Loan Ave Home Loan Review | Expert’s Review

Overview

flagFounded: 2005

businessOwned by: Yellow Brick Road

monetization_onFunded by: Bendigo and Adelaide Bank

securityLMI Provider: Bendigo and Adelaide Bank

account_balanceLender type: Non-Bank Lender

error

Loan Ave is not an available lender on our panel. This is a review only.

Loan Ave (also called Loan Avenue) is a non-bank lender that offers specialist home loan services to niche borrowers. With a variety of home loan options, it focuses on providing tailored loans to meet the individual goals of borrowers.

Loan Ave is a member of the Mortgage & Finance Association of Australia (MFAA), which is a national industry body that administers the activities of the finance industry. It also operates under The NCCP Act.


How Do Loan Ave’s Home Loans Compare?

Pros Cons
  • Competitive interest rates
  • Special assistance schemes for first home buyers
  • Refinancing and debt consolidation
  • Tailored home loan services
  • Owner-occupied and investment options
  • 100% offset accounts
  • No-fee home loans
  • Low-doc loans for the self-employed
  • Lines of credit
  • Suitable only for a one-off transaction
  • Does not collect deposits (relies on funders)
  • Does not have a credit rating system of its own
  • Does not have its own branches
  • Difficult to get an exception for high debt or unsteady income
  • No split-mortgage facility

If you need more assistance determining whether this lender is right for you, our specialist brokers can help. Give us a call on 1300 889 743 or fill the enquiry form.


What Home Loan Types Does Loan Ave Offer?

The specialty of Loan Ave is customised home loan solutions, as it understands the unique needs of different borrowers. It has a wide range of home loan services to offer.

Bridging finance

This financing option allows homeowners to buy a new house before selling their current one. Loan Ave makes it possible for borrowers to waive repayments on the new home loan for the bridging period while selling their existing home. Up to 95%* of the value of the new home (plus any associated fees and charges) can be borrowed.

Alt-doc loans

The main idea of Alt-doc loans is that they require less paperwork and fewer financials, making them ideal for self-employed borrowers. These low-doc loans give borrowers access to features like flexible repayment options, redraw facilities and 100% mortgage offset on standard variable-rate loans and few fixed-rate products. Up to 80% of the value of the secured property (subject to the type and location) can be borrowed.

Specialist loans

At Loan Ave, specialist loans may exceed 80 per cent of the security’s value and the interest rate is based on the severity of the credit history. Specialist loans work best for applicants with a poor credit history or for those with an unstable employment history.

Construction loans

Loan Ave sources wholesale funding and offers construction solutions for the widest range of customer requirements. Whatever your construction loan needs are, chances are Loan Ave provides the solution for you – including for self-employed borrowers.


Tips For Applying With Loan Ave

Loan Ave says considering the following things before you apply for one of its loans works best:

  • Study the Loan Ave Credit Guide
  • Browse the benefits of the Premium Product Range, Flexi Product Range and Advantage Product Range
  • Consult Loan Ave to find out the exact costs and interest rates applicable to your individual situation

Comparing Loan Ave With Other Lenders

If you need assistance finding the ideal lender for your situation, Home Loan Experts can help.

Talk to one of our specialist mortgage brokers. 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.

pin_drop

Australia-wide services

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

monetization_on

Get incredible interest rates

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

thumb_up

We get tough loans approved

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

favorite

Our customers love us

We receive hundreds of love letters from our customers.

Discover more reasons to use Home Loan Experts

We’re experts at
finding the right home loan solution for our customers

Find out if you qualify Talk to expert