Compare Home loans in Australia

Find home loans from a wide range of Australian lenders that best suit your needs, whether you're investing, refinancing or looking to buy your first home. Compare interest rates, mortgage repayments, fees and more. - Data last updated on 23 Jul 2018

Compare Home loans in Australia

Promoted
Discount Offer Variable Home Loan ($200k-$700k)RewardsGet $1,000 cash into a USaver account when you apply for a loan of $200,000 or more (new or refinance). T&Cs apply.
Advertised rate
3.59%
Variable
Comparison rate*
3.59%
Monthly repayment
$1,135
Real Time Rating™

4.35 / 5

Compare
Promoted
Discount Variable Investment Loan (Principal and Interest) (LVR<80%)
Advertised rate
4.44%
Variable
Comparison rate*
4.49%
Monthly repayment
$1,258
Real Time Rating™

3.43 / 5

Compare
Variable Rate Home Loan (Principal and Interest) (Amounts < $750k, LVR 70%-80%)Cashback$900 cashback after your settlement
Advertised rate
3.54%
Variable
Comparison rate*
3.58%
Monthly repayment
$1,128
Real Time Rating™

4.69 / 5

Compare
Basic Home Loan Special (LVR < 80%)SpecialEstablishment fee waived for Variable Basic Home Loans until 30 September 2018
Advertised rate
3.65%
Variable
Comparison rate*
3.66%
Monthly repayment
$1,144
Real Time Rating™

4.42 / 5

Compare
Select Basic Home Loan (Principal and Interest) (Amounts < $500k, LVR < 80%)
Advertised rate
3.69%
Variable
Comparison rate*
3.70%
Monthly repayment
$1,149
Real Time Rating™

4.29 / 5

Compare
Premier Standard Variable Home LoanSpecialAvailable on new Premier home loan borrowings from $50,000 when applying by 31 July 2018
Advertised rate
3.69%
Variable
Comparison rate*
3.70%
Monthly repayment
$1,149
Real Time Rating™

4.43 / 5

Compare
IQ Basic Home Loan (Principal and Interest) (LVR < 70%)
Advertised rate
3.75%
Variable
Comparison rate*
3.76%
Monthly repayment
$1,158
Real Time Rating™

4.3 / 5

Compare
Special Low Variable Rate Home Loan (LVR < 80%)
Advertised rate
3.79%
Variable
Comparison rate*
3.79%
Monthly repayment
$1,163
Real Time Rating™

4.29 / 5

Compare
Basic Variable Rate Home Loan
Advertised rate
3.77%
Variable
Comparison rate*
3.81%
Monthly repayment
$1,161
Real Time Rating™

4.19 / 5

Compare
First Home Buyer Loan - 40 Year Term
Advertised rate
3.77%
Variable
Comparison rate*
3.81%
Monthly repayment
$1,161
Real Time Rating™

4.19 / 5

Compare
OMG Home Loan (Principal and Interest)
Advertised rate
3.79%
Variable
Comparison rate*
3.83%
Monthly repayment
$1,163
Real Time Rating™

4.09 / 5

Compare
Rate Buster High Lend 100% Offset Variable Investment Loan (Principal and Interest)CashbackReceive $750 cash back on loans between $250,000 and $749,999 and $1500 cash back on loans over $750,000
Advertised rate
3.89%
Variable
Comparison rate*
3.89%
Monthly repayment
$1,178
Real Time Rating™

4.34 / 5

Compare
IQ Basic Investment Loan (Principal and Interest) (LVR < 70%)
Advertised rate
3.99%
Variable
Comparison rate*
4.00%
Monthly repayment
$1,192
Real Time Rating™

3.99 / 5

Compare
UHomeLoan Fixed (Principal and Interest) 3 Years
Advertised rate
3.74%
Fixed - 3 years
Comparison rate*
4.01%
Monthly repayment
$1,156
Real Time Rating™

3.51 / 5

Compare
Premium Plus Package Variable Rate Home Loan Special (Principal and Interest) (LVR < 90%)SpecialIncludes a discounted rate off the Premium Plus Package Variable Rate Tier 4 home loan when meeting certain eligibility requirements.
Advertised rate
3.64%
Variable
Comparison rate*
4.03%
Monthly repayment
$1,142
Real Time Rating™

