Compare home loan offers

Find home loans from a wide range of Australian lenders that best suit your needs, whether you're investing, refinancing or looking to buy your first home. Compare interest rates, mortgage repayments, fees and more. - Data last updated on 24 Jul 2018

Compare home loan offers

Promoted
Discount Offer Variable Home Loan ($200k-$700k)RewardsGet $1,000 cash into a USaver account when you apply for a loan of $200,000 or more (new or refinance). T&Cs apply.
Advertised rate
3.59%
Variable
Comparison rate*
3.59%
Monthly repayment
$1,135
Real Time Rating™

4.35 / 5

Compare
Promoted
Discount Variable Investment Loan (Principal and Interest) (LVR<80%)
Advertised rate
4.44%
Variable
Comparison rate*
4.49%
Monthly repayment
$1,258
Real Time Rating™

3.43 / 5

Compare
Variable Rate Home Loan (Principal and Interest) (Amounts < $750k, LVR 70%-80%)Cashback$900 cashback after your settlement
Advertised rate
3.54%
Variable
Comparison rate*
3.58%
Monthly repayment
$1,128
Real Time Rating™

4.69 / 5

Compare
Basic Home Loan Special (LVR < 80%)SpecialEstablishment fee waived for Variable Basic Home Loans until 30 September 2018
Advertised rate
3.65%
Variable
Comparison rate*
3.66%
Monthly repayment
$1,144
Real Time Rating™

4.42 / 5

Compare
Select Basic Home Loan (Principal and Interest) (Amounts < $500k, LVR < 80%)
Advertised rate
3.69%
Variable
Comparison rate*
3.70%
Monthly repayment
$1,149
Real Time Rating™

4.29 / 5

Compare
Premier Standard Variable Home LoanSpecialAvailable on new Premier home loan borrowings from $50,000 when applying by 31 July 2018
Advertised rate
3.69%
Variable
Comparison rate*
3.70%
Monthly repayment
$1,149
Real Time Rating™

4.43 / 5

Compare
IQ Basic Home Loan (Principal and Interest) (LVR < 70%)
Advertised rate
3.75%
Variable
Comparison rate*
3.76%
Monthly repayment
$1,158
Real Time Rating™

4.3 / 5

Compare
Special Low Variable Rate Home Loan (LVR < 80%)
Advertised rate
3.79%
Variable
Comparison rate*
3.79%
Monthly repayment
$1,163
Real Time Rating™

4.29 / 5

Compare
Basic Variable Rate Home Loan
Advertised rate
3.77%
Variable
Comparison rate*
3.81%
Monthly repayment
$1,161
Real Time Rating™

4.19 / 5

Compare
First Home Buyer Loan - 40 Year Term
Advertised rate
3.77%
Variable
Comparison rate*
3.81%
Monthly repayment
$1,161
Real Time Rating™

4.19 / 5

Compare
OMG Home Loan (Principal and Interest)
Advertised rate
3.79%
Variable
Comparison rate*
3.83%
Monthly repayment
$1,163
Real Time Rating™

4.09 / 5

Compare
Rate Buster High Lend 100% Offset Variable Investment Loan (Principal and Interest)CashbackReceive $750 cash back on loans between $250,000 and $749,999 and $1500 cash back on loans over $750,000
Advertised rate
3.89%
Variable
Comparison rate*
3.89%
Monthly repayment
$1,178
Real Time Rating™

4.34 / 5

Compare
IQ Basic Investment Loan (Principal and Interest) (LVR < 70%)
Advertised rate
3.99%
Variable
Comparison rate*
4.00%
Monthly repayment
$1,192
Real Time Rating™

3.99 / 5

Compare
UHomeLoan Fixed (Principal and Interest) 3 Years
Advertised rate
3.74%
Fixed - 3 years
Comparison rate*
4.01%
Monthly repayment
$1,156
Real Time Rating™

