1 photo
loans.com.au

loans.com.au

Home Loans, Car Loans (See All)
3.7 from 1,432 reviews · View Statistics
Listing monitored by loans.com.au

Reviews

Previous
Clear all
Next
Sonia987
Sonia987Sydney, NSW

Investors beware

published

Our situation-buying two investment properties, total under $1 mil. Initial sales call made everything sound very easy. Experience was far from. Extremely painful at every step. Online software sucks big time. Partnering with loans.com.au is up there with life’s biggest regrets, never again. Good for basic home loan, anything beyond go elsewhere.

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan Start DateJune 2022
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Similar opinion? Write a review on ProductReview.com.au!
Michael
MichaelSydney, NSW

Endless obnoxious automated emails

published

The loan procedure was dotted with endless automated obnoxious emails and Web portals. At no stage did I talk to a single human being. Avoid this site as their service is impersonal beyond words and it meant the entire process we were treated as just another number. It was so garbage a service offer that i don't recall if they were timely or not with their process.

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan TypeFixed Rate
  • Loan used forInvestment Property
Similar opinion? Write a review on ProductReview.com.au!
Frustrated Applicant
Frustrated ApplicantSouth Australia

Works like a start up seems like no defined processes horrible customer device

published
  • Transparency
  • Customer Service
  • Application Process
  • Online Tools
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Similar opinion? Write a review on ProductReview.com.au!
hsk8787
hsk8787
  • 14 reviews
  • 11 likes

stick with the real banks...

published

they threatened to freeze my account because I fully offset my loans.
they also made discharging my loan so difficult. no forms available online, I had to call them up and go through the rigmorale with their retention process and taking way longer than normal banks. really unhappy with the process.

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Similar opinion? Write a review on ProductReview.com.au!
Loans

Find out how loans.com.au compares to other Loans

Know better, choose better.

Compare all
PotLuck097
PotLuck097South East Queensland, QLD
  • 3 reviews
  • 8 likes

SMSF Invest Property Loan refinance

published

Wonderful man I spoke to originally. I tried to refinance my loan from StGeorge to a more competitive rate. This company has only just started taking applications for these types of loans. Their portal is clunky at best. I had promises broken, bad updates from many different staff (usually a different staff member each time ). I eventually got sick of waiting.... from the application being taken, I got up to over 5 weeks with still no answer. Up to 9 weeks now and still haven't got to settlement . I don't think this company is capable to arrange this specific type of finance, even though they advertise it and that the process is easy. I haven't done many things that are harder.

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan used forInvestment Property
PotLuck097
PotLuck097

Update - had to stop the rot and stop trying to settle this complete joke. 10 weeks of my life I won't get back. Avoid this company like your like depends on it.

Similar opinion? Write a review on ProductReview.com.au!
Rahul N.
Rahul N.Sydney, NSW

Terrible company glad to be gone.

published

Was with them for over 4 years. Horrible rate hikes out of step with the RBA. Then not even passing on the rate cuts. So glad to be out, but they made refinancing difficult.

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan Start DateApril 2016
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message

We're sorry to hear about your experience. Please contact us with any further details or feedback you have for us on customercare@loans.com.au.

Similar opinion? Write a review on ProductReview.com.au!

Don't give you access to your property valuation report

published

As part of the loan approval process, lenders require a property valuation to be conducted on the property of interest. What loans.com.au does is get you to pay for the property valuation, but they refuse to release the report which YOU paid for. What is the explanation for this??? If we pay for something, we should be entitled to it.

  • Incentivised Review No
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Similar opinion? Write a review on ProductReview.com.au!

Related Articles

Previous
Super Funds Awards 2022!

A good super fund can make a substantial difference to the amount you retire with. From retail super funds to self managed super funds, view reviewer ratings for the top-rated super funds of 2022.

Wendy Z.
Wendy Z.
super-funds-awards-2020
Credit Card Awards 2020

Whether it's the sign up bonus, rates and fees, or reliable customer service that you look for in a credit card, a credit card is often used everyday, so it's important you choose one that meets your needs and that you're happy with. These are the top-rated credit cards this year, as decided by ProductReview.com.au reviewers.

Wendy Z.
Wendy Z.
credit-card-awards-2020
What Is Peer-To-Peer Lending?

Peer-to-peer lending is quickly gaining popularity among Australian borrowers and investors. If you've never heard of it before, this 2 minute read will give you a quick rundown so you can decide if P2P lending is right for you.

