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 home loan products in the marketplace that we believe offer great value to Australian consumers. From a field of 504 home loans, here are the loans and lenders taking out Experts Choice Award honours in 2017.
Qudos Bank has the most award winning home loans across the Experts Choice Home Loan Award categories.
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ANZ has the lowest cost portfolio of home loans across the Experts Choice Award categories of the major big 4 banks.
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BCU won more Experts Choice Home Loan Awards than any other credit union in Australia.
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Online lender Homestar’s suite of home loans earned awards in 5 Experts Choice Home Loan categories.
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Awarded for offering the lowest cost home loan for purchasing an environmentally friendly home.
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To find Australia’s best low cost home loans of 2017, we compared 360 variable rate owner occupier home loans in our database. 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. Here are the winners for 2017 or to see all providers considered for the Award check out the full methodology report.
To find Australia’s best low cost home loans of 2017, we Read more...
Bank AustraliaBasic Home Loan (LVR<80%, Owner Occupier)
Bank AustraliaBasic Home Loan (LVR<80%, Owner Occupier)
| Interest rate | 3.86% p.a. |
| Comparison rate | 3.87% p.a. |
| Interest rate | 3.86% p.a. |
| Comparison rate | 3.87% p.a. |
BCUOMG Home Loan (Owner Occupier)
BCUOMG Home Loan (Owner Occupier)
| Interest rate | 3.84% p.a. |
| Comparison rate | 4.09% p.a. |
| Interest rate | 3.84% p.a. |
| Comparison rate | 4.09% p.a. |
Heritage BankDiscount Variable Home Loan Special (Owner Occupier)
Heritage BankDiscount Variable Home Loan Special (Owner Occupier)
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.04% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.04% p.a. |
loans.com.auEssentials Variable 80 (Owner Occupier, Principal & Interest)
loans.com.auEssentials Variable 80 (Owner Occupier, Principal & Interest)
| Interest rate | 3.64% p.a. |
| Comparison rate | 3.66% p.a. |
| Interest rate | 3.64% p.a. |
| Comparison rate | 3.66% p.a. |
UBankUHomeLoan - Value Offer (Owner Occupier, Principal & Interest)
UBankUHomeLoan - Value Offer (Owner Occupier, Principal & Interest)
| Interest rate | 3.74% p.a. |
| Comparison rate | 3.74% p.a. |
| Interest rate | 3.74% p.a. |
| Comparison rate | 3.74% p.a. |
Australian UnityKick Starter Home Loan (Owner Occupier)
Australian UnityKick Starter Home Loan (Owner Occupier)
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.82% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.82% p.a. |
iMortgageElite 80 (Principal & Interest, Owner Occupier)
iMortgageElite 80 (Principal & Interest, Owner Occupier)
| Interest rate | 3.73% p.a. |
| Comparison rate | 3.76% p.a. |
| Interest rate | 3.73% p.a. |
| Comparison rate | 3.76% p.a. |
iMortgageFusion 80 (Principal & Interest, Owner Occupier)
iMortgageFusion 80 (Principal & Interest, Owner Occupier)
| Interest rate | 3.62% p.a. |
| Comparison rate | 3.77% p.a. |
| Interest rate | 3.62% p.a. |
| Comparison rate | 3.77% p.a. |
Reduce Home LoansRate Buster Variable 80% (Owner Occupier, Principal & Interest)
Reduce Home LoansRate Buster Variable 80% (Owner Occupier, Principal & Interest)
| Interest rate | 3.44% p.a. |
| Comparison rate | 3.51% p.a. |
| Interest rate | 3.44% p.a. |
| Comparison rate | 3.51% p.a. |
SCUBasic Home Loan (Owner Occupier)
SCUBasic Home Loan (Owner Occupier)
| Interest rate | 3.77% p.a. |
| Comparison rate | 3.81% p.a. |
| Interest rate | 3.77% p.a. |
| Comparison rate | 3.81% p.a. |
ANZSimplicity PLUS (Owner Occupier, Principal & Interest)
ANZSimplicity PLUS (Owner Occupier, Principal & Interest)
| Interest rate | 4.03% p.a. |
| Comparison rate | 4.07% p.a. |
| Interest rate | 4.03% p.a. |
| Comparison rate | 4.07% p.a. |
Over the life of your home loan, having a home loan with a 100% offset account can help you to save money. We compared variable rate loans in our database available for a loan of $350,000 with a 100% offset account. 2017 Experts Choice Awards went to the top 10 home loans with the lowest average cost over 5 years.
