Australia's Best Home Loans

At Mozo, we're passionate about getting Australians a better deal on their finances and the Experts Choice Awards provide us with a platform to highlight products in the marketplace that we believe offer great value to Australian consumers. From a field of 390 home loans, here are the home loans and lenders taking out Experts Choice Award honours in 2015.

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Best Value Variable Home Loan

We compared 354 variable rate home loans in our database from 70 lenders to find Australia's lowest cost variable rate home loans over 5 years. To qualify for the award, home loans must allow for a loan-to-value ratio (LVR) of 80%. Here are the home loans awarded Experts Choice Award honours.

We compared 354 variable rate home loans in our database Read more...

^ 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.

Best Value Full Feature Home Loan

To find Australia's best value full featured home loans we compared variable rate loans in our database with the following features: 100% offset account, redraw facility and the ability to split between variable and fixed rate options. Experts Choice Awards went to the 10 loans with the lowest average cost over 5 years.

To find Australia's best value full featured home loans we Read more...

^ 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.

Best Value First Home Loan

To find Australia's best value first home loan we compared all variable rate loans in our database which allow a loan to value ratio of 90% or above. Costs were compared over 5 years and here's the Experts Choice for 2015.

To find Australia's best value first home loan we compared Read more...

^ 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.

Best Value Fixed Rate Home Loan

["We compared 127 loans from 72 lenders in our database to find the lenders with Australia's best value fixed rate home loans. To qualify for the awards, loans must allow a LVR of 80%. The 10 fixed rate loans below made our Experts Choice cut for the lowest average cost.", "More on our methodology here."]

["We compared 127 loans from 72 lenders in our database to Read more...

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About the Mozo Experts Choice Awards

Mozo assessed 113 home loan products from 38 providers for the Mozo Experts Choice Rewards Home Loan Awards

The rates and fees used to calculate the awards were confirmed as correct between 30th March and 9th April 2015. Some rates and fees may have changed.

For the Experts Choice Awards Mozo awards Gold medals to the top 10% of products, to a maximum of 10 individual products, meeting the selection criteria in each awards category. In the ‘big 4 bank’ category only one medal was awarded.

Mozo has been researching and comparing financial products since 2008, and hundreds of thousands of Australians use our comparison services each month. Our research team is headed by our Research & Insights Director and our Product Data Manager who have over 50 years of financial services experience and 21 years in online financial comparison.

More information on the methodology and home loans awards criteria can be found here. Addendum update: 27 August 2015.