4.59 / 5

Compare
My Life Fixed Rate Package 2 Years
Advertised rate
3.69%
Fixed - 2 years
Comparison rate*
4.04%
Monthly repayment
$1,149
Real Time Rating™

3.9 / 5

Compare
My Life Fixed Rate Package 3 Years
Advertised rate
3.85%
Fixed - 3 years
Comparison rate*
4.05%
Monthly repayment
$1,172
Real Time Rating™

3.88 / 5

Compare
Essential Home Loan ($100k+)SpecialStandard Establishment fee of $350 and Settlement fee of $250 waived
Advertised rate
4.04%
Variable
Comparison rate*
4.07%
Monthly repayment
$1,199
Real Time Rating™

3.91 / 5

Compare
OMG Investment Loan (Principal and Interest)
Advertised rate
4.04%
Variable
Comparison rate*
4.08%
Monthly repayment
$1,199
Real Time Rating™

3.77 / 5

Compare
Inv UHomeLoan Fixed 3 Years
Advertised rate
3.99%
Fixed - 3 years
Comparison rate*
4.44%
Monthly repayment
$1,192
Real Time Rating™

3.16 / 5

Compare
Professional Package Home Loan (Principal and Interest) ($250k-$500k)
Advertised rate
4.07%
Variable
Comparison rate*
4.45%
Monthly repayment
$1,204
Real Time Rating™

4.01 / 5

Compare
Real Deal Variable Home Loan (Principal and Interest) (Introductory)
Advertised rate
4.40%
Intro 36 months
Comparison rate*
4.62%
Monthly repayment
$1,289
Real Time Rating™

3.53 / 5

Compare
Premium Home Loan Fixed 3 Years (LVR < 80%)SpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
4.04%
Fixed - 3 years
Comparison rate*
4.66%
Monthly repayment
$1,199
Real Time Rating™

3.85 / 5

Compare
Discount Variable Home Loan
Advertised rate
4.64%
Variable
Comparison rate*
4.69%
Monthly repayment
$1,288
Real Time Rating™

3.15 / 5

Compare
Premium Home Loan Fixed 2 Years (LVR < 80%)SpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
4.09%
Fixed - 2 years
Comparison rate*
4.73%
Monthly repayment
$1,207
Real Time Rating™

3.63 / 5

Compare
Extra Investment Loan (Interest Only)
Advertised rate
5.18%
Variable
Comparison rate*
4.75%
Monthly repayment
$1,370
Real Time Rating™

2.53 / 5

Compare
Premium Home Loan Fixed 1 Year (LVR < 80%)SpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
3.99%
Fixed - 1 year
Comparison rate*
4.78%
Monthly repayment
$1,192
Real Time Rating™

3.46 / 5

Compare
3 Year Special Economiser Home Loan (Low Doc)
Advertised rate
4.29%
Intro 36 months
Comparison rate*
4.78%
Monthly repayment
$1,306
Real Time Rating™

3.52 / 5

Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 3 Years
Advertised rate
3.99%
Fixed - 3 years
Comparison rate*
4.85%
Monthly repayment
$1,192
Real Time Rating™

3.5 / 5

Compare
Extra Investment Loan - 4 Year Introductory Rate (Interest Only) (First Home Buyer)
Advertised rate
4.19%
Intro 48 months
Comparison rate*
4.85%
Monthly repayment
$1,331
Real Time Rating™

3.61 / 5

Compare
Premium Home LoanSpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
4.82%
Variable
Comparison rate*
4.86%
Monthly repayment
$1,315
Real Time Rating™

3.33 / 5

Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 2 Years
Advertised rate
3.89%
Fixed - 2 years
Comparison rate*
4.88%
Monthly repayment
$1,178
Real Time Rating™

3.39 / 5

Compare
Breakfree Package Fixed Rate Home Loan (Low Doc) 3 Years
Advertised rate
3.99%
Fixed - 3 years
Comparison rate*
4.90%
Monthly repayment
$1,192
Real Time Rating™

3.49 / 5

Compare
Basic Investment Loan (Principal and Interest)SpecialEstablishment fee waived for Variable Basic Home Loans until 30 September 2018
Advertised rate
4.87%
Variable
Comparison rate*
4.91%
Monthly repayment
$1,322
Real Time Rating™

