Compare Home Loans from under 3.00% & Save

Looking to save money on your home loan? There are a number of red hot offers on the market right now, so check out some of the top home loans in the table below and compare the savings.

Cheap Home Loans - page last updated October 26, 2020

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure.

I want to borrow

years

  • mozo-experts-choice-2020

    2.48% p.a. variable

    2.50% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.09% p.a.
    fixed 2 years

    2.98% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.34% p.a. variable

    2.34% p.a.

      Compare
    Details
  • 2.54% p.a. variable

    2.81% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.49% p.a. variable

    2.49% p.a.

      Compare
    Details
  • Hot DealUp to $1,500 cash back on refinances (T&Cs apply)

    mozo-experts-choice-2020

    2.29% p.a. variable

    2.32% p.a.

      Compare
    Details
  • Hot Deal$2,000 Refinance Cash Bonus (T&Cs apply)

    2.68% p.a. variable

    2.69% p.a.

      Compare
    Details
  • Hot Deal$3,000 cashback when you refinance your home loan to BOQ (T&Cs apply)

    2.59% p.a. variable

    2.76% p.a.

      Compare
    Details
  • 2.61% p.a. variable

    2.67% p.a.

      Compare
    Details
  • 2.59% p.a. variable

    3.00% p.a.

      Compare
    Details
  • 2.18% p.a.
    fixed 2 years

    3.72% p.a.

      Compare
    Details
  • Hot DealSpecial rate applies to home loan applications submitted by 30th November 2020

    2.19% p.a. variable

    2.22% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.19% p.a.
    fixed 3 years

    2.79% p.a.

      Compare
    Details
  • 1.99% p.a.variable for 24 months and then 2.50% p.a. variable

    2.93% p.a.

      Compare
    Details
  • 2.29% p.a.
    fixed 2 years

    3.28% p.a.

      Compare
    Details
  • 1.98% p.a.
    fixed 1 year

    2.41% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.44% p.a. variable

    2.38% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.14% p.a.
    fixed 3 years

    2.41% p.a.

      Compare
    Details
  • 2.39% p.a.
    fixed 3 years

    3.08% p.a.

      Compare
    Details
  • 1.99% p.a.variable for 12 months and then 2.48% p.a. variable

    2.47% p.a.

      Compare
    Details
  • mozo-experts-choice-2020

    2.59% p.a. variable

    2.60% p.a.

      Compare
    Details
  • 2.59% p.a. variable

    2.63% p.a.

      Compare
    Details
  • Hot Deal$3,000 cashback when you refinance your home loan to BOQ (T&Cs apply)

    2.25% p.a.
    fixed 3 years

    3.41% p.a.

      Compare
    Details
Picture of Steve Jovcevski

Talk to a Mozo home loans expert

Buying your first home, refinancing your existing home or thinking of investing? Speak to Steve, our home loans expert today!

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

**Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home loans Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.

Switch & Save Calculator

How much could you save by switching your home loan? Compare savings from over 500 home loans. Find out in a few clicks.

Get started

Advertisement

Home loan resources

Views, news, tips and guides to help find the home loan for you.

Home loan guides

Recent home loan tips

Home Loan Reviews

Adelaide Bank Home Loan review
Overall 10/10
Adelaide Bank - Care about their customers

Refinanced our home loan with Adelaide Bank mid 2019 for our investment home which will be for our retirement. They have been amazing from the very beginning and throughout COVID-19. Reduced our rate twice without us asking, customer service is excellent. Called us 3 times so far throughout COVID-19 to check on us if we need assistance - you cannot ask for a better bank.

Read full review

Refinanced our home loan with Adelaide Bank mid 2019 for our investment home which will be for our retirement. They have been amazing from the very beginning and throughout COVID-19. Reduced our rate twice without us asking, customer service is excellent. Called us 3 times so far throughout COVID-19 to check on us if we need assistance - you cannot ask for a better bank.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Deborah, New South Wales reviewed 3 days ago
NAB Home Loan review
Overall 8/10
Excellent customer service

Customer service has been wonderful all throughout the bank, personal and business banking. Especially in times of hardship.

Read full review

Customer service has been wonderful all throughout the bank, personal and business banking. Especially in times of hardship.

Customer service
10/10
Convenience
7/10
Trust
8/10
Less
Leiane, New South Wales reviewed 3 days ago
RAMS Home Loan review
Overall 1/10
Pathetic and incompetent, go to anyone else

This bank's staff are totally incompetent. Don't even know their own rules and processes. Do not use them if you have anything slightly more complex than a very simple owner-occupied loan. They are useless, don't understand business, and change the rules as they go.

