Home Loan Deals

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.

Special home loans offers
SPECIALAnnual package fee waived for the life of the loan. Apply before 30 June 2018.
Expect More PAYG Home Loan Package - Limited Time Offer

Annual package fee waived for the life of the loan. Applications must be submitted by 30/6/2018.

Expiry date: 30/06/2018
View Product Details
SPECIALLow rate and $0 application fee. Apply before 30 June 2018.
Accelerator Package Home Loan (Principal and Interest) Special

For applications made and unconditionally approved by 30/06/18, funded by 30/09/18. $0 application fee offer applies to application, legal and valuation fee with only one valuation fee waived.

Expiry date: 30/06/2018
View Product Details
SPECIALEstablishment fee waived when borrowing <$150k
Basic Investment Loan (Principal and Interest) (New Customer)

And a $0 establishment fee if you borrow more than $150k3 when making Principal & Interest repayments

Expiry date: Until Further Notice
View Product Details
SPECIALEstablishment fee waived for Variable Basic Home Loans until 30 June 2018.
Basic Investment Loan (Principal and Interest)

Expiry date: 30/06/2018
View Product Details
SPECIALLow rate on Standard Variable Loan. Offer is for applications made and unconditionally approved by 30/06/18, funded by 30/09/18.
Standard Variable Home Loan (New Money Offer)

Expiry date: 30/06/2018
View Product Details
SPECIALDiscounted rates offer is only available to new Owner Occupied loans with Principal and Interest repayments. Apply before 30 June 2018.
Property Package Standard Variable Loan (Principal and Interest)

Please read the Hume Property Package conditions of use for a detailed description of benefits available.

Expiry date: 30/06/2018
View Product Details
SPECIALAvailable on new Premier home loan borrowings from $50,000 when applying by 31 July 2018
Premier Standard Variable Home Loan (Principal and Interest)

Expiry date: 31/07/2018
View Product Details
SPECIALNo monthly fees
Advantage Home Loan Special (LVR < 95%)

No monthly fees

Expiry date: Until Further Notice
View Product Details
SPECIALSpecial discounted rate for new owner occupier, principal and interest loans of $75k+. IMB transaction account must be opened with this loan.
Budget Home Loan Special (Principal and Interest) (LVR <90%) (NSW and ACT only)

For Owner Occupied Principal & Interest and new applications only of $75k+ and LVR < 80%.

Expiry date: Until Further Notice
View Product Details
SPECIALLoan Establishment fee of $600 waived for new applications until offer withdrawn
Advance Variable Home Loan (Interest Only) (New Customer)

Expiry date: Until Further Notice
View Product Details
SPECIALSpecial Offer Variable Home Loan Package
Variable Home Loan Package Special (Interest Only)

LVR of 80% or less only. Loan amount of $150,000 or more and annual package fee of $395 applies.

Expiry date: Until Further Notice
View Product Details
SPECIAL$0 application & valuation fee
Tame the Beast Offset Home Loan ($400k+, LVR < 90%)

Expiry date: Until Further Notice
View Product Details
SPECIALStandard Establishment fee of $350 and Settlement fee of $250 waived
Essential Investment Loan

Expiry date: Until Further Notice
View Product Details
Cashback home loans offers
CASHBACK$1500 Cashback on refinance of $250k+ to an Advantage Package Home Loan. Apply by 30 June 2018.
Advantage Package Fixed Rate Home Loan (Principal and Interest)

For Owner Occupied Principal & Interest or Investment home loans only. Excludes refinances within Westpac Group, Portfolio loans and refinances that require foreign income for serviceability.

Expiry date: 30/06/2018
View Product Details
CASHBACK$1500 Cashback on refinance of $250k+ to an Advantage Package Home Loan. Application deadline of 30 June 2018
Advantage Package Fixed Rate Investment Loan (Interest Only)

For Owner Occupied Principal & Interest or Investment home loans only. Excludes refinances within Westpac Group, Portfolio loans and refinances that require foreign income for serviceability.

Expiry date: 30/06/2018
View Product Details
CASHBACK$1500 Cashback on refinance of $250k+ to an Advantage Package Home Loan. Apply by 30 June 2018.
Advantage Package Variable Home Loan (Principal and Interest) (New Customer) ($250k-$500k)

For Owner Occupied Principal & Interest or Investment home loans only. Excludes refinances within Westpac Group, Portfolio loans and refinances that require foreign income for serviceability.

Expiry date: 30/06/2018
View Product Details
CASHBACKRefinance with Police Bank and they'll give you a $1000 bonus
Gold Rate Home Loan

Minimum loan amount $50k. Not available for investment loans. Offer applies for loans that are approved by 31 August 2018.

Expiry date: 31/08/2018
View Product Details
CASHBACK$1500 Cashback when you refinance with Queenslanders CU with a maximum LVR of 80% before 15 June 2018.
Special Ultimate Home Loan

Receive $1500 cash back when you refinance to a new Owner Occupied, Principal and Interest home loan with new borrowings of at least $250,000 and a maximum loan to value ratio of 80%. Excludes the restructure of existing Queenslanders Credit Union or Queensland Country Credit Union home loan facilities. To be eligible for this special offer the refinance application needs to be approved on or before 15 June 2018. A limit of one $1500 payment applies. Normal lending criteria, terms, conditions and fees apply and are available on request.

