Rates & Fees
We’ve designed our home loans to be the best value in market if you don’t have a ‘full deposit’.
Our products are designed for people with less than a 15% deposit
Our products give you the flexibility to balance between upfront fees and interest rate to make the most of your circumstances.
Whatever your choice, all our products are designed to provide better value than loans with Lenders Mortgage Insurance (LMI).
Our products
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Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable
Owner Occupier - P&I - rates from
6.14
% p.a.Interest rate*
6.34
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
We’ll always beat LMI
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable
Owner Occupier - P&I - rates from
6.35
% p.a.Interest rate*
6.53
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable
Owner Occupier - P&I - rates from
6.54
% p.a.Interest rate*
6.77
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
We’ll always beat LMI
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable
Owner Occupier - P&I - rates from
6.65
% p.a.Interest rate*
6.85
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable
Owner Occupier - P&I - rates from
6.14
% p.a.Interest rate*
6.43
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
We’ll always beat LMI
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable
Owner Occupier - P&I - rates from
6.35
% p.a.Interest rate*
6.61
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable
Owner Occupier - P&I - rates from
6.54
% p.a.Interest rate*
6.87
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
We’ll always beat LMI
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable
Owner Occupier - P&I - rates from
6.65
% p.a.Interest rate*
6.94
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable
Owner Occupier - P&I - rates from
6.14
% p.a.Interest rate*
6.48
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
We’ll always beat LMI
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable
Owner Occupier - P&I - rates from
6.35
% p.a.Interest rate*
6.66
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Ultra Low Rate
Our lowest interest rate. If you’ve got a strong deposit, a great option to maximize your purchasing power
Variable
Owner Occupier - P&I - rates from
6.54
% p.a.Interest rate*
6.93
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
We’ll always beat LMI
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Low Rate
The best of both worlds - low upfront costs and a competitive rate
Variable
Owner Occupier - P&I - rates from
6.65
% p.a.Interest rate*
6.99
% p.a.Comparison rate**
One-off fees
Rate Reduction Fee (Capitalised)
60-70% of the Ultra Low Rate fee
LMI
$0
Valuation Fee
$395
Settlement Fee
$395
Always included
Unlimited Free Pre-payments
Free Online Redraw with Primary Loan
No Application, Annual or Ongoing Loan Fees
Refinance Anytime
Home Loan Specialist to Assist You
Common q’s
Why do we charge a Rate Reduction Fee?
The purpose of our products is to lower the cost of ownership for aspiring homeowners. When choosing a low-deposit home loan, customers are often balancing the interest rate and upfront cost (finding the right product based on your income and expenses, and also the deposit you’ve saved).
We seek to cover this spectrum by varying both the Interest Rate and Rate Reduction Fee across our products. By charging the Rate Reduction Fee, we’re able to reduce the interest rate on our Low Rate and Ultra Low-Rate products.
Why do we provide a split loan?
All our loans are split into two parts: a larger Primary Loan (0–80% LVR) and a smaller Secondary Loan covering the remaining portion.
This structure allows us to offer competitive rates to borrowers regardless of their LVR.
Both loans have the same interest rate and term, and are managed through the Skip borrower app. The Primary Loan also includes a redraw facility.
We’ve minimised those pesky fees!
We work hard to make sure you keep more in your pocket.
Application fee
$0
Monthly Fee
$0
Annual Fee
$0
Online redraw fee
$0
Discharge fee
$795
Government and third-party fees
Unavoidable, unfortunately.
Government Refinance Costs
These vary by state, but include title registration, discharge of mortgage, and title search fees.
Around $140 - $300
Stamp duty
Dependent on your property value and which state you're in.