Nano home loans

Compare interest rates and fees for Nano home loans.

By   |   Verified by David Boyd   |   Updated 28 Mar 2023

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Comparing Nano home loans for over years

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Nano is a financial technology (fintech) non-bank lender founded in 2019 and funded by Bolton Equities of New Zealand. Its goal is "reshaping financial services of the past with technology of the future".

Nano is focused on refinancing existing home loans. They offer fee-free owner occupied home loans and investor loans at variable rates.

One of Nano’s defining features is its online-only application process, which gathers financial and transaction data from your bank account - a process called screen scraping.

In case you’re wondering about the safety and security of this process, it has been approved by the Australian Securities and Investments Commission (ASIC) and the Australian Competition & Consumer Commission (ACCC).

Product and service offerings

At the time of writing, Nano only offers refinancing of owner-occupied and investment property loans valued between $100,000 and $2.5 million.

It has plans to offer loans for new home purchases and high value multiple loans.

Nano loan features

  • Fast loan approval process with approval in minutes thanks to digital processing
  • Offset sub account that sits within your home loan account
  • Loan interest reduced depending on sub account balance
  • You get a Nano Visa debit card on opening a home loan account, giving you convenience to buy, borrow, pay and stash away money in one place
  • Pay with Nano Visa debit card, Apple Pay, and Google Pay


  • Australian citizen or permanent resident
  • Over 18 years old
  • Good credit rating
  • Employed with minimum Pay As You Go (PAYG) income of $100,000
  • 75% maximum LVR
  • Loans only within the range of $100,000 to $2.5 million
  • For existing single properties

Pros and cons


  • Lower interest rates than average
  • Fast, entirely digital home loan application process
  • No upfront or ongoing fees for application, accounts, transactions or usage
  • Loans up to $2.5 million
  • Principal and interest or interest only options available
  • 100% full offset sub account
  • All-in-one home loan product to suit your needs where you can borrow, buy, pay, and save in one place
  • Ability to make unlimited extra repayments
  • Payment methods: Nano Visa, Apple Pay, Google Pay, and real-time bank transfers
  • Interest on loan reduces with the balance in sub accounts
  • Zero fee redraw facility


  • Only offers refinancing of home loans
  • Facilities only for low-risk borrowers
  • No home loans for self-employed professionals (so far)
  • You need to be employed with a PAYG income of $100,000
  • Not suitable for high debt, low credit customers or those with an unsteady income
  • Limited loan options
  • Only for single existing properties
  • High deposit of 25% equity as loans approved only up to 75% LVR
  • No cashback offers
  • No portable loans
  • No honeymoon period
  • Doesn’t accept guarantors or complex borrowing (with Companies or Trusts)
  • No repayment holidays
  • No split-mortgage facility