Homeloans FlexiChoice Prime Standard Homeloans FlexiChoice Prime Standard LVR 80 – 90% (Principal & Interest) (Owner Occupied)

  • 3.94%
    p.a Standard Variable
  • 3.95%
    p.a Comparison**
  • $330
    Upfront fees
  • $0
    Annual fees
  • 90%
    Max LVR
  • $1,836
    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 and 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


For applications lodged from 28 February 2018 on the Homeloans FlexiChoice Prime product borrowers will be offered Owner Occupied rates across the entire loan when they bundle their Owner Occupied and Investment security(s) onto the one loan. The following are some details of this promotion: Applies to Homeloans FlexiChoice Prime Full Doc products only Must be done under one single loan transaction Loan must contain an Owner Occupied security No limit on the number of Investment securities that can be bundled on the loan* No maximum Owner Occupied debt/debt percentage required Loan can contain multiple splits to separate Owner Occupied and Investment debt Loan can contain differing repayment types - i.e. part Principal & Interest and part Interest Only^ This promotion will apply to all new Homeloans FlexiChoice Prime applications lodged from Monday 20 November 2017, and will run until 28 February 2018, it’s not available for pipeline applications already lodged. *Loan limits and borrower exposure limits apply. ^Interest Only pricing will be at the Owner Occupied Interest Only rate. Different terms, fees or other loan amounts might result in a different comparison rate Non-resident lending policy all applications: - Maximum LVR of 70% - Category A security locations only (refer Acceptable Property Locations tool on Loanzone) - Lenders Mortgage Insurance will no longer be available - An interest rate loading is applicable above the applicable Investme

LVR Notes

LMI not required <85% LVR. **Risk Fee of 1.00% is payable between 80% and 85% when LMI is not taken out. Risk Fee cannot be capitalised above 85%. LMI premium may be capitalised up to a maximum of 95%.

Fee Notes

No cost to borrowers for standard loans only (individual borrower (s), and a single security property.) Includes document preparation, search fees, bank cheques, postage and all other sundries. Solicitors fees on all other ‘non standard’ loans (e.g. additional securities, companies, guarantees, trusts etc) are subject to higher fees. 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