flagFounded: 1972; Went online in 2017

businessOwned by: Privately Owned

monetization_onFunded by: Adelaide and Bendigo Bank

securityLMI Provider: Genworth and QBE

account_balanceLender type: Non-bank

Well Home Loans (WHL) has its roots in home loans and mortgages, stretching back about 40 years.

The specialist lender was founded in 1972 by Vernon Spencer, who also issued one of the first residential mortgage-backed securities. WHL is 100% family-owned and operated, tending to customers with the utmost personal care. It has a number of funding sources, including Australian banks and funds via their own securitisation program.

The non-bank lender is renowned for its low interest rates and the facility to have 100% offset accounts on fixed-rate loans. The business has evolved a lot over the past 40 years; it has been an online-only lender since 2017. Yet it remains dedicated to making the home loan process effortless and accessible.

How Does Well Home Loans Compare?



  • Non-resident mortgages not available
  • No branch access
  • High application fees
  • High-interest rates for borrowers with less than 5% deposit
  • High upfront fee for borrowers with bad credit history
  • Mortgage risk fee for borrowers with bad credit history

What Home Loan Types Does Well Home Loans Offer?

WHL is renowned for its award-winning loan schemes. Its Well Balanced home loan product offers interest rates that are flexible yet low. It offers low-rate investment home loans and low-rate owner-occupied home loans as its main products.

Free redraws, additional repayments and a 100% bank-backed offset account are also available, potentially reducing the interest charged on your loan. Split loans are offered for clients looking to make the most of fixed-rate and variable rate mortgages.

The Application Process

You will need to be an Australian citizen or a permanent resident between the ages of 18 and 65 to apply. You will need to provide:

  • Personal, contact, and email address details of the applicant
  • Income statements
  • Statement of debts
  • Identification, such as a passport or driver’s license

Since no credit checks are required, you can find out if you qualify for a home loan in 60 seconds by filling out the Wellcheck form.

Tips For Applying With Well Home Loans

WHL provides extensive services for both home loans and refinancing. Since the implementation of an online-only model, it has excelled in customer service, providing the personal touch you would expect from a 100% family-owned business. This lender is a good option if you are comfortable with dealing online. Loan consultants will be with you throughout the entire home loan journey.

To start your journey, fill out the form to find out whether you qualify. Here’s a pro tip; if you qualify and have a good credit history, you may get a personalised rate.