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%)
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Smart Booster Home Loan Discounted Variable - 2yr (LVR < 80%)
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| Variable | More details | ||||||||||||
| FEATURED100% FULL OFFSET ACCOUNTNO APPLICATION FEE OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 60%)
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| Fixed | More details | ||||||||||||
| FEATUREDUSE A MARKET LEADING APP TO HELP YOU PAY OFF YOUR LOAN SOONER | Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)
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Fixed Home Loan 1 year (Principal and Interest) (LVR < 80%)
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| Variable | More details | ||||||||||||
| FEATUREDREFINANCE IN MINUTES, NOT WEEKS | Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
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Nano Home Loans Variable Owner Occupied, Principal and Interest (Refinance Only)
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| Variable | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Variable Loan (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
| FREE REDRAW FACILITY | Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
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| Variable | More details | ||||||||||||
| NO ONGOING FEES | Budget Home Loan (Principal and Interest) (LVR < 80%) | ||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Variable | More details | ||||||||||||
Basic Variable Owner Occupier Principal & Interest (LVR ≤ 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDZERO APPLICATION FEES | Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
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Owner Occupier Accelerates - Celebrate (LVR < 60%) (Principal and Interest)
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| Variable | More details | ||||||||||||
| NO ONGOING FEES100% FULL OFFSET ACCOUNTFREE REDRAW FACILITY | Ocean Owner Occupied (LVR < 60%) | ||||||||||||
| Fixed | More details | ||||||||||||
| No ongoing feesFree redraw facility | Live-in Fixed Loan (Principal and Interest) 1 Year | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Home Loan 1 year (Principal and Interest) (LVR 80%-85%) | |||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 70%-80%) | ||||||||||||
| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Low Rate Home Loan - Prime (Principal and Interest) (Owner Occupied) (LVR < 80%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Home Loan 2 year (Principal and Interest) (LVR < 80%)
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| Variable | More details | ||||||||||||
| UNLIMITED EXTRA REPAYMENTS | Basic Home Loan (Principal and Interest) (LVR < 60%) | ||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan 3 Years (LVR 80%-95%) | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 1 Year (LVR < 80%) | |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDLIMITED TIME OFFER | Smart Booster Home Loan Discounted Variable - 1yr
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Smart Booster Home Loan Discounted Variable - 1yr
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| Fixed | More details | ||||||||||||
Tailored Home Loan Fixed (Principal and Interest) 2 Years | |||||||||||||
| Fixed | More details | ||||||||||||
Premier Package Fixed Options Home Loan (Principal and Interest) 1 Year | |||||||||||||
| Variable | More details | ||||||||||||
Extra Home Loan (Principal and Interest) (LVR < 70%) | |||||||||||||
| Variable | More details | ||||||||||||
| AN EASY ONLINE APPLICATION | Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
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| Variable | More details | ||||||||||||
| AN EASY DIGITAL APPLICATION | Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
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Neat Variable Home Loan (Principal and Interest) (LVR < 60%)
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| Variable | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
| 100% FULL OFFSET ACCOUNT | Offset Package Home Loan (Principal and Interest) (LVR 60%-70%) | ||||||||||||
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. *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 January 17, 2022. View disclaimer.
How long does it take to save for a home deposit?
To take out a home loan, you generally need to build up at least 5% of the property’s value as a deposit (and 20% if you want to avoid Lenders Mortgage Insurance). This is a lot of money, and based on the $647,414 median house price across all capital cities (CoreLogic, April 2020), 5%-20% of that is $32,370-$130,000.
Data from Bankwest shows it can take ages to save up for deposits of 20% or more. In Sydney, for example, it can take 8.2 years to save up for the average house deposit and six years for a unit.
Of course, you don’t have to save up 20%, and you can buy a property that’s cheaper than the average price, but the fact remains that’s is usually pretty difficult to save for a deposit at the moment.
That’s why you should use our saving for a house deposit calculator.
Saving for a house deposit calculator
Our saving for a house deposit calculator can help you work out how long you need to save for a home deposit or how much you need to save regularly to achieve your goals within a certain timeframe.
Say you want to buy a house of a certain value in three years. Our savings calculator will show you how much you’d need to deposit into a savings account weekly/fortnightly/monthly in order to save up a 20% deposit for that house in three years. Alternatively, you can use our calculator to work out how long it’d take to save up that deposit if you’re saving a set amount each month/fortnight/week.
Having an idea of how close to or far away from your goal you are can give you a better idea of whether your property goal is realistic or not.
Other Calculators
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Disclaimers
The entire market was not considered in selecting the above products. Rather, a cut-down portion of the market has been considered. 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. Savings.com.au, yourmortgage.com.au, yourinvestmentpropertymag.com.au, and Performance Drive are part of the Savings Media group. In the interests of full disclosure, the Savings Media Group are associated with the Firstmac Group. To read about how Savings Media Group manages potential conflicts of interest, along with how we get paid, please visit the web site links at the bottom of this page.
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