Beat Home Loans

Just as there are hundreds of home loans in Australia to choose from, there are also numerous home loan providers, especially when you look past the traditional perception of lenders as ‘just the big banks’. Non-bank lenders such as Beat Home Loans have been able to shake up the Australian home loan market by offering more targeted loan products – with a range of just four loans – and waiving the common home loan costs such as application fees and monthly charges.

Home Loan	Details	Interest Rate (p.a.)	Comp Rate^ (p.a.)	App Fee / Ongoing Fee	Max LVR	Min & Max Borrowing
Beat Home Loans Rate Beater	Guarantees to beat the interest rate on any other loan. With a linked VISA debit card	6.57%	6.58%	$0 / $0	80%	$50,000 / $500,000
Beat Home Loans Fixed Loan	A secured interest rate for the duration of your loan term	4.00%	5.86%	$1895 / $0	95%	$50,000 / $1,000,000
Beat Home Loans Low Doc Loan	A loan tailored for the self employed borrower	4.00%	5.86%	$1895 / $0	80%	$50,000 / $1,000,000
Beat Home Loans Beat Options	Enjoy a low rate and low fee. Linked to a VISA debit card	6.00%	7.78%	$1895.00 / $0	95%	$50,000 / $1,000,000

Home Loans from Beat

Beat Home Loans have a small range of loans, but they do what they do well, not to mention affordably. The range of Beat home loans includes:

• A basic variable home loan.
• A standard variable loan. With a few more features and even fewer fees, you are again free from ongoing fees, application, settlement, valuation and legal fees. The standard variable loan allows you to make free redraws using your Visa debit card, or 5 free redraws online where subsequent transactions are $20 each. You can also choose variations such as changing your loan amount, splitting your loan or change from principal and interest repayments to interest only.
• A fixed home loan. The Beat fixed rate can be locked in for 3 years so that you can more easily budget for your mortgage repayments, and add a little more flexibility by splitting the loan. Additional repayments attract additional charges and there are no redraw options.
• A low doc loan. For borrowers who cannot provide the necessary paperwork to prove their income, you can apply for the fully featured low doc loan. You can make unlimited additional repayments or redraw, and have 5 free online redraws each month, or free redraws using your debit card where just debit charges apply. There is also no charge for variations to the loan amount, or to split the loan or change the repayments, and there is no ongoing, application, settlement, valuation or legal fees.

The Benefits of Beat Home Loans

Beat Home Loans allows you to borrow up to 95% of the value of your property, so you need to provide just a 5% deposit. If you are applying for a low doc loan you can only borrow up to 80% of the property value, but your loan amount is lower as are your repayments, building equity more easily.

You can also manage and view your home loan account through online banking and if you take advantage of a linked Visa debit card from Beat, you can cut down even further on your home loan costs. All Beat home loans are portable so you don’t have to worry about expensive exit fees if you move home or want to refinance because you can keep your loan and your unique non-bank lender.

Just as you were thinking that the home loan market was monopolised by the big lenders, don’t forget that there are other options out there. Lenders like Beat Home Loans are regulated in the same way as the big banks so you know your home and your loan are secure, but you are not being subjected to higher loan fees because of your lender’s higher overhead costs.

Related Resources

• Beat Home Loans Beat Options
  With the Beat Home Loans Beat Options you can get the most from your mortgage by enjoying a low rate and low fee with the benefit of also being able to redraw against equity you have saved through extra repayments. Find out more of what this great loan has to offer.
• Beat Home Loans Fixed Loan
• Beat Home Loans Low Doc Loan
• Beat Home Loans Rate Beater