Expiry date: Until Further Notice
View Product Details
CASHBACKReceive $1500 cash back on loans over $500,000
Cash Back Rate Buster High Lend Variable Investment Loan (Principal & Interest) (LVR < 80%)

Expiry date: Until Further Notice
View Product Details
Reward home loans offers
REWARD$1000 offer: Apply for a UHomeLoan of $200,000 or more (excl amounts to refinance a UBank loan) by 6 Aug 2018, & settle by 28 Sept 2018. You must have a USaver before settlement and until the $1000 is paid. Other T&C apply.
Discount Offer Variable Home Loan ($200k-$700k)

Apply for a UHomeLoan of at least $200,00 (excluding amounts to refinance existing UHomeLoans) between 7 June 2018 and 6 August 2018. Your UHomeLoan must be approved and settled by 28 September 2018. You must have a USaver opened by settlement and until the $1000 is paid.

Expiry date: 06/08/2018
View Product Details

Compare Australia's top home loans from 3.44%

View All Home Loans

Everything you need to know about home loan deals

Taking out a mortgage is a massive financial commitment. But you can ease the pain by snaring a special home loan deal.

Many people don’t realise that banks, credit unions, building societies and non-bank lenders frequently offer short-term home loan deals.

Why? It’s because the mortgage market is so competitive, with more than one hundred lenders offering several thousand products. Given how crowded the market is, lenders often feel like the only way they can get people’s attention is to entice them with home loan deals.

To put it another way, some lenders are so hungry to sign on new customers that they will literally buy your business.

All lenders play the game

Some people might assume that only smaller lenders would resort to offering home loan deals.

However, that’s not the case. Even the big four banks – ANZ, Commonwealth Bank, NAB and Westpac – which dominate the mortgage market, feel like they need to play the specials game.

That highlights just how competitive Australia’s home loan industry has become.

There are always home loan deals available, if you know where to look.

Different types of home loan deals

Not all home loan deals are created equal. Of course, some are more generous than others. But they can also be structured very differently.

Here are the five main types of home loan deal:

  1. Rate cuts

Lenders might try to entice you by offering you a reduced home loan rate. This might be a temporary reduction that is withdrawn after, say, one or two years, or a permanent reduction that applies for the life of the loan.

  1. Fee reductions

Lenders might also promise to reduce or eliminate certain fees if you sign up for a mortgage. This might save you up to $1,000.

  1. Cashback offers

Some lenders hand out rebates, which can be worth more than $1,000. Borrowers can use this money to help pay for any establishment fees, valuation fees, settlement fees, legal fees and lenders’ mortgage insurance charges.

  1. Rewards points

Other lenders hand out credit card rewards points, which can also be worth more than $1,000.

  1. Gifts

The other popular type of home loan deal is sign-on gifts. These can include EFTPOS cards, iPads, shopping vouchers and even holidays.

Conditions always apply

There are two important points to remember when it comes to home loan deals. First, you don’t get something for nothing, so you might have to ‘pay’ for a lower rate with higher fees, or you might have to ‘pay’ for a free gift with less flexible repayment terms.

Second, conditions always apply for home loan deals. The most common condition is that you have to be a new customer (as opposed to an existing customer moving from one of the lender’s products to another). Other conditions might include:

  1. Your loan needs to be of a certain value – e.g. more than $300,000 or less than $750,000
  2. Your loan needs to be of a certain type – e.g. investment
  3. Your loan needs to have a certain structure – e.g. principal and interest
  4. Your loan needs to have a certain loan-to-value ratio (LVR) – e.g. no higher than 80 per cent or between 50 and 70 per cent
  5. Your loan needs to be bundled with other products – e.g. a credit card or savings account

A regular offer can beat a special deal

Anyone who’s planning to take out a mortgage or who is thinking about refinancing should be on the lookout for home loan deals.

However, it would be a mistake to assume that one lender’s special deal must always be better than another lender’s regular offer.

There are a lot of credible lower-profile lenders out there that regularly outperform higher-profile lenders in terms of price and service – even when those rivals have special deals.

So once you’ve explored RateCity’s home loan deals page, you should also visit RateCity’s home loan comparison page. This is a place where you can check out almost 4,000 loans, comparing them in terms of interest rate, fees, features and minimum deposit. You can also take advantage of RateCity’s Real Time Ratings™ tool, which offers a personalised home loan ranking calculated just for you.

Once you’ve done that, you might discover a regular offer that is superior to any of the short-term home loan deals.

Don’t be afraid to ask for a better deal

Borrowers and refinancers shouldn’t just be on the lookout for existing home loan deals – they should also try to manufacture their own.

Many Australians don’t realise that lenders will often hand out spontaneous home loan deals – provided you ask.

Why? It’s because the mortgage market is so competitive. If lenders think you might take your business elsewhere, there’s a chance they’ll sweeten an existing deal by offering you any combination of rate cuts, fee reductions, cashback offers, rewards points and gifts.

Don’t let these lenders pressure you into accepting spontaneous home loan deals on the spot. You should ask for the deal in writing and say you’d like time to discuss it with your family. Alarm bells should ring if the lender insists that this is a now-or-never offer. That could be a sign that the lender expects that you’re going to shop around – and find a superior offer. The lender should have no problem with giving you time if it’s confident about the quality of its offer.

Another point worth mentioning is that you shouldn’t feel embarrassed about asking a lender to give you a better deal. Lenders get asked this question all the time; it might feel strange to you but it’s standard for them. The worst that can happen is that the lender says no.

^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.

Compare your product with the big 4 banks, or add more products to compare
As seen on