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
SPECIALReduced rate special on Premier Standard Variable Home Loan for new to bank borrowings of $50,000 or more. Apply by 24 August 2018.
Premier Standard Variable Home Loan (New Customer) (Principal and Interest)

special card logo
Expiry date: 24/08/2018
View Product Details
SPECIALRefinance to an Advantage Package Home Loan and get complimentary electricity charges capped at $3,000 or 12 months, whichever is sooner. For Victorian residents with Owner Occupied, Principal and Interest repayments only. Min loan $250k. Offer ends 31 August 2018.
Advantage Package Fixed Rate Home Loan (Principal and Interest)

Excludes internal refinances or switches from Westpac, St.George Bank, BankSA, Bank of Melbourne and RAMS.

special card logo
Expiry date: 31/08/2018
View Product Details
SPECIAL$0 Annual Fee (Saving $120 per year) when you apply before 28th September 2018.
Ultra Plus Home Loan Fixed (Principal and Interest)

special card logo
Expiry date: 28/09/2018
View Product Details
SPECIALWaived establishment fee of $545 until 30/9/18
Gold Rate Home Loan

special card logo
Expiry date: 30/09/2018
View Product Details
SPECIALEstablishment fee waived for Variable Basic Home Loans until 30 September 2018.
Basic Investment Loan (Interest Only)

special card logo
Expiry date: 30/09/2018
View Product Details
SPECIALSpecial Offer for new loans for a limited time only
Westpac

Minimum loan size $150k. Excludes internal refinances and switches.

special card logo
Expiry date: Until Further Notice
View Product Details
SPECIALLow rate and $0 application fee. Offer is for applications made and approved by 31/12/18, funded by 31/03/19.
Accelerator Package Home Loan (Principal and Interest) (New Customer) Special

For applications made and unconditionally approved by 08/08/18, funded by 08/11/18. $0 application fee offer applies to application, legal and valuation fee with only one valuation fee waived.

special card logo
Expiry date: 31/12/2018
View Product Details
SPECIALLow rate on Standard Variable Loan. Offer is for applications made and unconditionally approved by 31/12/18, funded by 31/03/19.
Standard Variable Home Loan (New Money Offer)

special card logo
Expiry date: 31/12/2018
View Product Details
SPECIALWaive up to $1500 in setup costs when you refinance to Hume
Property Package Standard Variable Loan (Refinance)

Refinance a loan of $100k+ ($250k+ for introductory loans) to Hume and up to $1,500 of setup costs will be waived.

special card logo
Expiry date: Until Further Notice
View Product Details
SPECIALNo monthly fees
Advantage Home Loan Special (LVR < 95%)

No monthly fees

special card logo
Expiry date: Until Further Notice
View Product Details
SPECIALSpecial Offer Variable Home Loan Package
Variable Home Loan Package Special (Principal and Interest)

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

special card logo
Expiry date: Until Further Notice
View Product Details
Cashback home loans offers
CASHBACK$1500 Cashback on refinance of $200k+ to an Advantage Package Home Loan. Apply by 31 Aug 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.

special card logo
Expiry date: 31/08/2018
View Product Details
CASHBACK$1500 Cashback on refinance of $250k+ to an Advantage Package Home Loan. Apply by 31 August 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.

special card logo
Expiry date: 31/08/2018
View Product Details
CASHBACKRefinance with Police Bank and they'll give you a $1500 bonus. Establishment fee for loan is waived if loan amount is over $50k.
Gold Rate Home Loan

special card logo
Expiry date: 29/09/2018
View Product Details
CASHBACKTake out a QBANK home loan before 14 October 2018 and you'll go in the draw to win a $5,000 housewarming gift.
QBANK

special card logo
Expiry date: 14/10/2018
View Product Details
CASHBACK$1500 Cashback when you refinance with Queenslanders CU with a maximum LVR of 80% before 15 June 2018.
Fixed Rate Home Loan (Principal and Interest)

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.

special card logo
Expiry date: Until Further Notice
View Product Details
CASHBACK$0 Establishment Fee and $1000 Cash Back offer for a limited time only on loans over $250,000
& Home Loan

For a limited time only, get $1,000 deposited into your P&N transaction account when P&N Bank fund a new & Home Loan over $250,000

special card logo
Expiry date: Until Further Notice
View Product Details
CASHBACK$900 cashback after your settlement
Variable Rate Home Loan (Principal and Interest) (Amounts < $750k, LVR 70%-80%)

special card logo
Expiry date: Until Further Notice
View Product Details
Reward home loans offers
REWARDReceive 200,000 Velocity Points when you take out a new home loan under the Premier Advantage Package. Min loan size $250k. Offer is valid for applications submitted by 30 September 2018 and settled by 30 November 2018. Excludes refinances within Westpac Group. T&Cs apply.
Premier Advantage Package Rocket Repay Home Loan (Principal and Interest) ($250k-$500k)

special card logo
Expiry date: 30/09/2018
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.

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