Best variable rate home loans

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Best variable rate home loans

RateCity's top-rated home loans with a variable interest rate. Assumes a $400,000 mortgage with a maximum LVR of 80%.

Ranking	Product	Advertised Rate	Comparison Rate*	Company	Monthly Repayment	Features	Real Time Rating™
1 1 position up today	Cash Back Hero Variable Cashback Get between $1,000 to $10,000 as cashback on loans above $250,000. Available for new loans and refinancing.	2.59% Variable	2.64%	Compare	$1.2k	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	4.45 / 5
2 2 position up today	Construction Loan	2.59% Variable	2.61%	Compare	$648	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.96 / 5
3 1 position up today	First Home Loan Cashback Enjoy up to $2k Cashback on new home loans and refinances. ~ Ends in 7 days	2.79% Variable	2.84%	Compare	$698	Redraw facility Offset Account Borrow up to 94.9999% Extra Repayments Interest Only Owner Occupied	2.85 / 5
4 2 position down today	Well Balanced special Limited time special - Applications must be submitted and approved prior to November 30, 2020 for discounted rate.~ Ends in about 1 month	2.17% Variable	2.20%	Compare	$1.1k	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	4.13 / 5
5 12 position up today	Live-in Variable (With Offset)	2.19% Variable	2.34%	Compare	$1.1k	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied	4.11 / 5
6 1 position down today	Owner Occupied Variable Home Loan (Interest Only)	2.79% Variable	2.82%	Compare	$698	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.56 / 5
7 1 position down today	Home Package Plus Cashback Get up to $3,000 cash bonus when you refinance with an eligible Suncorp Bank Home Loan.~ Ends in about 2 months	3.04% Variable	3.02%	Compare	$760	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied	2.69 / 5
8 1 position up today	Great Rate special Borrow up to 110% of the property value by asking your family to guarantee the home loan by using their property as security on your mortgage	2.78% Variable	2.79%	Compare	$695	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.49 / 5
9 1 position down today	Standard Variable Home Loan	2.34% Variable	2.34%	Compare	$1.2k	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	4.14 / 5
10 1 position down today	First Home Loan	2.79% Variable	2.84%	Compare	$698	Redraw facility Offset Account Borrow up to 94.9999% Extra Repayments Interest Only Owner Occupied	2.42 / 5
11 1 position up today	Real Deal Home Loan Cashback Get a $2000 refinance cashback when you refinance your loan. Loan amount $250k or more. LVR up to 80%.~ Ends in about 1 month	2.99% Variable	2.77%	Compare	$748	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.51 / 5
12 1 position down today	Resimac Prime	2.79% Variable	2.86%	Compare	$698	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.36 / 5
13 2 position down today	Basic Variable Home Loan special Discounted Interest Rate of 0.50% p.a. lower than the Standard Variable Home Loan	2.87% Variable	2.93%	Compare	$718	Redraw facility Offset Account Borrow up to 95% Extra Repayments Interest Only Owner Occupied	2.39 / 5
14 2 position down today	Smart Home Loan (Interest Only)	2.79% Variable	2.81%	Compare	$698	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.29 / 5
15 1 position down today	HomeBuilder Loan	2.79% Variable	2.82%	Compare	$698	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.06 / 5
16 1 position down today	Basic 80 I/O (Broker Special)	2.89% Variable	2.92%	Compare	$723	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	2.10 / 5
17 1 position down today	The Works Package OO Variable Special (2 year Intro)	1.99% Intro 24 months	2.93%	Compare	$1.2k	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	3.65 / 5
18 3 position up today	Budget Home Loan	2.98% Variable	2.86%	Compare	$745	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	1.96 / 5
19 5 position up today	Discounted Variable Rate (Owner Occupied Interest Only)	3.03% Variable	2.70%	Compare	$758	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	1.98 / 5
20 1 position up today	Advantage - Essentials Home Loan	2.44% Variable	2.61%	Compare	$1.2k	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied	3.64 / 5

Data last updated on 23 Oct 2020

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