Compare home loans
Save on your home loan with our nifty comparison tools. Pick a winner from our most popular home loans in the table below, or search the whole market to compare all home loans with ease.
Popular home loans
| Intro rate | Variable rate | Comparison rate* | Key features | ||
|---|---|---|---|---|---|
State Custodians
Standard Variable |
5.89% | 5.89% | 6.15% | Loyalty bonus rate drop of 0.2% after 60 months. 95% LVR for new purchases. | Go to site |
Homestar
Advantage Loan |
6.13% | 6.14% | No fee loan from the non-bank lender of the year. | Go to site | |
MyRate.com.au
Advantage Loan |
6.13% | 6.14% | No fee home loans. Securely funded by ING Bank (Australia) Ltd. | Go to site | |
Newcastle Permanent
Premium Variable (Premium Plus Package ) |
5.99% | 6.26% | Awarded Home Lender of the Year at the AFR Smart Investor Blue Ribbon Awards 2009 | Go to site | |
RAMS
Rate Relief |
5.83% | 6.53% | 6.46% | Get an immediate discount off the standard variable rate for the first 2 years | Go to site |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. |
|||||
| Variable rate | Comparison rate* | Key features | ||
|---|---|---|---|---|
|
Homestar
Advantage Loan |
6.13% | 6.14% | No fee loan from the non-bank lender of the year. | Go to site |
|
State Custodians
Standard Variable |
5.89% | 6.15% | Loyalty bonus rate drop of 0.2% after 60 months. 95% LVR for new purchases. | Go to site |
|
RAMS
Basic Loan |
6.26% | 6.32% | RAMS Basic allows you up to 10 years interest only repayments. | Go to site |
|
MyRate.com.au
Advantage Loan |
6.13% | 6.14% | No fee home loans. Securely funded by ING Bank (Australia) Ltd. | Go to site |
Mortgage Choice
(product from their lender panel) |
6.55% | 6.87% | Allows you to borrow up to 95% of the properties value without the need to demonstrate your 5% deposit as genuine savings | Go to site |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. |
||||
| Fixed 3 year rate | Fixed 5 year rate | Comparison rate* | Key features | ||
|---|---|---|---|---|---|
|
RAMS
Fixed Rate |
7.29% | 7.74% | 6.86% | Fix your loan for up to 10 years | Go to site |
|
MyRate.com.au
Fixed Loan |
7.63% | 7.98% | 6.57% | No fee home loans. Securely funded by ING Bank (Australia) Ltd. | Go to site |
Aussie
Standard Fixed |
7.39% | 7.74% | 6.77% | 100s of loans. 16 lenders. Free appointment. | Go to site |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. |
|||||
| Intro rate | Intro rate term | Comparison rate* | Key features | ||
|---|---|---|---|---|---|
|
RAMS
Rate Relief |
5.83% | 24 Months | 6.46% | Get an immediate discount off the standard variable rate for the first 2 years | Go to site |
St George
Discount Variable Rate |
6.23% | 12 Months | 7.03% | Get a discount off the Standard Variable Rate for 12 months | Go to site |
|
St George
1 year Introductory Fixed Rate |
6.49% | 12 Months | 7.06% | Introductory fixed rate for 1 year | Go to site |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. |
|||||
| Variable rate | Comparison rate* | Key features | ||
|---|---|---|---|---|
|
State Custodians
Breathe Easy |
6.12% | 6.06% | Mortgage funds are supported by the Aust. Government's $8bn RMBS package | Go to site |
|
Homestar
Advantage Loan |
6.13% | 6.14% | No fee loan from the non-bank lender of the year. | Go to site |
|
MyRate.com.au
Advantage Loan |
6.13% | 6.14% | No fee home loans. Securely funded by ING Bank (Australia) Ltd. | Go to site |
|
RAMS
Basic Loan |
6.26% | 6.32% | RAMS Basic allows you up to 10 years interest only repayments. | Go to site |
*The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for $150,000 over 25 years, and applies only to this example. Fixed rate loans assume a 3 year fixed term. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. |
||||
Compare all home loans
- Search the home loan market at a glance
- Shortlist your finalists to compare head-to-head
- Apply for the product that best fits your needs
Lowest rate home loans
- - based on comparison interest rate
-
1.6.06%State Custodians
-
2.6.14%Homestar
-
2.6.14%MyRate.com.au
-
4.6.15%State Custodians
-
5.6.25%Newcastle Permanent
-
1.5.69%New Loan– Time-out
-
2.5.87%Victoria Teachers Credit Union
-
3.5.88%Reduce Home Loans
-
4.5.90%New Loan
-
5.6.06%State Custodians
-
1.6.25%ANZ
-
2.6.28%NAB
-
3.6.35%Commonwealth Bank
-
4.6.36%Westpac
-
5.6.41%St George
Home Loan Broker
Mortgage Choice Brokers
- You can borrow 95% of the home value
- Genuine savings not required
- A competitive variable interest rate (6.55% p.a.)
