Best Interest Rate I could find together with an offset account. Excellent service. No ongoing fees.
Reduce Home Loans have been great from the beginning. Nick our lending manager was excellent. I was able to get the best interest rate that I could find including an offset account.
The paper work took a bit of time to get through but it's paid off since I've settled my loan. I've been able to call for help whenever I needed it. There were a few steps to get through but I won't need to go through this refinance process for a while now that I have a very low rate and no ongoing fees and an offset account. If you want the lowest rate in the market with or without an offset account give these guys a call and then see how they compare to other banks. You may end up going with these guys just like I did.
They have unbeatable home loan products
They have great home loans, I would have given them 5 stars if they were a bit quicker, but now that we've refinanced through them we're very happy. So I still gave them 5 stars despite the timeleness as I would highly recommend.
Great rates and very helpful !
David and the reduce home loans team helped us get a great rate and easy loan set up.
We highly recommend Reduce Home Loans to anyone thinking of refinancing or setting up a new loan
REDUCE HOME LOANS ARE NO 1
My wife and i are extreemly satisfied with all aspects of service with Reduce Home Loans.
They listen, are readily contactable and you speak to a real person.
Would have no issues in recommending them for any persons home loan requirements.
And their home loan rates are great 100% mortgage offset account and easy refinancing.
Great Rate, No Fuss, Would Recommend
Was looking for a low rate, no fee home loan, looked around for quite a while before choosing to refinance with Reduce. So glad we did, Bryce was awesome to deal with and we got our low rate, no fuss home loan. Would recommend !!
Excellent Service with Unbeatable Incredible Lowest Rates.
This is our second time dealing with Reduce Home Loan in two years period of time and we were always dealing with Nick Freney and his service and the products he offered us are beyond incredible. We can't thank him enough. I personally am so grateful for this man and so much gratitude for the hard work he puts in. thank you!
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Excellent Service with the best interest rates
If you are looking to refinance or a new loan, please check out Reduce Home Loans. Their service was excellent (thanks David). I was kept upto date with the progression of the loan. Internet banking is easy to use and I managed to get one of the best interest rates going around which others couldn't match. I will definitely use again in the future. Thanks Reduce Home Loans for saving me money which will help me pay off my loan a lot sooner.
Great service and rates
We refinanced our loan with Reduce about two years ago, they required quite a bit of documents and have to get certified copies for ID checks which was a bit annoying. The refinanced process was all done online/over the phone. It's also a little confusing as the loan seem to be provided by mortgage ezy and origin.
So far, they dropped the rate each time the official rate changed, but it took about a month change. And they were very willing to review and drop rates outside the official rate change as well.
The internet banking is very basic bu...t usable, we had an offset account that has the usual functionality such as internet transfer, BPay and scheduled payments. They don't have NPP, and deposits usually available at around 10am the next business day. They also offer debit card, but we are not using it.
Would definitely recommend!
My husband and I recently refinanced with Reduce Home Loans and it was a fantastic process end to end! Bryce was extremely responsive, helped us every step of the way and made what can sometimes be a bit of a stressful time completely smooth sailing. The turnaround was also really quick! Would definitely recommend.
Great customer serice
Very competitive rate.The mortgage broker Dane was very helpful, responsive and made the whole process very easy. The initial contact was through Zoom which assured me it was a fair dinkum company.
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Excellent Rate Excellent Customer Service
Really happy with the ease of the application process and the great rapport built up with Jacqueline who stayed in touch throughout. Great rate. Couldn’t be happier. Thank you Reduce
Great value and easy to use website
I refinanced to reduce homeloan from my previous lender. Much better interest rate and great functional website.
Personally really like the ability to pay BPAY directly from the loan account. Makes scheduling bill payments really easy, and means I can keep interest payments down by having my salary going into the loan.
Suggestion for website future development would be the inclusion of two factor authentication for payments to new bank accounts.
Might take a bit of time to assess and gather/ complete the paperwork but was pretty straight forward and easy.
If you have equity in your home loan then I would certainly recommend. The process is pretty straight forward and it was a pleasure working with Gary. My rate was competitive to begin with and managed to secure an even better rate which was great.
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Best interest rates around!
We recently refinanced our loans with Reduce Home Loans. Our current bank couldn’t come close to matching their rates. No ongoing fees, no establishment fees. There is an exit fee however, so I recommend you ask upfront what that will be (different packages have differing fees). Easy redraw process, good online platform. Our interest rates are now 1.99% for our home loan and 2.29% for our investment loan (both P&I variable). We are happy we made the switch, even if the loan application process can be quite lengthy.
Incredibly Low Rate & Excellent Customer Service
Very happy with Reduce Home Loans. Not only was the rate exceptionally low but Bryce was extremely helpful supporting us during the application process. Communication was seamless throughout the process too. Highly recommend.
Questions & Answers
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?
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?
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.
I am an existing customer my rate was 2.42% it will soon reduce to 2.27%. I have not experienced any issues with rates, although I have noticed they are now advertising at 1.77% so do not reward loyalty. The process to refinance is beyond slow, frustrating and you need to jump through hoops expect it to be even months before it is finalised. So you need to weight that up.
I am also an existing customer at current rate of 3.94% IO Investor loan when current advertised is 3.19% for the same product. Contacted my manager who said that no improvements to rate are possible. I'm now looking at refinance for 2 loan products elsewhere closer to the advertised Reduce interest rate. No reward once you are signed up.
They don’t reward loyalty. It’s disgusting they advertise new loans 0.5% lower than loyal customers. Also the discharge fees are excessive!
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