2.93 / 5

Compare
Premium Plus Package Variable Rate Home Loan (Principal and Interest) (Amounts < $500k)
Advertised rate
4.57%
Variable
Comparison rate*
4.94%
Monthly repayment
$1,277
Real Time Rating™

3.42 / 5

Compare
Breakfree Package Fixed Rate Home Loan (Low Doc) 2 Years
Advertised rate
3.99%
Fixed - 2 years
Comparison rate*
4.96%
Monthly repayment
$1,192
Real Time Rating™

3.31 / 5

Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 1 Year
Advertised rate
4.09%
Fixed - 1 year
Comparison rate*
4.97%
Monthly repayment
$1,207
Real Time Rating™

3.14 / 5

Compare
Fixed Rate Home Loan (Low Doc) 3 Years
Advertised rate
4.14%
Fixed - 3 years
Comparison rate*
4.98%
Monthly repayment
$1,214
Real Time Rating™

3.09 / 5

Compare
Breakfree Package Fixed Rate Home Loan (Interest Only) 2 Years
Advertised rate
4.49%
Fixed - 2 years
Comparison rate*
5.04%
Monthly repayment
$1,265
Real Time Rating™

2.82 / 5

Compare
Premium Investment Loan Fixed 3 Years (Principal and Interest)
Advertised rate
4.54%
Fixed - 3 years
Comparison rate*
5.04%
Monthly repayment
$1,273
Real Time Rating™

3.29 / 5

Compare
Premium Investment Loan Fixed 2 Years (Principal and Interest)
Advertised rate
4.34%
Fixed - 2 years
Comparison rate*
5.06%
Monthly repayment
$1,243
Real Time Rating™

3.24 / 5

Compare
Fixed Rate Home Loan (Low Doc) 3 Years
Advertised rate
4.14%
Fixed - 3 years
Comparison rate*
5.07%
Monthly repayment
$1,214
Real Time Rating™

3.14 / 5

Compare
Fixed Rate Home Loan (Low Doc) 2 Years
Advertised rate
4.04%
Fixed - 2 years
Comparison rate*
5.14%
Monthly repayment
$1,199
Real Time Rating™

2.92 / 5

Compare
Fixed Rate Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.09%
Fixed - 2 years
Comparison rate*
5.15%
Monthly repayment
$1,207
Real Time Rating™

2.75 / 5

Compare
Premium Investment Loan Fixed 1 Year (Principal and Interest)
Advertised rate
4.74%
Fixed - 1 year
Comparison rate*
5.17%
Monthly repayment
$1,303
Real Time Rating™

2.91 / 5

Compare
Premium Investment Loan (Principal and Interest)
Advertised rate
5.17%
Variable
Comparison rate*
5.21%
Monthly repayment
$1,368
Real Time Rating™

2.88 / 5

Compare
Fixed Rate Home Loan (Low Doc) 1 Year
Advertised rate
4.04%
Fixed - 1 year
Comparison rate*
5.25%
Monthly repayment
$1,199
Real Time Rating™

2.61 / 5

Compare
Discount Variable Investment Loan
Advertised rate
5.19%
Variable
Comparison rate*
5.25%
Monthly repayment
$1,371
Real Time Rating™

2.56 / 5

Compare
Premier Package Low Doc Fixed Rate Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.19%
Fixed - 2 years
Comparison rate*
5.37%
Monthly repayment
$1,221
Real Time Rating™

2.82 / 5

Compare
3 Year Special Economiser Investment Loan (Low Doc)
Advertised rate
4.97%
Intro 36 months
Comparison rate*
5.38%
Monthly repayment
$1,394
Real Time Rating™

2.7 / 5

Compare
Wealth Package Fixed Rate Investment Loan (Interest Only) 3 Years
Advertised rate
4.29%
Fixed - 3 years
Comparison rate*
5.40%
Monthly repayment
$1,236
Real Time Rating™

2.58 / 5

Compare
Breakfree Package Fixed Rate Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.08%
Fixed - 2 years
Comparison rate*
5.45%
Monthly repayment
$1,205
Real Time Rating™

2.82 / 5

Compare
Breakfree Package Fixed Rate Investment Loan (Principal and Interest) (Low Doc) 4 Years
Advertised rate
4.79%
Fixed - 4 years
Comparison rate*
5.47%
Monthly repayment
$1,310
Real Time Rating™

