Banks don’t always advertise the lowest rate that they can offer even on their low rate home loans.

We’ve published the best home loan interest rates from our panel of 30 Australian lenders so that you don’t have to waste your time shopping around.

Special offers

Variable rate home loans

Loan Category Interest Rate Comparison Rate* Contact Us
$250,000 or above 3.59% 3.96% Apply Now
$500,000 or above 3.59% 3.96% Apply Now
$1,000,000 or above 3.59% 3.96% Apply Now

Fixed rate home loans

Fixed Loan Term Interest Rate Comparison Rate* Contact Us
1 year fixed 3.59% 4.87% Apply Now
3 years fixed 3.79% 4.23% Apply Now
5 years fixed 3.99% 4.41% Apply Now
10 years fixed 7.49% 8.17% Apply Now
Interest in advance 3.59% 4.32% Apply Now

Flexible fixed interest rates

Flexible Fixed Interest Rate Comparison Rate* Contact Us
3 yrs flexible fixed 3.99% 4.40% Apply Now
5 yrs flexible fixed 4.49% 4.56% Apply Now

How to choose the right loan?

While interest rates are important, there is more to choosing a loan than just the rate.

Bank know that almost everyone compares interest rates, however few people compare the LMI premium or the terms & conditions of their home loan. You can use our LMI calculator to see just how large the difference between the banks can be.

Of course if you need some help then you can call us on 1300 889 743 or enquire online and one of our mortgage brokers will help you to find the cheapest loan available.

Specialist loans

Non-resident mortgages

Loan Category Interest Rate Comparison Rate* Contact Us
Best variable rate 3.88% 3.89% Apply Now
Best 3 yrs fixed rate 4.09% 4.79% Apply Now
Best 5 yrs fixed rate 4.39% 4.70% Apply Now

SMSF mortgages

SMSF Loan Type Interest Rate Comparison Rate* Contact Us
Variable SMSF loan 5.55% 5.79% Apply Now
3 yrs fixed SMSF 5.09% 5.95% Apply Now
5 yrs fixed SMSF 5.59% 5.84% Apply Now

Low doc home loans

Low Doc Loans Interest Rate Comparison Rate* Contact Us
60% low doc loan 4.14% 4.38% Apply Now
80% low doc loan 4.73% 5.12% Apply Now
90% low doc loan 7.69% 7.72% Apply Now
3 yrs fixed low doc 3.85% 4.68% Apply Now
5 yrs fixed low doc 4.14% 4.73% Apply Now

Reference rates

Reserve Bank of Australia (RBA)

Current RBA cash rate 1.50%
Last RBA rate change -0.25% on 3/5/2016

Standard variable interest rates

Loan Category Interest Rate Comparison Rate* Contact Us
Average std var rate 5.38% N/A Apply Now
CBA std var rate 5.22% 5.37% Apply Now
WBC std var rate 5.39% 5.43% Apply Now
ANZ std var rate 5.25% 5.35% Apply Now
NAB std var rate 5.25% 5.38% Apply Now

*WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Each comparison rate is calculated based on $150,000 over 25 years for a secured loan.

  • Margaret

    How are the flexible fixed rates different from the fixed rates?

  • Hi Margaret,

    Generally they mean the same, however different lenders have different products, so it may vary with the lenders. So, please can you provide us the name of a specific bank, so we could answer your question accurately.

  • Dexter

    What is a rate tracker home loan and how does it work?

  • A rate tracker home loan is where the interest rate offered is the RBA rate plus a margin that covers the bank’s cost of funds. Once the loan is set up, your mortgage will move by the same percentage as any change made to the official cash rate. So the variable rate itself doesn’t match the RBA but instead tracks the percentage change. Depending on your lender, your interest rate will change within two working of an RBA announcement.

    Please check out the rate tracker home loan page for more info:

  • Charles

    What is the lowest rate that I can get for a loan amount of $735,000 over 30 years?

  • According to the interest rate calculator on our website, if you’re going for a variable rate and paying P&I then the lowest rate available for your home loan is 3.69% with a 3.85% comparison rate, and your monthly repayment would be $3,379. You can test out different loan amounts and change other values yourself so here’s the link to the calculator: