MyBudget Loans

The purchase of a home is one of the biggest decisions in our lives. A mortgage should not be a burden on our finances, but instead something that allows us to live the life we deserve.


MyBudget Loans has been established with that in mind. We exist to make sure that our clients can unlock the possibility of owning their own home, using responsible, ethical lending practices.


We are absolutely committed to improving the financial health of the world, and we recognise that access to appropriate mortgages can be a vital part of that. That's why it is so important that we connect our clients with the right kind of loan for their specific circumstances.


By using a panel of different lenders as well as our own specific lending options, we can find solutions for new home purchases, mortgage refinancing, debt consolidation and even investment properties.

How we can help

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    Credit problems?

    You may have had loan arrears, paid or unpaid defaults, judgments against you or even been through bankruptcy. That’s in the past, but the banks may still refuse your loan application. MyBudget Loans can pave the path to an affordable, appropriate mortgage.

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    I don’t fit the traditional criteria

    MyBudget Loans can help borrowers who do not fit the criteria of traditional lenders to secure mortgage finance. People in these circumstances are sometimes referred to as the 'non-conforming' segment. MyBudget Loans focuses on this as specialist lenders.

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    What does the service cost?

    Absolutely nothing! The MyBudget Loans service is free to you. We are paid by our panel of lenders. Our leverage with lenders means that we can often save our clients substantial amounts of money through reduced fees, charges and interest.

Are you an existing MyBudget Loans client?

Follow the links below to access your internet banking. Tap the BSB for your loan product to log in directly.

Why do we offer home loans?

MyBudget Loans has been established to help clients have a home loan better suited to their financial situation. The team members at MyBudget Loans dedicate themselves to helping individuals and families improve their financial position and reach their financial goals through budget management.

There was a clear need to create a service that was able to find the right loan for their clients whilst offering the same levels of understanding and customer service that MyBudget clients have come to expect. Out of this need, MyBudget Loans was born. MyBudget Loans, like MyBudget, is dedicated to helping you achieve a positive financial outcome that aligns with your current and future financial goals. We do this by finding the loan best suited to your individual needs.

Whether you need to refinance, are looking to buy an investment property, or are a first homebuyer, MyBudget Loans will find the loan that best works for you. We have access to hundreds of loans from over 40 different lenders.

MyBudget Loans is dedicated to excellence in customer service and will personally assist you through each step of the process, from gathering the required documentation all the way through to final settlements.

Call us at 08 8215 7519 or email myloan@mybudgetloans.com.au to learn more!

Refinancing and consolidating your debts

Consolidating all of your debts into one loan can be an effective way of managing your finances. Generally, home loans have a lower interest rate than other loan types such as personal and car loans or credit cards. By rolling all of your debts into one loan you can save on interest and make only one payment. This will allow you to free up cash or pay the loan off faster.

A debt consolidation loan can be an effective debt reduction strategy if you utilise the saving in interest to service the newly consolidated debt. This is important, as often when you roll all your debts into a home loan, you may be converting unsecured debt into secured debt. Talk to MyBudget Loans and discuss the benefits and disadvantages of debt consolidation to help you determine whether it is the right strategy for you. That said, if debt reduction is your aim then perhaps a loan is not what you need! We are interested in providing you with solutions that suit your financial situation, not just providing you with a financial product.

MyBudget specialises in helping people achieve their financial goals and can help you consolidate your debts without a loan. It may turn out that for your situation, a debt consolidation loan is ideal, or it may not. A consultation with a MyBudget Personal Budgeting Specialist is free and carries no obligation, and that's the best place to start.

First Home Loan

Buying a home is often the largest financial undertaking many people ever make. It’s important to get things right. Finding the right home is often hard enough, let alone working out which of the myriad of financial products on the market is right for you. Then there is working out how much you can borrow, how much deposit you need, and gathering the correct documentation. Let’s not forget the first homebuyer’s grant. The process can often be a daunting prospect.

MyBudget Loans will help you at every step of the way (perhaps it's better if you choose your own home, though). We will look at your financial situation now and what your goals are for the future, and find the most suitable loan for you. We will guide you through the process, from the first homebuyer’s grant, through gathering your documentation and to final settlement. Let us show you how buying your first home can be an enjoyable and rewarding process. We will find the best loan for you from the hundreds available from our panel of over 40 different lenders.

MyBudget Loans can have your loan pre-approved so you can negotiate the purchase of your new home with confidence.

Renovating your home

MyBudget Loans arrange renovation loans for people who wish to renovate, improve or extend their existing home or investment property. Once you have plans and specifications for the work, council approvals and a fixed price builder’s contract, we can arrange the right loan for you. Payments to your builder are generally done in stages as the work is completed, which means that you only pay interest on those payments. When the work is completed you then make normal monthly repayments.

Investment loans

Many people like to invest in “bricks and mortar”. Buying an investment property is often perceived as less risky than other types of investments like stocks and shares, as property is tangible and can provide rental income, tax concessions and potential capital gain. MyBudget Loans can help you unlock the equity you have built up in your home to finance the purchase of an investment property, or enter the market with your first property!

Buying a home, paying off part of the loan and borrowing against that equity to finance the deposit for another property is a popular investment strategy. Some financial institutions will lend up to 110% of the purchase price of an investment property depending on the value of your home and how much of it you own.

MyBudget Loans will help you find the most suitable deal to buy your investment. The amount you will need for a deposit can vary depending on the financial institution, the type of loan you need and your financial situation.


If you are self-employed and want a home loan but don't have your financial records totally up to date, MyBudget Loans can arrange a LowDoc (Low Documentation) Home Loan to save you the time and money in having to prepare financial records.

A LowDoc Home Loan is ideal for those people who are:

  • Self-employed
  • Yet to complete financial records
  • Short term self-employed

Generally LowDoc home loans are available for those borrowers who are self-employed with a financial situation that makes it difficult to verify their income.

Terms and Conditions

MyBudget Loans works alongside MyBudget.

MyBudget Loans has a separate ACN 613 857 104 and has a credit licence: Australian Credit Licence 492064.

Terms and Conditions apply, and lender fees and charges may be payable. MyBudget Loans does not guarantee loan approval as each individual loan application is subject to a formal assessment.

Copyright 2018 MyBudgetLoans Pty Ltd.

Maximum Interest Rate Charged

We offer a variety of interest rates on our home loans that vary depending on your individual situation. Currently, the highest rate you could expect to pay on a new home loan is 8.11% per annum. This particular rate is applicable for applicants that have had credit issues in the past such as bankruptcy or credit defaults. However, the majority of our clients are offered an interest rate lower than the standard variable rate offered by the banks.

Fees Charged

The Fees you will be charged can vary depending on the circumstances associated with your home loan application, the type of loan selected and the value of your property. For example, the standard upfront fees charged could be:

• Application Fee up to $990
• Valuation Fee: $330 or as charged by the Valuer

Other Fees that may be charged are those by Solicitors, Mortgage Insurers or the Lender of your loan. Contact us direct to find out what fees would be applicable to your situation.

Want more information about MyBudget Loans?

Call us at 08 8215 7519 or email myloan@mybudgetloans.com.au