first home buyers to investors. Homelaons were listed on the Australian Securities Exchange (ASX) in 2001, and today their major shareholders include National Australia Bank and Macquarie Bank. They pride themselves on quality award-winning service.

Standard Variable

Repayments calculated to take into account ongoing monthly and anual fees.

Monthly repayment*
rate per annum

Loan to Value Ratio

Borrow up to the maxium of 85% of the value of the property.

Lenders Mortgage Insurance, or LMI, will be payable on most loans where the borrowings are greater than 80% of the value of the property.

However, you may be able to capitalise LMI into your loan, increasing the overall loan amount by about 2% (in order to cover the cost of the insurance). Contact a loan market broker to find out how LVR and LMI might impact the cost of your loan repayments.

Capitalise LMI


For ["Equity", "Investment", "Owner Occupied"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

10 - 40 years


The level of financial documentaion and credit history required to apply for the loan.

Full Doc
Credit History
Non Conforming
Genuine Saving
Not Required

Redraw Facility

Get quick access to cash by drawing on the loan to pay for renovations or other purchases.

Redraw Facility
Min Redraw
Redraw fee

Banking Features

Given the wide range of loans on offer – with different interest rates, product features and fees – it pays to shop around to find the loan that fits your needs and circumstances. Some loans offer features that may be appropriate for your situation and result in savings over the life of the loan.

Some features you may wish to consider include:

  • an offset account;
  • ability to make extra repayments;
  • a redraw facility; and
  • linked credit card and savings accounts;
  • ability to split your loan between fixed and variable interest rates
Offset Account
Redraw Available
Credit Card
Internet Banking
Telephone Banking
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


You can make your repaments Fortnightly, Monthly, and Weekly.

Interest Only Option
Max Interest Only
5 years

Upfront Fees

Upfront fess associated with estabilishing the loan. Other loan set-up fees, such as valuation fees and lender's mortgage insurance, and Government charges, such as registration fees and stamp duty on property transfer, have not been included. These will be determined after application.


Ongoing Fees

Monthly and annual fees and charges during the loan period.

Ongoing Monthly

Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


LMI waiver fee discount until 16 September 2016 - 0.50% off all of Near Prime and Specialist LMI Waiver Fees (Accelerate Red and Accelerate) For new customers: 100% offset sub-account with optional Visa Debit card OTHER PRODUCT INFO: Rate loading may apply to applications considered on an exceptions basis. The Homeloans Accelerate has been specifically tailored to suit the needs of borrowers who fall outside the mortgage insurance and banking guidelines. Types of borrowers that may fall into this category include: self-employed borrowers, credit impaired borrowers, contract workers and other applicants who do not fit into mainstream products, or borrowers who have reached their exposure with mortgage insurers. Available for Individuals, Companies & Trusts. Purposes allowed include: - Purchase - Refinance - Debt Consolidation - No Limits - Cash out - Up to 90% Full, Part Time or Contract PAYG employment (Minimum 12 months continuous employment in the same industry or minimum 6 months with current employer) - Business Purposes Key Benefits: - No Lenders Mortgage Insurance. LMI Waiver Fee applies to all loans. - Unlimited Adverse credit (paid or unpaid) registered over 12 months prior to application is considered - No limit on the number of debts that can be consolidated - Available for refinance, including Non-Conforming, Private and Solicitor Loans - No genuine savings required - Child support and Family A & B benefits accepted with no age restrictions - Loan terms available up to 40 Years Features: - Redraw (Minimum $1,000). Processed via Client Services & Fax - NIL Fee - Choice of Repayment Frequency - Extra Repayments Allowed - Credit Impairment Owner occupied purposes must be principle and Interest with min loan term of 10 and max loan term of 40 years Max 5 years of IO term converting to Principle and interest for the remainder of the term. Repayments via Direct Debit. Loan Increases available after 6 months.

LVR Notes

LMI not applicable. Refinance (Max LVR 85% inclusive of capped LMI Waiver Fee). $2,500,000 (up to 65% LVR) $2,000,000 (up to 70% LVR) $1,750,000 (up to 75% LVR) $1,250,000 (up to 80% LVR) $750,000 (up to 90% LVR) $650,000 (up to 95% LVR) The loan amount inclusive of the LMI Waiver Fee and any other associated fees cannot exceed 95%LVR. LMI Waiver Fee applies to the following LVR's: Up to 65%: 0.00% >65% up to 70%: 0.50% >70% up to 75%: 0.75% >75% up to 80%: 1.00% >80% up to 95%: 1.50%

Fee Notes

Solicitor Fee does NOT include disbursements. Title Protection Fee is $400. Valuation cost payment required following conditional approval. Quoted valuation fee of $260 is the average cost of valuation. The borrower/s will be charged the exact cost of the valuation.

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided