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Home loans

Welcome to Mozo's home loans hub. We can help save you thousands on your current loan or help you find the perfect loan for your perfect first home. Mozo has everything you need to find the right loan quickly and easily.

Today's sponsored deal

HSBC

HSBC Home Value Loan

  • 4.48% p.a., 4.50% comparison rate
  • Limited time only, apply by 10th April 2015
  • No establishment fee
Check it out
    • Newcastle Permanent Discounted Variable Home Loan (LVR<80%) (Premium Plus Package)
      • Limited time offer of $1,000 cashback
      • 100% offset facility available
      • Additional repayments and redraws at any time
    • variable rate

      4.29%

    • comparison rate*

      4.64%

    • upfront fees

      $0

    • Go to site
    More info
    • Beyond Bank Special Rate Standard Variable Home Loan
      • No establishment fee
      • No monthly fee
      • Lump sum payments without penalty
    • variable rate

      4.34%

    • comparison rate*

      4.34%

    • upfront fees

      $0

    • Go to site
    More info
    • Bankwest Super Start Home Loan
      • Low 3 year intro rate of 4.34%p.a. (5.2%p.a comparison rate)
      • 1.30% p.a discount off our Standard variable rate for 3 years
      • $0 limited time application fee (usually $695)
    • variable rate

      4.34% variable for 36 months and then 5.52%

    • comparison rate*

      5.20%

    • upfront fees

      $0

    • Go to site
    More info
    • Queenslanders Credit Union Ultimate Home Loan Special
      • Free 100% offset account
      • Up to 90% of purchase price
      • Available for refinance or purchase
    • variable rate

      4.39%

    • comparison rate*

      4.53%

    • upfront fees

      $595

    • Go to site
    More info
    • HSBC Home Value Loan
      • Limited time only, apply by 10th April 2015
      • No establishment fee
      • Personal HSBC Relationship Manager
    • variable rate

      4.48%

    • comparison rate*

      4.50%

    • upfront fees

      $253

    • Go to site
    More info
    • Real Variable Rate Home Loan
      • Borrow up to $750k
      • Fast approval over the phone
      • Speak to a dedicated home loans specialist
    • variable rate

      4.54%

    • comparison rate*

      4.54%

    • upfront fees

      $363

    • Go to site
    More info
    • IMB Accelerator Home Loan
      • Ongoing life of loan discount off the IMB Standard Variable interest rate, with a special discount rate for the first 2 years.
      • 100% offset account
      • No monthly account keeping fees
    • variable rate

      4.59% variable for 24 months and then 4.91%

    • comparison rate*

      4.90%

    • upfront fees

      $769

    • Go to site
    More info
    • Newcastle Permanent Variable Home Loan (LVR<90%) (Premium Plus Package)
      • Limited time offer of $1,000 cashback
      • 100% offset facility available
      • Additional repayments and redraws at any time
    • variable rate

      4.62%

    • comparison rate*

      4.98%

    • upfront fees

      $0

    • Go to site
    More info
    • Bankwest Online Home Loan
      • Exclusive offer for online applications
      • Save $695 with $0 online application fee. Limited time only
      • No ongoing monthly loan maintenance fees
    • variable rate

      4.63%

    • comparison rate*

      4.64%

    • upfront fees

      $0

    • Go to site
    More info
    • IMB Budget Home Loan (LVR<90%)
      • Free extra repayments
      • Free redraw facility
      • Split account available
    • variable rate

      4.66%

    • comparison rate*

      4.83%

    • upfront fees

      $769

    • Go to site
    More info
    • Northern Inland Credit Union Dream Value Home Loan (LVR<80%) (Package)
      • Free 100% offset account
      • Free redraw
      • Refinance offer of $1000 plus free iPhone 6
    • variable rate

      4.74%

    • comparison rate*

      5.07%

    • upfront fees

      $0

    • Go to site
    More info
    • St.George Variable Home Loan (Advantage Package)
      • No home loan establishment fee (usually $600)
      • $0 annual fee on credit cards for the life of the Advantage package
      • No monthly loan administration fee
    • variable rate

      4.74%

    • comparison rate*

      5.13%

    • upfront fees

      $100

    • Go to site
    More info
    • Bank of Melbourne Variable Home Loan (Advantage Package)
      • Able to redraw funds from your extra payments
      • Choice of terms up to 30 years
      • $0 establishment fee with Advantage Package
    • variable rate

      4.75%

    • comparison rate*

      5.14%

    • upfront fees

      $100

    • Go to site
    More info

* 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 a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. 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.

