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.
Product Features
Monthly repayments: $1,476
Advertised
Rate (p.a.)
Comparison
Rate (p.a.)
Product Features
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%. If products listed have an LVR <80%, they will be clearly identified in the product name along with the specific LVR. The product and rate must be clearly published on the Product Provider’s web site. Monthly repayments were calculated based on the selected products’ advertised rates, applied to a $400,000 loan with a 30-year loan term.
Home loans, for most people, will be the biggest expense they ever have. Homes cost hundreds of thousands of dollars, and a home loan can cost a couple of hundred thousand in interest costs on top of that, spread out over several decades.
That’s why picking a good home loan, one with a low rate, low fees and useful features, is a must if you want to not pay tens of thousands more than you need to.
Randomly picking a home loan is almost never a good idea. This page has a home loan comparison calculator, which will allow you to compare several different home loans so you can find the best one for you.
When comparing home loans, there are several key things you need to factor in:
You might also prefer a home loan with extra features, such as an offset account, a redraw facility, a split-rate option and more.
A good mortgage comparison calculator can help you make a choice.
If you’re looking to take out a home loan, then Savings.com.au’s home loan comparison calculator can help you find out which home loan might be the best one for you.
This mortgage comparison calculator lets you input the interest rate, fees and repayment frequencies for multiple different loans to show you how much more or less you could pay by choosing one loan over another.
Choosing a home loan is a big decision, and our loan comparison tool can help you make the right choice.
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:
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.
