Congratulations to the 2018 winners of Mozo Experts Choice Awards for home loans. Whether you’re buying your first home, refinancing your existing home loan or investing in property, the Mozo Experts Choice winners list is a great place to start your search for a great value home loan.
Now in their fifth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.
For the 2018 home loan awards, Mozo’s money experts compared 525 home loans from 88 financial providers. Because we all have different borrowing needs we’ve categorised the winners into several categories to help you narrow down your search in finding the best home loan for you. From low deposit home loans for first home buyers, to investor only home loans, to home loan packages that help you save money on your general banking, the Mozo Experts Choice Awards are the perfect starting point for choosing a home loan.
For details on how we crunched the numbers and determined the award winners see our methodology report.
With the best performing home loan range across the Mozo Experts Choice Award categories, Newcastle Permanent took out the Home Lender of the Year title by Mozo’s money experts for 2018.
Online convenience and competitive products, meet FreedomLend, the Online Lender of the Year award winner for 2018. With a suite of low cost online home loans for every borrower, FreedomLend ranked best across key categories in this year’s Mozo Experts Choice Home Loan Awards for online only lenders.
With the lowest cost portfolio of home loans across the Mozo Experts Choice Award categories of the big 4 banks, ANZ was named Major Bank Home Lender of the Year.
Home loan approval in 22 minutes. Unimaginable just a few years ago, but the innovative home loan automated assesment process pioneered by online lender Tic:Toc was a game changer for borrowers and a deserved winner of the inaugural Home Loan Innovation award.
We compared 287 variable rate owner occupier home loans in our database to find Australia’s best low cost home loans of 2018. To qualify for the low cost award, each home loan must be available for a loan of $350,000, allow for a loan-to-value ratio (LVR) of 80% and principal and interest repayments.
Low Rate Essentials Home Loan
3.64% p.a.
3.66% p.a.
Home Value Loan
3.59% p.a.
3.61% p.a.
Essentials Variable
3.64% p.a.
3.66% p.a.
Basic Home Loan
3.84% p.a.
3.85% p.a.
Basic Home Loan
3.84% p.a.
3.85% p.a.
Variable Home Loan
3.54% p.a.
3.54% p.a.
Variable Rate Loan
3.54% p.a.
3.59% p.a.
The Better Home Loan
3.79% p.a.
3.84% p.a.
Rate Buster Escape
3.54% p.a.
3.54% p.a.
Rate Buster High Lend Variable
3.49% p.a.
3.52% p.a.
Variable Home Loan
3.57% p.a.
3.58% p.a.
Simplicity PLUS
Major Bank Award
4.15% p.a.
4.19% p.a.
Having a home loan with a 100% offset account can help you to save money over the life of your home loan. We compared variable rate loans in our database available for a loan of $350,000 with a 100% offset account and here’s the list of home loans that made our 2018 Experts Choice Awards winners list.
Offset Variable
3.72% p.a.
3.74% p.a.
Advance Variable Home Loan
3.65% p.a.
3.66% p.a.
Variable Home Loan
3.54% p.a.
3.54% p.a.
Variable Rate Loan
3.54% p.a.
3.59% p.a.
Advantage PAYG Special
3.64% p.a.
3.81% p.a.
The Better Home Loan
3.79% p.a.
3.84% p.a.
Rate Buster High Lend Variable
3.49% p.a.
3.52% p.a.
Low Rate Home Loan with Offset
3.68% p.a.
3.69% p.a.
Variable Home Loan
3.57% p.a.
3.58% p.a.
Reward Me Variable Rate Home Loan
3.78% p.a.
3.92% p.a.
Variable Rate (Breakfree Package)
Major Bank Award
4.56% p.a.
4.94% p.a.
Want to lock in your home loan interest rate? The list of winners in the fixed award category for 2018 have the lowest cost fixed rate loans for owner occupiers according to Mozo’s money experts.
Fixed Rate Home Loan (Premium Plus Package)
3.74% p.a. fixed 2 years
4.67% p.a.
Fixed Rate Home Loan
3.94% p.a. fixed 2 years
4.84% p.a.
Tailored Home Loan (Fixed, Choice Package)
Major Bank Award
3.79% p.a. fixed 2 years
4.86% p.a.
Fixed Rate Home Loan (Premium Package)
3.80% p.a. fixed 2 years
4.73% p.a.
