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.
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 CheckOverall 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
Overall Rating
8Pricing
10Product Features
10Customer Service
9Convenience
10Trust
7They are quiet flexible with us as a family. – simone from Victoria, a Commonwealth Bank home loan customer. Reviewed 1 day ago
Overall Rating
9Pricing
8Product Features
8Customer Service
9Convenience
10Trust
10Was so easy to apply and was accepted in a few days. – Karen from Queensland, an ANZ home loan customer. Reviewed 1 day ago
Overall Rating
9Pricing
8Product Features
8Customer Service
10Convenience
9Trust
10I appreciate their personal touch and willingness to help. – tim from New South Wales, a BCU home loan customer. Reviewed 1 day ago
See all home loans reviewsAustralia’s financial system remains competitive despite the continued growth of the big four players, it has been claimed.
Australian home loan approvals fell in January following a series of interest rate hikes.
Crunch numbers with our handy tools
"How much will my repayments be?"
"How will rate changes affect my repayments?"
"Which home loan will cost me less?"
"How much will I save with extra repayments?"
"How much can I afford to borrow?"
"How much do I have to pay?"
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.
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