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Looking for the best-rated home loan offers on the market? Compare home loan ratings and see how we’ve ranked current Australian mortgages.

How are Real Time Ratings™ calculated?

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	Company	Comparison Rate*	Monthly Repayment	Features
1 2 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	Cash Back Hero Variable	2.59%	$1,199	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
2 1 position down today	Construction Loan	2.68% Variable	Construction Loan	2.70%	$670	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
3 1 position up today	Owner Occupied Home Loan	2.74% Variable	Owner Occupied Home Loan	2.77%	$685	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
4 2 position up today	First Home Loan	2.79% Variable	First Home Loan	2.84%	$698	Redraw facility Offset Account Borrow up to 95% Extra Repayments Interest Only Owner Occupied
5 2 position up today	Home Package Plus Cashback Refinance and get up to $3,000 cash bonus with an eligible Suncorp Bank Home Loan. Expiry date: 30/09/2020	3.04% Variable	Home Package Plus	3.05%	$760	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied

Data last updated on 5 Aug 2020

Read our important disclosures and general advice warning

Best home loans over $1 million

RateCity's top-rated home loans for borrowing more than one million dollars. Assumes a $1 million home loan for an owner occupier, with a variable interest rate, an offset account and a maximum LVR of 80%.

Ranking	Product	Advertised Rate	Company	Comparison Rate*	Monthly Repayment	Features
1 1 position up today	Standard Variable Home Loan	2.44% Variable	Standard Variable Home Loan	2.44%	$1,176	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
2 1 position down today	Freedom Variable	2.49% Variable	Freedom Variable	2.49%	$1,184	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
3 3 position down today	Live-in Variable (With Offset)	2.39% Variable	Live-in Variable (With Offset)	2.53%	$1,168	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
4 13 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%. Expiry date: 29/11/2020	2.59% Variable	Real Deal Home Loan	2.64%	$1,199	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
5 1 position down today	Advantage - Essentials Home Loan	2.54% Variable	Advantage - Essentials Home Loan	3.12%	$1,192	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied

Data last updated on 5 Aug 2020

Read our important disclosures and general advice warning

Best variable rate home loans for investors

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

Ranking	Product	Advertised Rate	Company	Comparison Rate*	Monthly Repayment	Features
1 6 position up today	Investor Cash Back Hero Cashback Get between $1,000 to $10,000 as cashback on loans above $250,000. Available for new loans and refinancing. Expiry date: 31/08/2020	3.19% Variable	Investor Cash Back Hero	3.19%	$798	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
2 3 position up today	Real Deal Home Loan special Includes a discounted rate off the Real Deal Home Loan investment rate	2.99% Variable	Real Deal Home Loan	3.02%	$748	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
3 2 position down today	Basic variable home loan	2.89% Variable	Basic variable home loan	3.61%	$723	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
4 2 position down today	Construction Loan	2.99% Variable	Construction Loan	3.01%	$748	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
5 2 position down today	Investment Property Home Loan	3.09% Variable	Investment Property Home Loan	3.12%	$773	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied

Data last updated on 5 Aug 2020

Read our important disclosures and general advice warning

Best interest-only investor home loan

RateCity's top-rated interest-only investor home loans. Assumes a $400,000 mortgage with a maximum LVR of 80%, paying interest only at a fixed rate for a five year term.

Ranking	Product	Advertised Rate	Company	Comparison Rate*	Monthly Repayment	Features
1 1 position up today	Home Package Plus Cashback Refinance and get up to $3,000 cash bonus with an eligible Suncorp Bank Home Loan. Expiry date: 30/09/2020	3.04% Fixed - 5 years	Home Package Plus	3.59%	$760	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
2 2 position up today	Fixed Rate Investor Home Loan	3.09% Fixed - 5 years	Fixed Rate Investor Home Loan	3.91%	$773	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
3 1 position down today	Fixed Rate Investor Home Loan	3.09% Fixed - 5 years	Fixed Rate Investor Home Loan	3.91%	$773	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
4 1 position down today	Premier	2.89% Fixed - 5 years	Premier	3.44%	$723	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
5 1 position down today	5 Year Fixed (Investor Interest Only)	2.89% Fixed - 5 years	5 Year Fixed (Investor Interest Only)	2.89%	$723	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied

Data last updated on 5 Aug 2020

Read our important disclosures and general advice warning

Best packaged home loans

RateCity's top-rated home loans that are available as a package with one or more other financial products, such as a credit card or bank account. Assumes a $400,000 mortgage with a variable interest rate for an owner occupier.

Ranking	Product	Advertised Rate	Company	Comparison Rate*	Monthly Repayment	Features
1 2 position up today	Low Rate Line of Credit Home Loan	2.74% Variable	Low Rate Line of Credit Home Loan	2.76%	$685	Redraw facility Offset Account Borrow up to 70% Extra Repayments Interest Only Owner Occupied
2 2 position up today	Home Package Plus Cashback Refinance and get up to $3,000 cash bonus with an eligible Suncorp Bank Home Loan. Expiry date: 30/09/2020	3.04% Variable	Home Package Plus	3.05%	$760	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
3 1 position up today	Investment Ultimate 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	3.09% Variable	Investment Ultimate	3.52%	$773	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
4 1 position down today	Offset Home Loan	3.09% Variable	Offset Home Loan	3.35%	$773	Redraw facility Offset Account Borrow up to 60% Extra Repayments Interest Only Owner Occupied
5 2 position up today	Essential Plus Loan	2.99% Variable	Essential Plus Loan	3.15%	$748	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied

Data last updated on 5 Aug 2020

Read our important disclosures and general advice warning

Best home loans from large banks

RateCity's top-rated home loans from one of Australia’s major financial institutions. Assumes a $400,000 mortgage for an owner-occupier, with a variable interest rate and a maximum LVR of 80%.

Ranking	Product	Advertised Rate	Company	Comparison Rate*	Monthly Repayment	Features
1 1 position up today	Home Package Plus Cashback Refinance and get up to $3,000 cash bonus with an eligible Suncorp Bank Home Loan. Expiry date: 30/09/2020	3.04% Variable	Home Package Plus	3.05%	$760	Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied
2 1 position up today	Basic Home Loan special Establishment fee waived on Basic Home Loans of $150k+	2.64% Variable	Basic Home Loan	2.66%	$1,207	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
3 5 position up today	Extra Home Loan Cashback $2,000 cashback for refinancers who apply before 31 October 2020 and have their loan funded by 31 December 2020. Minimum refinance amount $250,000. Eligibility criteria applies. This offer is not available for Bridging Loans. Expiry date: 31/10/2020	2.79% Variable	Extra Home Loan	2.80%	$1,231	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
4 1 position down today	Mortgage Simplifier	2.59% Variable	Mortgage Simplifier	2.62%	$1,199	Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied
5 1 position down today