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The lowest advertised rates for your deposit size
Picking the right home loan includes factoring in your circumstances, your financial goals, and what’s a realistic loan for you. It’s also all about finding a competitive rate.
A number of factors can affect the interest rate you can get, with the deposit size you bring to the bank one of the most important.
Those who have been paying down their debt for a number of years are likely to have a decent amount of equity, so if they refinance or upgrade, they’ll have a bigger deposit.
To help your comparison journey, we’ve pulled the lowest home loan rates per deposit size from over 100 home loan products on the RateCity database.
These rates, which are for owner-occupiers paying principal and interest, have been listed based on their advertised rate - but remember there are a number of different factors that go into choosing a loan, so make sure to compare across different lenders to find what’s right for you.
Lowest advertised variable rates for 50% deposit
Source: RateCity.com.au. Data accurate as at 23/02/202. Note: Excludes FHB specials and green loans
Lowest advertised variable rates for 40% deposit
Source: RateCity.com.au. Data accurate as at 23/02/202. Note: Excludes FHB specials and green loans. * (NSW, ACT & QLD only)
Lowest advertised variable rates for 20% deposit
Source: RateCity.com.au. Data accurate as at 23/02/202. Note: Includes FHB specials but excludes green loans
Lowest advertised variable rates for 10% deposit
| Lender | Name | Advertised rate |
| G&C Mutual Bank | Essential Worker Home Loan | 5.80% |
| Bank of Heritage Isle | First Home Loan | 5.84% |
| G&C Mutual Bank | First Home Buyer Loan Special | 5.90% |
| The Mac | Low LVR Home Loan | 5.92% |
| Tiimely Home | Live-in Variable Loan Home Loam | 5.94% |
Source: RateCity.com.au. Data accurate as at 23/02/202. Note: Includes FHB specials but excludes green loans.
Compare home loans in Australia
Product database updated 09 May, 2024
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Promoted home loans
Ultra Low Rate (Variable) - <98% LVR - No LMI (New Purchases)
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
6.30%
Comparison rate* p.a.
6.63%
Australian Credit Licence 443249
Fees & charges apply
Executive Saver Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 50% min deposit
- P&I
Interest rate p.a.
5.99%
Comparison rate* p.a.
6.04%
Australian Credit Licence 393283
Fees & charges apply
Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.99%
Comparison rate* p.a.
5.90%
Australian Credit Licence 234945
Fees & charges apply
Express Home Loan
Real Time Rating™
- Special
- Owner Occupied
- Variable
- 10% min deposit
Interest rate p.a.
6.01%
Comparison rate* p.a.
6.14%
Australian Credit Licence 237879
Fees & charges apply
Product data updated on 9 May 2024
