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Home loan reviews
Reviews from satisfied (or less than satisfied) customers can tell you a lot about how banks and mortgage lenders do business. However, when it comes to reviewing mortgages, the best home loan reviews may only be accurate for a short period, as most home loans last for decades and may change over time.
How can home loans change?
One of the first home loan features that many borrowers look for in a home loan review is the interest rate. This is almost certain to change over the course of any home loan, as fixed rates revert to variable rates, and variable rates rise and fall to meet the fluctuating market.
Mortgage lenders also update their home loans regularly, adding new loans, retiring old offers, and adjusting the features and benefits that come with each deal. Even if a home loan is reviewed as offering the best value for money when it’s first launched, this review may not stay accurate for long unless it’s updated regularly.
Furthermore, your own personal financial situation is likely to change over time as you grow your family, change jobs, and experience other lifestyle changes. This may mean that when you compare home loan reviews today, what’s currently the best mortgage for your needs may no longer be your preferred option in the future.
Real Time Ratings™
One simple and straightforward way to review home loan options is to compare RateCity’s Real Time Ratings™. This system reviews mortgage offers every day, looking at the cost of interest and fees as well as the flexibility offered by the features and benefits. This gives each home loan a separate cost score and flexibility score, which are combined to provide the final rating.
Real Time Ratings™ are updated daily, so if a mortgage lender raises or lowers its interest rates, or adds or removes home loan features and benefits, the ratings on its home loan offers will change accordingly.
Home Loan Leaderboards
The best-rated home loans in each category are added to our Home Loan Leaderboards, which provide a quick and easy way to compare some of the top-rated mortgages on the market.
To appear on one of our leaderboards, a home loan needs to be one of the top-rated mortgage offers in its category. By comparing the Real Time Ratings™ of similar types of home loans, you can quickly get a better idea of which options may better suit your needs.
Home Loan Gold Awards
If a home loan consistently stays in our leaderboards for six months or more, it may be considered for one of RateCity’s Gold Awards. If you find one of RateCity’s Gold Award badges on a home loan, you can be confident that it’s one of the top-rated mortgage options on our site. Comparing the award-winning loans in each home loan category is a simple way to quickly consider a range of quality mortgage offers.
Before you apply for any home loan, it’s often worthwhile comparing home loan reviews and ratings to make sure you’re choosing a loan that suits your personal financial needs. Be sure to keep checking and reviewing your loan and other offers throughout its loan term, in case an offer that better matches your circumstances comes along for you to refinance with.
Compare popular home loans
Advertised Rate 2.19% Variable | Comparison Rate* 2.19% | Company  | Repayment $1,299 monthly | Features Redraw facility Offset Account Borrow up to 60% Extra Repayments Interest Only Owner Occupied | Go to site | The more of your home you pay off, the lower your rate could be. This low rate is avialbe for borrowers with equity of 40% or more. More details | Highlighted | ||
Product | Advertised Rate 2.09% Fixed - 3 years | Comparison Rate* 2.43% | Company  | Repayment $1,285 monthly | Features Redraw facility Offset Account Borrow up to 70% Extra Repayments Interest Only Owner Occupied | Go to site | Owner occupiers with deposits of 30% or more can lock in a low fixed rate for three years, with no ongoing fees. More details | ||
Advertised Rate 2.34% Variable | Comparison Rate* 2.34% | Company  | Repayment $1,322 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | With a discounted variable interest rate and no upfront or ongoing fees, you may be able to minimise the cost of your owner-occupied home loan. More details | |||
Advertised Rate 2.54% Variable | Comparison Rate* 2.55% | Company  | Repayment $1,352 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Bundle your home loan and transaction account for discounts on rates, fees, and insurance offers. | Winner of Best large bank home loan, RateCity Gold Awards 2020 More details | ||
Advertised Rate 2.48% Variable | Comparison Rate* 2.50% | Company  | Repayment $1,343 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Winner of Best variable, RateCity Gold Awards 2020 More details | |||
Advertised Rate 2.59% Variable | Comparison Rate* 2.60% | Company  | Repayment $1,359 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.04% Fixed - 3 years | Comparison Rate* 2.73% | Company  | Repayment $1,277 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Winner of Best 3 year fixed pi, RateCity Gold Awards 2020 More details | |||
Advertised Rate 2.09% Variable | Comparison Rate* 2.12% | Company  | Repayment $1,285 monthly | Features Redraw facility Offset Account Borrow up to 70% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.29% Fixed - 3 years | Comparison Rate* 3.13% | Company  | Repayment $1,314 monthly | Features Redraw facility Offset Account Borrow up to 95% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.55% Fixed - 1 year | Comparison Rate* 3.21% | Company  | Repayment $638 monthly | Features Redraw facility Offset Account Borrow up to 79.9999% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Advertised Rate 2.84% Variable | Comparison Rate* 2.46% | Company | Repayment $710 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.55% Variable | Comparison Rate* 2.60% | Company  | Repayment $1,353 monthly | Features Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Product | Advertised Rate 3.39% Variable | Comparison Rate* 3.59% | Company  | Repayment $1,484 monthly | Features Redraw facility Offset Account Borrow up to 85% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Product | Advertised Rate 2.84% Variable | Comparison Rate* 2.68% | Company | Repayment $710 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Advertised Rate 2.74% Variable | Comparison Rate* 2.74% | Company | Repayment $1,382 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.79% Fixed - 3 years | Comparison Rate* 4.46% | Company | Repayment $698 monthly | Features Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied | Go to site | More details | ||
Advertised Rate 3.29% Variable | Comparison Rate* 3.71% | Company  | Repayment $823 monthly | Features Redraw facility Offset Account Borrow up to 90% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Advertised Rate 2.68% Variable | Comparison Rate* 2.73% | Company | Repayment $1,373 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | More details | |||
Product | Advertised Rate 2.17% Variable | Comparison Rate* 2.20% | Company  | Repayment $1,297 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Winner of Best home loans over 1m, RateCity Gold Awards 2020 More details | ||
Advertised Rate 2.29% Variable | Comparison Rate* 2.23% | Company | Repayment $1,314 monthly | Features Redraw facility Offset Account Borrow up to 80% Extra Repayments Interest Only Owner Occupied | Go to site | Winner of Best newcommer home loan, Best variable, RateCity Gold Awards 2020 More details |
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Nick Bendel
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.