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    Compare home loans

    • 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 best home loan can be daunting, but Mozo is here to guide you through the home loan maze of Australia.

      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 in Australia 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 to find the cheapest home loan and apply online at the lender's website.

    • Mortgage Brokers

      If you want help in finding the best home loan for your needs, a mortgage broker can help. Mozo can help you compare mortgage brokers with our find a broker service. Mortgage Brokers (sometimes also called home loan 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 rates for your situation and will even help with the application process.

    • 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 make sure you get a loan that is best for your needs, be sure to check features as well as rates and fees when you compare home loans.

      Find more information here on:
      Refinancing
      Line of credit
      Low rate
      No fee

    • 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. 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.

    • Home Loan Calculators

      If you are in the market for a new home loan, there is no way around number crunching. Whether you are calculating home loan 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. And once you have shortlisted loans, run them through the Mozo home loan comparison calculator to see which one will save you the most.

      Other helpful home loan calculators include:
      Rate change calculator - see how changes in rate will affect your repayments
      Extra repayments calculator - want to get rid of your debt faster, see how much you'll save by increasing payments

    Popular home loans on MozoRates updated: 26 May 2012

      • UBank
        UHomeLoan - Refinance only
        • Includes a 0.20% p.a Loyalty Discount for the life of the loan
        • No bank fees whatsoever. No application or admin fees
        • Unlimited fee-free online redraws
      • variable rate

        5.83%

      • comparison rate*

        5.83%

      • Go to site
      Click for more info
      • loans.com.au
        dream catcher
        • $0 loan application fee. For refinance or purchase
        • 100% redraw offset facility with linked Visa debit card
        • Free RP Data Property Report
      • variable rate

        5.85%

      • comparison rate*

        6.23%

      • Go to site
      Click for more info
      • My Mortgage Freedom
        Low Rate +
        • Available for re-financing, purchase or additional funding
        • Redraw-Offset account with fee-free unlimited transactions via Internet
        • 2-minute contact form, then full application completed by a personal consultant
      • variable rate

        5.87%

      • comparison rate*

        6.17%

      • Go to site
      Click for more info
      • Bankwest
        Online Home Loan
        • Limited time offer - exclusively available by applying online
        • No ongoing maintenance fees
        • Minimum loan size $100,000
      • variable rate

        5.97%

      • comparison rate*

        5.97%

      • Go to site
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      Click for more info

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    Home loan reviews

      • ANZ Variable Rate (Breakfree package) *

        ANZ Fixed Rate *

        More ANZ home loans

        * Fees and charges are payable

        Show Rates

        ANZ home loan review

        Disgusting service - worse I have experienced

          11. Overall customer rating
          12. (Reviewed 3 days ago)

        I have banked with this company for over 20 years never defaulted on any credit card payment or home loan payment - it took forever, got forgotten about, questioned on everything, it was the longest every application in the world - nearly took 12 ...       Full review 

        I have banked with this company for over 20 years never defaulted on any credit card payment or home loan payment - it took forever, got forgotten about, questioned on everything, it was the longest every application in the world - nearly took 12 months and it was only an extension for home improvements. Made it difficult for me financially - still recovering.


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        ANZ Variable Rate (Breakfree package) home loan review by Nikki from South Australia

        5 people found this review helpful – do you?

        Yes

      • loans.com.au dream loan express (<60% lvr) *

        loans.com.au dream loan express (Rate Tracking) *

        More loans.com.au home loans

        * Fees and charges are payable

        Show Rates

        loans.com.au home loan review

        Fully featured, great rates, peace of mind.

          11. Overall customer rating
          12. (Reviewed 4 days ago)

        In my opinion, the big banks don't even come close to offering as good a deal as loans.com.au. While others bemoan the banks not passing on rate cuts, I have the surety of knowing that for the first three years, my rate is guaranteed to be linked ...       Full review 

        In my opinion, the big banks don't even come close to offering as good a deal as loans.com.au. While others bemoan the banks not passing on rate cuts, I have the surety of knowing that for the first three years, my rate is guaranteed to be linked to the Reserve cash rate. Can't beat that!


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        loans.com.au dream loan express home loan review by Shane from South Australia

        1 person found this review helpful – do you?

        Yes

      • UBank UHomeLoan - Refinance only *

        Compare all home loans

        * Fees and charges are payable

        Show Rates

        WAW Credit Union home loan review

        Fantastic service and great rates

          11. Overall customer rating
          12. (Reviewed 4 days ago)

        The WAW credit union are competitive where they need to be: in the wallet. The products they offer are simple and convenient. The communication is fantastic if interest rates were going to change, we knew the effect it was going to have.       Full review 

        The WAW credit union are competitive where they need to be: in the wallet. The products they offer are simple and convenient. The communication is fantastic if interest rates were going to change, we knew the effect it was going to have.


          11. Price
          11. Features
          11. Service
          11. Convenience
          11. Trust
        Less
        WAW Credit Union home loan review by Thais from Victoria

        1 person found this review helpful – do you?

        Yes

    Highest rated home loans- as voted by the Mozo Community (rating out of 10)

    • 8.7

      Newcastle Permanent home loans

      Overall rating: 8.7 (33 reviews)*

      Last reviewed: 26 April 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      Newcastle Permanent home loans
    • 8.6

      ME Bank home loans

      Overall rating: 8.6 (90 reviews)*

      Last reviewed: 21 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      ME Bank home loans
    • 8.4

      Greater Building Society home loans

      Overall rating: 8.4 (37 reviews)*

      Last reviewed: 05 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      Greater Building Society home loans
    • 8.3

      CUA home loans

      Overall rating: 8.3 (59 reviews)*

      Last reviewed: 18 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      CUA home loans
    • 8.1

      Heritage Bank home loans

      Overall rating: 8.1 (38 reviews)*

      Last reviewed: 01 May 2012


      11. Overall customer rating
      11. Price
      11. Features
      11. Service
      11. Convenience
      11. Trust

      * based on reviews in the past 12 months

      Heritage Bank home loans

    loans.com.au
    Variable Rate 5.85% p.a.

    Online Home Loan

    • 100% redraw offset facility with linked Visa debit card
    • $0 loan application fee. For refinance or purchase
    • Comparison Rate 6.23% p.a.
    Go to site

    Home loan calculators

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    Home loan articles

    • *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, based on the loan amount and loan term you entered. 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.