Home Loans Leaderboards

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

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

2.59%

Variable

2.64%

Reduce Home Loans

$1,199

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

4.45

/ 5
2
2 position up today

2.59%

Variable

2.61%

Freedom Lend

$648

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.96

/ 5
3
1 position up today

2.79%

Variable

2.84%

Police Bank

$698

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

2.85

/ 5
4
2 position down today

2.17%

Variable

2.20%

Well Home Loans

$1,135

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

4.13

/ 5
5
12 position up today

2.19%

Variable

2.34%

Tic Toc

$1,138

Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied

4.11

/ 5

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
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
15 position up today

1.95%

Variable

1.99%

Easy Street Financial Services

$1,101

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

4.50

/ 5
2
1 position down today

2.79%

Variable

2.58%

Freedom Lend

$698

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.02

/ 5
3
1 position up today

2.79%

Variable

2.84%

Police Bank

$698

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

2.85

/ 5
4
3 position up today

2.79%

Variable

2.86%

Resimac

$698

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.63

/ 5
5
1 position down today

2.79%

Variable

2.84%

Bank of Heritage Isle

$698

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

2.42

/ 5

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
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
1 position up today

2.59%

Variable

3.53%

Easy Street Financial Services

$648

Redraw facility
Offset Account
Borrow up to 95%
Extra Repayments
Interest Only
Owner Occupied

2.71

/ 5
2
1 position down today

1.99%

Intro 12 months

2.71%

loans.com.au

$685

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.75

/ 5
3
1 position down today

2.79%

Variable

2.82%

Homestar Finance

$698

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.56

/ 5
4
2 position up today

2.99%

Variable

3.02%

Newcastle Permanent

$748

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.11

/ 5
5
1 position up today

2.89%

Variable

3.61%

Community First Credit Union

$723

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.09

/ 5

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
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
12 position up today

2.89%

Fixed - 5 years

3.51%

Citi

$723

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.53

/ 5
2
1 position down today

3.19%

Fixed - 5 years

4.45%

Heritage Bank

$798

Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied

1.89

/ 5
3
1 position down today

3.04%

Fixed - 5 years

3.47%

Suncorp Bank

$760

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

1.79

/ 5
4
1 position down today

2.89%

Fixed - 5 years

3.44%

HSBC

$723

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

1.61

/ 5
5
1 position down today

2.89%

Fixed - 5 years

2.89%

UBank

$723

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

1.59

/ 5

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
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
2 position up today

2.74%

Variable

2.76%

State Custodians

$685

Redraw facility
Offset Account
Borrow up to 69.9999%
Extra Repayments
Interest Only
Owner Occupied

2.70

/ 5
2
1 position up today

3.04%

Variable

3.02%

Suncorp Bank

$760

Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied

2.69

/ 5
3
1 position up today

2.99%

Variable

3.26%

Macquarie Bank

$748

Redraw facility
Offset Account
Borrow up to 70%
Extra Repayments
Interest Only
Owner Occupied

2.08

/ 5
4
1 position up today

3.04%

Variable

3.47%

Greater Bank

$760

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

2.15

/ 5
5
2 position down today

1.99%

Intro 24 months

2.93%

Illawarra Credit Union

$1,185

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.65

/ 5

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
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
1 position up today

3.04%

Variable

3.02%

Suncorp Bank

$760

Redraw facility
Offset Account
Borrow up to 90%
Extra Repayments
Interest Only
Owner Occupied

2.69

/ 5
2
1 position up today

2.98%

Variable

2.99%

HSBC

$745

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

1.89

/ 5
3
1 position down today

2.69%

Variable

2.71%

St.George Bank

$1,215

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

2.99

/ 5
4
1 position up today

2.69%

Variable

2.70%

Commonwealth Bank of Australia

$1,215

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.67

/ 5
5
2 position down today

2.49%

Variable

2.52%

ING

$1,184

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.42

/ 5

Best home loans from new lenders

RateCity's top-rated home loans from lenders recently added to RateCity. Assumes a $400,000 mortgage for an owner occupier with a variable interest rate

Ranking
Product
Advertised Rate
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
1 position up today

2.79%

Variable

2.84%

Bank of Heritage Isle

$698

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

2.42

/ 5
2
1 position up today

2.99%

Variable

2.93%

86 400

$748

Redraw facility
Offset Account
Borrow up to 60%
Extra Repayments
Interest Only
Owner Occupied

