Following Reserve Bank of Australia’s decision to increase the cash rate by 0.50%. RAMS will increase home loan variable interest rates by 0.50% for new and existing customers effective 18 Aug 2022
  • Whether a first-time buyer or self-employed, a RAMS home loan has flexible options to make the loan work better for you.

  • Fast-track your purchase

    You could get into your home sooner and save on mortgage insurance 

    • Ideal for: First home buyers

      The support of family can be priceless when trying to grow that deposit to buy your first home. One option available is for a parent or sibling to provide a limited guarantee.

      How does this work?

      A guarantor simply provides RAMS with a guarantee (or security) for an amount equivalent to a certain percentage of the purchase price, supported by a mortgage over their existing property.

      The primary security for the mortgage will still be the property you intend to buy. To use a guarantor, you (the applicant) must be able to service the entire mortgage on your income.

      What this means for the borrower 

      • Where the LVR exceeds 85% evidence of 5% genuine savings is required.
      • Potential to save on lender's mortgage insurance costs. 

      What this means for the guarantor 

      • Only liable for the agreed amount under the guarantee (i.e. not the full loan amount) plus reasonable enforcement expenses
      • Not liable for scheduled monthly repayments
      • Can be released from the guarantee on application once LVR on the secured property falls below 80%. In exercising its discretion, RAMS takes into consideration the LVR and RAMS lending criteria applicable at the time. Fees apply. 

      What home loans are eligible?

      RAMS Fast-track using a guarantor is available on home loans for owner occupiers plus investors, as well as for construction purposes where a fixed price contract and plans are supplied.

      Note: Fast-track is not available for Line of Credit and Self-employed loans.

    • Full feature home loan

      An all-in-one home loan with a transaction account, redraw option and ability to deposit salary stra...


      Fixed Rate Home Loan (Packaged)

      RAMS fixed rate home loan has protects you against rate changes during the loan period.


      Essential home loan

      A simple, clear to understand home loan to help you with one of the biggest purchases in life.


  • Home loan calculators

    How much could I borrow?

    Excludes super, packaging or Fringe Benefits as well as bonuses, overtime and share options.
    $
    $
    Rent you're receiving now / expect to receive.
    $
    Like dividends, bonuses, loadings, packaging or other Fringe Benefits – excludes salary and super.
    $
    $
    $
    e.g. $15k credit limit + $5k overdraft = $20k
    $
    $
    Repayments on the home you live in, if none leave blank.
    $
    Repayments on all your investment properties, if none leave blank.
    $
    e.g for a holiday
    $

    Please enter a valid postcode

    You could borrow up to

    ${{data.loans[0].borrowingPower | number:0}}

    Assuming a {{ data.loans[0].loanPeriod.initial }} year term

    at an interest rate of {{ data.loans[0].interestRate.ongoing.percent }} % p.a.

    Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

    How much could my repayments be?

    $
    years
    % p.a.
    years

    Based on the amount you want to borrow, an estimate of your minimum repayments is

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    over {{ data.loans[0].loanPeriod.initial }} years

    Interest only repayments in the first {{ data.loans[0].loanPeriod.interestOnly }} years

    ${{ data.loans[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}} a

    and, principal and interest repayments for the remainder of the life of the loan

    ${{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}} a

    Call us on 13 RAMS, thats 13 7267 about your situation to find the best solution for you.

    You would save

    You would pay an extra

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    in interest over the life of the loan

    $ {{ data.loans[0].calculators.initial.initialInterestOnlyRepaymentByPeriodTotal | number:2}}

    $ {{ data.loans[0].calculators.initial.initialRepaymentByPeriodTotal | number:2}}

    Total payable

    ${{data.loans[0].calculators.initial.total.payable | number:2}}

    Interest - ${{data.loans[0].calculators.initial.total.interest | number:2}}

    Principal - ${{data.loans[0].calculators.initial.total.principle | number:2}}

    $ {{ data.loans[0].calculators.compare.comparisonInterestOnlyRepaymentByPeriodTotal | number:2}}

    $ {{ data.loans[0].calculators.compare.comparisonRepaymentByPeriodTotal | number:2}}

    Total payable

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    Interest - ${{data.loans[0].calculators.compare.total.interest | number:2}}

    Principal - ${{data.loans[0].calculators.compare.total.principle | number:2}}


    What are the upfront costs and ongoing?