3.51 / 5

Compare
Premium Plus Package Variable Rate Home Loan Special (Principal and Interest) (LVR < 90%)SpecialIncludes a discounted rate off the Premium Plus Package Variable Rate Tier 4 home loan when meeting certain eligibility requirements.
Advertised rate
3.64%
Variable
Comparison rate*
4.03%
Monthly repayment
$1,142
Real Time Rating™

4.59 / 5

Compare
My Life Fixed Rate Package 2 Years
Advertised rate
3.69%
Fixed - 2 years
Comparison rate*
4.04%
Monthly repayment
$1,149
Real Time Rating™

3.9 / 5

Compare
My Life Fixed Rate Package 3 Years
Advertised rate
3.85%
Fixed - 3 years
Comparison rate*
4.05%
Monthly repayment
$1,172
Real Time Rating™

3.88 / 5

Compare
Essential Home Loan ($100k+)SpecialStandard Establishment fee of $350 and Settlement fee of $250 waived
Advertised rate
4.04%
Variable
Comparison rate*
4.07%
Monthly repayment
$1,199
Real Time Rating™

3.91 / 5

Compare
OMG Investment Loan (Principal and Interest)
Advertised rate
4.04%
Variable
Comparison rate*
4.08%
Monthly repayment
$1,199
Real Time Rating™

3.77 / 5

Compare
Inv UHomeLoan Fixed 3 Years
Advertised rate
3.99%
Fixed - 3 years
Comparison rate*
4.44%
Monthly repayment
$1,192
Real Time Rating™

3.16 / 5

Compare
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Home loan offers

When you are planning to buy a home, whether it's your first one, or if you need to move to a different area for work or just want to upsize or downsize, the chances are you are going to need a home loan. Home loan offers can be relatively easy to source, provided you can prove that you will be able to afford the repayments, and there are many companies that specialise in these types of offer. A home loan is more than likely the largest loan that you will ever take out in your lifetime, so you want to make sure you get things right from the start.

What are home loan offers?

When you start to explore your financial options for buying a home, you should take the time to research a wide variety of home loan offers. Offers constantly change, sometimes depending on economic circumstances when interest rates may be particularly low and attractive offers can be put forward to new or existing customers, or when a financial company is looking to get more business over a specific period of time. Home loan offers like these don't last forever, but you'll still discover offers made to you for your home loan.

What are the main features of home loan offers?

When you are looking for a home loan offer, there are several options for repayments that you can choose. Examine each one carefully to make sure that it's suitable for you. The three main methods to repay a home loan are:

  • Variable interest rate mortgage: you will start with an agreed interest rate, and your repayments include both the interest on the principal loan and a contribution to paying off the principal. If interest rates go up or down, your lender will usually pass on the rise or cut, in part or in full. Depending on the size of the loan, the time taken to pay everything off can be many years, but at the end you will own the property.
  • Fixed interest rate mortgage: you and the company will agree to fix the interest rate for a specified period, usually between two and ten years. That means you know exactly what you will be paying every month, and when the agreement comes to an end, it may be possible to put another one in place or look for another lender.
  • Split interest rate mortgage: you can negotiate with your lender for a mix of the two previous rates, splitting between variable and fixed.
  • Interest only mortgage: some lenders may offer this option where you just pay the interest on the principal loan, but at the end of the term that principal is outstanding and you have to pay it. Repayments will be cheaper, but you need to build up a fund to pay the principal or be prepared to sell the property and hope to make a profit. House prices generally rise, so you could do well out of it in the end.

FAQs

Bad credit home loans can be dangerous if the borrower signs up for a loan they’ll struggle to repay. This might occur if the borrower takes out a mortgage at the limit of their financial capacity, especially if they have some combination of a low income, an insecure job and poor savings habits.

Bad credit home loans can also be dangerous if the borrower buys a home in a stagnant or falling market – because if the home has to be sold, they might be left with ‘negative equity’ (where the home is worth less than the mortgage).

That said, bad credit home loans can work out well if the borrower is able to repay the mortgage – for example, if they borrow conservatively, have a decent income, a secure job and good savings habits. Another good sign is if the borrower buys a property in a market that is likely to rise over the long term.

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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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