7 best value home loans of Spring 2017

By Kelly Emmerton · Thursday, 7 September 2017 · 2 min read

Fact Checked

The weather is warming up now that spring has arrived, and so is competition in the home loan market!

Home-buyers are spoilt for choice this season, with no less than 66 lenders offering up variable home loan rates below 4.00%. Which means those borrowers willing to spend some time shopping around can score big bargains.

To help you narrow down your options while still being sure to pick up the best value deal around, our Editors have compiled this list of their top home loan picks this spring season:

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Important disclosures and comparison rate warning*

Important disclosures

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Comparison rate warning

WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

How Initial Monthly Repayments figures are estimated

Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

loans.com.au - Essentials Variable 90

3.64% variable interest rate (3.66% comparison rate)
No monthly fees ($520 upfront fee applies)
Flexible features like free extra repayments and redraw
Option to split your loan between fixed and variable rates

Find out more

How do I get it?

This super low rate is available to owner occupier purchasers and refinancers borrowing up to $2 million, with a 20% deposit.

HSBC - Discounted Home Value Loan

3.65% variable rate (3.66% comparison rate)
$0 application or ongoing fees
Free extra repayments and redraw, plus split rate option
Your own personal relationship manager

Compare 25+ lenders with our trusted partner, Lendi.

Talk to one of their experienced home loan specialists by answering a few questions online.

I want to refinance

How do I get it?

Owner occupiers can snap up this super competitive big bank home loan with as little as 10% deposit, for loan amounts of up to $7.5 million.

UBank - UHomeLoan - Discount Offer

3.74% variable rate (3.74% comparison rate)
$0 upfront or ongoing fees
Save with free extra repayments, redraw facility and split rate option
Track your application progress with the dedicated app

Find out more

How do I get it?

This Mozo Experts Choice multi-award winning loan is available to owner occupiers with a 20% deposit, for loan amounts of up to $2 million.

NAB - Base Variable Rate Home Loan

Borrow with just 5% deposit
4.17% variable rate (4.21% comparison rate)
No ongoing fees (upfront fees of $600 apply)
Free extra repayments and redraw

Find out more

How do I get it?

Owner occupier borrowers can qualify for this Big 4 Bank loan with as little as 5% deposit, for loans of $20,000 or more.

Newcastle Permanent - Discounted Variable Home Loan

3.64% variable rate (4.03% comparison rate)
No upfront fees ($395 annual fee applies)
Full offset account plus free extra repayments and redraw
Chance to take a repayment holiday

Find out more

How do I get it?

This Mozo Experts Choice Award-winning home loan is available to owner occupier borrowers with a 20% deposit.

Want to compare more home loans?

View the latest mortgage rates from 80 lenders at Mozo's home loan comparison hub.

^* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

^** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

^See information about the Mozo Experts Choice Home Loan Awards

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