Over the life of your home loan, having a home loan with a Read more...
loans.com.auOffset Variable 80 (Owner Occupier, Principal & Interest)
loans.com.auOffset Variable 80 (Owner Occupier, Principal & Interest)
| Interest rate | 3.72% p.a. |
| Comparison rate | 3.74% p.a. |
| Interest rate | 3.72% p.a. |
| Comparison rate | 3.74% p.a. |
NABTailored Home Loan (Owner Occupier, Principal & Interest) (Choice Package)
NABTailored Home Loan (Owner Occupier, Principal & Interest) (Choice Package)
| Interest rate | 4.47% p.a. |
| Comparison rate | 4.86% p.a. |
| Interest rate | 4.47% p.a. |
| Comparison rate | 4.86% p.a. |
FreedomLendVariable Home Loan (LVR 70-80%, Principal & Interest, Owner Occupier)
FreedomLendVariable Home Loan (LVR 70-80%, Principal & Interest, Owner Occupier)
| Interest rate | 3.54% p.a. |
| Comparison rate | 3.55% p.a. |
| Interest rate | 3.54% p.a. |
| Comparison rate | 3.55% p.a. |
HomestarVariable Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
HomestarVariable Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
| Interest rate | 3.49% p.a. |
| Comparison rate | 3.54% p.a. |
| Interest rate | 3.49% p.a. |
| Comparison rate | 3.54% p.a. |
Hunter UnitedA Breath of Fresh Air Home Loan (Owner Occupied, LVR<90%)
Hunter UnitedA Breath of Fresh Air Home Loan (Owner Occupied, LVR<90%)
| Interest rate | 3.87% p.a. |
| Comparison rate | 3.97% p.a. |
| Interest rate | 3.87% p.a. |
| Comparison rate | 3.97% p.a. |
iMortgageElite 80 (Principal & Interest, Owner Occupier)
iMortgageElite 80 (Principal & Interest, Owner Occupier)
| Interest rate | 3.73% p.a. |
| Comparison rate | 3.76% p.a. |
| Interest rate | 3.73% p.a. |
| Comparison rate | 3.76% p.a. |
Macquarie Credit UnionPower Home Loan Special (Owner Occupier) (Package)
Macquarie Credit UnionPower Home Loan Special (Owner Occupier) (Package)
| Interest rate | 3.79% p.a. |
| Comparison rate | 4.21% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 4.21% p.a. |
Police Credit UnionThe Better Home Loan (Owner Occupier)
Police Credit UnionThe Better Home Loan (Owner Occupier)
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.84% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.84% p.a. |
Reduce Home LoansRate Buster Offset Variable 80% (Owner Occupier, Principal & Interest)
Reduce Home LoansRate Buster Offset Variable 80% (Owner Occupier, Principal & Interest)
| Interest rate | 3.54% p.a. |
| Comparison rate | 3.60% p.a. |
| Interest rate | 3.54% p.a. |
| Comparison rate | 3.60% p.a. |
State CustodiansLow Rate Home Loan with Offset (LVR<80%, Owner Occupier)
State CustodiansLow Rate Home Loan with Offset (LVR<80%, Owner Occupier)
| Interest rate | 3.69% p.a. |
| Comparison rate | 3.72% p.a. |
| Interest rate | 3.69% p.a. |
| Comparison rate | 3.72% p.a. |
State CustodiansLow Rate Home Loan with Offset (LVR<80%, Owner Occupier)
State CustodiansLow Rate Home Loan with Offset (LVR<80%, Owner Occupier)
| Interest rate | 3.69% p.a. |
| Comparison rate | 3.72% p.a. |
| Interest rate | 3.69% p.a. |
| Comparison rate | 3.72% p.a. |
For first time borrowers, here’s a look at the home loans that shone in this year’s awards. To qualify for the first home loan category, each loan must have a variable interest rate, be available for first time borrowers with less than a 20% deposit and a $350,000 loan amount.
For first time borrowers, here’s a look at the home loans Read more...
Heritage BankDiscount Variable Home Loan Special (Owner Occupier)
Heritage BankDiscount Variable Home Loan Special (Owner Occupier)
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.04% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.04% p.a. |
QT Mutual BankMortgage Saver (Owner Occupier)
QT Mutual BankMortgage Saver (Owner Occupier)
| Interest rate | 3.95% p.a. |
| Comparison rate | 3.95% p.a. |
| Interest rate | 3.95% p.a. |
| Comparison rate | 3.95% p.a. |
AMPEssential Home Loan (Owner Occupier, Principal & Interest)
AMPEssential Home Loan (Owner Occupier, Principal & Interest)
| Interest rate | 3.96% p.a. |
| Comparison rate | 3.98% p.a. |
| Interest rate | 3.96% p.a. |
| Comparison rate | 3.98% p.a. |
HomestarVariable Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
HomestarVariable Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
| Interest rate | 3.49% p.a. |
| Comparison rate | 3.54% p.a. |
| Interest rate | 3.49% p.a. |
| Comparison rate | 3.54% p.a. |
Hunter UnitedA Breath of Fresh Air Home Loan (Owner Occupied, LVR<90%)
Hunter UnitedA Breath of Fresh Air Home Loan (Owner Occupied, LVR<90%)
| Interest rate | 3.87% p.a. |
| Comparison rate | 3.97% p.a. |
| Interest rate | 3.87% p.a. |
| Comparison rate | 3.97% p.a. |
Macquarie Credit UnionPower Home Loan Special (Owner Occupier) (Package)
Macquarie Credit UnionPower Home Loan Special (Owner Occupier) (Package)
| Interest rate | 3.79% p.a. |
| Comparison rate | 4.21% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 4.21% p.a. |
Qudos BankLow Cost Home Loan (Owner Occupier) (Package)
Qudos BankLow Cost Home Loan (Owner Occupier) (Package)
| Interest rate | 3.99% p.a. |
| Comparison rate | 3.99% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 3.99% p.a. |
Reduce Home LoansRate Buster Offset Variable 90% (Owner Occupier, Principal & Interest)
Reduce Home LoansRate Buster Offset Variable 90% (Owner Occupier, Principal & Interest)
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.85% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.85% p.a. |
SCUBasic Home Loan (Owner Occupier)
SCUBasic Home Loan (Owner Occupier)
| Interest rate | 3.77% p.a. |
| Comparison rate | 3.81% p.a. |
| Interest rate | 3.77% p.a. |
| Comparison rate | 3.81% p.a. |
State CustodiansLow Rate Home Loan with Offset (LVR<80%, Owner Occupier)
State CustodiansLow Rate Home Loan with Offset (LVR<80%, Owner Occupier)
| Interest rate | 3.69% p.a. |
| Comparison rate | 3.72% p.a. |
| Interest rate | 3.69% p.a. |
| Comparison rate | 3.72% p.a. |
ANZSimplicity PLUS (Owner Occupier, Principal & Interest)
ANZSimplicity PLUS (Owner Occupier, Principal & Interest)
| Interest rate | 4.03% p.a. |
| Comparison rate | 4.07% p.a. |
| Interest rate | 4.03% p.a. |
| Comparison rate | 4.07% p.a. |
If you’re after a home loan with added benefits like a no annual fee credit card and fee free bank account, this is your category. We compared all home loan packages available for owner occupiers in our database for this award. The loan must also feature a 100% offset account and allow for a LVR of 80%.
If you’re after a home loan with added benefits like a no Read more...
Newcastle PermanentDiscounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package)
Newcastle PermanentDiscounted Variable Home Loan (Owner Occupier, Principal & Interest) (Premium Plus Package)
| Interest rate | 3.84% p.a. |
| Comparison rate | 4.22% p.a. |
| Interest rate | 3.84% p.a. |
| Comparison rate | 4.22% p.a. |
Auswide BankSpecial Discount Home Loan Plus (LVR<90%, Owner Occupier) (Freedom Package)
Auswide BankSpecial Discount Home Loan Plus (LVR<90%, Owner Occupier) (Freedom Package)
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.38% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.38% p.a. |
Bank of SydneyExpect More PAYG Home Loan (Owner Occupier, LVR<80%) (Package)
Bank of SydneyExpect More PAYG Home Loan (Owner Occupier, LVR<80%) (Package)
| Interest rate | 3.69% p.a. |
| Comparison rate | 4.10% p.a. |
| Interest rate | 3.69% p.a. |
| Comparison rate | 4.10% p.a. |
HSBCHome Equity Loan (Owner Occupier) (Premier)
HSBCHome Equity Loan (Owner Occupier) (Premier)
| Interest rate | 3.93% p.a. |
| Comparison rate | n/a |
| Interest rate | 3.93% p.a. |
| Comparison rate | n/a |
HSBCHome Smart Loan (Owner Occupier) (Premier)
HSBCHome Smart Loan (Owner Occupier) (Premier)
| Interest rate | 3.85% p.a. |
| Comparison rate | 4.29% p.a. |
| Interest rate | 3.85% p.a. |
| Comparison rate | 4.29% p.a. |
HSBCVariable Home Loan (Owner Occupier) (Premier)
HSBCVariable Home Loan (Owner Occupier) (Premier)
| Interest rate | 3.85% p.a. |
| Comparison rate | 4.29% p.a. |
| Interest rate | 3.85% p.a. |
| Comparison rate | 4.29% p.a. |
Macquarie Credit UnionPower Home Loan Special (Owner Occupier) (Package)
Macquarie Credit UnionPower Home Loan Special (Owner Occupier) (Package)
| Interest rate | 3.79% p.a. |
| Comparison rate | 4.21% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 4.21% p.a. |
Northern Inland Credit UnionDream Value Home Loan (LVR<80%, Owner Occupier, Principal & Interest) (Package)
Northern Inland Credit UnionDream Value Home Loan (LVR<80%, Owner Occupier, Principal & Interest) (Package)
| Interest rate | 3.94% p.a. |
| Comparison rate | 4.29% p.a. |
| Interest rate | 3.94% p.a. |
| Comparison rate | 4.29% p.a. |
Qudos BankLow Cost Home Loan (Owner Occupier) (Package)
Qudos BankLow Cost Home Loan (Owner Occupier) (Package)
| Interest rate | 3.99% p.a. |
| Comparison rate | 3.99% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 3.99% p.a. |
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Owner Occupier) (Package)
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Owner Occupier) (Package)
| Interest rate | 3.89% p.a. |
| Comparison rate | 4.22% p.a. |
| Interest rate | 3.89% p.a. |
| Comparison rate | 4.22% p.a. |
ANZVariable Rate (Owner Occupier, Principal & Interest, $250,000-$499,999, LVR<80%) (Breakfree Package)
ANZVariable Rate (Owner Occupier, Principal & Interest, $250,000-$499,999, LVR<80%) (Breakfree Package)
| Interest rate | 4.40% p.a. |
| Comparison rate | 4.79% p.a. |
| Interest rate | 4.40% p.a. |
| Comparison rate | 4.79% p.a. |
Wanting to split your home loan between a fixed rate and a variable rate? Here are the loans that impressed our money experts for their overall value. To learn more about the methodogy for this award category, see here.
Wanting to split your home loan between a fixed rate and a Read more...