  • Home loan reviews

      • Westpac

        Westpac home loan review

        Great bank who look after their customers

        1. Overall customer rating
        2. (Reviewed about 19 hours ago)

        My home loan is set up with an offset account which is awesome. The amount of money saved in interest by doing this is very rewarding. I think every person with a home loan should have an offset account. I don't know if all banks and financial ins...  Full review 

        My home loan is set up with an offset account which is awesome. The amount of money saved in interest by doing this is very rewarding. I think every person with a home loan should have an offset account. I don't know if all banks and financial institutions offer this.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
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        Westpac Rocket Investment Loan home loan review by Graeme from Western Australia

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      • Commonwealth Bank

        Commonwealth Bank home loan review

        Great customer service with reasonable rates

        1. Overall customer rating
        2. (Reviewed about 19 hours ago)

        CBA are a great bank to deal with. My family and I have banked with them for many years and always received great friendly service. I recently changed my homeloan to interest only by going to my local bank and the process was simple and quick. The...  Full review 

        CBA are a great bank to deal with. My family and I have banked with them for many years and always received great friendly service. I recently changed my homeloan to interest only by going to my local bank and the process was simple and quick. The banks on-line banking app is simple to use and intuitive.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        Commonwealth Bank home loan review by Mark from New South Wales

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      • ANZ

        ANZ home loan review

        Customer service

        1. Overall customer rating
        2. (Reviewed about 19 hours ago)

        They don't keep us in the loop, and don't return phone calls. Also they were doing our first home buyers grant and they were taking too long and keep extending the time for settlement.  Full review 

        They don't keep us in the loop, and don't return phone calls. Also they were doing our first home buyers grant and they were taking too long and keep extending the time for settlement.


          1. Price
          1. Features
          1. Customer service
          1. Convenience
          1. Trust
        Less
        ANZ home loan review by Lisa from Northern Territory

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    • Home loan information for Australians

      With interest rates falling, it's a great time to buy your first home or refinance your existing mortgage at a lower rate. Finding the best home loan rates can be daunting, but Mozo is here to guide you through the maze of loans available in Australia. We can also help you find the best home loan with our Home Loan Negotiator service, which is similar to using a mortgage broker in Australia.

      Our mortgage database lets you weigh up different loans 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 reviews by the Mozo community.

    • Mortgage rate comparison

      Our nifty comparison tools let you quickly filter and compare home loans in Australia according to the features you want, such as extra repayments, free redraw and offset accounts.

      Once you have shortlisted the best loans for your needs, you can compare your chosen loans side-by-side to find the most appropriate loan for your needs and apply online at the lender's website.

      If you want help in finding the lowest home loan interest rates that suit your needs, a mortgage broker or home loan negotiator can help. Mozo can help you compare mortgage brokers in Australia with our home loan negotiator service. Brokers will help you to understand your home loan options such as how much you can borrow, which bank, credit unions or non-bank lenders offer the best mortgage rates for your situation and can even help with the application process.

    • Finding the right loan for you

      Before you commence with your research, it helps to work out whether you need a loan with all the bells and whistles, or are simply after the lowest interest rates with no frills.

      The cheapest home loans don't alwasys offer flexible features like the ability to make extra repayments and unlimited redraw. When you're making home loan comparisons in Australia, be sure to check features as well as rates and fees.

      Find more information here on:

    • 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 are searching for the best home interest loan rates. 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. Check out variable rate loans.

      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.

    • Compare loans with our Calculators

      If you're looking to make a home loan rate comparison, there is no way around number crunching. Whether you are calculating repayments or how much stamp duty you'll need to pay, Mozo's handy home loan calculators make it simpler to do the maths.

      For first home buyers, Mozo's borrowing calculator will help you work out your budget and how much you can afford to spend on your home loan. You can assess if a low deposit home loan is for you. And once you have shortlisted loans, run them through the Mozo home loan comparison calculator to see which one will save you the most.

      We also have a couple of other helpful calculators. Using the Rate Change Calculator you can see how changes in rate will affect your repayments. You can also check out options for getting rid of your debt faster and seeing how much you can save by increasing your payments.

      Once you've decided which loan is right for you, you can link straight through to the lenders website and begin the application process.

  • Home loan calculators

    Crunch numbers with our handy calculators.
  • Community

    Keep up to date with the latest news or get your home loan questions answered by the money mavens on Mozo Answers.