Homeloans Accelerate Red


No Lender’s Mortgage Insurance (LMI) or credit scoring

Lender’s Mortgage Insurance is not applicable to Homeloans Accelerate loans, meaning that the application does not need to meet the approval of mortgage insurers. Please note a LMI waiver fee applies to all loans.

Up to 95% LVR for purchases

The Homeloans Accelerate Red is available to 95% LMI for purchases and 85% for all other purposes.

Credit impairment considered

Applications will still be considered despite credit impairments including defaults and discharged bankruptcies.

No genuine savings required

Homeloans Accelerate Red is available without the need to demonstrate genuine savings, meaning your deposit can be in the form of a gift or inheritance.

Flexible repayment options

Repayments can be made weekly, fortnightly or monthly, and loan terms can be up to 40 years.

Flexible cash out policy

This loan is available for cash out up to 85% LVR for acceptable business purposes including Payout ATO debts, Working Capital and Purchase of business equipment.

Features shown apply to Full Doc loans. Credit criteria and features may vary for Alt Doc loans.

Interest Rates

Homeloans Accelerate Red Variable Rates

Loan Accelerate Red Accelerate Red PLUS
LVR Interest rate Comparison rate Interest rate Comparison rate
LVR Up to 65% 5.29%pa 5.58%pa 5.44%pa 5.85%pa
LVR 65.01% – 70% 5.49%pa 5.78%pa 5.64%pa 6.05%pa
LVR 70.01% – 75% 5.69%pa 5.98%pa 5.84%pa 6.25%pa
LVR 75.01% – 80% 5.84%pa 6.13%pa 5.99%pa 6.40%pa
LVR 80.01% – 85% 6.34%pa 6.63%pa 6.49%pa 6.91%pa
LVR 85.01% – 90% 6.64%pa 6.93%pa 6.79%pa 7.21%pa
LVR 90.01% – 95% 6.94%pa 7.23%pa 7.09%pa 7.51%pa

Investment and/or Interest Only repayments available on Homeloans Accelerate Red PLUS option only.

Alt Doc Interest Rates

Fixed Interest Rates

Homeloans Accelerate Red Alt Doc base rate (Variable) Comparison rate
5.64%pa 5.93%pa

The base rate applies to loans with LVR <=65%. For other loans please note below rate adjustments.

LVR Variable rate adjustment
65.01% up to 70% +0.20%pa
70.01% up to 75% +0.40%pa
75.01% up to 80% +0.56%pa
80.01% up to 85% +1.20%pa

Please note that interest rates may vary subject to level of credit impairment or other factors. Credit criteria and product features may vary for Alt Doc loans. Please speak to a Homeloans consultant for more information.

Ready to Get Started?

Interest rates on this site were updated on 15 Nov 2018. Rates shown apply to new business only and may vary before your loan is settled. Rates shown do not apply to all loan sizes, purposes, repayment types, scenarios or LVRs. Click on the loan name for more information. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms & conditions, fees, charges and credit criteria apply.