Compare some of the Lowest Home Loan Rates^ in Australia

Search for the lowest home loan rates that suits your needs by comparing over 3000+ mortgages available in Australia - Data last updated on 25 Jun 2018

Compare some of the Lowest Home Loan Rates^ in Australia

No Fee Variable Rate Home Loan (Principal and Interest)
Advertised rate
4.52%
Variable
Comparison rate*
4.52%
Monthly repayment
$1,270
Real Time Rating™

3.48 / 5

Compare
Liberty Star Investment Loan (LVR < 60%)
Advertised rate
4.24%
Variable
Comparison rate*
4.55%
Monthly repayment
$1,228
Real Time Rating™

3.81 / 5

Compare
Inv UHomeLoan Fixed 5 Years
Advertised rate
4.49%
Fixed - 5 years
Comparison rate*
4.56%
Monthly repayment
$1,265
Real Time Rating™

3.35 / 5

Compare
Home Advantage Fixed Investment Loan (Principal and Interest) 1 Year
Advertised rate
4.29%
Fixed - 1 year
Comparison rate*
4.57%
Monthly repayment
$1,236
Real Time Rating™

3.81 / 5

Compare
Home Advantage Fixed Investment Loan (Principal and Interest) 2 Years
Advertised rate
4.29%
Fixed - 2 years
Comparison rate*
4.58%
Monthly repayment
$1,236
Real Time Rating™

3.78 / 5

Compare
Home Advantage Fixed Investment Loan (Principal and Interest) 3 Years
Advertised rate
4.29%
Fixed - 3 years
Comparison rate*
4.59%
Monthly repayment
$1,236
Real Time Rating™

3.75 / 5

Compare
Inv UHomeLoan Variable
Advertised rate
4.66%
Variable
Comparison rate*
4.59%
Monthly repayment
$1,291
Real Time Rating™

3.28 / 5

Compare
Inv UHomeLoan Fixed 1 Year
Advertised rate
3.99%
Fixed - 1 year
Comparison rate*
4.62%
Monthly repayment
$1,192
Real Time Rating™

3.31 / 5

Compare
Discount Variable Home Loan
Advertised rate
4.59%
Variable
Comparison rate*
4.64%
Monthly repayment
$1,280
Real Time Rating™

3.26 / 5

Compare
Flexi First Option Home Loan (Principal and Interest)
Advertised rate
4.59%
Variable
Comparison rate*
4.64%
Monthly repayment
$1,280
Real Time Rating™

3.26 / 5

Compare
Premium Home Loan Fixed 3 Years (LVR < 80%)SpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
4.04%
Fixed - 3 years
Comparison rate*
4.66%
Monthly repayment
$1,199
Real Time Rating™

3.79 / 5

Compare
Premium Home Loan Fixed 2 Years (LVR < 80%)SpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
4.09%
Fixed - 2 years
Comparison rate*
4.73%
Monthly repayment
$1,207
Real Time Rating™

3.5 / 5

Compare
Premium Home Loan Fixed 1 Year (LVR < 80%)SpecialApply for a 3 month break in repayments for environmental upgrades to your home
Advertised rate
3.99%
Fixed - 1 year
Comparison rate*
4.78%
Monthly repayment
$1,192
Real Time Rating™

3.29 / 5

Compare
Choice Package Tailored Home Loan (Principal and Interest) ($250k-$750k)
Advertised rate
4.39%
Variable
Comparison rate*
4.78%
Monthly repayment
$1,250
Real Time Rating™

3.55 / 5

Compare
Choice Package Tailored Home Loan Fixed (Principal and Interest) 5 Years
Advertised rate
4.09%
Fixed - 5 years
Comparison rate*
4.80%
Monthly repayment
$1,207
Real Time Rating™

3.89 / 5

Compare
Flexible Home Loan Fixed 3 Years (LVR < 90%)
Advertised rate
4.14%
Fixed - 3 years
Comparison rate*
4.81%
Monthly repayment
$1,214
Real Time Rating™

3.43 / 5

Compare
Premier Package Rocket Repay Home Loan (Principal and Interest) ($250k-$500k)RewardsReceive 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 and approved before 30 September 2018 and settled by 30 November 2018.
Advertised rate
4.44%
Variable
Comparison rate*
4.82%
Monthly repayment
$1,258
Real Time Rating™

3.49 / 5

Compare
Choice Package Tailored Home Loan Fixed (Principal and Interest) 3 Years
Advertised rate
3.94%
Fixed - 3 years
Comparison rate*
4.84%
Monthly repayment
$1,185
Real Time Rating™

3.7 / 5

Compare
Premier Package Low Doc Fixed Options Home Loan (Principal and Interest) 3 Years
Advertised rate
3.99%
Fixed - 3 years
Comparison rate*
4.85%
Monthly repayment
$1,192
Real Time Rating™

3.65 / 5

Compare
Choice Package Tailored Home Loan Fixed (Principal and Interest) (First Home Buyer Special) 2 YearsSpecialDiscount off the 2 years Package Fixed Rate (Principal and Interest) for a loan of $150k+ for first home buyers purchasing residential properties only
Advertised rate
3.69%
Fixed - 2 years
Comparison rate*
4.86%
Monthly repayment
$1,149
Real Time Rating™

3.62 / 5

Compare
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When shopping for a home loan a big consideration is a low interest rate. Why? Because the lower the interest rate, the less money you’ll hand over to your bank every month. For this reason finding the lowest home loan rates is important in making sure you are getting a good deal.

A home loan is a long-term commitment so it’s a good idea to research and compare the interest rates available. See what each lender is offering and compare each product to work out whether you are getting a good deal.

Should I take out a variable home loan?

Also keepx in mind that if you opt for a variable home loan you will be subject to fluctuating interest rates. This means that while you may be choosing one of the lowest home loan rates now it could go up in the future. With that said, there are also advantages to a variable home loan, because if the interest rate drops you’ll find yourself with more money in your pocket every month.

Compare variable rate home loans below and read further information on the difference between fixed and variable loans.

What if the rate is just an introductory offer?

When looking at which home loan has the lowest interest rate remember that some low rates are only an introductory offer. These low rate home loan offers come with an expiry date and when your time is up you could be hit with high interest rates for the rest of the loan.

While this can be a good way of easing yourself into home loan payments, especially for first home buyers, check the revert rate against the average mortgage interest rate to make sure you’re not getting yourself into a bad deal.

What are some other important features of a loan?

Other features of a mortgage are just as important as getting the lowest home loan rate so don’t let yourself be blinded by a seemingly great deal. If you have plans to use a redraw facility on your mortgage, or to be able to make extra repayments towards your principal, check that it will be possible with the loan that you choose.

You may also want to see if you can make lump sum repayments towards your home loan at any time without incurring an extra fee. Being able to put extra money towards your home loan can cut years and dollars off your mortgage so can be just as important in saving you money as a low interest rate.

*The phrase ‘some of the lowest’ is not a recommendation or rating of products. This page compares a range of home loans from selected providers, not all products or providers are included in the comparison. No home loan is one size fits all. The best home loan for you will not be the best home loan for someone else. As a result, it's worth getting advice on whether a product is right for you before committing. 

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^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.

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