Homeloans Accelerate Prime Plus Homeloans Accelerate Prime Plus LVR >85% up to 90%

  • 5.04%
    p.a Standard Variable
  • 5.12%
    p.a Comparison**
  • $1,239
    Upfront fees
  • $120
    Annual fees
  • 90%
    Max Lvr
  • $2,064
    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 90% 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", "Vacant Land"], in ["NSW", "NT", "QLD", "SA", "WA", "VIC", "TAS", "ACT"].

10 - 30 years


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

Full Doc
Credit History
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


For new customers: 100% offset sub-account with optional Visa Debit card The Homeloans Accelerate Prime and Accelerate Prime Plus product has been specifically tailored to suit the needs of borrowers who fall outside the mortgage insurance and banking guidelines. The Accelerate Prime Plus product is available to 95% LVR with non-genuine savings as well as the option to obtain cash out up to 90% LVR. - 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) Note, there is a rate loading on the Accelerate Prime Plus option for non-genuine savings. Features: Redraw? To 95% LVR for purchases No Genuine Savings option Choice of Repayment Frequency? Extra Repayments Loan Purpose: Purchase of owner occupied and investment (if LVR >90% must have NSR of at least 1.25%) Up to 90% LVR for Refinance, vacant land (see Lending Areas below for additional information), Debt Consolidation, Cash out – Accelerate Plus product only (No business use or for ATO debts). The loan amount inclusive of the Lender Protection Fee and any other associated fees cannot exceed 95% LVR for purchases and 90% LVR for all other purposes. Available for individuals, Companies and Trusts. Max Land Size: 25 acres – Must include a dwelling Lending Areas: Categories 1-4 Vacant Land (residential dwelling only in categories 1-2). Max LVR 90%, max land size 2.5 acres Income Documentation (PAYG): Last 2 payslips Letter of employment, tax assessment notice or last group certificate Income Documentation (Self-employed): Last 2 tax returns Last 2 years tax assessment notices IO loan terms of 1-5 years. Weekly, fortnightly and monthly repayments via Direct Debit, Direct Credit. Additional Repayments allowed. Min manual redraw: $1,000, online: $50. No redraw fee Loan Statements: Six Monthly

LVR Notes

Lender protection fee Applicable when LVR is above 80%. Max loan amount $2M (up to 70% LVR), $1.5M (>70% up to 75%), $1M (>75% up to 80%), $750K (>80% up to 90%), $650K (>90% up to 95%).


Genuine Savings Not required

Fee Notes

Solicitor Fee does NOT include disbursements. 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. Additional fees and charges may apply for complex loan structures.

*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