Bank AustraliaBasic Home Loan (LVR<80%, Owner Occupier)
Bank AustraliaBasic Home Loan (LVR<80%, Owner Occupier)
| Interest rate | 3.86% p.a. |
| Comparison rate | 3.87% p.a. |
| Interest rate | 3.86% p.a. |
| Comparison rate | 3.87% p.a. |
Bank AustraliaBasic Home Loan (LVR<80%, Owner Occupier)
Bank AustraliaBasic Home Loan (LVR<80%, Owner Occupier)
| Interest rate | 3.86% p.a. |
| Comparison rate | 3.87% p.a. |
| Interest rate | 3.86% p.a. |
| Comparison rate | 3.87% p.a. |
BCUOMG Home Loan (Owner Occupier)
BCUOMG Home Loan (Owner Occupier)
| Interest rate | 3.84% p.a. |
| Comparison rate | 4.09% p.a. |
| Interest rate | 3.84% p.a. |
| Comparison rate | 4.09% p.a. |
Gateway Credit UnionVariable Rate Home Loan (LVR<80%, Owner Occupier) (Premium Package)
Gateway Credit UnionVariable Rate Home Loan (LVR<80%, Owner Occupier) (Premium Package)
| Interest rate | 3.85% p.a. |
| Comparison rate | 4.16% p.a. |
| Interest rate | 3.85% p.a. |
| Comparison rate | 4.16% p.a. |
Greater BankDiscount Great Rate Home Loan (Owner Occupier, LVR<85%, over $150k)
Greater BankDiscount Great Rate Home Loan (Owner Occupier, LVR<85%, over $150k)
| Interest rate | 3.99% p.a. |
| Comparison rate | 3.99% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 3.99% p.a. |
loans.com.auEssentials Variable 80 (Owner Occupier, Principal & Interest)
loans.com.auEssentials Variable 80 (Owner Occupier, Principal & Interest)
| Interest rate | 3.64% p.a. |
| Comparison rate | 3.66% p.a. |
| Interest rate | 3.64% p.a. |
| Comparison rate | 3.66% p.a. |
UBankUHomeLoan - Value Offer (Owner Occupier, Principal & Interest)
UBankUHomeLoan - Value Offer (Owner Occupier, Principal & Interest)
| Interest rate | 3.74% p.a. |
| Comparison rate | 3.74% p.a. |
| Interest rate | 3.74% p.a. |
| Comparison rate | 3.74% p.a. |
HomestarVariable Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
HomestarVariable Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
| Interest rate | 3.49% p.a. |
| Comparison rate | 3.54% p.a. |
| Interest rate | 3.49% p.a. |
| Comparison rate | 3.54% p.a. |
Reduce Home LoansRate Buster Variable 80% (Owner Occupier, Principal & Interest)
Reduce Home LoansRate Buster Variable 80% (Owner Occupier, Principal & Interest)
| Interest rate | 3.44% p.a. |
| Comparison rate | 3.51% p.a. |
| Interest rate | 3.44% p.a. |
| Comparison rate | 3.51% p.a. |
Reduce Home LoansRate Buster Offset Variable 80% (Owner Occupier, Principal & Interest)
Reduce Home LoansRate Buster Offset Variable 80% (Owner Occupier, Principal & Interest)
| Interest rate | 3.54% p.a. |
| Comparison rate | 3.60% p.a. |
| Interest rate | 3.54% p.a. |
| Comparison rate | 3.60% p.a. |
ANZSimplicity PLUS (Owner Occupier, Principal & Interest)
ANZSimplicity PLUS (Owner Occupier, Principal & Interest)
| Interest rate | 4.03% p.a. |
| Comparison rate | 4.07% p.a. |
| Interest rate | 4.03% p.a. |
| Comparison rate | 4.07% p.a. |
Below are the fixed rate loans that made our Experts Choice cut for the lowest average cost.
Below are the fixed rate loans that made our Experts Choice Read more...
Bank AustraliaBasic Home Loan (Fixed, Owner Occupier)
Bank AustraliaBasic Home Loan (Fixed, Owner Occupier)
| Interest rate | 3.99% p.a. fixed 2 years |
| Comparison rate | 4.38% p.a. |
| Interest rate | 3.99% p.a. fixed 2 years |
| Comparison rate | 4.38% p.a. |
BCUFixed Rate Home Loan Special (Owner Occupier)
