New lender OneTwo rewards clients with ongoing discounts on home loans

OneTwo is one of the newest lenders in the country and is on a mission to reward borrowers for their loyalty. The lender has launched their own automatic low rate home loan, where you get discounts as you pay off your mortgage.

It’s an approach that helps OneTwo stand out from the crowd.

“We are determined to do something different in the market,” said Liz McCarthy, Chief Marketing Officer of OneTwo.

While a loyalty discount is one aspect of OneTwo’s offering, it also focuses on customers. The company says it wants to make the mortgage application process as easy as a “one-two” by starting a conversation rather than an application. To help with this, customers use an interactive video where they can get help from the OneTwo customer service team face to face.

While OneTwo isn’t the first Australian lender to try to facilitate home loans, it is one of the few lenders to reward clients for their loan repayments.

Related: homeloans.com.au Rewards Customers With Home Loan Rate Cuts

Let’s take a closer look at his low rate loan.

The OneTwo reduced rate variable rate mortgage
  • 1.99% pa (comparison rate 1.89% pa *)
  • Get discounts as you pay off your loan
  • Additional matched refunds up to $ 2,500 after first six months

OneTwo offers a low starting variable rate of 1.99% pa (1.89% pa comparison rate *) for homeowners wishing to refinance their mortgage. As the name suggests, you’ll enjoy discounts as you pay off your loan over time: OneTwo says your interest rate will be reduced by 0.03% every time you pay off 5% of the loan. initial amount of your loan (up to a maximum of 0.15%). The lender will also match any additional repayments made after the first six months, up to a total of $ 2,500. OneTwo does not have a signup, record keeping, or exit fee, but keep in mind that you might be charged late fees if you miss a refund. There are also no clearing accounts or withdrawal capabilities with this loan.

How does OneTwo compare to other home loans?

To begin with, the OneTwo low-rate variable-rate mortgage has variable rates from 1.99% pa (comparison rate of 1.89% pa *), which 113 basis points below the average of the variable rates of 3.12% in the Mozo database. It is also among the lowest variable home loans available in our database.

If you pay off 25% of your original loan amount, you could end up with a 0.15% discount on your interest rate. Put it 128 basis points below the average of the variable rates in Mozo’s database.

Currently, OneTwo home loans are only open to homeowner refinancers, but he says he plans to offer more home loan products very soon.

To learn more about OneTwo’s refinancing offering, including all the features and rates involved, read our review of the Rate Reducing Variable Rate Home Loan.

If not, see how OneTwo stacks up against other great refinance deals in the table below, or check out Mozo’s Home Refinance Home Loan Comparison Center.

* CAUTION: This comparison rate only applies to the example (s) given. Different amounts and conditions will result in different compare rates. Costs such as redemption or prepayment charges, and cost savings such as fee waivers, are not included in the comparison rate but can influence the cost of the loan. The comparison rate displayed is that of a guaranteed loan with monthly repayment of principal and interest of $ 150,000 over 25 years.

** The initial monthly repayment figures are only estimates, based on the advertised rate, loan amount and term entered. The rates, fees and charges and therefore the total cost of the loan can vary depending on the amount of your loan, the length of the loan and your credit history. Actual repayments will depend on your personal circumstances and changes in interest rates.

^ See information on the Mozo Experts Choice Home Loan Awards

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While we pride ourselves on covering a wide range of products, we do not cover all products on the market. If you decide to request a product through our website, you will be dealing directly with the supplier of that product and not with Mozo.


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