Home Loans

Compare home loans from the big four banks

If you’re looking for a good value home loan, you may be considering what’s on offer from the big four - ANZ, Commbank, NAB and Westpac.

Have a look at some of the tables below which display a range of home loans available from each of the big four: 

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
UNLIMITED REDRAWSSPECIAL OFFER
  • 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%
UNLIMITED REDRAWSSPECIAL OFFER

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

  • 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%
Variable
More details
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
More details
NSW/VIC/SA METRO & INNER REGIONAL AREAS
NSW/VIC/SA METRO & INNER REGIONAL AREAS

Variable Home Loan (Principal and Interest)

  • $5000 Cashback. T&Cs Apply.
Variable
More details
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
More details
NO ONGOING FEESFREE REDRAW FACILITY
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
NO ONGOING FEESFREE REDRAW FACILITY

Live-in Variable Loan (Principal and Interest) (LVR < 90%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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 June 25, 2022. View disclaimer.


Big 4 Variable Home Loan Rates

Lender

Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Flexi First Option Home Loan (New Customer) (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Extra Home Loan (Principal and Interest) (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Simplicity PLUS Home Loan (Principal and Interest) (LVR < 80%) (New Customer)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Base Variable Investment Loan Special Offer (Principal and Interest) (LVR < 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Premier Advantage Rocket Home Loan (Principal and Interest) ($150k+) (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Base Variable Investment Loan Special Offer (Interest Only)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Standard Variable Home Loan (Interest Only) (LVR < 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Base Variable Investment Loan (Principal and Interest)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Standard Variable Home Loan (Principal and Interest)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Rocket Repay Home Loan (Principal and Interest)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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 June 25, 2022. View disclaimer.


ANZ home loans

The table below displays a snapshot of ANZ’s variable home loans for both investors and owner-occupiers. See our page on ANZ home loans for a look at some of its fixed-rate products too. 

Lender

Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Simplicity PLUS Home Loan (Principal and Interest) (LVR < 80%) (New Customer)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Simplicity PLUS Home Loan (Principal and Interest) (LVR 80%-90%) (New Customer)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Simplicity PLUS Investment Loan (Principal and Interest) (New Customer) (LVR 80%-90%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Rate Investment Loan (Interest Only) 1 Year (LVR < 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Standard Variable Home Loan (Interest Only) (LVR < 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Standard Variable Investment Loan (Principal and Interest) (LVR < 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Standard Variable Home Loan (Interest Only) (LVR > 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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 June 25, 2022. View disclaimer.

Commonwealth Bank home loans

The table below displays a snapshot of CBA’s variable home loans for both investors and owner-occupiers. See our page on CBA home loans for a look at some of its fixed-rate products too. 

Lender

Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Extra Home Loan (Principal and Interest) (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Wealth Package Fixed Rate Home Loan (Principal and Interest) 1 Year

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Rate Home Loan (Principal and Interest) 1 Year

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Rate Home Loan (Principal and Interest) 2 Years

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Rate Home Loan (Principal and Interest) 3 Years

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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 June 25, 2022. View disclaimer.

NAB home loans

The table below displays a snapshot of NAB’s variable home loans for both investors and owner-occupiers. See our page on NAB home loans for a look at some of its fixed-rate products too. 

Lender

Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Base Variable Investment Loan Special Offer (Principal and Interest) (LVR < 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Base Variable Investment Loan (Principal and Interest)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Base Variable Investment Loan Special Offer (Principal and Interest) (LVR > 80%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Variable
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Tailored Home Loan (Principal and Interest)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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 June 25, 2022. View disclaimer.

Westpac home loans

The table below displays a snapshot of Westpac’s variable home loans for both investors and owner-occupiers. See our page on Westpac home loans for a look at some of its fixed-rate products too. 

Lender

Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Premier Package Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Options Home Loan (Principal and Interest) 2 Years (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Options Home Loan (Principal and Interest) 1 Year (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Options Home Loan (Principal and Interest) 2 Years

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Options Home Loan (Principal and Interest) 1 Year

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.
Fixed
More details
  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

Fixed Rate Investment Loan (Principal and Interest) 2 Years (LVR < 70%)

  • Rate Match Guarantee. Tic:Toc will match the rate on identical variable P&I home loans. T&C's Apply.

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 June 25, 2022. View disclaimer.

On this page

Australia’s big four banks take up an enormous share of the nation’s financial ecosystem, including Australia’s lucrative home loan market. 

Although they might seem to get in the headlines every now and then for the wrong reasons (see: the entire royal commission into banking), that doesn’t mean the big four don't still have some good value products available, and this applies to home loans too.  

Who are the big four banks in Australia? 

The big four banks in Australia are (in alphabetical order) ANZ, Commonwealth Bank, National Australia Bank (NAB) and Westpac. These banks make up around 80% of the total mortgage market, while the latest APRA (Australian Prudential Regulation Authority) data shows they have more than $1.4 trillion in owner-occupied and investment home loans combined. 

As the dominant forces in the market, the big four banks typically attract a higher degree of scrutiny from politicians, the media and the general public compared to other lenders. For example, the banks recently attracted the ire of the Treasurer for not passing on the full Reserve Bank cash rate cuts to customers, despite many other lenders failing to do so

ANZ

Home loans under management (2021): $262.75 billion

ANZ – Australia and New Zealand Banking Group – is one of the oldest banks in Australia, having formed as the Bank of Australasia in 1835 in Sydney. In terms of home loans it’s the smallest of the big four, with only $263 billion on its loan book. 