BCUFixed Rate Home Loan Special (Owner Occupier)
| Interest rate | 3.85% p.a. fixed 2 years |
| Comparison rate | 4.36% p.a. |
| Interest rate | 3.85% p.a. fixed 2 years |
| Comparison rate | 4.36% p.a. |
Greater BankDiscount Ultimate Home Loan (LVR<85%, over $150k, Owner Occupier) (Fixed, Package)
Greater BankDiscount Ultimate Home Loan (LVR<85%, over $150k, Owner Occupier) (Fixed, Package)
| Interest rate | 3.79% p.a. fixed 2 years |
| Comparison rate | 4.45% p.a. |
| Interest rate | 3.79% p.a. fixed 2 years |
| Comparison rate | 4.45% p.a. |
NABTailored Home Loan (Owner Occupier, Principal & Interest) (Fixed, Choice Package)
NABTailored Home Loan (Owner Occupier, Principal & Interest) (Fixed, Choice Package)
| Interest rate | 3.88% p.a. fixed 2 years |
| Comparison rate | 4.72% p.a. |
| Interest rate | 3.88% p.a. fixed 2 years |
| Comparison rate | 4.72% p.a. |
Bank AustraliaFixed Premium Home Loan (Owner Occupier, LVR<80%) (Package)
Bank AustraliaFixed Premium Home Loan (Owner Occupier, LVR<80%) (Package)
| Interest rate | 3.79% p.a. fixed 2 years |
| Comparison rate | 4.39% p.a. |
| Interest rate | 3.79% p.a. fixed 2 years |
| Comparison rate | 4.39% p.a. |
Gateway Credit UnionFixed Rate Home Loan Special (Owner Occupier, Principal & Interest) (Premium Package)
Gateway Credit UnionFixed Rate Home Loan Special (Owner Occupier, Principal & Interest) (Premium Package)
| Interest rate | 3.95% p.a. fixed 2 years |
| Comparison rate | 4.68% p.a. |
| Interest rate | 3.95% p.a. fixed 2 years |
| Comparison rate | 4.68% p.a. |
Greater BankDiscount Great Rate Home Loan (LVR<85%, over $150k) (Fixed, Owner Occupier)
Greater BankDiscount Great Rate Home Loan (LVR<85%, over $150k) (Fixed, Owner Occupier)
| Interest rate | 3.89% p.a. fixed 2 years |
| Comparison rate | 4.26% p.a. |
| Interest rate | 3.89% p.a. fixed 2 years |
| Comparison rate | 4.26% p.a. |
HomestarFixed Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
HomestarFixed Rate Loan (LVR 70-80%, Owner Occupier, Principal & Interest)
| Interest rate | 3.84% p.a. fixed 2 years |
| Comparison rate | 3.65% p.a. |
| Interest rate | 3.84% p.a. fixed 2 years |
| Comparison rate | 3.65% p.a. |
QT Mutual BankFixed Rate (Owner Occupier) (Choices Package)
QT Mutual BankFixed Rate (Owner Occupier) (Choices Package)
| Interest rate | 3.89% p.a. fixed 2 years |
| Comparison rate | 4.53% p.a. |
| Interest rate | 3.89% p.a. fixed 2 years |
| Comparison rate | 4.53% p.a. |
Qudos BankFixed Rate Home Loan (Owner Occupier)
Qudos BankFixed Rate Home Loan (Owner Occupier)
| Interest rate | 3.89% p.a. fixed 2 years |
| Comparison rate | 4.21% p.a. |
| Interest rate | 3.89% p.a. fixed 2 years |
| Comparison rate | 4.21% p.a. |
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Owner Occupier) (Fixed) (Package)
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Owner Occupier) (Fixed) (Package)
| Interest rate | 3.84% p.a. fixed 3 years |
| Comparison rate | 4.21% p.a. |
| Interest rate | 3.84% p.a. fixed 3 years |
| Comparison rate | 4.21% p.a. |
Here are the Mozo Expert’s top picks for investment property variable rate home loans. To qualify in this category, the loan must allow an LVR of 80%, be available for a loan of $350,000 and allow interest only repayments and have a 100% offset facility.
Here are the Mozo Expert’s top picks for investment property Read more...
