Reduce Home Loans

Reduce Home Loans

 Verifiedreduceloans.com.au
4.2

1,051 reviews · Statistics

PositivevsNegative
86% · 906129 · 12%

Loan TypeFixed Rate (34), Variable Rate (511) and Split (11)
Loan used for
  • First Home (72)
  • Second Home (49)
  • Investment Property (53)
  • Renovation (1)
  • Refinancing (279)
  • Home Construction (9)
Loan Term26.877 years
Transparency
4.3 (541)
Customer Service
4.3 (564)
Application Process
4.0 (549)
Timeliness
3.9 (534)
Online Tools
3.8 (237)

Reviews

1,051 reviews
Stu
StuNSWSydney, NSW14 posts
  Verified

Low rate and helpful service

I had a great experience dealing with Ben Ithell. I asked for a lender with the lowest rate, and he found one lower than my current lender. He was proactive, responsive and went out of his way to be helpful. This was my 2nd refinance with Reduce Home Loans, and I keep having a good experience with them. Show details
Diana S.
Diana S.
 

Highly recommend

Vaughan Enright was fantastic to deal with. He was very efficient and ensured my tight deadlines were met. I would highly recommend him to friends and family
Mick
Mick
 

You want help, Nick from reduce is the bloke you need

Nick from reduce loans has helped us on 3 seperate occasions now, each property slightly different to the others. He is honest, reliable, and a pleasure to deal with. Couldn’t recommend him enough! Show details
DRM
DRM3 posts
 

Refinancing with Reduce Home Loans was so easy

Connor Newson from Reduce Home Loans was great!. He was super proactive, responsive and delivered! He really did make my life easier. Thank you Connor Show details
Nicole
NicoleQLDSouth East Queensland, QLD2 posts
 

Great customer service from Reduce Home Loans

Nick Freney from Reduce Home Loans was absolutely outstanding in his customer service. His knowledge, clear communication skills, and of course, his ability to get my loan sorted were second to none. He kept me informed every step of the way and I really appreciated his calm manner. Show details
James
James
 

Highly recommended!

Kurt was phenomenal, very knowledgeable, patient and communicative across the entire process. Can't recommend them highly enough.
Sudhakar Ahuja
Sudhakar Ahujacanberra7 posts
 

Stay away from this lender pls

I had pretty bad experience with them. I applied for refinance after Dane Binckes from their team calling me multiple times to convince that it's a good idea. He was quite helpful and responsive through the early part of the process. But once the application was submitted, he stopped responding after multiple emails and texts in last couple of weeks. Now I'm completely in dark as to what's happening with my application. I was promised the whole process will not take more than 2 weeks, now its been about 2 months and I have no idea.
I'd stay away from them
DNA
DNA
  Fair Incentive

Highly recommend

The staff was great taking me start to end for getting a good loan but also supporting me throughout the whole process. Highly recommended. Show details
Transparency
Customer Service
Application Process
Timeliness
Online Tools
UncleRico
UncleRicoQLDSouth East Queensland, QLD31 posts
  Fair Incentive

Great rates

Prompt customer service and staightforward process. Access to great rates. Clear communication. Loan settled without problems and would definitely use them again. Show details
Transparency
Customer Service
Application Process
Timeliness
Ellis
EllisNSWIllawarra, NSW
 

Very pleased with their service. Recommended

I first used Reduce Home Loans in 2020 when I bought my first home. Obviously I was very new to the process but Nick Freney was super helpful and informative through out the process. Fast forward a few years down the track and I got back in contact with Reduce as I was seeking to access some equity in my home. I again was helped by Nick and I couldn't be happier. Nick had a wealth of knowledge and was able to secure me a better loan, with a lower rate, as well as giving me access to around 100k in equity. Nick is responsive, friendly and professional. I would highly recommended Reduce Home Loans. Show details
Kumbi M
Kumbi M
 

Fantastic Service - Lowest Variable Rates

We have been working with Reduce Home Loans for a few years now. We have done some refinancing and we have also applied for new home loans with Reduce Home Loans. Each and every time we managed to get some awesome deals, lowest variable rates available on the market. I highly recommend Reduce Home Loans. We will definitely use them again in future!
Nick F
Nick FSAMetropolitan Adelaide, SA
 

An exceptional experience from start to finish!

Nick came recommended and he did not disappoint! He got us an unbelievable rate and kept us informed the whole way through the process. He is very knowledgeable and most importantly took the time to explain things to us in basic terms so we knew exactly what was happening and what to expect. Have recommended him to all our family and friends. Would not even consider going anywhere else in the future. Thanks again Nick!! Show details
Tim W.
Tim W.
  Fair Incentive

The best loan provider

Bryce and the team did an amazing job, start to finish. They consistently checked in when I had delays at my end, without being pushy.
I'd recommend them to anyone, anytime. Show details
Mike P.
Mike P.WAPerth, WA5 posts
  Fair Incentive

An excellent experience

It was a pleasure to deal with Bryce in getting our SMSF loan transferred across. The process was pretty simple and the communication at all stages was excellent. On top of that we are saving heaps so it was great for us. Show details
Online Tools
Goran Maric
Goran MaricNSWSydney, NSW2 posts
  Fair Incentive

A pleasure to work with, best rate on the market

Reduce were very easy to work with, and they got us the lowest variable rate on the market - which is saving us thousands each year.

Highly recommend. We'll definitely go with them again in the future. Show details

Timeliness
Online Tools

Questions & Answers

Aussiebloke34
Aussiebloke34

Why are the fees so huge and why are so many members accusing you of bait and switch, where months after they have their loans established they get a letter advising their interest rates are going up?

Alex D
Alex D

Some of the comments are quite serious and places doubts on whether Reduce can then be trusted or not if they sign you up on one rate, only to increase it in a few months. Has many people experienced it?

Also people are saying their exit fees are very high. How high are they compared to others?

Thanks.

Edson S.
Edson S.  

Hi Alex, I’m on 3 years fixed rate. I’m not sure how much are the exit fees but I don’t think it’s higher than my precious bank.

Aussiebloke34
Aussiebloke34  

I was told exit fees were made illegal from 2011?

bmarshall
bmarshall  
Simmo
Simmo

I am considering refinancing soon with reduce and I was wondering if there rates go up soon after changing over. I was convinced a few years ago by a broker to refinance with AFG and 2 days after my loan changed over the rate went up quite a bit and I would have been better off staying with Peoples choice. I don't want to waste my time changing if this will happen again.

Debstar
Debstar  
ALS
ALS  
bmarshall
bmarshall  

They don’t reward loyalty. It’s disgusting they advertise new loans 0.5% lower than loyal customers. Also the discharge fees are excessive!

See all Reduce Home Loans questions

Details

CategoryHome Loans
Business TypeNon-Bank Lender
Visit official website

Contact info for Reduce Home Loans

Mon8:00 am - 6:00 pm
Tue8:00 am - 6:00 pm
Wed8:00 am - 6:00 pm
Thu8:00 am - 6:00 pm
Fri8:00 am - 6:00 pm
SatClosed
SunClosed
  • ABN: 54133596111

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