Home loan comparison

Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Rates
Features
Fees
Other
Lender
Variable
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

loans.com.au – Variable Home Loan 90 P&I

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details
Variable
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

HSBC – Home Value Loan - Owner Occupied (LVR 70% to 80%)

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details
Fixed
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

Newcastle Permanent – Fixed Rate Home Loan (1 year)

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details
VariableN/A
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

Beyond Bank – Purple Basic Variable Home Loan (<80% LVR)

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details
Variable
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

Athena Home Loans – Straight Up Owner Occupier (Principal & Interest) - Liberate (LVR70%-80%)

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details
Fixed
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

IMB Bank – IMB Fixed Rate Home Loan (1 year)

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details
Variable
More details
  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%

Liberty Financial – Liberty Financial Flexible Home Loan LVR >95% (Owner Occupier)

  • Great low rate available for purchases & refinancers
  • Australian based experienced lending team to help with every step of your home loan journey
  • Easy online process to find out if you would qualify
  • In business since 2011 & backed by Australia's largest online lender
  • No on-going fees, unlimited redraws and offset available for 0.10%
More details

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of December 22, 2024. View disclaimer.

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  • Option to add an offset for 0.10%^
  • No monthly or ongoing fees
  • Unlimited redraws
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Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of 9 October 2024.

^The addition of offset sub-account means your comparison rate will change.

Choosing a Mortgage

Before you decide which lender to choose, here are some questions you can ask to help you assess different home loans:

Do they have low interest rates?

While there are other important factors, low interest rates are usually the most important thing when choosing a home loan. A lower interest rate can potentially save you thousands in the long run, but be sure to check the comparison rates to get a clear idea of all the costs involved.

What other home loan fees are included?

When you take out a home loan there are other home loan fees that lenders might charge you such as:

  • establishment fees

  • application fees

  • conveyancing fees

  • legal fees

  • Lenders Mortgage Insurance (LMI)

  • stamp duty costs

  • other ongoing costs

It might also be helpful to consider these other home loan fees when choosing a lender.

Is the home loan interest-only?

Interest-only home loans are type of mortgages where the borrower is required to pay only the interest of the loan for a certain period. This can be cheaper for the first years of the loan but will revert to higher repayments after the 'interest-only' period expires.