Home loan comparison
Buying a home or looking to refinance? The table below features home loans
with some of the lowest interest rates on the market for owner occupiers.
Lender | Advertised rate | Comparison rate | Monthly repayment | Rate Type | Offset | Redraw | Ongoing Fee | Upfront Fees | LVR | Lump Sum Repayment | Additional Repayments | Pre-approval | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
| ||||||||||||
Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDAN EASY ONLINE APPLICATION | Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
| ||||||||||||
Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
| |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDREFINANCE IN MINUTES, NOT WEEKS | Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
| ||||||||||||
Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
| |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) (NSW and ACT only) 3 Years (LVR < 95%) | |||||||||||||
| Fixed | More details | ||||||||||||
| NO ONGOING FEES | Basic Home Loan Fixed (Principal and Interest) (LVR 70%-80%) 3 Years | ||||||||||||
| Variable | More details | ||||||||||||
| YOU COULD WIN $100k TO PAY DOWN YOUR LOAN* | Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan 1 Year (LVR < 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDYOU COULD WIN $100k TO PAY DOWN YOUR LOAN* | Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| ||||||||||||
Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
| |||||||||||||
| Fixed | More details | ||||||||||||
Orange Advantage Home Loan Fixed 1 Year (LVR ≤ 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Fixed | More details | ||||||||||||
| FREE REDRAW FACILITY | Fixed Rate OO P&I - 2 Years | ||||||||||||
| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%) | ||||||||||||
| Variable | More details | ||||||||||||
| UNLIMITED EXTRA REPAYMENTS | Basic Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Variable | More details | ||||||||||||
| FEATURED | Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
| ||||||||||||
Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
| |||||||||||||
| Variable | More details | ||||||||||||
| NO ONGOING FEES | Basic Flyer Home Loan (Principal and Interest) (LVR 60%-70%) | ||||||||||||
| Variable | More details | ||||||||||||
| YOU COULD WIN $100k TO PAY DOWN YOUR LOAN* | Owner Occupier Accelerates - Liberate (LVR 70%-80%) (Principal and Interest)
| ||||||||||||
| Fixed | More details | ||||||||||||
| NO ONGOING FEES | Fixed Rate OO P&I - 3 Years | ||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDFREE REDRAW FACILITY | Basic Home Loan (Principal and Interest) (LVR 70%-80%) | ||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 1yr
| ||||||||||||
Smart Booster Home Loan Discounted Variable - 1yr
| |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 60%-70%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Options Home Loan (Principal and Interest) 1 Year | |||||||||||||
| Fixed | More details | ||||||||||||
Tailored Home Loan Fixed (Principal and Interest) 3 Years | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR > 80%) | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 1 Year | |||||||||||||
Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to made on variables as selected and input by the user. All products will list the LVR with the product and rate which are clearly published on the Product Provider’s web site. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. Rates correct as of October 27, 2021. View disclaimer.
Calculate your home loan repayments
A home loan is one of the biggest expenses you’re ever likely to have. That’s why you should calculate your potential home loan repayments before taking out a mortgage , to work outwhat kind of home loan you can afford
Using Savings.com.au’s Mortgage Calculator, you can roughly calculate how much your home loan repayments could be on a monthly, fortnightly or weekly basis so you can compare it against your own budget.
To use our Mortgage Repayment Calculator, simply enter the interest rate, loan term, loan amount and whether the loan has principal and interest or interest-only repayments.
Savings.com.au’s mortgage repayment calculations are estimates only; consider speaking to a professional to get dedicated home loan advice.
Tips on paying off your mortgage faster
- Repaying a home loan fortnightly (half your monthly repayment) or weekly (a quarter of your monthly repayment) results in an extra month’s worth of repayments on your mortgage each year, which helps you pay off the loan years earlier and save thousands in interest.
- Interest accrues daily, so repaying weekly will save you more interest than repaying fortnightly, but not by much.
- Synchronising your mortgage repayment frequency with how often you get paid is a great way to help you to budget.
- You can always make extra repayments, or save on interest by parking spare cash in an offset account.
Mortgage repayment frequency restrictions
So long as the total amount repaid over the month isn’t less than the minimum monthly requirement, most lenders are generally willing to let borrowers make fortnightly or weekly principal and interest (P&I) repayments. However, for interest-only (IO) loans, lenders don’t normally allow weekly or fortnightly repayments – usually only monthly repayments are required. Lenders can also be less flexible with fixed-rate loans.
Other Calculators
Home loan news
Disclaimers
The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered which includes retail products from at least the big four banks, the top 10 customer-owned institutions and Australia’s larger non-banks:
- The big four banks are: ANZ, CBA, NAB and Westpac
- The top 10 customer-owned Institutions are the ten largest mutual banks, credit unions and building societies in Australia, ranked by assets under management in November 2020. They are (in descending order): Great Southern Bank, Newcastle Permanent, Heritage Bank, Peoples’ Choice Credit Union, Teachers Mutual Bank, Greater Bank, IMB Bank, Beyond Bank, Bank Australia and P&N Bank.
- The larger non-bank lenders are those who (in 2020) has more than $9 billion in Australian funded loans and advances. These groups are: Resimac, Pepper, Liberty and Firstmac.
- If you click on a product link and you are referred to a Product or Service Provider’s web page, it is highly likely that a commercial relationship exists between that Product or Service Provider and Savings.com.au
Some providers' products may not be available in all states. To be considered, the product and rate must be clearly published on the product provider's web site.
In the interests of full disclosure, Savings.com.au, Performance Drive and Loans.com.au are part of the Firstmac Group. To read about how Savings.com.au manages potential conflicts of interest, along with how we get paid, please click through onto the web site links.
*The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
© 2021 Savings.com.au | AFSL and Australian Credit License Number 515843
Savings.com.au Pty Ltd ACN 161 358 363 operates as an Australian Financial Services Licensee and an Australian Credit Licensee Number 515843. Savings.com.au is a general information provider and in giving you general product information, Savings.com.au is not making any suggestion or recommendation about any particular product and all market products may not be considered. If you decide to apply for a credit product listed on Savings.com.au, you will deal directly with a credit provider, and not with Savings.com.au. Rates and product information should be confirmed with the relevant credit provider. For more information, read Savings.com.au's Financial Services and Credit Guide (FSCG) The information provided constitutes information which is general in nature and has not taken into account any of your personal objectives, financial situation, or needs. Savings.com.au may receive a fee for products displayed.