Great Rate Home Loan (Fixed)
3.74% p.a. fixed 3 years
4.27% p.a.
Ultimate Home Loan (Fixed, Package)
3.74% p.a. fixed 3 years
4.51% p.a.
Fixed Rate Loan (Owner Occupiers with Orange Advantage)
3.75% p.a. fixed 2 years
4.57% p.a.
Fixed Rate
3.89% p.a. fixed 3 years
4.39% p.a.
Fixed Rate Home Loan
3.89% p.a. fixed 2 years
4.18% p.a.
Fixed Rate (Choices Package)
3.72% p.a. fixed 2 years
4.41% p.a.
Fixed Option Home Loan
3.88% p.a. fixed 2 years
4.89% p.a.
Fixed Option Home Loan
3.88% p.a. fixed 2 years
4.89% p.a.
Ready to purchase your first home? Here are the home loans for first time buyers that shone in this year’s Experts Choice Awards. Loans must have a variable interest rate, be available for first time borrowers with a 10% deposit and a $350,000 loan amount to qualify for this award.
Home Value Loan
3.59% p.a.
3.61% p.a.
Basic Home Loan
3.84% p.a.
3.85% p.a.
Basic Home Loan
3.84% p.a.
3.85% p.a.
Basic Home Loan
3.88% p.a.
3.89% p.a.
First Home Buyer Package
3.79% p.a.
3.79% p.a.
Advance Variable Home Loan
3.65% p.a.
3.66% p.a.
Great Rate Home Loan
3.72% p.a.
3.73% p.a.
Budget Home Loan
3.69% p.a.
3.72% p.a.
The Better Home Loan
3.79% p.a.
3.84% p.a.
Mortgage Saver Special
3.69% p.a.
3.69% p.a.
Low Rate Home Loan with Offset
3.88% p.a.
3.89% p.a.
Back to Basics
3.79% p.a.
3.80% p.a.
Simplicity PLUS
Major Bank Award
4.15% p.a.
4.19% p.a.
Want a home loan with added benefits like a no annual fee credit card and fee free bank account? We compared all home loan packages available for owner occupiers in our database for this award. Each loan in the list also features a 100% offset account and allows for a loan to value ratio of 80%.
Variable Home Loan (Premium Plus Package)
3.99% p.a.
4.38% p.a.
Variable Rate Home Loan (Package)
3.79% p.a.
4.20% p.a.
Ultimate Home Loan (Package)
3.72% p.a.
4.13% p.a.
Variable Rate Loan (Home Advantage)
3.72% p.a.
4.09% p.a.
Orange Advantage (Package)
3.74% p.a.
3.69% p.a.
Offset Home Loan (Package)
3.80% p.a.
4.06% p.a.
Flexible Home Loan (Member Package)
3.79% p.a.
4.21% p.a.
Variable Home Loan (LVR<80%) (Package)
3.69% p.a.
4.09% p.a.
Low Cost Home Loan (Package)
3.79% p.a.
3.79% p.a.
Standard Variable Home Loan Special Offer (Home Package Plus)
3.99% p.a.
4.37% p.a.
Variable Rate (Breakfree Package)
Major Bank Award
4.56% p.a.
4.94% p.a.
Thinking of splitting your home loan between a fixed rate and a variable rate? Here are the split loans that impressed our money experts for their overall value in 2018.
Variable Home Loan (Premium Plus Package)
3.99% p.a.
4.38% p.a.
Variable Home Loan
3.54% p.a.
3.54% p.a.
Variable Rate Home Loan (Premium Package)
3.69% p.a.
4.01% p.a.
Great Rate Home Loan
3.72% p.a.
3.73% p.a.
Ultimate Home Loan (Package)
3.72% p.a.
4.13% p.a.
Elite
3.68% p.a.
3.71% p.a.
Fusion
3.67% p.a.
3.82% p.a.
Orange Advantage (Package)
3.74% p.a.
3.69% p.a.
The Better Home Loan
3.79% p.a.
3.84% p.a.
No Frills Home Loan
3.69% p.a.
3.69% p.a.
Simplicity PLUS
Major Bank Award
4.15% p.a.
4.19% p.a.
In the market for an investment loan? Here are the Mozo expert’s top picks for investment property variable rate home loans for 2018 from the 228 loans we compared. To qualify in this category, the loan must allow an LVR of 80%, be available for a loan of $350,000, offer both interest only and principal and interest repayment options.