2.16

/ 5
3
1 position down today

2.34%

Variable

2.34%

Athena Home Loans

$1,161

Redraw facility
Offset Account
Borrow up to 60%
Extra Repayments
Interest Only
Owner Occupied

3.68

/ 5
4
1 position down today

2.54%

Variable

2.74%

AWA Alliance Bank

$1,192

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.46

/ 5
5
1 position up today

3.17%

Variable

3.11%

Firefighters Mutual Bank

$793

Redraw facility
Offset Account
Borrow up to 60%
Extra Repayments
Interest Only
Owner Occupied

1.99

/ 5

Best small deposit home loans

RateCity's top-rated home loans with a deposit requirement of 5% or less. Assumes a $400,000 mortgage for an owner occupier with a variable interest rate and a maximum LVR of 95% or more.

Ranking
Product
Advertised Rate
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
2 position up today

2.87%

Variable

2.93%

Endeavour Mutual Bank

$718

Redraw facility
Offset Account
Borrow up to 95%
Extra Repayments
Interest Only
Owner Occupied

2.39

/ 5
2
2 position up today

2.45%

Variable

2.50%

Illawarra Credit Union

$1,178

Redraw facility
Offset Account
Borrow up to 95%
Extra Repayments
Interest Only
Owner Occupied

3.49

/ 5
3
1 position up today

2.99%

Variable

3.02%

Geelong Bank

$748

Redraw facility
Offset Account
Borrow up to 97%
Extra Repayments
Interest Only
Owner Occupied

1.59

/ 5
4
2 position up today

3.20%

Variable

2.98%

Regional Australia Bank

$800

Redraw facility
Offset Account
Borrow up to 95%
Extra Repayments
Interest Only
Owner Occupied

1.76

/ 5
5
3 position up today

3.29%

Variable

3.08%

Freedom Lend

$823

Redraw facility
Offset Account
Borrow up to 95%
Extra Repayments
Interest Only
Owner Occupied

1.90

/ 5

Best 3-year fixed rate principal and interest home loan

RateCity's top-rated principal and interest home loans with a fixed interest rate for three years. Assumes a $400,000 mortgage for an owner occupier.

Ranking
Product
Advertised Rate
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
2 position up today

2.27%

Fixed - 3 years

2.23%

Well Home Loans

$1,150

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.90

/ 5
2
2 position up today

1.99%

Fixed - 3 years

3.10%

Bank First

$1,107

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.97

/ 5
3
11 position up today

2.15%

Fixed - 3 years

2.84%

BankVic

$1,131

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

4.04

/ 5
4
3 position up today

2.09%

Fixed - 3 years

2.94%

Citi

$1,122

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

4.11

/ 5
5
1 position down today

2.06%

Fixed - 3 years

2.38%

Homestar Finance

$1,118

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.66

/ 5

Best 5-year fixed rate principal and interest home loan

RateCity's top-rated principal and interest home loans with a fixed interest rate for three years. Assumes a $400,000 mortgage for an owner occupier.

Ranking
Product
Advertised Rate
Comparison Rate*
Company
Monthly Repayment
Features
Real Time Rating™
1
1 position up today

2.49%

Fixed - 5 years

2.84%

BankVic

$1,184

Redraw facility
Offset Account
Borrow up to 94.9999%
Extra Repayments
Interest Only
Owner Occupied

4.07

/ 5
2
4 position up today

2.39%

Fixed - 5 years

2.97%

Citi

$1,168

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.96

/ 5
3
1 position down today

2.69%

Fixed - 5 years

3.39%

St.George Bank

$1,215

Redraw facility
Offset Account
Borrow up to 59.9999%
Extra Repayments
Interest Only
Owner Occupied

3.70

/ 5
4
1 position down today

2.54%

Fixed - 5 years

3.34%

Bank of Queensland

$1,192

Redraw facility
Offset Account
Borrow up to 80%
Extra Repayments
Interest Only
Owner Occupied

3.34

/ 5
5
1 position down today

2.59%

Fixed - 5 years

2.79%

Police Bank

$1,199

Redraw facility
Offset Account
Borrow up to 79.9999%
Extra Repayments
Interest Only
Owner Occupied