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Compare with Australia's Leading Comparison Company

Together We Save You Money

Finance Profit
Its 100% free comparision
Highly trusted by customers
Helping aussies to save

We compare a range of products from various lenders

to help you find what you’re looking for.

In seconds, Cheap Bills compares loans from the major lenders and assists you in getting online
approval. We compare from thousands of products from over 200 brands across 30+ different categories
including home loans, personal loans, credits, refinance and much more.

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Call us for impartial expert advice

1300 786 045

We are here to help you, our trained staff will help you with expert advice.

Home Loans

Home loans simplified

Compare home loans now!

We help you compare from thousands of products from over 200 brands across 30+ different categories without any hassle.

First time buyerFirst time buyer  

Moving homeMoving home  

RemortgageRemortgage  

Mortgage OverpaymentMortgage Overpayment  

Home Loans

Loan refinancing simplified

Compare home loans now!

We help you compare from thousands of products from over 200 brands across 30+ different categories without any hassle.

First time buyerFirst time buyer  

Moving homeMoving home  

RemortgageRemortgage  

Mortgage OverpaymentMortgage Overpayment  

Loans. You can trust us to help you save

Cheapbills works with multiple lendors to help you find the perfect loan as per your requirements.

About Cheap Bills

Cheap Bills uses the latest technology to match lenders and borrowers.

Tailored Loans

Tailored Loans

Cheap Bills examines your individual lending needs to find the perfect home loan for you and your situation.

Approval Support

Approval Support

We work with you through the process of applying for your home loan. We are here to provide you support and assistance along the way.

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Call  1300 786 045

All you want to know about saving money…

How much money can I borrow for a home loan? plus

How much money you can borrow for a home loan will depend on a number of factors including your employment status, your income (and your partner’s income if you are taking out a joint loan), the size of your deposit, your living expenses and any other debt you might hold, including credit cards.

A good place to start is to work out how much you can afford to make in monthly repayments, factoring in a buffer of at least 2 – 3 per cent to allow for interest rate rises along the way. You’ll also need to factor in additional costs that come with purchasing a property such as stamp duty, legal fees, building inspections, strata or council fees.

If you are planning on renting the property, you can factor in the expected rental income to help offset the mortgage, but again it’s prudent to add a significant buffer to allow for rental management fees, maintenance costs and short periods of no rental income when tenants move out. It’s also wise to factor in changes in personal circumstances – the typical home loan lasts for around 30 years and a lot can happen between now and then.

How much deposit will I need to buy a house? plus

About a decade ago, Australia's property investors and buyers could access 100% LVR (loan-to-valuation) loans with ease – in other words, you could borrow the entirety of the property's value -- and in some cases, loans as high as 105% were relatively available.

Nowadays, lending criteria from banks is stricter, and most banks and lenders have restricted the loan to valuation ratio that they’re willing to extend to borrowers.

Non-bank lenders such as RAMS are also offering up to 95% of the property value. They may also add an extra 2% to help cover lenders mortgage insurance (LMI) capitalisation. This means the borrower can get a 95% loan and then add the cost of the LMI to the loan.

The best way to find out is to submit our online form and we will assist you in getting the right loan with the deposit amount you are comfortable with.

Do CheapBills help with budgeting? plus

We will put you in touch with financers and lenders who will help you with choosing the right loan and budgeting.

What do I need to get started? plus

Getting finance with Cheapbills is really simple. Just fill out our online form and let us know your requirements. We will contact you with suitable options.

Can I trust CheapBills? plus

Cheapbills has helped over 10,000 families to get financed for their home and personal loans. Any information you share is kept secure and only shared with the lenders you are comfortable with.

Why is credit record important for loan approval? plus

Your credit history is part of the report supplied to your prospective lender by credit file monitoring organisations like Equifax. Using this report your lender will see all of your financial information and work out how much of a risk you are, assigning you a credit rating.

Before you go rushing off to apply for several loans at different lenders, be aware that your credit record also displays any applications you make for credit, even ones you do not follow through with. Having a number of applications on your record raises red flags for some lenders, so if you want to compare the deals of a few different lenders, try to do as much research as you can without filling in any paperwork (and tarnishing your credit record!). It is important to note that credit providers must obtain your permission prior to making a credit enquiry and this is usually done by providing a privacy consent.

The reason you need to keep your credit record as positive as possible is simple: any discrepancies stay there for at least five years, which may detract from your credit worthiness and hindering your chances at securing credit. You never know when you might need some extra cash, so be smart about paying your debts off on time. Maintaining a spotless record can also help you get a better interest rate on your loan, or a higher limit on your credit card.

How to easily repay loan? plus

The quickest way to pay off your home loan is to make regular extra contributions in addition to your monthly repayments to pay down the principal as fast as possible. This in turn reduces the amount of interest paid overall and shortens the length of the loan.

Another option may be to increase the frequency of your payments to fortnightly or weekly, rather than monthly, which may then reduce the amount of interest you are charged, depending on how your lender calculates repayments.

We have a strong relationship with all our home loan and business lenders and these continue to grow each year.

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If you’re starting or expanding your business you may need to obtain finance.

Carefully consider the type of finance as it could affect your tax obligations and cash flow.

Before sourcing finance:

First time buyerdetermine how much finance you will need  

First time buyerdevelop a sound business plan  

First time buyerconsider the timeframe you will need to repay the loan  

First time buyerdetermine your ability to repay the loan  

This is how a typical home loan (or mortgage) works:

1. Save a deposit: The more you save, the lower the amount you need to borrow and the less you will pay in interest over the life of the loan.

2. Apply for a loan and get it approved: The lender approves the loan in principle, enabling you to look for a property within a set budget. Once you've decided on the loan amount, you'll need to finalise the loan documents with your lender.

3. Offer the property as security: This means you pay a lower interest rate than for other loans. But, if you fall seriously behind on your repayments, the lender has the right to sell your home to get its money back.