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RATES FROM

Owner Occupied

6.24%

Variable & Comparison^

Investor

6.34%

Variable & Comparison^

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Your lender is cheating on you

Just about every lender, big and small, locks you into a long-term relationship, then attracts new customers on a lower rate — and you’re stuck paying a penalty for your loyalty. Sound familiar?

That’s Loyalty Penalty. It’s completely unfair and Australians have had enough.

The loyal commission

The Royal Commission was meant to curb the ways of banks and lenders. Athena’s Loyal Commission findings shows the opposite.

We've taken it into our own hands and, in partnership with Core Data, conducted research with 1,000 homeowners to find out exactly how much Aussies are being ripped off and how they feel about it.^

Don't be a victim
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The cost of betrayal

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Ouch...that's gotta sting

When they have asked for a drop in their interest rate.

2BILLION

That's no small problem

This year alone Australians are paying over $2 billion in loyalty penalties.¹

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Don't be a victim

81% of homeowners feel their lender gives a better deal for new customers.

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Shouldn't you be rewarded for loyalty?

Key findings from the Loyal Commission show an overwhelming majority, 82% of over 1000 Aussies felt they were ‘ripped off’ by lenders.

Get rewarded for loyalty
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Scrap the loyalty penalty

Sure, you can shop around and try and negotiate a lower rate, but it doesn’t solve the problem. You shouldn’t have to change your loan, lenders need to change their policy.

But, if they don’t, you should change your lender.

Be the changer
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Athena is the first lender to reward customers

Our mission is to help Aussies pay down their loan faster, as quickly as possible without penalising customers.

That’s why we’ve created Automatic Rate Match which promises existing customers that they will never give new customers a better rate on a like-for-like loan².

Switch to Athena
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Join Australia's first loyalty penalty free lender

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No fees

Athena doesn’t charge home loan fees. No ongoing, application, account or exit fees on our Straight Up and Power Up home loans.

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Loyalty is royalty

Athena is the first home loan provider to promise existing customers that they will never give new customers a better rate on a like-for-like loans².

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AcceleRATES

Another Aussie first, where you can drop your own rate. The more you pay down your loan, the more we’ll lower your rate. Automatically.

Excludes the Athena Access powered by PepperMoney product

Join the thousands of Aussies taking control of their mortgage

You’ve got nothing to lose but your home loan!
Take 5 mins to see your loan options including rate and repayments.

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Loyalty penalty disclaimers
Please take a moment to read our disclaimers, thanks!
Our disclaimers

¹ Compares existing and new owner occupier interest rates (source: RBA May 22) on an aggregate mortgage outstanding balance of $2.0 trillion (source: RBA May 22). Assumes rates and loan balance don't change.

² A like-for-like loan means the product name (eg. Straight Up) and LVR tier (eg. Obliterate, Liberate, Evaporate, Celebrate) advertised to new customers must be the same product name and the same LVR tier that you have as an existing customer. Applies to variable loans only. The way we construct and name products may include a combination of the loan’s purpose (eg. Owner, Investor), repayment type (eg. P&I, IO), interest type (eg. variable), borrower type, different features or specific qualification criteria. None of these criteria will be designed to favour new customers over existing customers. If we ever tempt new customers with a lower rate on a like-for-like loan, anyone who’s on it will get the automatic rate-match. Sweet. It’s an Aussie first!

^ Stats and figures are based on research ran by Core Data in May 21 with 1000 Australian home owners.

** The interest savings estimate is an average of modelled savings of real customers who have refinanced to Athena since launch. The savings are modelled over time estimates only, and are not a prediction. The actual future savings of these customers may be higher or lower. The estimated savings depend on assumptions that may change over the life of the loan, such as future interest rates and future borrower repayment behaviour. In making the average savings estimate, we assume the rates of the existing lender and Athena continue for the life of the loan, and we do not include the fees which may be charged by the existing lender. The remaining term and repayment frequencies are assumed to be the same as the Athena loan, and all repayments are assumed to be made on time with no redraws or credit limit increases. Every borrower’s situation is different. Your actual savings opportunity may differ from this average.

Athena acknowledges the traditional owners of the land on which we gather the Gadigal people of the Eora nation. We acknowledge that sovereignty was never ceded and respect their continued and continuing connection to this place.