Looking for a home loan?

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

Variable
More details
  • Min 30% deposit
  • No monthly or ongoing fees, add 0.10% for offset
  • Unlimited redraws

Variable Home Loan (LVR < 70%)

  • Min 30% deposit
  • No monthly or ongoing fees, add 0.10% for offset
  • Unlimited redraws
Variable
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REFINANCE ONLY
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
REFINANCE ONLY

Variable Rate Home Loan – Refinance Only

  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Variable
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100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES
  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)

  • No upfront or ongoing fees
  • 100% full offset account
  • Extra repayments + redraw services
Variable
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AN EASY DIGITAL APPLICATION
  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
AN EASY DIGITAL APPLICATION

Neat Variable Home Loan (Principal and Interest) (LVR < 60%)

  • No ongoing fees - None!
  • Unlimited additional repayments
  • Easy online application, find out if you're approved quick!
  • Redraw- Access your additional payments if you need them
  • Use the app to get loan insights to help you pay off your home loan faster
Variable
More details
QLD/NSW/VIC/SA METRO & INNER REGIONAL AREAS
QLD/NSW/VIC/SA METRO & INNER REGIONAL AREAS

Variable Home Loan (Principal and Interest)

  • $5000 Cashback. T&Cs Apply.
Variable
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100% FULL OFFSET ACCOUNT
100% FULL OFFSET ACCOUNT

Offset Package Home Loan (Principal and Interest) (LVR < 60%)

  • $5000 Cashback. T&Cs Apply.
Variable
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100% FULL OFFSET ACCOUNT
100% FULL OFFSET ACCOUNT

Ocean Owner Occupied (Amounts < $1m, LVR < 60%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
NO UPFRONT OR ONGOING FEES
NO UPFRONT OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
NO ONGOING FEES
NO ONGOING FEES

Yard PAYG Home Loan (Principal and Interest) LVR ≤ 80%

  • $5000 Cashback. T&Cs Apply.
Variable
More details
UNLIMITED EXTRA REPAYMENTS
UNLIMITED EXTRA REPAYMENTS

Basic Home Loan (Principal and Interest) (LVR < 60%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
EASY DIGITAL APPLICATION
EASY DIGITAL APPLICATION

Neat Variable Home Loan (Principal and Interest) (LVR 70%-80%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
GREAT FLEXIBLE LOAN OPTIONS
GREAT FLEXIBLE LOAN OPTIONS

Basic Home Loan (Principal and Interest) (LVR 70%-80%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
UNLIMITED REDRAWS
UNLIMITED REDRAWS

Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
ZERO APPLICATION FEESFEE FREE OFFSET
ZERO APPLICATION FEESFEE FREE OFFSET

Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
NO UPFRONT OR ONGOING FEES
NO UPFRONT OR ONGOING FEES

Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 95%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details

Smart Home Loan (Principal and Interest) (LVR < 80%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details

Standard Variable Home Loan (Principal and Interest) (LVR > 80%)

  • $5000 Cashback. T&Cs Apply.
Variable
More details

Tailored Home Loan (Principal and Interest)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
  • Low rate home loan with added benefits, add offset for 0.10%
  • Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old
  • Get a 7.0 star NatHERS rating or higher for up to 1.59% discount on your variable rate home loan T&Cs apply

Green Home Loan (Principal and Interest)

  • Low rate home loan with added benefits, add offset for 0.10%
  • Save thousands & make an environmentally conscious choice on your loan for homes less than 12 months old
  • Get a 7.0 star NatHERS rating or higher for up to 1.59% discount on your variable rate home loan T&Cs apply
Fixed
More details
USE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER
  • Make up to $20,000 additional repayments per fixed term
  • Redraw available – lets you access any extra loan repayments you’ve made
  • Choose to rate lock for 90 days (fee applies)
USE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER

Own Home Loan Fixed (Principal and Interest) 1 Year (LVR < 80%)

  • Make up to $20,000 additional repayments per fixed term
  • Redraw available – lets you access any extra loan repayments you’ve made
  • Choose to rate lock for 90 days (fee applies)

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 be 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. *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. Rates correct as of August 15, 2022. View disclaimer.

 

What is a honeymoon interest rate?

A honeymoon interest rate, also simply known as an introductory interest rate, is a temporarily lower interest rate offered at the beginning of a home loan term for a set period of time. At the end of this introductory period, the interest rate switches to an ongoing revert rate , which is usually much higher and in line with the lender’s other mortgage products.

Honeymoon interest rates can be useful in the short-term, as they can offer some serious introductory savings, but they can hurt you in the long-term as the revert rate might be higher than the interest rates on other products. Plus, lenders sometimes charge higher switching fees for such loans to discourage people from changing once the honeymoon period is over.

To work out the repayments and total cost of a home loan with a honeymoon (introductory) interest rate, use our introductory interest rate calculator.

Introductory interest rate calculator

Savings.com.au’s introductory interest rate calculator can be used to let you work out the difference in repayments between the introductory period and after the introductory period ends.

All you need to do is enter:

  • The loan size and repayment frequency
  • The loan term
  • The honeymoon interest rate
  • The revert rate
  • The honeymoon period (usually between six months and two years)

This should give you an idea of whether you’ll be able to afford the mortgage’s repayments once the revert rate kicks in.

 

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