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
3.67% p.a.
3.69% p.a.
Essentials Variable
3.64% p.a.
3.66% p.a.
Basic Home Loan
3.64% p.a.
3.66% p.a.
Basic Home Loan
3.64% p.a.
3.66% p.a.
Variable Home Loan
3.54% p.a.
3.55% p.a.
Variable Rate Loan
3.54% p.a.
3.59% p.a.
Home Value Loan
3.74% p.a.
3.75% p.a.
The Better Home Loan
3.79% p.a.
3.84% p.a.
Rate Buster Escape
3.59% p.a.
3.63% p.a.
Rate Buster High Lend Variable
3.49% p.a.
3.53% p.a.
Variable Home Loan
3.52% p.a.
3.53% p.a.
Simplicity PLUS
Major Bank Award
3.99% p.a.
4.03% 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.
Low Rate Home Loan with Offset
3.64% p.a.
3.67% p.a.
Advance Variable Home Loan
3.65% p.a.
3.66% p.a.
Variable Home Loan
3.54% p.a.
3.55% 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.
3.53% p.a.
Variable Home Loan
3.52% p.a.
3.53% p.a.
Reward Me Variable Rate Home Loan
3.68% p.a.
3.82% p.a.
Variable Rate (Breakfree Package)
Major Bank Award
4.40% p.a.
4.79% 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)
3.69% p.a. fixed 2 years
4.59% p.a.
Fixed Rate Home Loan
3.89% p.a. fixed 2 years
4.75% 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 2 years
4.24% p.a.
Ultimate Home Loan (Fixed, Package)
3.69% p.a. fixed 2 years
4.47% p.a.
Fixed Rate Loan (Owner Occupiers with Orange Advantage)
3.72% 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
3.78% p.a. fixed 2 years
5.01% p.a.
Fixed Option Home Loan
3.78% p.a. fixed 2 years
5.01% p.a.
Tailored Home Loan (Fixed, Choice Package)
Major Bank Award
3.88% p.a. fixed 2 years
4.66% 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.
Mortgage Saver Special
3.62% p.a.
3.62% p.a.
Basic Home Loan
3.64% p.a.
3.66% p.a.
Basic Home Loan
3.64% p.a.
3.66% p.a.
Basic Home Loan
3.68% p.a.
3.70% 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
3.74% p.a.
3.74% p.a.
Home Value Loan
3.74% p.a.
3.75% p.a.
Budget Home Loan
3.69% p.a.
3.69% p.a.
The Better Home Loan
3.79% p.a.
3.84% p.a.
Low Rate Home Loan with Offset
3.84% p.a.
3.87% p.a.
Back to Basics
3.68% p.a.
3.69% p.a.
Simplicity PLUS
Major Bank Award
3.99% p.a.
4.03% 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%.
Flexible Home Loan (Member Package)
3.69% p.a.
4.11% p.a.
Variable Home Loan (Premium Plus Package)
3.74% p.a.
4.14% p.a.
Variable Rate Home Loan (Package)
3.74% p.a.
4.15% p.a.
Ultimate Home Loan (Package)
3.74% p.a.
4.15% p.a.
Variable Rate Loan (Home Advantage)
3.84% p.a.
4.21% p.a.
Orange Advantage (Package)
3.64% p.a.
3.69% p.a.
Offset Home Loan (Package)
3.85% p.a.
4.11% p.a.
Variable Home Loan (LVR<80%) (Package)
3.59% p.a.
4.00% p.a.
Low Cost Home Loan (Package)
3.89% p.a.
3.89% p.a.
Standard Variable Home Loan Special Offer (Home Package Plus)
3.79% p.a.
4.18% p.a.
Variable Rate (Breakfree Package)
Major Bank Award
4.40% p.a.
4.79% 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)
3.74% p.a.
4.14% p.a.
Variable Home Loan
3.54% p.a.
3.55% p.a.
Variable Rate Home Loan (Premium Package)
3.74% p.a.
4.05% p.a.
Great Rate Home Loan
3.74% p.a.
3.74% p.a.
Ultimate Home Loan (Package)
3.74% p.a.
4.15% p.a.
Elite
3.68% p.a.
3.71% p.a.
Fusion
3.52% p.a.
3.67% p.a.
Orange Advantage (Package)
3.64% 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
3.99% p.a.
4.03% 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.
Low Rate Home Loan with Offset
3.89% p.a.
3.92% 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.
4.05% p.a.
Variable Rate Loan
3.89% p.a.
3.94% p.a.
Fusion
3.82% p.a.
3.97% p.a.
Dream Value Home Loan (Package)
3.94% p.a.
4.29% p.a.
Classic Home Loan
4.35% p.a.
4.41% p.a.
Base Variable Rate Home Loan
Major Bank Award
4.65% p.a.
4.70% 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)
4.19% p.a. fixed 2 years
4.40% p.a.
Ultimate Home Loan (Fixed, Package)
4.19% p.a. fixed 2 years
5.15% p.a.
Fixed Rate Home Loan (Premium Plus Package)
3.89% p.a. fixed 2 years
4.87% p.a.
Fixed Rate Home Loan
4.09% p.a. fixed 2 years
4.67% p.a.
Fixed Rate (Choices Package)
4.05% p.a. fixed 2 years
4.82% p.a.
Fixed Home Loan (Advantage Package)
3.99% p.a. fixed 2 years
5.30% p.a.
Fixed Home Loan (Advantage Package)
3.99% p.a. fixed 2 years
5.30% p.a.
Fixed Home Loan (Advantage Package)
3.99% p.a. fixed 2 years
5.30% p.a.
Fixed Home Loan
4.19% p.a. fixed 2 years
3.96% 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)
4.05% p.a. fixed 2 years
5.30% 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.
