Homeloans Flexichoice Clear 80% to 85% Homeloans Flexichoice Clear >80% to 85% (Principal & Interest) (Owner Occupied)

  • 6.36%
    p.a Standard Variable
  • 6.39%
    p.a Comparison**
  • $899
    Upfront fees
  • $0
    Annual fees
  • 85%
    Max LVR
  • $2,333
    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 Owner Occupied in NSW, NT, QLD, SA, WA, VIC, TAS, and ACT.

1 - 30 years


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

Full Doc
Credit History
Non Conforming
Genuine Saving

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
Internet Banking
Telephone Banking
Credit Card
BPay Option
Portability of Loan
Professional Pack
Check Account
Direct Salary Credit
Free Transactions
Minimum Redraw
Redraw Fee


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

Interest Only Option
Max Interest Only
0 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.


Exit Fees

Fees associated with prematurely ending the loan.

Early Repayment
Switch To Fixed


Non-resident lending policy all applications: - Non resident loans are not applicable on FlexiChoice Specialist products STEPPED RATE DISCOUNT: Applies to FlexiChoice Plus and FlexiChoice Assist products only. If on the first and second anniversary of 12 on time payments, the funder will decide in absolute discretion that the conduct of the loan has been satisfactory, then the interest rate will reduce by the following levels: First Anniversary Discount: 0.25%p.a. (e.g. 9.00% to 8.75%) Second Anniversary Discount: 0.25%p.a.( e.g. 8.75% - 8.50%) Notes: Satisfactory is defined as the loan not being in default at the review date, and the Borrower has not defaulted on any payment in the 12 months immediately prior the anniversary (i.e. on time payments and no arrears balance). The applicable interest rate reduction will be made in the month following the relevant anniversary but applied with effect from the anniversary date. Where a loan has been in arrears at any stage in the first two years, the applicable 12 month period does not re-commence until all payments have been adjusted in full, including all fees and charges. It is possible for the original step-down period of two years to be extended if there has been a missed or late payment within the first two years. RATE LOADING MAY APPLY TO APPLICATIONS CONSIDERED ON AN EXCEPTIONS BASIS. MAXIMUM LOAN AMOUNTS (Maximum LVR’s and Loan Amounts may be reduced for applications considered on an exceptions basis): 75% LVR - $1,5M 80% LVR - $1,25M 85% LVR - $1M 90% LVR - $750K. Maximum LVR (Specific Cases Only): Where the security property is located in Victoria, the maximum LVR will be 5% less than the product limit. LMI WAIVER FEE: Up to 70% LVR - 0.30% >70% up to 80% LVR - 0.80% >80% up to 85% LVR - 1.05% >85% up to 90% LVR - 1.30%. LMI Waiver Fee Capitalisation: To max LVR of 90%. NOTE: Capitalisation of LMI Waiver Fee does not alter the original LVR for Interest Rate purposes. The Homeloans FlexiChoice full doc 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. Key Benefits: - No Lenders Mortgage Insurance – LMI Waiver Fee applies to all loans - Adverse credit history is considered - Adverse mortgage arrears considered - Bankruptcy discharges considered - No limit on the number of debts that can be consolidated - Available for refinance, including Non-Conforming, Private and Solicitor Loans - Child support (children 13 and under) and Family A & B benefits (children 11 and under) accepted - Unlimited Cash Out for any worthwhile purpose including payout ATO debts, working capital and purchase of business equipment (Max LVR 80% for cash out) - Refinance of business loans (Please Note max LVR is 80% for Business Purposes) Features: - Redraw - Credit impairment considered - To 90% LVR - Choice of Repayment Frequency - Extra Repayments - 100% Offset available Repayment Methods of Direct Debit, Direct Credit, BPAY. Internet and Phone Redraw: Min $100 Max $20,000 per day, no fee. Manual Redraw: Min $100 Max is the balance available. Redraw Fee $26. Loan Statements issued Six Monthly. Loan Increases: Interest Rate Increase and LMI Waiver Fee may be applicable - rate and amount dependant on end LVR. Split and Switch Loans: There is a maximum of 6 split loan accounts. The minimum amount of a split loan is $10,000.

LVR Notes

Risk Fee replaces LMI. Risk Fee applies to all loans regardless of LVR. Max LVR 90% inclusive of any capitalised Risk Fee. Capitalisation of Risk Fee does not alter the original LVR for rate purposes. Refer to Product Guide for further information.

Fee Notes

Valuation cost payment required following conditional approval. Quoted valuation fee of $300 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