based on 1 Well Home Loans banking product reviews as rated by Mozo community

Well Home Loans home loans

Well Home Loans is a new, independent online lender that has already established a name for itself for providing low-cost home loan options to investors and owner occupiers.

Despite its young age a lender, Well Home Loans has already received considerable plaudits for its loan offerings, including five seperate Mozo Experts Home Loan Choice Awards in 2021 for best Low Cost, Offset, First Home Buyer, Split and Investor Home Loans. Check out their home loan range below for an overview of rates, fees, features and more.

What home loans do Well Home Loans offer?

Rates and fees verified as correct at 20 September, 2021. Other information correct at the time of writing. Advertiser disclosure.

Fixed Rate Home Loans

If you want a stable interest rate that isn’t going to rise unexpectedly then you may be interested in a fixed rate home loan from Well Home Loans. The Well Balanced Fixed offer from the online lender gives borrowers the option of locking in a competitive rate for either 1, 2, 3, 4 or 5 years, with loans available on amounts from $200,000 and above. Well Home Loans also provides a number of features with the loan, such as free extra repayments, a free redraw facility and even an optional offset account for $10 a month. The loan is available to both investors and owner occupiers, both of which will require a minimum 20% deposit (80% LVR). For more details, including the fees involved, check out the linked reviews below. 

Home loan repayments calculator

years

Product Fixed 3 year rate Comparison Rate Service fee Upfront fee Monthly repayments  

2.69% p.a.

2.97% p.a.

$0.00

$785

2.14% p.a.

2.06% p.a.

$0.00

$785

Go to site

2.14% p.a.

2.48% p.a.

$0.00

$785

2.54% p.a.

2.56% p.a.

$0.00

$785

2.34% p.a.

2.36% p.a.

$0.00

$785

Go to site

2.34% p.a.

2.79% p.a.

$0.00

$785

Variable Rate Home Loans

Well Home Loans' variable rate option, the Well Balanced loan, may be better suited to customers who want a little more flexibility with their home loan rate. The variable rate home loan comes with all the same features as the fixed rate option though, including free extra repayments, free redraws and an optional offset account ($10/month). Once again, loans are available to both investors and owner occupiers looking to borrow 80% or less of the property's value, with a minimum loan value of $200,000. Read about the loan in more detail by checking out the linked reviews in the table below. 

Home loan repayments calculator

years

Product Rate Comparison Rate Service fee Upfront fee Monthly repayments  

1.87% p.a.

1.90% p.a.

$0.00

$785

Go to site

2.99% p.a.

3.05% p.a.

$0.00

$785

1.99% p.a.

2.02% p.a.

$0.00

$785

Go to site

2.52% p.a.

2.55% p.a.

$0.00

$785

Go to site

2.49% p.a.

2.55% p.a.

$0.00

$785

2.32% p.a.

2.38% p.a.

$0.00

$785

Go to site

2.87% p.a.

2.90% p.a.

$0.00

$785

Go to site

Well Home Loans home loan features in a glance

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Free extra repayments and redraws

If you’re looking for a way to save on interest, extra repayments are a great way to do just that. With all Well Home Loans' offers, you’ll have the option to make additional repayments on your loan, for free! Plus, if you’ve made additional repayments but need to get that money back for one reason or another, you can do so with the free redraw facility also offered by Well Home Loans. 

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Flexible repayment schedule

To make budgeting a little easier, you can choose to make weekly, fortnightly or monthly repayments on either a variable or fixed rate home loan from Well Home Loans.

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Split your loan 

For borrowers who want the best of both worlds, Well Home Loans’ offers come with the option of splitting your loan between a fixed and variable rate portion.

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Offset facility 

Keep your home loan costs low by making use of the full offset account available as an optional extra (for $10 per month) with any Well Home Loans offer. 

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No monthly service fee

After you jump into the loan you can focus on making your repayments, without having to worry about any monthly fees.

How are Well Home Loans home loans rated?

Mozo users have rated Well Home Loans home loans on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of home-loans
Well Home Loans home loans
Overall
Price
Features
Customer service
Convenience
Trust

1 Reviews

Recent Well Home Loans home loan reviews

Well Home Loans Well Balanced
Overall 9/10
Great service and competitive rates

Fantastic service and pricing

Read full review

Fantastic service and pricing

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Ashwin, Victoria, reviewed almost 2 years ago

What do you need to apply for a Well Home Loans home loan?

Ready to apply for a home loan from Well Home Loans? As you would expect, you can complete an application online through their website. Before you begin though, it's worth noting that you'll need to be an Australian Citizen or Permanent Resident between the ages of 18 and 65 to apply, and that you may also need some of the following documents: 

  • Personal details for each applicant (if necessary)
  • Contact details including a valid email address
  • Proof of salary (i.e. payslips) and evidence of any other income (like government payments or rental income)
  • Statements for any debt you have (including credit cards or other loans)
  • I.D like your driver's licence or passport
  • Home loan statements (if you’re looking to refinance)

Home loan quick links