Freedom Lend | Home Loan Experts' Review

Overview

flagFounded: 2014

businessOwned by: Privately Held

monetization_onFunded by: Perpetual Corporate Trust Limited

securityLMI Provider: Genworth

account_balanceLender type: Non-bank, Online lender

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Freedom Lend is not an available lender on our panel. This is a review only.

A non-bank lender, Freedom Lend considers its strength to be its status as a 100% local, Australian-owned home loan service provider.

Using its online-only presence to its advantage, it saves on overheads and passes on super competitive interest rates to its customers.

Freedom Lend is paid by its underwritten lenders for finding homebuyers like you. Thanks to that, chances are you don’t have to pay for its service in most cases– except for costs like legal charges and discharge fees.


How Do Freedom Lend’s Home Loans Compare?

Positives Negatives
  • Competitive interest rates
  • Flexible loan and payment options
  • Allows low-deposit home loans
  • Considers applications with credit default
  • No-fee home loans (except for government and legal fees)
  • 100% free offset account available on variable loans
  • Allows up to 95% LVR for fixed and variable loans
  • Extra repayments available
  • Free redraw facility on variable loans
  • High exit fees for some loans
  • Limited home loan options
  • No schemes for first home buyers
  • Only offers owner-occupier and investment home loans
  • Limited branch access
  • Difficult for low-doc applicants to get approved
  • High construction loan fees
  • High discharge fees when refinancing with another lender

If you need further assistance in deciding if Freedom Lend is an ideal fit for your situation, our Experts can help! Give us a call on 1300 889 743 or fill the enquiry form.


What Home Loan Types Does Freedom Lend Have?

With its online-only presence, Freedom Lend is an easy pick for homebuyers looking to avoid the hassle of a lengthy process.
The non-bank lender has options for owner-occupied and investor loans, with both principal-and-interest and interest-only repayment options.
Known for offering significantly lower costs than the big banks, Freedom Lend specialises in four major home loan service types.

Variable Home Loan

1.84% variable rate p.a. | 1.86%* comparison rate p.a.

  • Low interest rates
  • Purchase & refinance
  • Product split available
  • 100% offset facility
  • Flexible payment options
  • Allows up to 95% LVR

Fixed Home Loan

1.84% variable rate p.a. | 1.86%* comparison rate p.a.

  • Rate lock-in facility
  • Flexible payment options
  • Up to 95% LVR
  • Purchase and refinance
  • Extra repayments

Construction Home Loan

2.24% variable rate p.a. | 2.29%* comparison rate p.a.

  • Principal and interest repayment
  • Up to four product splits at no extra cost
  • Full redraw facility
  • Flexible payment options
  • Up to 90% LVR

SMSF (Self-Managed Super Fund) Home Loan

3.39% variable rate p.a. | 3.96%* comparison rate p.a.

  • Purchase and refinance
  • Product split available
  • 100% offset facility
  • Flexible payment options
  • Up to 75% LVR

Tips For Applying With Freedom Lend

Before you decide to apply for a home loan with this lender, make sure you have the following information:

  • Proof of identity (read here to see what qualifies).
  • Income statement, including last two months’ payslips or last two years’ tax returns (for self-employed borrowers).
  • Three months’ savings history, credit-card statements and bank account statements.

Comparing Freedom Lend With Other Lenders

Unsure which lender is an ideal fit for your home loan situation?

Our mortgage brokers will assess your situation to recommend a couple of suitable lender options for you.

Give us a call on 1300 889 743 or fill in our free online enquiry form.

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.

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Australia-wide services

We finance properties anywhere in Australia for people anywhere in the world.

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Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.

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We get tough loans approved

We can help you navigate the often complex pre-approval and application process.

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