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Reduce Home Loans

Reduce Home Loans (page 4 of 8)

4.2 from 991 reviews · View Statistics
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Reviews

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Very Helpful to this First Home Buyer

published

Dealing with Leon was such a pleasure. I'm a 25 year old first home buyer and I wasn't too understanding of the world of property purchasing. It's good to know that I'm getting one of the lowest interest rates in the country. I was a bit nervous throughout the whole property purchase dealing with the sales agent, solicitors and contracts; but Leon was very responsive in getting back to me and very helpful with all my questions.

Geordie
GeordieSouth-Eastern Region, NSW

Genuine customer service. Great result

published

I really appreciated the way reduced were willing to delve into my circumstances and genuinely try to make it happen rather than flick me because I didn’t tick all the boxes for the robot.
I was lucky enough to be assigned to Nick Freney and I couldn’t be happier with Nicks genuine and honest approach.
Thank you Nick, you have no idea how much this will help me.

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(1,234)

Great rate for refinancing and great service

published

Dane provided excellent service and the rates are fantastic. I can recommend reduce home loans. The paperwork looks a bit overwhelming but the team will guide you through it. In the end low rates are the reward.

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Great value loans

published

Do yourself and your bank account a favour, talk to Reduce Home Loans, spend a little time doing all the paperwork and let them save you a bucket on your loan repayments. I refinanced a couple of loans to a much better rate. Stop thinking about it and give them a call!

Perfect for those who want a non complicated loan and a good rate

published

Reduce Home Loans are a very forward thinking loan provider, they are improving the application process after receiving feedback, proving their dedication to their customers.
I choose them for the low rates, meaning more money in my pocket.
Netbank is basic, but still has everything.
Perfect for those who want a non complicated loan and a good rate

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Ben M
Ben MGreater Melbourne (Outer), VIC
  • 2 reviews
  • Verified

Very happy with the rate

published

Very happy with the rate. Only wish we had refinanced with Reduce sooner. Leon was great in getting the pre-approval and approval. Communication and timeliness of responses from the Settlements Team could be improved. Overall we are very happy with the move although we are yet to hear if the latest interest rate cut will be passed on

Raj
Raj
  • 3 reviews

Excellent customer service

published

Excellent customer service.I am really satisfied with their service .They answer all your queries very quickly & help to fill all documents.The lower interest rate is best in the market. I WOULD definitely recommend them to my friends & colleagues.

Mark C.
Mark C.South East Queensland, QLD

Very low rates

published

I found the customer service very responsive whenever I rang with questions. There were no hidden costs and I could not find a better rate on the market and I looked very hard.

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0.0
(1,234)

Friendly helpful staff.

published

Great rates making it an easy decision to change. Happy to recommend to anyone reading. Process was not difficult, a little time consuming, but no different to any other financing.

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Ben C
Ben CSouth West, WA
  • 2 reviews

Great customer care and the best home loan rates

published

Great customer care, very personal and fantastic lending rates. The lender was easy to deal with. I'd highly recommend reduce home loans for anyone applying for a home loan. A++++

Excellent

published

Great experience with reduced home loans. Best rate on the market and the process to get my loan approved was a breeze. Would recommend to anyone who's looking for a home loan.

Mohamed
MohamedVictoria

A Fantastic broker efficient, reliable extremely professional and very experienced. Honest all the way

published

Very honest and experienced . Very professional and knows his products really well. Very helpful and precise . Recommended to others who said the same. The best broker in 21 yrs. Excellent customerservice

Nick
NickWimmera, VIC

Excellent interest rates

published

The service from the broker was punctual and communication was constant throughout the process. The interest rate offered is market leading and the products available are tailored to your needs. I would recommend Reduce Home Loans and go through the process again.

scubaannie
scubaannie
  • 2 reviews
  • 5 likes

Best interest rates

published

Reduce have the lowest interest rates and it was a quick process to get approved! Good communication. It was very smooth process. Would do it again if I had to!

