While Westpac revised its cash rate forecast to expect a cut in November, many lenders have cut their home loan rates by between 6 and 35 basis points in the past few days.

Notably, Pacific Mortgage Group also introduced a 1.99% p.a. variable home loan rate (1.99% p.a. comparison rate*).

It's for owner-occupiers paying principal & interest with a maximum LVR of 60% - directed at those with either a large deposit or those refinancing. 

This makes Pacific Mortgage Group the 12th lender in Savings.com.au's research to cut below the 2.00% advertised rate threshold. 

More rate changes are below.

Buying a home or looking to refinance? The table below features home loans with some of the lowest variable interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • 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.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
More home loans
Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
Compare More Home Loans

Adelaide Bank

Adelaide Bank cut a wide range of home loans, mainly for investors, but with a few 'SmartSaver' owner-occupier loans sprinkled in. Some key cuts are below:

  • Investment SmartFix P&I 4 Years: 20 basis point cut to 2.94% p.a. (3.23% p.a. comparison rate*)
  • OO SmartFix P&I 4 Years: 20 basis point cut to 2.64% p.a. (2.94% p.a. comparison rate*)

A range of other fixed term home loans paying both P&I and interest-only (IO) were also cut.

BankVic

Yesterday, BankVic made a wide array of home loan cuts by between 11 and 35 basis points. Some key cuts were:

  • Premium Home Fixed 3 Years: 35 basis point cut to 2.15% p.a. (3.66% p.a. comparison rate*)
  • Fixed 3 Years: 35 basis point cut to 2.25% p.a. (3.53% p.a. comparison rate*)

These rates are for owner-occupiers, with the 'Premium' line being a packaged home loan.

Athena

A few days ago, non-bank lender Athena made some cuts by between 5 and 15 basis points. Some of the rate changes were:

  • Liberate Investor P&I 70-80% LVR: 15 basis point cut to 2.79% p.a. (2.74% p.a. comparison rate*)
  • Liberate Owner-Occupier P&I 70-80% LVR: 10 basis point cut to 2.44% p.a. (2.38% p.a. comparison rate*)

These home loans are on Athena's tiered rate system, which automatically puts borrowers onto lower rates as they pay down their home loan. 

Hunter United

Hunter United cut one home loan today, its two-year fixed home loan for owner-occupiers paying P&I.

It received a 20 basis point cut down to 2.19% p.a. (2.71% p.a. comparison rate*)

IMB

IMB also made a 20 basis point cut on its residential fixed loan for two years paying P&I.

It is now down to 2.19% p.a. (3.10% p.a. comparison rate*)