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Reduce Home Loans

Reduce Home Loans (page 4 of 12)

4.2 from 950 reviews · View Statistics

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Emma Cornwall

Emma CornwallConder 2906, ACT

Amazing home loan we’ve never looked back

published

We switched to reduce home loans and we’ve honestly never looked back. They have been so supportive through the process of switching loans. And the money we are saving from their fantastic rate has been a life changer for our little family. We are just so glad we found them.highly recommend to anyone looking for a new home loan or looking to switch home loans to a better rate and better experience .

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t101

t101Sydney

  • 2 reviews
  • 2 likes

Very happy

published

Great service, thanks Leon!
Application went smoothly. Communication was clear via email and also had time to chat on the phone. Would recommend and use again in the future.
All the best.

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Great customer service but a long process

published

The customer service shown by Rhyse was great. Supported my wife and I through the whole process well and was a pleasure to deal with. However the actual process of application took a long time with being asked for documents on multiple occasions. However would recommend.

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Great customer service

published

I was very happy with the contact and very responsive replies from Rhyse at Reduce Home Loans. The process was quite long and a lot of documentation required to be provided (different to the big 4 banks) so just be aware of this when starting the process. Rhyse was always willing to assist with my questions. The low interest rate can't be beaten, and I did a lot of checking prior to going through with Reduce Home Loans to refinance. Some of the costs were a little hidden, which I think is something that can be improved to assist when you are making a decision to refinance in the first instance. Overall I would highly recommend.

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Robert

RobertPerth

  • 2 reviews
  • 11 likes

Fantastic rate worth a bit of effort

published

This is hands down one of, if not the best home loans available. Drop the big banks and deal with a non bank lender. Our specialist was Dane Binckes and was always happily available any time of the day to assist with our queries. The application process is not super straightforward but Dane was available to assist where required. It is worth it as I believe we have the BEST rate in Australia that will pay back again and again and again.

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Bahman

BahmanGreater Melbourne (Metropolitan), VIC

  • 2 reviews
  • 2 likes

Greate rate and helpful staff

published

We recently refinanced our home loan with Reduced Home Loan and are extremely happy with them. The staff were friendly and helpful throughout the process. The only thing that was a little bit annoying was the number of documents that they required. However, I would assume that is because of their low rate loan and the banks which work with them are a little bit cautious about choosing customers.

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Luke Banham

Luke BanhamWestern Australia

RHL provided a great service while purchasing a new home in 2019 and re-financing in March 2020

published

Reduce Homeloans provided a great service while purchasing a new home in March 2019 then re-consolidating debt March 2020 while also getting one of the lowest interest rates around. Much better than the big 4 banks. Have recommended RHL to many work colleagues and friends since. Thanks Reduce Homeloans.

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Heimana

HeimanaSouth East Queensland, QLD

  • 4 reviews

Outstanding service and excellent support

published

I have been dealing with Dane, one of the finance manager from day 1 when I first called up to understand the process and timeframe so I can confidently secure our property when making an offer. The team at Reduced has been wonderful, offering me continuous follow ups and support with the administrative paperwork. Joel from the back office has been extremely helpful and prompt given our tight deadlines to meet Finance and B&P conditions. Without any doubts in my mind, I can strongly recommend Reduce Home Loans as your lender they have the most competitive rate currently, they know what they are doing and they value you as a customer which is the biggest difference if you compare it to other lenders including the big banks.

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Great rate and easy signup

published

What more do you want in a home loan. Fantastic rate and easy signup process, no hidden nasties after the approval. Very happy overall and would recommend to others trying to save on their home loan.

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StaceJ

StaceJSouth East Queensland, QLD

  • 3 reviews
  • 1 like

Best Interest Rate

published

It was an easy application process and there were no extra costs. This was the lowest interest rate we could find, so far no problems with Internet banking, their customer service respond quickly to queries.

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Tim

TimGreater Melbourne (Metropolitan), VIC

Best variable interest rate

published

Easy application process, great customer support and the best variable interest rate in the market. Communication and feedback during the application was prompt and helpful, and absolutely no issues with the product provided.

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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.

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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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Jodie C

Jodie CSydney Surrounds, NSW

  • 2 reviews

No. 1 in service and interest rate

published

I shopped around for ages, and my own bank that I had been with for six years could/would NOT even compete with the interest rate. Dealt with the one person from start to finish. Great service. Highly recommended.

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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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Cheapest rate on the market, you can’t beat it!

published

Cheapest rate on the market, you can’t beat it! Great service, very responsive, highly recommend to anyone chasing the cheapest rate on the market, every % point adds up to save you $

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Brad G.

Brad G.Southwest, VIC

Best decision I made in a long time!

published

Nick was fantastic from the start. He took time understand my complicated situation and tailored an approach that allowed me to protect my home, free up some cash while saving a heap on mortgage repayments through a market leading rate.

He worked hard behind the scenes to meet tight finance deadlines, escalating where needed, following up and keeping me informed along the way.
I would definitely recommend after my experience and would give 6 stars if I could!

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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!

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Jojo Mundackal

Jojo MundackalSydney, NSW

Great service provided

published

Very good service provided to complement excellent home loan rate. All costs were already mentioned upfront and there were no unexpected costs. I am very satified with the rate received.

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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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Page 4 of 12
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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.

2 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?

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.

2 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.

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