Homeloans FlexiChoice Prime NGS Homeloans FlexiChoice Prime NGS (Owner Occupied)

  • 4.74%
    p.a Standard Variable
  • 4.75%
    p.a Comparison**
  • $575
    Upfront fees
  • $0
    Annual fees
  • 85%
    Max LVR
  • $1,993
    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.

15 - 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
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


The Homeloans FlexiChoice Prime product can cater to borrowers who have either genuine savings or little in the way of a deposit and don’t have 5% genuine savings to contribute as a deposit - the equity contribution may be by way of a gift, First Home Owners Grant (FHOG) or debt. In the case of a gift forming the deposit, a statutory declaration must be obtained from the provider of the gift to inform of their relationship with the recipient, and confirm that the gift does not have to be repaid or to advise of the terms of any required repayment. If the deposit is borrowed, either by another loan or by a credit card advance, these new repayments must be included for serviceability calculation. No Credit Scoring: There is no credit scoring on applications with genuine savings up to 90% plus LMI. Where seeking the genuine savings interest rates and to receive no credit scoring, when the LVR is >85% borrowers must demonstrate genuine savings of at least 5% of the proposed purchase price, held or accumulated over a minimum period of 3 months. Key Criteria: - Borrowers must have clear credit history - Borrowers must be in their current employment for a minimum of 12 months or 24 months continuous employment within the same industry - Borrowers must disclose the source of funds and provide appropriate evidence - Refinance available to 90% LVR - Product excludes Construction of residential property Purchase vacant residential land Home improvement Features: - To 95% LVR - Redraw - Choice of Repayment Frequency - Redraw - Extra Repayments - 100% Offset available Borrower Type: Individuals – Australian residents only. Fixed rates available on request. Weekly, Fortnightly, Monthly repayments via Direct Debit, Direct Credit, BPAY. Fee free Internet and Phone Redraw. Min $100, max $20K per day. Manual redraw fee $26, min $100 and max is the balance available. Loan Increases: Interest Rate Increase may be applicable. Amount dependant on end LVR. 90% LVR: Owner Occupied and investment. Purchase, Refinance, Debt Consolidation and Cashout (Genuine savings required >85%). 95% LVR: Purchase – Non Genuine Savings. Owner occupied only. Rate loading applies and HomeBuyer Plus LMI Premium applies.

LVR Notes

No LMI required for <85% LVR.

Fee Notes

Valuation cost payment required following conditional approval. Solicitors costs may vary between states. Additional costs may apply depending on application. Title Insurance Fee: $132 (up to $600k), $238 ($600k to $1M). Additional fees and charges may apply for non standard loans. Manual Redraw Fee: $26.

*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