Bad Credit Home Loan Interest Rates?

When it comes to bad credit home loan interest rates, they really can vary greatly between non bank lender and private lender.

If you add around 1% p.a to the normal standard variable home loan rate advertised by the banks, then this would be a good starting point for where bad credit home loan rates start.

Bad credit home loan interest rates start at around 3.99%p.a (Comparison rate 4.55%p.a**).

When you have just one small credit default, and you require a home loan purchase or home loan refinance, you will be penalised for your bad credit by way of higher fees, an LVR (loan to value) reduction and/or higher interest rates, or a combination of all three, to some degree.

Start your home loan journey by speaking with a home loan broker trained in bad credit home loans, or what are also sometimes called, non conforming home loans.

Bad credit home loan brokers can provide you with some guidance as to your expected interest rate, fees and the like based on your current individual circumstances.


**Terms, conditions, fees, charges, lending criteria apply and are available upon application. Interest rate current as at 12/01/2016 and is subject to change. 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. The home loan rate example is based on a $250,000 home loan over 30 years making principal and interest repayments with a 30% deposit upfront.