ANZ has a large global presence too, operating in 34 countries and employing more than 40,000 people. 

Commonwealth Bank 

Home loans under management (2021): $467.9 billion 

The biggest of the big four in terms of its home loan book with just under $468 billion (making it the biggest home lender in Australia), the Commonwealth Bank of Australia was established by the government in 1911 and opened its first branch in Melbourne in 1912. The bank also operated as the nation’s central bank from 1920 up till the Reserve Bank of Australia was created in 1960.

Amid the deregulation of Australia’s banking industry in the 1980s, the Commonwealth Bank was slowly converted from a government-owned entity to a public company, eventually becoming fully privatised in 1996. Today it has more than 1,100 branches across the country, as well as international branches in Asia, New Zealand, North America, and Europe.

Commonwealth Bank is often referred to as CommBank or CBA for short. Bankwest and Aussie are both subsidiaries of CommBank. 

NAB 

Home loans under management (2021): $261.2

National Australia Bank, or simply NAB, is the third biggest home loan lender in Australia with more than $261 billion on its loan book as of January 2021, meaning ANZ has, for now, overtaken it in terms of size. NAB has been around for almost 160 years, and today it serves more than 12 million customers globally. It also has more than 1,000 branches nationwide and business banking centres overseas.

NAB owns popular digital bank UBank

Westpac 

Home loans under management (2021): $406.6 billion

Coming in a fair way behind Commonwealth Bank as the second largest home lender at $406 billion, Westpac is Australia’s first and oldest financial institution and has served more than 14 million customers. Established in 1817, Westpac today owns a number of other Australian banks such as RAMS, St. George, BankSA, and Bank of Melbourne.

What home loans do the big four offer? 

The big four banks dominate the home loan market, and each one of them has plenty of different home loans to choose from. Look at any of the big four’s home loan range and you’ll see: 

  1. Owner-occupier home loans
  2. Refinance home loans
  3. Guarantor home loans
  4. Investment home loans 
  5. Low-doc home loans
  6. Construction loans
  7. Bridging loans
  8. Line of credit home loans

And more. They have a huge number of products that can be used by most types of borrowers – see our article on each of the different types of home loans here

Big four banks’ interest rates: how do they compare to other lenders? 

Australia’s big four banks are not generally known to offer the lowest interest rates on the market for home loans. You may be able to find lower-rate home loans from other types of lenders, such as: 

  • Customer-owned banks: Also known as mutual banks, customer-owned banks are owned and operated with the sole purpose of providing banking services to customers rather than generating a profit. They argue this lets them offer better rates and fees to their customers, which is sometimes but not always true. 
  • Other retail banks: Some of the biggest retail banks outside the big four have billions of dollars’ worth in loans under management, with some of the biggest being the likes of ING, Macquarie Bank, Bendigo and Adelaide Bank, HSBC, AMP and more. 
  • Non-bank lenders: Non-bank lenders are financial institutions that don’t hold an ADI license, meaning they can’t offer deposit products such as savings accounts, transaction accounts, term deposits or offset accounts. They can still offer some competitively priced home loans, however. 
  • Neobanks: There’s been a spate of new fintech ‘digital’ or ‘neo’ banks popping up lately, but only 86 400 offers its own home loan products.

When comparing rates and fees across each of these different types of lenders, you’ll find a selection of products from each at both the top and the bottom of the range. While you may find a few loans offered by the big four near the bottom of the range, you may also find some others that offer good value. 

So when comparing home loans, compare home loans based on their interest rates (including the comparison rate*), fees and features from the big four banks, non-bank lenders and customer-owned banks. 

Big four home loans – pros and cons 

There are a lot of similarities between the big banks and smaller banks and lenders. They all have to adhere to consumer credit protection laws and responsible lending obligations, so they’re generally all considered safe to borrow from.  

That being said, there are some advantages as well as disadvantages the big four’s home loans have compared to those offered by other lenders. Here’s a summary of these pros and cons below. 

Pros

  • The big four are massive and tend to offer a huge range of home loan products for different borrowing needs 
  • The big four generally can be more lenient with their lending requirements and have borrowing options for people who might struggle to get a standard loan elsewhere (see: low doc home loans) 
  • Offer plenty of package products, which offer discounts for people who bundle products into one package with the same bank 
  • Convenience: the big four have massive networks of ATMs and branches at a time when smaller banks are going online. If you prefer in-person banking, the big banks will probably be a good option 
  • The big four have more resources, which means they can provide good service and innovative online banking (Commbank has the #1 banking app in Australia, for example). 
  • The big four offer a wide range of features such as offset accounts and redraw facilities 

Cons

  • The big four generally tend to have higher rates on basic home loan products (not always). If you’re after the lowest rates on the market you might have to look elsewhere 
  • Fees on big four home loans (and other banking products) can be higher on average 
  • You might not be able to get personalised service at the same level as the smaller banks. Many of these banks base their entire business model around being fast and efficient online 

Savings.com.au’s two cents 

Don’t immediately buy into the big bank bashing hype. While it’s true the big four don’t always offer the best value home loans, you could generally say this about any bank. Ultimately, you should judge a home loan on its interest rate, fees and features, not so much on the type of lender that’s offering it.


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