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 | ||||||||||||
| FEATUREDAN EASY ONLINE APPLICATION | Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
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Yard Home Loan (Principal and Interest) (Special) (LVR < 70%)
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| Variable | More details | ||||||||||||
| FEATUREDWIN YOUR HOME LOAN INTEREST FREE | 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 | ||||||||||||
| FEATUREDYOU COULD WIN $100k TO PAY DOWN YOUR LOAN* | 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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| Fixed | More details | ||||||||||||
| ONLY A 5% DEPOSIT REQUIRED | Fixed Rate Home Loan (Principal and Interest) 3 Years | ||||||||||||
| Fixed | More details | ||||||||||||
| NO ONGOING FEES | Basic Home Loan Fixed (Principal and Interest) (LVR 70%-80%) 3 Years | ||||||||||||
| Fixed | More details | ||||||||||||
Home Advantage Fixed Home Loan 1 Year | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) (NSW and ACT only) 1 Year (LVR < 95%) | |||||||||||||
| Variable | More details | ||||||||||||
Pepper Essential Home Loan (Prime) (Principal and Interest) (LVR < 55%) | |||||||||||||
| 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 | ||||||||||||
Basic Home Loan Fixed 1 Year (LVR 70%-80%) | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan 2 Years (LVR 80%-95%) | |||||||||||||
| Fixed | More details | ||||||||||||
| NO UPFRONT OR ONGOING FEES | Basic Home Loan Fixed (Principal and Interest) (LVR < 70%) 3 Years | ||||||||||||
| Variable | More details | ||||||||||||
| YOU COULD WIN $100k TO PAY DOWN YOUR LOAN* | Owner Occupier Accelerates - Evaporate (LVR 60%-70%) (Principal and Interest) | ||||||||||||
| Variable | More details | ||||||||||||
Great Rate Variable Home Loan (New Customers) (NSW, ACT & QLD only) | |||||||||||||
| Variable | More details | ||||||||||||
| NO ONGOING FEES | Basic Flyer Home Loan (Principal and Interest) (LVR 60%-70%) | ||||||||||||
| Fixed | More details | ||||||||||||
Your Way Plus Fixed Home Loan 3 year (Principal and Interest) (LVR 60%-80%) | |||||||||||||
| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 1 Year | |||||||||||||
| Variable | More details | ||||||||||||
| FEATUREDFREE REDRAW FACILITY | Basic Home Loan (Principal and Interest) (LVR 70%-80%) | ||||||||||||
| Variable | More details | ||||||||||||
| FEATURED | Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
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Yard Home Loan (Principal and Interest) (Special) (LVR < 80%)
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| Fixed | More details | ||||||||||||
Fixed Rate Home Loan (Principal and Interest) 3 Years (LVR > 80%) | |||||||||||||
| Fixed | More details | ||||||||||||
Tailored Home Loan Fixed (Principal and Interest) 4 Years | |||||||||||||
| Fixed | More details | ||||||||||||
| ONLY A 5% DEPOSIT REQUIRED | Fixed Rate Home Loan (Principal and Interest) 2 Years | ||||||||||||
- Fast turnaround times, can meet 30-day settlement
- For purchase and refinance, min 20% deposit
- No ongoing or monthly fees, add offset for 0.10%
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 September 25, 2021. View disclaimer.
Refinancing can be valuable for homeowners and investors, particularly if they’re paying too much for their home loan. But refinancing isn’t always free, and will often come with costs.
How much does it cost to refinance?
Fees differ from loan to loan, but here are the most common fees you might be expected to pay when refinancing:
- Application fee: Usually up to $1,000
- Valuation fee: Up to $600
- Discharge fee: Anywhere from $200 up to $1,000
- Break fee: If you’re on a fixed-rate loan, break fees can cost thousands of dollars (cost depends on how long left on the fixed term and the size of the loan - you’ll need to ask your lender)
- Settlement fee: Anywhere from $100 to $600
- Registration fee: $100-$180 (Varies by State and Territory)
- Exit fees (for loans taken out before July 2011): $0-$7,000
Refinancing costs calculator
If you want to work out if refinancing your mortgage is worth it, our home loan refinance calculator is a good place to start.
By entering the following information for your existing loan and new loan, you can get a rough idea of how much you’ll need to pay to get your new loan:
- Current property value
- Current loan balance
- Your state of residence
- Any fees your lender charges for leaving (discharge fees, settlement fees etc.)
- Any fees the new lender might charge when you join (valuation fees, legal fees, application fees etc.)
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.
