Home Loan Awards 2019

Congratulations to the 2019 winners of Mozo Experts Choice Awards for Home Loans. We’ve compared over 436 home loans for this year’s awards, so if you’re after a loan to buy your first home, want to refinance your existing home loan or are looking to invest in property this is a great place to begin.

Experts choice awards hero 2019

What are the Mozo Experts Choice Awards?

The Mozo Experts Choice Awards are the result of intensive research and expert analysis, recognising the best products in the market for all Australians.

Mozo is proud to produce awards that you can trust. Providers don't pay to be assessed, nor do they nominate themselves. Rather, Mozo gathers data from across the market and applies in-house expertise to find those products that offer consumers great value, high quality or innovative features.

For the 2019 home loan awards, Mozo’s money experts compared 436 home loans from 85 lenders. Given that 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. This varies from low deposit home loans for first home buyers, investor only home loans to home loan packages that are a cost effective way to keep all your banking in one place.

For details on how we crunched the numbers and determined the award winners, see our methodology report.

Home Lender Bank of the Year

Greater Bank
Greater Bank

Having won more awards this year than any other bank, Greater Bank has deservedly taken out the Home Lender Bank of the Year. With a myriad of loans to suit all borrower types, and the ideal all-rounder bank, it's little wonder Greater Bank is hard to beat.

Online Home Lender of the Year

Tic:Toc
Tic:Toc

Scooping awards across a wide variety of owner occupier and investor categories, Tic:Toc's specialty on delivering value for a wide range of customers has earned them the title of Online Home Lender of the Year. A budding newcomer, Tic:Toc has made a name for itself by creating technology to help speed up the home loan approval process, with some loans being approved in as little as 22 minutes.

Low Cost Home Loan

Recognising the lowest cost variable rate home loans in the market, our experts examined the rates and fees of 265 loans from 84 lenders, and have declared these products the winners.

Easy Street logo
Easy Street

Standard Variable Home Loan

FreedomLend logo
FreedomLend

Variable Home Loan

Gateway Bank logo
Gateway Bank

Low Rate Essentials Home Loan

Homestar logo
Homestar

Variable Rate Loan

HSBC logo
HSBC

Home Value Loan

loans.com.au logo
loans.com.au

Essentials Variable

Mortgage House logo
Mortgage House

Advantage Home Loan

MOVE Bank logo
MOVE Bank

Straightforward Home Loan

RACQ Bank logo
RACQ Bank

Mortgage Saver Special

Reduce Home Loans logo
Reduce Home Loans

Rate Buster High Lend Variable

Reduce Home Loans logo
Reduce Home Loans

Rate Lovers Variable Home Loan

Tic:Toc logo
Tic:Toc

Variable Home Loan

UBank logo
UBank

UHomeLoan - Discount Offer

Well Home Loans logo
Well Home Loans

Well Balanced

Compare more low cost home loans

Offset Home Loan

Loans with an offset account can provide extra flexibility and help reduce interest costs. The winner of this category needed a variable rate loan that offered a 100% offset account, and also needed to be one of the cheapest in a field of 185 contestants.

Community First Credit Union logo
Community First Credit Union

Accelerator Home Loan (Package)

Easy Street logo
Easy Street

Standard Variable Home Loan

FreedomLend logo
FreedomLend

Variable Home Loan

Homestar logo
Homestar

Variable Rate Loan

Kogan Money logo
Kogan Money

Essential Home Loan

Mortgage House logo
Mortgage House

Advantage Home Loan

Reduce Home Loans logo
Reduce Home Loans

Rate Buster High Lend Variable

Sydney Mutual Bank logo
SCU

My Life Home Loan

State Custodians logo
State Custodians

Low Rate Home Loan with Offset

Tic:Toc logo
Tic:Toc

Variable Home Loan

Well Home Loans logo
Well Home Loans

Well Balanced

Compare more offset home loans

Packaged Home Loan

Conveniently having all your banking needs in one place can make life simpler and taking a package can be a cost-effective choice. As well as being one of the lowest cost loans, to be considered in this category the lender also had to provide a fee free bank account and credit card.

Auswide Bank logo
Auswide Bank

Home Loan Plus (Freedom Package)

Community First Credit Union logo
Community First Credit Union

Accelerator Home Loan (Package)

Greater Bank logo
Greater Bank

Ultimate Home Loan (Package)

Heritage Bank logo
Heritage Bank

Variable Rate Loan (Home Advantage)

People's Choice Credit Union logo
People's Choice Credit Union

Variable Home Loan (Package)

Qudos Bank logo
Qudos Bank

Low Cost Home Loan (Value Package)

First Home Buyer Loan

To be considered for this award, a variable rate loan had to allow for a loan-to-value ratio of at least 90%, to reflect the smaller deposits of first home buyers.

Community First Credit Union logo
Community First Credit Union

Accelerator Home Loan (Package)

Easy Street logo
Easy Street

Standard Variable Home Loan

Greater Bank logo
Greater Bank

Great Rate Home Loan

HSBC logo
HSBC

Home Value Loan

MOVE Bank logo
MOVE Bank

Straightforward Home Loan

Newcastle Permanent logo
Newcastle Permanent

Real Deal Home Loan

Police Bank logo
Police Bank

Goldrate Home Loan (Package)

RACQ Bank logo
RACQ Bank

Mortgage Saver Special

Reduce Home Loans logo
Reduce Home Loans

Rate Lovers Variable Home Loan

Sydney Mutual Bank logo
SCU

My Life Home Loan

Compare more first home buyer home loans

Fixed Rate Home Loan

Fixed rates remain a popular choice for some borrowers. For this award our experts identified the lenders with the lowest costs over a range of fixed terms. To do this they calculated the annual cost of each fixed rate term offered and found the average of the three best results.

