flagFounded: 1985

businessOwned by: ASX listed, with NAB and Macquarie Bank as major shareholders

monetization_onFunded by: Adelaide Bank, Advantedge (NAB), ING, Pepper Home Loans, Resimac, Homeloans RMT and Macquarie Bank

securityLMI Provider: Genworth, QBE and some self-insured products

account_balanceLender type: Non-Bank, Mortgage Manager

In 2018, the company was renamed as Resimac Group Ltd. Homeloans and Resimac brand were consolidated and relaunched as Resimac.
Previous name New name
Homeloans FlexiChoice Prime Resimac Prime
Homeloans FlexiChoice Resimac Specialist
Homeloans Accelerate Prime Resimac Accelerate Prime (Discontinued)
Homeloans Accelerate Resimac Accelerate (Discontiuned)
Homeloans MoniPower Resimac ManiPower (Discontinued)
You can refer to our page on Resimac Home Loan review for more information.

Homeloans Ltd is one of the largest non-bank lenders in Australia, has the transparency of a company that is listed on the ASX and an experienced credit team.

Following the merger of Resimac and Homeloans Ltd in 2016, they now operate under a unified brand name ‘Resimac’

The major strength of Homeloans Ltd is its diverse range of funders. With one simple application, you can get funding from a variety of sources, which means a wide range of credit policies and special offers as well.

The majority of Homeloans Ltd mortgages are submitted by mortgage brokers. They’ve been a popular choice for mortgage brokers since the industry’s inception.

How do Homeloans Ltd’s home loans compare?



  • People who would prefer a major bank
  • People who want to deal with their lender through a branch
  • Their LMI or risk fee can be expensive with some funders
  • Some of their funders may take a long time to approve a loan
  • Some of their funders may change their rate after your loan is advanced
  • Some of their funders are easier to deal with directly rather than through Homeloans Ltd

What home loans types do they have?

Homeloans Ltd has a vast array of home loans products which can be a little confusing. So let’s break it down by funding source:

  • Monipower Loans are funded by Adelaide Bank
  • Ultra Loans are funded by Advantedge
  • Accelerate Loans are funded by Pepper Home Loans
  • Prosmart Loans are funded by ING
  • FlexiChoice Loans are funded by Resimac
  • Classic Loans are funded by Homeloans Ltd themselves
  • Optima Loans are funded by Macquarie bank

These loans include a dizzying array of options as each funder has 4 – 10 home loan products. So let’s not get carried away, they have something for everyone.

Tips for applying with Homeloans Ltd

Despite being around since 1985 many mortgage brokers and customers see non-bank lenders as a higher risk and don’t consider them for a home loan.

If you’d like a home loan from a non-bank lender like Homeloans Ltd, then you should find a mortgage broker who works with them regularly. Since their product range is so confusing a little experience goes a long way.

Use Homeloans’ application form to prepare for your mortgage application.

Note: This is the latest application form as of September 2014. Please refer to Homeloans Ltd for their most up-to-date document requirements.

CBA client story

Ken, VIC


To switch products from Pepper to Macquarie to get a better interest rate.


Refinance, non-resident, 457 visa, permanent resident, temporary resident, low deposit.


When William and his family arrived in Australia a couple years ago, he was knocked back for a home loan because he was a temporary resident on a 457 visa and only had a 5% deposit.

At the time, Homeloans Ltd (HLL) was the only bank doing 95% LVR (Loan to Value Ratio) mortgages for 457 visa holders.

William applied for a Pepper-funded product through one of our brokers and he had been making repayments at a fixed interest rate of our around 5.8% for the past 2 years.


Last year, William qualified for permanent residency and we were able to product switch him to a different funder (Macquarie) within HLL and get William a much sharper interest rate (4.2%).

On top of this, during that time, the market value of his property increased and we were able to refinance him at 80% LVR which meant he could avoid the cost of Lenders Mortgage Insurance (LMI).

Our mortgage broker could have suggested another lender but William chose HLL because it was going to be a simple product switch between a Pepper product and a Macquarie product.

He and his family are now saving $469 a month in mortgage repayments.

Compare Homeloans Ltd to other lenders

Not sure which Homeloans Ltd mortgage is right for you? Our Home Loan Experts can help!

Talk to one of our mortgage brokers by calling us on 1300 889 743 or complete our free assessment form.