*iSelect is the trading name of iSelect Mortgages Pty Ltd (ABN 86 148 217 181). iSelect Mortgages Pty Ltd is a credit representative (Credit Representative 400540) of Auscred Services Pty Ltd (Australian Credit Licence 442372). iSelect provides a referral to Lendi Pty Ltd, a Credit Representative of Lendi Group Finance Pty Ltd (Australian Credit License 442372). iSelect Mortgages Pty Ltd receives a commission from the Licensee for each new customer account created and for each home loan submitted through this service. Learn more.

What is a home loan and how does it work?

A home loan is a loan that’s taken out to cover the purchase of a property or land. When you take out a mortgage, you decide how much of the property value you want to borrow and you can generally choose the length of time it will run for.

Easily compare with iSelect & Lendi

Get acquainted

Tell our trusted partner, Lendi, a little about yourself and what you’re looking for so you can be matched with the right loan for your specific needs and preferences.

Get fitted

Compare a range of home loan products from over 25+ lenders* online and the Lendi team of home loan specialists are there to answer all your questions.

Get sorted

All the heavy lifting is done for you! Once you’ve chosen a home loan, Lendi will support and guide you from application through to settlement.

Home loans explained, with Canna Campbell.

Canna Campbell from SugarMamma TV breaks down the essentials of Home loans.

Canna Campbell

SUGARMAMMA TV

We’ve partnered with Lendi, Australia's number one online Home Loan Platform

Check out our range of handy home loan calculators

Mortgage Calculator

Our mortgage calculator can help you estimate your loan repayments, based on the loan type, interest rate, and loan term you select.

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Stamp Duty Calculator

Stamp Duty fees differ between all states. Thankfully, our simple Stamp Duty calculator allows you to select the state you’re looking to buy in, as well as add your loan details, to estimate Stamp Duty costs.

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Refinance Calculator

Looking to refinance your home loan? Our refinancing calculator can help you compare two loans side by side and estimate the potential difference in repayments.

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Principal & Interest Calculator

This calculator can help you estimate what your ongoing principal and interest repayments could look like, depending on your loan type, interest rate, and loan term.

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Borrowing Power Calculator

This handy calculator looks at your household income, as well as expenses and any dependents, to estimate your potential home loan borrowing power.

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Extra Repayment Calculator

Making extra repayments can be a great way to save on your home loan. Our calculator can help you estimate whether you could lower your overall interest repayments, and shorten your loan term.

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First home buyer

I am a first home buyer. What are my options?
Lendi has a number of low rate home loan options suitable for first home buyers. Start comparing and find out if you qualify for a low rate home loan in seconds.

Refinancing your home loan

Whether you want to reduce your monthly repayments, cut years off your loan, withdraw cash or consolidate debt, Lendi can help you refinance quickly and easily. To find a great rate simply answer a few quick questions.

*iSelect is the trading name of iSelect Mortgages Pty Ltd (ABN 86 148 217 181). iSelect Mortgages Pty Ltd is a credit representative (Credit Representative 400540) of Auscred Services Pty Ltd (Australian Credit Licence 442372). iSelect provides a referral to Lendi Pty Ltd, a Credit Representative of Lendi Group Finance Pty Ltd (Australian Credit License 442372). iSelect Mortgages Pty Ltd receives a commission from the Licensee for each new customer account created and for each home loan submitted through this service. Learn more.

Types of Home Loans

Variable rate home loans

With a variable rate home loan your repayments can increase or decrease in line with fluctuations in the official cash rate. This could mean your payments increase when interest rates are high, but also decrease when they’re low.
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Fixed rate home loans

fixed rate home loan allows you to lock in an interest rate on your loan (generally for 1 to 5 years). One of the benefits of this loan type is that it protects you against interest rate rises, however it also means you won’t benefit from drops in interest rates.
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Interest-only home loans

With an interest-only home loan, for an initial set period your repayments will only cover the interest on the amount borrowed (the principal). This means that for this set period, your repayments don’t go towards the amount borrowed, and so it doesn’t reduce.
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Refinancing your home loan

Refinancing is a great way to save on your home loan. Compare a range of home loan products to see if you can take advantage of a lower interest rate and save on your monthly repayments.

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Your home loans questions, answered

What is a mortgage?

How do home loans work?

What are the different types of home loans that are available?

What is the interest rate on home loans?

How much can I borrow?

How do I calculate home loan repayments?

How do I pay off my mortgage faster?

How much is mortgage insurance?

What does becoming a guarantor involve?

What is the longest home loan term that you can get?

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*iSelect is the trading name of iSelect Mortgages Pty Ltd (ABN 86 148 217 181). iSelect Mortgages Pty Ltd is a credit representative (Credit Representative 400540) of Auscred Services Pty Ltd (Australian Credit Licence 442372). iSelect provides a referral to Lendi Pty Ltd, a Credit Representative of Lendi Group Finance Pty Ltd (Australian Credit License 442372). iSelect Mortgages Pty Ltd receives a commission from the Licensee for each new customer account created and for each home loan submitted through this service.