Smart Loan (Package)
3.97% p.a.
3.99% p.a.
Essentials Variable
4.29% p.a.
4.31% p.a.
UHomeLoan - Investor Extra Offer
3.99% p.a.
3.99% p.a.
Investor Package Vital
4.33% p.a.
4.39% p.a.
Variable Home Loan
4.04% p.a.
4.04% p.a.
Variable Rate Loan
3.89% p.a.
3.94% p.a.
Fusion
3.97% p.a.
4.12% p.a.
Dream Value Home Loan (Package)
4.13% p.a.
4.48% p.a.
Classic Home Loan
4.35% p.a.
4.41% p.a.
Low Rate Home Loan with Offset
3.93% p.a.
3.94% p.a.
Base Variable Rate Home Loan
Major Bank Award
4.65% p.a.
4.69% p.a.
According to our analysis in this year’s Experts Choice Awards, here are the top fixed rate investor loans of 2018. To qualify for the Award the loan must allow an LVR of 80%, be available for a loan of $350,000 and offer both interest only and principal and interest repayment options.
UHomeLoan (Fixed)
3.99% p.a. fixed 3 years
4.44% p.a.
Select Basic (Fixed)
3.94% p.a. fixed 2 years
4.38% p.a.
Ultimate Home Loan (Fixed, Package)
4.19% p.a. fixed 2 years
4.79% p.a.
Fixed Rate Home Loan (Premium Plus Package)
3.94% p.a. fixed 2 years
4.95% p.a.
Fixed Rate Home Loan
3.95% p.a. fixed 2 years
4.61% p.a.
Fixed Rate (Choices Package)
3.92% p.a. fixed 2 years
4.79% p.a.
Fixed Home Loan (Advantage Package)
3.99% p.a. fixed 2 years
5.39% p.a.
Fixed Home Loan (Advantage Package)
3.99% p.a. fixed 2 years
5.39% p.a.
Fixed Home Loan (Advantage Package)
3.99% p.a. fixed 2 years
5.39% p.a.
Fixed Home Loan
3.89% p.a. fixed 3 years
3.91% p.a.
Reward Me Fixed Rate Home Loan
4.05% p.a. fixed 2 years
4.09% p.a.
Fixed Rate Investment Loan (Premier Advantage Package)
3.95% p.a. fixed 2 years
5.39% p.a.
Every day Mozo keeps track of thousands of products in banking, energy and insurance.
The Mozo Experts Choice Awards recognise home loan products that deliver exceptional value or benefits to consumers. Providers don’t pay to be in the running and we don’t play favourites. Our Judges base their decision on hard-nosed calculations of value, using Mozo’s extensive product database and research capacity.
Experts Choice Awards are awarded to the top 10% of products that meet the selection criteria in each awards category.
For the 2018 Mozo Experts Choice Home Loan Awards, our experts crunched the data on 525 home loans from 88 financial providers to find the lowest cost home loans in each category.
There is a reason why there are over 500 home loans available in Australia. There isn’t one best home loan for every borrower, but there will be a best home loan for you. This is one the reasons why our Money experts have split out the Mozo Experts Choice Awards into several categories. If you’re a first home buyer, your loan needs will be different to a property investor and vice versa. But no matter what category you fall into, you’ll want a home loan that gives you the features or flexibility you want at the lowest possible price. The award winners listed on this page have all been selected by our experts because they deliver the best value for customers based on our criteria and are a great place to start your search. To compare loans based on your particular loan and finance requirements head over to our home loan comparison hub.
We’ve included a major bank winner in each category because there are some borrowers that only want to compare home loan products between the big four banks (Commonwealth, ANZ, NAB and Westpac). So we’ve made it easy for them to find the best big bank home loan for their needs.
This is a home loan that has an offset account attached to the home loan. A loan with an offset account is one of the best ways that you can reduce the amount of interest you pay on your home loan over the life of the loan. For instance if you have a $350,000 home loan but you have $50,000 in your offset account, your bank will only charge you interest on $300,000.
Mozo has been researching and comparing financial products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 23 years in online financial comparison.
Our awards methodology report is available for you to read, which includes information on the criteria for each award category.
If you are after more information about home loans in general, whether it's about features of home loan or tips for renovating, check out our home loan resources section of our website.
Please get in touch with us to discuss by emailing or phoning our advertising sales team on 02 9037 4368.
