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Aussie Select Basic Variable

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 70%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 70%

The details shown below are for an investor taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $100,000 and $5,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 90%-95%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $100,000 $5,000,000

  • Investor (Principal & Interest)

    LVR < 70%

    Loan: $100,000 $5,000,000

  • Investor (Principal & Interest)

    LVR 70%-80%

    Loan: $100,000 $5,000,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $5,000,000

  • Investor (Interest Only)

    LVR < 70%

    Loan: $100,000 $5,000,000

  • Investor (Interest Only)

    LVR 70%-80%

    Loan: $100,000 $5,000,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $100,000 $5,000,000

Rate
2.39% p.a.
Comparison Rate
2.41% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.29% p.a.
Comparison Rate
2.33% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.79% p.a.
Comparison Rate
2.83% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
3.19% p.a.
Comparison Rate
3.22% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.99% p.a.
Comparison Rate
3.03% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.59% p.a.
Comparison Rate
2.61% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.59% p.a.
Comparison Rate
2.63% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
3.29% p.a.
Comparison Rate
3.32% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.99% p.a.
Comparison Rate
3.03% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
2.99% p.a.
Comparison Rate
3.03% p.a.
Service fee
$0.00
Upfront fee
$330
Rate
3.39% p.a.
Comparison Rate
3.42% p.a.
Service fee
$0.00
Upfront fee
$330

Mozo editorial review Aussie Select Basic Variable - last updated: 21 July 2021

binocular icon
What's hot
  • Variable interest rates from 2.29% (2.31% comparison rate*)
  • No ongoing service fee
  • Borrow with a deposit as low as 5%
  • 2021 Mozo Experts Choice Award winner
What's not
  • $330 legal fee and $535 discharge fee
Mozo snapshot

It may be in the name, but the Aussie Select Basic Variable home loan is far from basic. With competitive low variable rates starting from just 2.29% (2.31% comparison rate*), no ongoing service fee to worry about and handy features like a redraw facility, a split account and the ability to make free extra repayments, this is a home loan that could prove a good fit for any homebuyer. In fact, it's even won a 2021 Mozo Experts Choice Award for best Split Home Loan. 

key icon
Key features

Aussie are well known for their mantra “we’ll save you”, and when it comes to the Select Basic Variable home loan that slogan holds up. Both owner occupiers and investors will be able to borrow amounts between $100,000 and $5,000,000 with the loan, with interest rates for owner occupiers starting at 2.29% (2.31% comparison rate*) and 2.59% (2.61% comparison rate*) for investors.

Eligible owner occupiers will also be able to borrow with a deposit as low as 5% (although Lenders Mortgage Insurance may be required for deposits under 20%), and all borrowers will be able to split their loan up to four times if they’re wanting to fix a portion of it.

While the loan doesn’t come with an offset account, that doesn’t mean borrowers won’t be able to save via other handy features like the extra repayments facility. Speaking of which, borrowers who end up making additional repayments towards their loan and need to dip back into them (for whatever reason) will be able to do so thanks to the redraw facility. Just bear in mind that there’s a minimum redraw amount of $100.

The last thing you’re probably itching to know about is fees. The good news is that Aussie doesn't charge an ongoing service fee, however, borrowers will need to budget for a $330 legal fee upfront, as well as the $535 discharge fee which comes into play once the loan is paid off in full.

snapshot
Who is it good for

The Aussie Select Basic Variable home loan is a budget-friendly option for first time buyers and investors alike, complete with all the hallmarks of a basic loan (competitive rates and a low number of fees) combined with handy extra features like extra repayments, redraws and the split loan option.

question icon
Any catches

While the lack of any ongoing service fees will help borrowers keep their costs down over the life of the loan, the legal and discharge fees may prove unwelcome expenses.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.39% p.a.

n/a

n/a

n/a

2.41% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

60.00%

80.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.29% p.a.

n/a

n/a

n/a

2.33% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

none

60.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.79% p.a.

n/a

n/a

n/a

2.83% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

80.00%

90.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.19% p.a.

n/a

n/a

n/a

3.22% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

90.00%

95.00%

Features

Owner Occupier

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.03% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

none

80.00%

Features

Owner Occupier

Interest Only

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.61% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

none

70.00%

Features

Investor

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.63% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

70.00%

80.00%

Features

Investor

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.29% p.a.

n/a

n/a

n/a

3.32% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

80.00%

90.00%

Features

Investor

Principal & Interest

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.03% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

none

70.00%

Features

Investor

Interest Only

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.99% p.a.

n/a

n/a

n/a

3.03% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

70.00%

80.00%

Features

Investor

Interest Only

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

3.39% p.a.

n/a

n/a

n/a

3.42% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

$330.00

$0.00

$0.00

n/a

$0.00

$535.00

Other financial bits

$100,000

$5,000,000

80.00%

90.00%

Features

Investor

Interest Only

Fortnightly, Monthly

yes - free

no

yes - free

$100.00

yes

no

none

none

none

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

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Latest reviews of Aussie Select Basic Variable Home Loan

About Aussie

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.