Australia's best value home loans

2.49%

Variable

2.49%

No upfront or ongoing fees
Extra repayments + redraw services
Free redraw facility
Repayments may decrease if RBA cuts rates

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Smart Booster Home Loan Discounted Variable - 1yr

1.99% variable rate for 12 months then 2.57% variable rate

1.99%

Intro 12 months

2.55%

special

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Home Value Home Loan (Principal and Interest)

Get a low variable interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Expiry date: 31/08/2020

2.65%

Variable

2.66%

special

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Star Classic Owner Occupied 1 Year Fixed Special

Limited time only for applications received by 30 September 2020 and settled 31 December 2020. Loan size up to $850k. Expiry date: 30/09/2020

1.98%

Fixed - 1 year

2.51%

special

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FAQs

RateCity wants to prove that it pays to check your home loan rate, and provide some extra motivation for doing so. We want to encourage people to take an active interest in their home loans, and gain a thorough understanding of what they’re paying and how much they could save.

You can only check your rates once. However we will send you, via email, the link to the result page so that you may return to it.

The winner will be chosen randomly from our entries on 21 May 2020 by Loyalty.com.au, in the presence of an independent scrutineer.

No. You can invite as many people to enter the competition as you like. Just remember that you’ll only get one extra entry in the competition for each invited friend that checks their own rate.

For details on how RateCity makes money, please see here.

No. While we will do our best to show a list of loans that may suit your needs, if you choose to apply to refinance, it is up to the lender to approve or disapprove your loan based on your individual circumstances, after you have submitted all your paperwork.

This can sometimes take up to 30 days, so it is important to find out exactly what the criteria is for the loan, and what you need in terms of paperwork. RateCity does not make any suggestions taking into account your personal and individual needs.

If we can’t beat your current home loan rate, you can claim your $100 gift card by confirming your home loan details with us.*

To do this, on your results page you’ll need to securely upload a home loan document or statement from your lender that can be used to confirm the home loan details you provided. This should outline the following information:

Loan term
Loan type (fixed / variable)
Payment type (principal and interest / interest only)
Loan purpose (owner / investor)
Property value
Date of loan commencement
Any special conditions

We’ll keep your information private and confidential and only use your document to confirm your entry.

Your repayments should appear on your bank statements or your internet banking. If you make weekly or fortnightly repayments, make sure you convert them to monthly calculations.

We use your current mortgage details to calculate the potential savings if you were to change lenders, and also to help us point you to loans that may meet your needs.

For example – if you live in the house you own, we’ll make sure we show you the owner-occupier rates, which are typically cheaper than investor rates. Or if you have less than 20% equity in your property, then we won’t show you the deals that require a greater amount of equity.

This competition is only available to Australian residents who are over 18 and check their home loan interest rate at RateCity. However, you are not required to refinance your home loan or apply for any financial products.

You can still enter if you don’t have a home loan yet – enter how much you plan to borrow and the details of the property you’re considering, and we’ll compare mortgage offers that may suit your needs and estimate how much you could save compared to a loan with an average interest rate.