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0.0
(1,234)
andrew.westaway
andrew.westawayGreater Melbourne (Inner), VIC

Great service and extremely cheap rate

published

The home loan rate provided was very attractive and is initially why I went with Reduced Home Loans.
I had a short settlement date and was worried it may not be met however the team at Reduced Home Loans was able to complete the application and have contracts ready for my review and signing within 4 weeks.

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Harry Zhou
Harry ZhouGreater Melbourne (Inner), VIC

Excellent service and incredible rate

published

Before I chose Reduce Home Loan, I have some conservation about the online home loan service provider. RHL team members are extremely helpful and provide assistance on time to help me through the loan application process smoothly. Their online home loan signing experience is incredible and I would say it beat any major bank bureaucracy! I would not hesitate to use their service again and recommend it to anyone else.

Dav
DavGreater Melbourne (Metropolitan), VIC

This is what excellent service looks like!

published

Leon from Reduce Home Loans managed the process from start to finish. He was extremely knowledgeable and facilitated the two loan transactions without any issues. I would definitely recommend to anyone who looking for a quality product and huge savings.

Prasangi
PrasangiPerth, WA

Was an easy process! Guaranteed lowest interest rates!!

published

Lowest Interest rate and We save up to $400 monthly:) great customer service and so easy to approach them. Very transparent and no hidden charges. Highly recommended to anyone looking for new housing loan or switching loans:)

Brooke
Brooke
  • 2 reviews

Great customer service and an unbeatable rate.

published

I had a very positive experience with Reduce Home Loans. Gary was very prompt and explained everything very clearly. Nothing was too much trouble. The rate was the best I found. Highly recommend.

Guru K.
Guru K.Sydney, NSW

Hidden gem for home loans

published

I found Reduce home loans very professional and were working for the best interests of the client. The customer service was great with Gary fielding calls even when on holidays.

Amanda
AmandaCrace 2911, ACT
  • 2 reviews

Best move we ever made

published

Reduce have been so helpful getting us our new home loan, they took the time to fully explain every step and we there to support us at each one. We are saving hundreds each month and couldn’t be happier!

Andrea Boot
Andrea BootPerth, WA

Great home loan rates

published

Reduce Home Loans offered us a market beating rate and the option of an offset account (great if you've got savings with current low returns on savings accounts). The application process is straightforward and completely online. Account managers are responsive when needed (not that we needed much assistance). We had to pay $250 valuation fee, up front which was refunded upon settlement. Online banking is available; there aren't many whistles and bells with the online accounts but that really isn't an issue.

Great Interest rate Reduce Home Loans

published

The customer service was great, online submitting of documents was easy and overall it was a good experience. I would recommend others look at Reduce as the interest rate is very competitive.

Paul F.
Paul F.Victoria

Amazing.

published

Fantastic, easy to deal with.had a very smooth transaction refinancing my home loan and saving thousands on interest. My interest rate was second to none. No hidden costs everything explained.

Laurius V.
Laurius V.Greater Melbourne (Inner), VIC

Great Rate

published

The interest rate was really good. It event got reduced with the cash rate cut that happened during the application period. Not the whole .25% but final rate was still very competitive. We had to fill quite a few documents, but it wasn't too hard. Customer support answered all the questions we had. We've got approved in 3 weeks and it took another 8 weeks to settle. I'm not sure is it wast or not, but in the end, for us it was the rate that mattered, not the speed or other fancy features, so we are happy.

Page 4 of 8

Questions & Answers

Aussiebloke34
Aussiebloke34asked

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?

No answers
Alex D
Alex Dasked

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.

3 answers
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

$895!
Most big banks average $300!
My mortgage will be discharged in 3 weeks. Yey.

Simmo
Simmoasked

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.

3 answers
Debstar
Debstar

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.

ALS
ALS

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.

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!

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