FreedomLend logo
FreedomLend

Fixed Home Loan

Greater Bank logo
Greater Bank

Great Rate Home Loan (Fixed)

Greater Bank logo
Greater Bank

Ultimate Home Loan (Fixed, Package)

Newcastle Permanent logo
Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

QBANK logo
QBANK

Fixed Rate

RACQ Bank logo
RACQ Bank

Fixed Rate (Choices Package)

Reduce Home Loans logo
Reduce Home Loans

Fixed Rate

Suncorp logo
Suncorp

Fixed Home Loan (Home Package Plus)

Tic:Toc logo
Tic:Toc

Fixed Home Loan

UBank logo
UBank

UHomeLoan (Fixed)

Compare more fixed home loans

Split Home Loan

Our experts combined the results of both the variable and fixed rate awards to find the winner in a pool of loans that offer the lowest cost offerings and giving the best of both worlds for borrowers.

FreedomLend logo
FreedomLend

Variable Home Loan

Greater Bank logo
Greater Bank

Great Rate Home Loan

Greater Bank logo
Greater Bank

Ultimate Home Loan (Package)

HSBC logo
HSBC

Home Value Loan

Mortgage House logo
Mortgage House

Advantage Home Loan

MOVE Bank logo
MOVE Bank

Straightforward Home Loan

RACQ Bank logo
RACQ Bank

Mortgage Saver Special

Reduce Home Loans logo
Reduce Home Loans

Rate Lovers Variable Home Loan

UBank logo
UBank

UHomeLoan - Discount Offer

Well Home Loans logo
Well Home Loans

Well Balanced

Investor Home Loan

Opting to make interest-only repayments is an important feature for many property investors. This award identified the lowest cost variable rate loans that give borrowers the choice of whether to make principal repayments or not. Our expert calculations blended costs for both repayment options, making these loans good value no matter which option is chosen.

FreedomLend logo
FreedomLend

Variable Home Loan

Gateway Bank logo
Gateway Bank

Low Rate Essentials Home Loan

Homestar logo
Homestar

Variable Rate Loan

Kogan Money logo
Kogan Money

Essential Home Loan

Newcastle Permanent logo
Newcastle Permanent

Real Deal Home Loan

Police Credit Union logo
Police Credit Union

The Better Home Loan

Southern Cross Credit Union logo
Southern Cross Credit Union

Basic Home Loan

State Custodians logo
State Custodians

Low Rate Home Loan with Offset

Tic:Toc logo
Tic:Toc

Variable Home Loan

Well Home Loans logo
Well Home Loans

Well Balanced

Compare more investor home loans

Investor Fixed Home Loan

The security of fixed rates remain a popular choice for many borrowers. For this award, our experts identified the lenders with the lowest costs over a range of fixed terms. Calculating the annual cost of each fixed rate term offered, our experts found the average of the three best results. The calculation was performed using rates applicable to both principal & interest and interest only loans.

Aussie logo
Aussie

Select Basic (Fixed)

Bank Australia logo
Bank Australia

Basic Home Loan (Fixed)

Greater Bank logo
Greater Bank

Ultimate Home Loan (Fixed, Package)

Greater Bank logo
Greater Bank

Great Rate Home Loan (Fixed)

Newcastle Permanent logo
Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

RACQ Bank logo
RACQ Bank

Fixed Rate (Choices Package)

RACQ Bank logo
RACQ Bank

Fixed Rate

Tic:Toc logo
Tic:Toc

Fixed Home Loan

UBank logo
UBank

UHomeLoan (Fixed)

Virgin Money logo
Virgin Money

Reward Me Fixed Rate Home Loan

Compare more fixed investor home loans

Best New Home Loan

A new market entrant well worth a round of applause, Well Home Loans launched just last year. Making a splash with their 'Balanced' loan offering one of the lowest rates around, plus options including adding an offset account for just $10 per month, free redraw, and the ability to split between fixed and variable rates, this newcomer brings fresh new value to the industry.

Well Home Loans logo
Well Home Loans

Well Balanced

Best New Feature

Our experts scoured the market for new or innovative features, and chose the ZIP Home Loan as the stand-out. Including a $5,000 limit Visa Debit Card that is interest-free, this gives customers the convenience and functionality of a credit card without the extra cost, a great feature for people taking out a new mortgage and a welcomed addition to the home loan market.

loans.com.au logo
loans.com.au

ZIP Debit Card

FAQs:

What was the judging criteria for these awards?

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. Our facts-based opinions mean that we don’t play favourites and providers don’t pay to be in the running. Our Judges base their decision on hard-nosed calculations of value, using Mozo’s detailed product database and research findings.

Our awards methodology report is available for you to read, which includes information on the criteria for each award category.

Where can I find more information about home loans?

If you are after more general information, whether its about features of a home loan or tips for renovating, online calculators, reviews and more, check out our home loan resources section of our website.

How many home loans were compared for the Experts Choice Awards?

For the 2019 Mozo Experts Choice Home Loan Awards, our experts crunched the data on 436 home loans from 85 lenders to find the lowest cost home loans in each category.

Who are Mozo’s product experts?

Mozo has been researching and comparing financial products for over a decade now, and thousands of Australians use our comparison services each month to find the best deal for them. Our research team is headed by our Data Services Director and our Product Data Manager who have over 60 years of financial services experience and 29 years in online financial comparison.

I work for a financial provider, how do we promote our award win?

Please get in touch with us to discuss by emailing or calling our advertising sales team on 02 9037 4368.