BCUOMG Home Loan (Investment)
BCUOMG Home Loan (Investment)
| Interest rate | 3.89% p.a. |
| Comparison rate | 4.14% p.a. |
| Interest rate | 3.89% p.a. |
| Comparison rate | 4.14% p.a. |
FreedomLendVariable Home Loan Special Offer (LVR<80%, Interest Only, Investment)
FreedomLendVariable Home Loan Special Offer (LVR<80%, Interest Only, Investment)
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.88% p.a. |
| Interest rate | 3.79% p.a. |
| Comparison rate | 3.88% p.a. |
FreedomLendVariable Home Loan (LVR 70-80%, Interest Only, Investment)
FreedomLendVariable Home Loan (LVR 70-80%, Interest Only, Investment)
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.00% p.a. |
| Interest rate | 3.99% p.a. |
| Comparison rate | 4.00% p.a. |
HomestarVariable Rate Loan (LVR 70-80%, Investment, Interest Only)
HomestarVariable Rate Loan (LVR 70-80%, Investment, Interest Only)
| Interest rate | 3.89% p.a. |
| Comparison rate | 3.94% p.a. |
| Interest rate | 3.89% p.a. |
| Comparison rate | 3.94% p.a. |
iMortgageFusion 80 (Interest only, Investment)
iMortgageFusion 80 (Interest only, Investment)
| Interest rate | 4.34% p.a. |
| Comparison rate | 4.49% p.a. |
| Interest rate | 4.34% p.a. |
| Comparison rate | 4.49% p.a. |
loans.com.auEssentials Variable 80 (Investment, Interest Only)
loans.com.auEssentials Variable 80 (Investment, Interest Only)
| Interest rate | 4.19% p.a. |
| Comparison rate | 4.21% p.a. |
| Interest rate | 4.19% p.a. |
| Comparison rate | 4.21% p.a. |
loans.com.auOffset Variable 80 (Investment, Interest Only)
loans.com.auOffset Variable 80 (Investment, Interest Only)
| Interest rate | 4.27% p.a. |
| Comparison rate | 4.29% p.a. |
| Interest rate | 4.27% p.a. |
| Comparison rate | 4.29% p.a. |
Reduce Home LoansInvestor Rate Buster Variable 80% (Interest Only)
Reduce Home LoansInvestor Rate Buster Variable 80% (Interest Only)
| Interest rate | 3.94% p.a. |
| Comparison rate | 4.00% p.a. |
| Interest rate | 3.94% p.a. |
| Comparison rate | 4.00% p.a. |
UBankUHomeLoan - Investor Extra Offer (Interest Only, Investment)
UBankUHomeLoan - Investor Extra Offer (Interest Only, Investment)
| Interest rate | 4.44% p.a. |
| Comparison rate | 4.44% p.a. |
| Interest rate | 4.44% p.a. |
| Comparison rate | 4.44% p.a. |
ANZSimplicity PLUS (Investment, Interest Only)
ANZSimplicity PLUS (Investment, Interest Only)
| Interest rate | 4.50% p.a. |
| Comparison rate | 4.50% p.a. |
| Interest rate | 4.50% p.a. |
| Comparison rate | 4.50% p.a. |
Here are the 10 lowest cost fixed rate home loans according to our analysis in this year’s experts choice awards. To qualify in our fixed rate investor loan category, the loan must allow an LVR of 80%, be available for a loan of $350,000 and allow interest only repayments.
Here are the 10 lowest cost fixed rate home loans according Read more...
NABTailored Home Loan (Investment, Interest Only) (Fixed, Choice Package)
NABTailored Home Loan (Investment, Interest Only) (Fixed, Choice Package)
| Interest rate | 4.49% p.a. fixed 3 years |
| Comparison rate | 5.28% p.a. |
| Interest rate | 4.49% p.a. fixed 3 years |
| Comparison rate | 5.28% p.a. |
BCUFixed Rate Home Loan Special (Investment)
BCUFixed Rate Home Loan Special (Investment)
| Interest rate | 3.95% p.a. fixed 2 years |
| Comparison rate | 5.19% p.a. |
| Interest rate | 3.95% p.a. fixed 2 years |
| Comparison rate | 5.19% p.a. |
Greater BankDiscount Ultimate Home Loan (LVR<80%, over $150k, Investment, Interest Only) (Fixed, Package)
Greater BankDiscount Ultimate Home Loan (LVR<80%, over $150k, Investment, Interest Only) (Fixed, Package)
| Interest rate | 4.14% p.a. fixed 3 years |
| Comparison rate | 4.73% p.a. |
| Interest rate | 4.14% p.a. fixed 3 years |
| Comparison rate | 4.73% p.a. |
Greater BankDiscount Great Rate Home Loan (LVR<85%, over $150k) (Fixed, Investment, Interest Only)
Greater BankDiscount Great Rate Home Loan (LVR<85%, over $150k) (Fixed, Investment, Interest Only)
| Interest rate | 4.29% p.a. fixed 3 years |
| Comparison rate | 4.55% p.a. |
| Interest rate | 4.29% p.a. fixed 3 years |
| Comparison rate | 4.55% p.a. |
Greater BankUltimate Home Loan (Investment, Interest Only) (Fixed, Package)
Greater BankUltimate Home Loan (Investment, Interest Only) (Fixed, Package)
| Interest rate | 4.64% p.a. fixed 2 years |