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    You would need a deposit of ${{data.loans[0].calculators.upfrontCosts.depositRequired | number: 0}}

    Your estimated upfront costs would be

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    Your estimated ongoing costs would be

    ${{ data.loans[0].calculators.ongoingCosts.totalOngoingCosts | number:0 }} per month

    Upfront costs

    Government fees

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    $ {{ data.loans[0].calculators.upfrontCosts.government.transfer | roundup | number : 0}}

    $ {{ data.loans[0].calculators.upfrontCosts.government.stampDuty | roundup | number : 0 }}

    $ {{ data.loans[0].calculators.upfrontCosts.government.mortgageDuty | roundup | number : 0}}

    Government grants

    $ {{ data.loans[0].calculators.upfrontCosts.government.firstHomeGrant | number : 0}}

    If you are building new home and the total value of land and building is up to $750,000 then you may be eligible for First Home Owner Grant. Please refer to Office of State Revenue website for further details.

    The First Home Owner grant is based on assumption that the total value of land and building is less than or equal to $750,000.

    RAMS fees

    $285 Loan settlement fee and $595 Application fee waived for RAMS Full Feature, Fixed Rate and Line of Credit home loans with a Value Advantage Package ($149 p.a.) - ie those two fees are $0.

    RAMS Essential and Fixed Rate Classic home loans are not eligible for a Value Advantage Package.


    Lender's Mortgage Insurance

    $ {{ data.loans[0].calculators.upfrontCosts.lmi| number : 0}}

    Other upfront costs to consider

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    $ {{ (data.loans[0].calculators.upfrontCosts.pestInspection.value != '') ? (data.loans[0].calculators.upfrontCosts.pestInspection.value | number: 0) : '        ' }}

    $ {{ (data.loans[0].calculators.upfrontCosts.conveyancingFee.value != '') ? (data.loans[0].calculators.upfrontCosts.conveyancingFee.value | number: 0) : '        '}}

    Ongoing costs

    Repayments

    $ {{ data.loans[0].calculators.ongoingCosts.repayments | number : 0}}/month

    Assuming a {{ data.loans[0].loanPeriod.initial }} year loan term on RAMS Essential Home Loan with a variable interest rate of {{ (data.loans[0].calculators.upfrontCosts.residencyType == 0) ? data.loans[0].interestRate.ongoing.percent : data.loans[0].interestRate.ongoingInvestor.percent }}% p.a., comparison rate* of {{ (data.loans[0].calculators.upfrontCosts.residencyType == 0) ? data.loans[0].interestRate.comparison.percent : data.loans[0].interestRate.comparisonInvestor.percent }}% p.a. and $0 account keeping fee.

    If you wish to calculate your estimated monthly repayments using a different interest rate, please use our How much could my repayments be calculator.

    RAMS fees

    RAMS Full Feature, Fixed Rate and Line of Credit home loans are eligible for a Value Advantage Package ($149 p.a.). (Please note: Whilst the Package Fee is paid annually, 1/12th of the annual fee is included in “Your estimated ongoing costs” above)

    RAMS Essential home loans have no Account Keeping Fees and are not eligible for a Value Advantage Package (ie those fees are $0).


    Some other ongoing costs to consider

    $ {{ (data.loans[0].calculators.ongoingCosts.strata.value != '') ? (data.loans[0].calculators.ongoingCosts.strata.value | number: 0) : '        ' }} /month

    $ {{ (data.loans[0].calculators.ongoingCosts.council.value != '') ? (data.loans[0].calculators.ongoingCosts.council.value | number: 0) : '        ' }} /month

    $ {{ (data.loans[0].calculators.ongoingCosts.utility.value != '') ? (data.loans[0].calculators.ongoingCosts.utility.value | number: 0) : '        ' }} /month

    $ {{ (data.loans[0].calculators.ongoingCosts.homeContentInsurance.value != '') ? (data.loans[0].calculators.ongoingCosts.homeContentInsurance.value | number: 0) : '        ' }} /month

  • Blogs and videos for home buyers

    Offset accounts are transaction accounts linked to your home loans which can help to reduce the amount of interest that you pay on your home loan
  • Fees, conditions, limitations and lending criteria apply. Maximum LVR subject to loan serviceability.  1 The mortgage provided by the guarantor must either be a registered first mortgage, or a registered second mortgage behind an Australian Financial Institution provided the first mortgage does not secure a reverse mortgage.  Other conditions apply.

    The borrower must also provide a mortgage over the property they are purchasing.