Nathan S.
Nathan S.
what-is-peer-to-peer-lending
Next
Amanda
AmandaCentral Queensland, QLD
  • 7 reviews
  • 2 likes

Home loan

published

Contacted to find out viability of an investment property. Terrible customer service, passive aggressive, condescending and lacking in knowledge. Couldn't understand what I was trying to ask at times and would butt in before I finished trying to ask. Judgemental have had great experience with Lendi who were extremely helpful and can answer all questions you throw at them try them. Waste of time speaking to this company. The questions on application form do not allow for correct details.

  • Transparency
  • Customer Service
  • Application Process
  • Incentivised Review No
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Similar opinion? Write a review on ProductReview.com.au!
Tass
TassSydney, NSW
  • 2 reviews
  • 1 like

Follow up was a waste of time

published

I followed up. Although my fixed rate is almost up (about 1% higher than variabke) I will still be charged a fee. They dont care if I leave. Customer care is zero

  • Transparency
  • Customer Service
  • Incentivised Review No
  • Loan TypeFixed Rate
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Tass
Tass

What is your email address

loans.com.au
Bree S.loans.com.auSend a private message

Hi Tass, the best email for this is customercare@loans.com.au. Thank you

Similar opinion? Write a review on ProductReview.com.au!
Loans

Find out how loans.com.au compares to other Loans

Know better, choose better.

Compare all

Existing customers get high interest rates & poor service

published
  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message
Similar opinion? Write a review on ProductReview.com.au!

the rates are introductory only - after a year or two they bump your product to a rate that is way worse than the market

published
  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan Start DateNovember 2014
  • Loan used forInvestment Property
loans.com.au
Bree S.loans.com.auSend a private message

Hi Ian, we're sorry to see you left 1 star. We're always looking for feedback on ways we can improve our service. Please contact us at customercare@loans.com.au with any further questions or feedback you have.

Similar opinion? Write a review on ProductReview.com.au!
Mark
MarkSydney, NSW
  • 8 reviews
  • 4 likes

Don't be fooled

published

The initial service, fees, and rates were good. Now they offer new customers much lower rates and blame funding tranches. Existing clients ripped off. They will not reply to emails. The service is shocking.

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan Start DateJune 2018
  • Loan used forInvestment Property
Similar opinion? Write a review on ProductReview.com.au!
Loans

Find out how loans.com.au compares to other Loans

Know better, choose better.

Compare all
Watermelonyk
Watermelonyk
  • 8 reviews
  • 3 likes

Inefficient non-transparent lack of service

published
  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan used forInvestment Property
Similar opinion? Write a review on ProductReview.com.au!
M Michell
M MichellAdelaide
  • 3 reviews
  • 2 likes

Paid for a valuation and then declined loan

published

During the loan process, Loans.com.au requested a valuation of the property (our up front cost) and then subsequently denied the loan. Is this a normal practice or just unique to this company?

  • Transparency
  • Customer Service
  • Application Process
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan used forInvestment Property
Similar opinion? Write a review on ProductReview.com.au!

Incompetent

published

Pulled my pre and post approved financing from under me at the eleventh hour leaving me financially exposed, I was upfront and honest about every aspect of the property from the first phone conversation. They have completely wasted my time and I'm potentially $55,000 out of pocket with no recourse.

  • Transparency
  • Customer Service
  • Timeliness
  • Online Tools
  • Incentivised Review No
  • Loan TypeVariable Rate
  • Loan Start DateFebruary 2019
  • Loan used forInvestment Property
Similar opinion? Write a review on ProductReview.com.au!

Questions & Answers

Mark T.
Mark T.asked
loans.com.au

Are new path lending any good

1 answer
Nissan navara
Nissan navara

Not sure, but loans.com.au were wonderful

Optimist
Optimistasked
Home Loans

Thank you @CeeJay for your review. I wish I had seen this sooner as I am facing the same delays and issues with my home loan application. I’m not confident they will come through even though My case is simple and straightforward with all docs submitted. Definitely should avoid loans.com.au!

1 answer
loans.com.au
Bree S.loans.com.auSend a private message
fahqteam
fahqteamasked
loans.com.au

When will we find out about rate cuts? I must add I’ll be very disappointed if it isn’t passed on and passed on in full.

No answers
See all loans.com.au questions

Get an answer from our members and loans.com.au representatives

loans.com.au

ProductReview.com.au has affiliate partnerships. These do not influence our content moderation policies in any way, though ProductReview.com.au may earn commissions for products/services purchased via affiliate links.