2.7 / 5

Compare
Breakfree Package Fixed Rate Investment Loan (Principal and Interest) (Low Doc) 5 Years
Advertised rate
4.79%
Fixed - 5 years
Comparison rate*
5.47%
Monthly repayment
$1,310
Real Time Rating™

2.82 / 5

Compare
Premier Package Low Doc Fixed Rate Investment Loan (Principal and Interest) 1 Year
Advertised rate
4.49%
Fixed - 1 year
Comparison rate*
5.49%
Monthly repayment
$1,265
Real Time Rating™

2.48 / 5

Compare
Premium Plus Package Credit Facility Home Loan (Amounts < $500k)
Advertised rate
5.10%
Variable
Comparison rate*
5.49%
Monthly repayment
$1,357
Real Time Rating™

1.58 / 5

Compare
Breakfree Package Fixed Rate Investment Loan (Principal and Interest) (Low Doc) 1 Year
Advertised rate
4.29%
Fixed - 1 year
Comparison rate*
5.58%
Monthly repayment
$1,236
Real Time Rating™

2.44 / 5

Compare
SuperGear Fixed 3 Years
Advertised rate
5.49%
Fixed - 3 years
Comparison rate*
5.88%
Monthly repayment
$1,418
Real Time Rating™

0.9 / 5

Compare
SuperGear Fixed 2 Years
Advertised rate
5.49%
Fixed - 2 years
Comparison rate*
5.90%
Monthly repayment
$1,418
Real Time Rating™

0.84 / 5

Compare
SMSF Investment Property Loan (Principal and Interest)
Advertised rate
5.79%
Variable
Comparison rate*
5.90%
Monthly repayment
$1,465
Real Time Rating™

1.56 / 5

Compare
SuperGear Fixed 1 Year
Advertised rate
5.49%
Fixed - 1 year
Comparison rate*
5.93%
Monthly repayment
$1,418
Real Time Rating™

0.78 / 5

Compare
SuperGear Fixed 4 Years
Advertised rate
5.69%
Fixed - 4 years
Comparison rate*
5.94%
Monthly repayment
$1,449
Real Time Rating™

0.75 / 5

Compare
SMSF Investment Property Loan (Interest Only)
Advertised rate
6.30%
Variable
Comparison rate*
6.41%
Monthly repayment
$1,547
Real Time Rating™

1.49 / 5

Compare
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Home loans in Australia

According to Commonwealth and state laws and regulations, there is an established process of obtaining a home loan in Australia. Basic parts of the home loan process including fees, property valuations, and property inspections are conducted in advance to ensure that the seller and purchaser are aware of all aspects of the property and the system before making a financial commitment. These regulations and laws vary depending on the state in Australia in which you purchase a property. All aspects of the home loan process should be researched thoroughly before taking out a loan. 

What types of home loans are there in Australia?

The two most popular home loan categories in Australia are variable interest rate home loans and fixed interest rate home loans. As the name suggests, a fixed rate home loan has the same interest rate for all or a portion of the life of the loan. This rate is agreed upon before the home loan is signed off. Conversely, a variable rate home loan charges an interest rate that goes up or down depending on the official RBA cash rate, so it can be cheaper or more expensive than a fixed rate loan. Most home loan providers offer loans with both fixed and variable rates.     

How do these home loan rates in Australia compare to other countries?

There are substantially more fixed rate than variable rate home loans in the US compared to Australia, and the US also places greater importance on credit scores than some Australian lenders. Countries like India and China, are culturally distinct from Australia in terms of higher rates of regulation on home loans and heavy restrictions on overseas borrowers. 

How do you get a home loan in Australia?

The process of getting a home loan in Australia is similar whichever home loan provider you choose. The process does rely heavily on legal requirements and regulations compulsory for both borrower and the lender. The basic home loan approval process is fairly straightforward. After choosing your home loan and home loan provider, an initial application will be prepared. If your relevant details satisfy the lender, you will be provided with a conditional approval while the home loan provider conducts a credit check and property valuation. If everything comes out to be positive, you will receive approval for the loan. The funds can then be used to purchase your chosen property.

FAQs

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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