The best mortgages

2.49%

Variable

2.49%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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Smart Booster Home Loan Discounted Variable - 1yr

1.99% variable rate for 12 months then 2.57% variable rate

1.99%

Intro 12 months

2.55%

special

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Home Value Home Loan (Principal and Interest)

Get a low variable interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Expiry date: 31/08/2020

2.65%

Variable

2.66%

special

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Star Classic Owner Occupied 1 Year Fixed Special

Limited time only for applications received by 30 September 2020 and settled 31 December 2020. Loan size up to $850k. Expiry date: 30/09/2020

1.98%

Fixed - 1 year

2.51%

special

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FAQs

You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.

We use encryption so you can safely and securely enter your personal and financial information on our website.

We keep all information entered on our site private and confidential. We will not pass your information on to people outside RateCity without your consent.

No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.

This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.

To work out how much you could save, we run the home loan details you’ve provided through our database, and search for similar home loan options that we think would be suitable for you.

We then calculate the costs of these loan options over 15 years (to keep our calculations consistent) and compare them to the cost calculations for your current home loan.

Your $100 gift card works just like a digital VISA debit card and can be used anywhere that these cards are accepted until its balance runs out.

When you check your home loan rate, you’ll supply some basic information about your current loan, including the amount owing on your mortgage and your current interest rate.

We’ll compare this information to the home loan options in the RateCity database and show you which home loan products you may be eligible to apply for.

We use your current mortgage details to calculate the potential savings if you were to change lenders, and also to help us point you to loans that may meet your needs.

For example – if you live in the house you own, we’ll make sure we show you the owner-occupier rates, which are typically cheaper than investor rates. Or if you have less than 20% equity in your property, then we won’t show you the deals that require a greater amount of equity.

This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.

You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate.

If your entry is selected as our winner, we’ll notify you in writing within two business days of the draw. Your name will also be published online on the RateCity from 22/05/2020.

You can only enter the draw for the chance to win $1 million once. However, you can get additional entries by inviting your friends to check their own home loan rates.

When you complete your initial entry, you’ll receive a unique URL that you can send to your friends. For each friend that checks their home loan rates using this URL, you’ll receive one additional entry into the draw.