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.
Should I refinance my mortgage?
Refinancing a mortgage can be an effective way of moving from one home loan to a more suitable one for your needs. For example:
- You might be paying too much in interest
- You might be paying too much in fees
- You might want a loan with better features
- You might want to change home loan types, like from owner-occupier to investor, or from principal and interest to interest-only
Refinancing isn’t always an easy thing to do and it’s a big decision to make. Refinancing to the wrong home loan could cost you in the long run, while refinancing to a better one could leave you thousands of dollars better off.
That’s where our mortgage refinance calculator can help.
Refinance home loan calculator
For help deciding if refinancing your mortgage is worthwhile, Savings.com.au’s home loan refinance calculator could be a good place to start.
To find out how much you could potentially save, enter the following info:
- Current interest rate
- Current loan balance
- Remaining term (how many years you have left on the loan)
- Current repayment frequency (weekly, fortnightly or monthly)
- Any fees you have (ongoing, termination fees) or will have to pay on the new loan
Then, enter your new loan’s interest rate, as well as any potential introductory rate, and compare the results between the different loans so you can get an idea of whether it’s worth refinancing 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 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.