| Comparison rate | 5.03% p.a. |
| Interest rate | 4.64% p.a. fixed 2 years |
| Comparison rate | 5.03% p.a. |
MEFlexible Home Loan (Investment) (Fixed, Member Package)
MEFlexible Home Loan (Investment) (Fixed, Member Package)
| Interest rate | 4.39% p.a. fixed 2 years |
| Comparison rate | 4.91% p.a. |
| Interest rate | 4.39% p.a. fixed 2 years |
| Comparison rate | 4.91% p.a. |
QT Mutual BankFixed Rate (Investment) (Choices Package)
QT Mutual BankFixed Rate (Investment) (Choices Package)
| Interest rate | 4.14% p.a. fixed 2 years |
| Comparison rate | 4.93% p.a. |
| Interest rate | 4.14% p.a. fixed 2 years |
| Comparison rate | 4.93% p.a. |
UBankUHomeLoan (Investment) (Fixed)
UBankUHomeLoan (Investment) (Fixed)
| Interest rate | 4.09% p.a. fixed 3 years |
| Comparison rate | 4.53% p.a. |
| Interest rate | 4.09% p.a. fixed 3 years |
| Comparison rate | 4.53% p.a. |
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Investment) (Fixed, Package)
Victoria Teachers Mutual BankEducation Home Loan (LVR<80%, Investment) (Fixed, Package)
| Interest rate | 4.14% p.a. fixed 3 years |
| Comparison rate | 4.57% p.a. |
| Interest rate | 4.14% p.a. fixed 3 years |
| Comparison rate | 4.57% p.a. |
Virgin MoneyReward Me Fixed Rate Home Loan (Investment, LVR<80%)
Virgin MoneyReward Me Fixed Rate Home Loan (Investment, LVR<80%)
| Interest rate | 4.05% p.a. fixed 2 years |
| Comparison rate | 4.31% p.a. |
| Interest rate | 4.05% p.a. fixed 2 years |
| Comparison rate | 4.31% p.a. |
Mozo assessed 504 home loans products from 89 lenders for the Mozo Experts Choice Home Loan Awards.
The rates and fees used to calculate the awards were confirmed as correct as at 31 March, 2017. 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 ‘major 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 22 years in online financial comparison.
More information on the methodology and home loans awards criteria can be found here.
Every year Mozo’s money experts compare all the home loans they can get their hands on (502 this year) to crunch the numbers and work out which lenders and home loan loan products deliver the best value based on cost. You may be wondering why there are so many categories of awards. The reason is pretty simple. There isn’t one best home loan in the market to suit everyone. But the good news is, there is a best home loan for you. Here’s some questions to ask yourself to go about getting it:
If you are on a limited or fixed monthly income or you just like knowing what your expenses are each month, then you should consider a fixed or split loan. With a fixed loan, your rate will not change during the loan term (which will be between 1 - 5 years) which means that over this time your repayments will stay the same. Variable rate loans are popular with borrowers because they usually have lower rates and features that allow you to pay back the loan faster. But they do come with the risk that if interest rates change, so will your repayments. An option available on many of the home loans among our Experts Choice Award winners is to split your home loan amount between a variable and fixed option. This way you will get the best of both worlds.
It is likely that over the life of your home loan, your financial needs will change. Finding a home loan that has flexibility to allow you to make extra repayments, draw on those extra repayments if you need to or reduce the amount of interest you’ll pay is worth shopping around for. Having an offset account attached to your home loan can be one of the best ways to reduce the amount of interest you pay on your home loan. Every cent you keep in your offset account, will reduce the amount of interest you are paying and over the life of the loan this can add up to tens of thousands of dollars and reduce your loan term by a number of years. The good news is that many of our Experts Choice winning home loans will have an offset account or allow for things like extra repayments.
If you are borrowing money to invest in property, then banks now require you to have a full 20% deposit. If you are an owner-occupier, you can still get a home loan with as little as 5% down payment but you will required to pay lenders mortgage insurance. This is required for any home loan with a deposit less than 20%.
