Lender review


LoanCaddie Opinion

Resimac is a non-bank that aims to be more competitive than the banks. It does this by having no branches and less staff. It sources its funds from the wholesale market. Hence, although its rates are competitive, they are also subject to higher volatility. Resimac make its money by packaging many loans and selling them to the wholesale market for a profit. Hence, it makes its money from you after a few months as opposed to over the life of your loan. Its services should be considered as a one-off transaction as opposed to one that will foster an on-going relationship.

Facts and lender background

Resimac is one of Australia's most established non-bank lenders with a history dating by to 1985.


Resimac has issued over $25bn of residential mortgaged back securities.

Credit Rating

Resimac does not hold deposits and does not have a credit rating. It's funders may collect deposits and will have a relevant credit rating.


Resimac merged with the publicly ASX listed company Homeloans in 2016. Venture capital firm, Ingot Capital Management owns the majority of the listed company. Resimac also owns the State Custodian home loan brand.


Resimac is primarily funded by the wholesaled debt market and is supported by warehouse facilities of international banks.

Customer service
Product Review Rating

average is 2.1 / 5

Branch network

Resimac operates through broker networks and online only.

Internet banking

Resimac customers are able to access their details online.


ATM access differs between each product.