Health Check your loan
Does your home loan need a reno? Give it a health check! Grab a free personalised report on the best loans for your situation.
Health CheckSpecial offers
Featured home loan review
BankWest home loans
Overall rating: 9 / 10
My BankWest home loan had the lowest interest rate coupled with very low fees at the time we were looking. They have easy redraw options too and with no charge for doing so.
–
David Dillon from Western Australia
- Search our home loan reviews
- Review your bank
Best home loan providers
- - as rated by the Mozo community
- Rating
out of 10 - 8.2
- 8.1
- 8.0
- 7.9
- 7.5
Most recent home loan reviews
Westpac home loans
-
Overall Rating
10 -
Pricing
5 -
Product Features
9 -
Customer Service
10 -
Convenience
10 -
Trust
10
Westpac assign a personal contact so whenever I need help with any aspect of my banking that person is just an email or phone call away. They even helped me with some problems I had with my mother's accounts! – Mardi from Australian Capital Territory, a Westpac home loan customer. Reviewed 2 days ago
ANZ home loans
-
Overall Rating
7 -
Pricing
7 -
Product Features
8 -
Customer Service
6 -
Convenience
8 -
Trust
7
It has many different options and you do get discounts on additional loans. – Antoinette from Queensland, an ANZ home loan customer. Reviewed 9 days ago
Westpac home loans
-
Overall Rating
1 -
Pricing
4 -
Product Features
4 -
Customer Service
8 -
Convenience
5 -
Trust
3
Taken in and conned with the offer of great service and honesty. Took less than 12 months to realize what a greedy high charging bank my wife and myself had signed up to. Will look for a far better deal. They can choke on their high bank charges and interest rates. – Chris from Queensland, a Westpac home loan customer. Reviewed 9 days ago
See all home loans reviews
Home loan articles
- – all the latest home loan info
Home loan approvals fall in January
Wednesday 10 March 2010Australian home loan approvals fell in January following a series of interest rate hikes.
Read more...More than one-third of home loans used for investment purposes
Tuesday 09 March 2010Property investors are making up a growing proportion of home loan applicants and recipients.
Read more...- Subscribe to the home loan RSS feed
Home loan calculators
Crunch numbers with our handy tools
- Repayments calculator
"How much will my repayments be?"
- Rate change calculator
"How will rate changes affect my repayments?"
- Comparison calculator
"Which home loan will cost me less?"
- Extra repayments calculator
"How much will I save with extra repayments?"
- Borrowing calculator
"How much can I afford to borrow?"
- Stamp duty calculator
"How much do I have to pay?"
Home loans information
With interest rates falling it’s a great time to get your first home loan or refinance your existing mortgage at a lower rate. Finding the right loan can be daunting, but Mozo is here to guide you through the home loan maze.
Our mortgage database allows you to compare home loans rates and fees with ease, and covers hundreds of loans including fixed rate loans, variable rate loans and more. You can also get the inside story on everything from customer service to hidden fees with home loan reviews by the Mozo community.
Home loan comparison
Our nifty comparison tools let you quickly filter and compare home loans according to the features you want, such as extra repayments, free redraw and offset accounts.
Once you have shortlisted the best home loans for your needs, you can compare your chosen loans side-by-side and enquire online at the lender’s website.
Finding the right home loan
Before you compare home loans, it helps to work out whether you need a loan with all the bells and whistles, or are simply after a low rate home loan with no frills.
Not all cheap home loans offer flexible features like the ability to make extra repayments and unlimited redraw. To avoid getting stuck with a loan that isn’t right for your needs, be sure to check features as well as rates and fees when you compare home loans.
Fixed rate or variable rate?
When interest rates are low, you might consider locking in all or part of your loan at a fixed interest rate. Fixed rate loans ensure that your monthly repayments remain the same for an agreed period, regardless of whether interest rates go up or down during that time.
There are some fixed rate traps to be aware of when you compare home loans. For instance most fixed rate loans do not let you make extra repayments, and many impose huge break costs should you decide to switch to a variable rate or another lender before the fixed term is up.
A split loan is a way to get the best of both worlds by fixing the rate on part of your mortgage, while keeping the rest at a variable rate and enjoying the flexibility that comes with it.
Follow Mozo on: