With at least one more cash rate cut expected in the coming months, it’s likely these won’t be the last cuts to fixed rates we’ll see.

Many economists are tipping the Reserve Bank to take the cash rate to a further record low of 0.5% at its first meeting of 2020 in February.

Non-majors Suncorp and Adelaide Bank, and customer-owned Qudos have all dropped their fixed home loan rates, with many below 3%.

Earlier this week, popular online lender loans.com.au slashed its fixed interest rates by 20 basis points across the board, bringing some of its fixed rates below 3% for the first time.

Below are some of the lowest variable home loan rates on offer across the big four banks, customer-owned banks and larger non-banks.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
$2,408
Principal & Interest
Variable
$0
$530
70%
Featured Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
5.99% p.a.
5.90% p.a.
$2,396
Principal & Interest
Variable
$0
$0
80%
Featured Refinance OnlyApply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
Important Information and Comparison Rate Warning

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. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. 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 . View disclaimer.

Suncorp fixed rate cuts

Suncorp has cut fixed rates by up to 40 basis points, effective from 8 November.

The cuts apply to fixed home loan products on both principal and interest (P&I) and interest-only (IO) repayments for new owner-occupier and investors.

Suncorp Home Package Plus with Special Offer for owner-occupiers making P&I repayments:

  • Two-year fixed rate for loans with an LVR of up to 90% has been cut by 10 basis points 2.89% p.a. (3.75% p.a. comparison rate*)
  • Three-year fixed rate for loans with an LVR of up to 90% has been cut by 10 basis points 2.89% p.a. (3.70% p.a. comparison rate*)
  • Five-year fixed rate for first home buyers with an LVR of up to 95% has been cut by 40 basis points 2.99% p.a. (3.27% p.a. comparison rate*)

Suncorp Home Package Plus with Special Offer for investors making P&I repayments:

  • Two-year fixed rate for loans with an LVR of up to 90% has been cut by 10 basis points to 3.19% p.a. (4.04% p.a. comparison rate*)
  • Three-year fixed rate for loans with an LVR of up to 90% has been cut by 10 basis points to 3.19% p.a. (3.99% p.a. comparison rate*)

Suncorp Home Package Plus with Special Offer for investors making IO repayments:

  • Two-year fixed rate for loans with an LVR of up to 90% has been cut by 20 basis points to 3.39% p.a. (4.06% p.a. comparison rate*)
  • Three-year fixed-rate loans with an LVR of up to 90% has been cut by 20 basis points to 3.39% p.a. (4.02% p.a. comparison rate*)
  • Two-year fixed rate for loans with an LVR of up to 90% has been cut by 10 basis points to 3.49% p.a. (5.05%

Adelaide Bank fixed rate cuts

Adelaide Bank has lowered its fixed rates by up to 10 basis points, effective from 6 November for new customers.

Adelaide Bank SmartFix:

  • Two-year fixed for owner-occupiers making P&I repayments has been cut by 10 basis points to 2.89% p.a. (3.26% p.a. comparison rate*)
  • Three-year fixed for owner-occupiers making P&I repayments has been cut by 8 basis points to 2.91% p.a. (3.25% p.a. comparison rate*)

Adelaide Bank SmartSaver:

  • Two-year fixed for owner-occupiers making P&I repayments has been cut by 10 basis points to 2.89% p.a. (3.07% p.a. comparison rate*)
  • Three-year fixed for owner-occupiers making P&I repayments has been cut by 8 basis points to 2.91% p.a. (3.06% p.a. comparison rate*)

Qudos Bank fixed rate cuts

Customer-owned Qudos has also reduced its fixed rates for new owner-occupiers making P&I repayments by 10 basis points, effective from 4 November.

Qudos fixed rate cuts for owner-occupiers with 80% LVR:

  • One-year fixed for loans with an LVR of 80% has been cut by 10 basis points to 2.89% p.a. (3.30% p.a. comparison rate*)
  • Two-year fixed for loans with an LVR of 80% has been cut by 10 basis points to 2.89% p.a. (3.26% p.a. comparison rate*)
  • Three-year fixed for loans with an LVR of 80% has been cut by 10 basis points to 2.89% p.a. (3.23% p.a. comparison rate*)
  • Four-year fixed for loans with an LVR of 80% has been cut by 10 basis points to 3.09% p.a. (3.26% p.a. comparison rate*)
  • Five-year fixed for loans with an LVR of 80% has been cut by 10 basis points to 3.09% p.a. (3.24% p.a. comparison rate*)

Qudos fixed rate cuts for owner-occupiers with 90% LVR:

  • One-year fixed for loans with an LVR of 90% has been cut by 10 basis points to 2.99% p.a. (3.31% p.a. comparison rate*)
  • Two-year fixed for loans with an LVR of 90% has been cut by 10 basis points to 2.99% p.a. (3.28% p.a. comparison rate*)
  • Three-year fixed for loans with an LVR of 90% has been cut by 10 basis points to 2.99% p.a. (3.25% p.a. comparison rate*)
  • Four-year fixed for loans with an LVR of 90% has been cut by 10 basis points to 3.19% p.a. (3.29% p.a. comparison rate*)
  • Five-year fixed for loans with an LVR of 90% has been cut by 10 basis points to 3.19% p.a. (3.28% comparison rate*)




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