Read full review

This bank's staff are totally incompetent. Don't even know their own rules and processes. Do not use them if you have anything slightly more complex than a very simple owner-occupied loan. They are useless, don't understand business, and change the rules as they go.

Price
1/10
Customer service
1/10
Convenience
1/10
Trust
1/10
Less
Mel, New South Wales reviewed 3 days ago

Mortgage calculators

Recent home loan articles

Repayment holidays lower mortgage stress to near pre-crisis levels

Despite unprecedented economic headwinds, mortgage holders across Australia have managed to stave off default, with new research from Roy Morgan showing levels of mortgage stress approaching pre-crisis levels.In the three months to August 2020, an estimated 751,000 mortgage holders (20.2%) were considered ‘at risk,’ while 433,000 (12.5%) were considered ‘extremely at risk.’ According to Roy Morgan, both numbers are among the lowest recorded.Apart from Victoria, which had re-entered lockdown at the time following a second coronavirus outbreak, most of the country was “progressing towards a ‘COVID-normal’ situation,” thanks to a raft of support measures from banks and the government.This comes despite 11.2 million Australians (72%) experiencing a change to their employment circumstances due to COVID-19 in May, with that number remaining elevated at 10.4 million in July.For many, these employment changes were negative, and included a drop in hours worked, a slowdown or halt in business activity, being stood down, having pay reduced, and being made redundant.RELATED: Why a 1% difference in your home loan rate mattersAccording to Roy Morgan chief executive, Michele Levine, changes like these are typically associated with an increase in mortgage stress, with job loss in particular causing an immediate jump into a risk category.“Over two-in-three mortgages rely on more than one income and our analysis shows losing even the lower of these two incomes causes an immediate quadrupling of those mortgage holders considered ‘at risk’ or ‘extremely at risk,” she said.While the current support measures appear to have fortified the property market, Levine worries they have merely kicked a potential real estate crisis further down the road.“Because of these measures the impact of COVID-19 is yet to be fully felt, but we already know there will be significant pressures emerging when the support ends,” she said.“JobKeeper has already been reduced in early October 2020 and is set to end entirely by April 21 while the mortgage deferrals offered by banks to customers in financial distress are set to run out at the same time.“One of the biggest tasks for banks during the present period is to determine which customers will be able to return to paying their mortgage in the period ahead and which customers will not have that capacity when the deferrals end early next year.”For information about the assistance available to households and businesses, along with tips to keep your finances in good health amid the current crisis, browse our guide to coronavirus and your finances.

Property listings in Melbourne skyrocket as restrictions ease

The unwinding of restrictions in Victoria has given a boost to the real estate market, with research firm CoreLogic recording a wave of activity from sellers in the state’s capital.Since property agents were given the green light to hold onsite inspections, the number of new listings in Melbourne has swelled from 1,606 to 6,974 — an increase of around 330%.“The result is likely due to months of pent-up decisions to sell from vendors, and reflects how the real estate transaction process has remained tied to physical inspections,” said CoreLogic head of research Australia, Eliza Owen.According to the data, the volume of new listings in Melbourne topped all other capital cities in the four weeks to 18 October, bringing total advertised stock in Melbourne to more than 21,000 properties.There was an increase in new listings in 39 of 40 SA3 regions in Melbourne, with Macedon Ranges the sole underperformer. The areas with the greatest recovery of volumes were Wyndham (314), Melbourne City (273) and the Whittlesea-Wallan region (256).While the amount of new listings could point to a potential market rebound, Owen doesn’t rule out the possibility that distressed sales are behind the uptick.“A significant increase in new stock across Melbourne can mean different things for the state of the market. ‘Forced’ selling was a possibility from the pandemic, as significant job losses across Victoria may have limited the ability of some households to keep paying their mortgage,” she said.RELATED: Repayment holidays lower mortgage stress to near pre-crisis levelsWhile it will take some time to get an accurate read on buyer sentiment, due to the time it takes before a listed property is transacted, there are certainly signs that conditions in the market are improving.“New stock added to the market increased by around 5,370 properties, but the change in total stock was only 4,790. This suggests at least some stock on market has been absorbed over the past four weeks,” said Owen.“In the week ending 18th of October, the final auction clearance rate of 60.2% across Melbourne, was achieved alongside the highest volume of auctions seen in two months. Over the past month, the rate of decline across Melbourne dwelling values has also eased.”For more mortgage and property trends, browse our home loan statistics page. And if you’re after a home loan, visit our home loans comparison page, where you’ll be able to filter your search by rate and type.