Australia's best home loans for buyers, refinancers and investors


05 May 2021

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Looking for the creme de la crème in home loans? Then you’ve come to the right place! Australia’s best home loans for buyers, refinancers and investors have just been revealed in the 2021 Mozo Experts Choice Home Loan Awards. 

Drawing on over 65 years combined experience in financial services, our expert judges analysed a whopping 560 home loans from 99 mortgage lenders for this year's awards, with only the top 10% of products in each category receiving the Mozo tick of approval.

The takeaway? Borrowers could save thousands! Choosing the best value home loan over the average big bank loan could save a typical borrower $93,000 over the life of the loan.* 

Find out for yourself by comparing the best value home loans of the year below.

  • 1.99% discount variable rate for 1 year

  • Rolls over to low ongoing 2.48% (2.47% comparison rate*)

  • Apply online for lightning fast processing and settlement within 30 days

Expert verdict

Popular online lender is a perennial award winner, and with offerings like the Smart Booster Home Loan it's not hard to see why. This low rate, low fee home loan is packed with useful features like unlimited extra repayments, free redraws and an optional offset account to boost your savings. With all this value on offer and no pesky ongoing fees to boot, it's no surprise the Smart Booster took out Best Low Cost Home Loan in the 2021 Mozo Experts Choice Awards.

Where do I get it? Head over to to find out more >>

UBank UHomeLoan
  • 1.85% fixed rate for 3 years (2.24% comparison rate*)

  • Free extra repayments up to $20,000 p.a.

  • Best Fixed Rate Home Loan 2021 - Mozo Experts Choice Awards

Expert verdict

Borrowers looking to take advantage of record low fixed rates will find it hard to go past this cracking fixed home loan from the clever folk at UBank. You'll enjoy peace of mind over your mortgage repayments, taking a fair amount of stress out of the home buying process, and you won't have to sacrifice flexibility. Extra repayments of up to $20,000 a year can be made during the fixed term without penalty, and you’ll also enjoy conveniently flexible repayment options plus zero ongoing fees.

Where do I get it? Head over to UBank to find out more >>


Bank of Queensland Discount Fixed Rate
Bank of Queensland
  • 1.89% 2 year fixed rate (3.05% comparison rate*)

  • $3,000 cashback for refinancers - Apply by 28 May

  • Mozo Experts Choice Best Fixed Rate Home Loan 2021

Expert verdict

BOQ is ticking all the boxes with borrowers looking to find great value outside of the big four banks, and rightly so. The BOQ Discounted Fixed Home Loan lets you secure a super low rate for two years while still having the flexibility to pay down your mortgage faster with free extra repayments of up to $5,000 per year. What’s more, right now refinancers can enjoy a generous $3,000 cashback, as long as you apply before 28 May. Minimum loan size $250,000, 80% LVR or less.

Athena Celebrate Variable Home Loan
  • New 1.99% variable and comparison rate* (60% LVR required)

  • Zero Athena fees plus free extra repayments and redraw

  • Mozo Experts Choice Home Loan Innovation Winner 2021

Expert verdict

Online lender Athena is shaking up home loans with a customer first approach and some of the best value mortgages on the market. The Athena Home Loan has one of the lowest variable rates around for refinancers with at least 60% equity in their property, and no application, valuation or ongoing fees. On top of that, to reward borrowers for paying down their home loan, Athena will now automatically lower your rate as you pay down your loan.

Where do I get it? Head over to Athena to find out more >>


Well Home Loans Well Balanced
Well Home Loans
  • 2.24% variable rate for investors (2.34% comparison rate*)

  • Optional offset for $10 a month plus free extra repayments and redraw

  • Best Investor Home Loan 2021 - Mozo Experts Choice Awards

Expert verdict

The Well Balanced Home Loan evens out the investment playing field with an ultra low variable rate for investors borrowing up to $2 million with at least 20% deposit. On top of this, you’ll be able to tailor your home loan to suit your needs thanks to the split loan option and optional offset account for $10 a month. You'll also enjoy the ability to make free extra repayments, a redraw facility and no ongoing fees. It's no wonder it took out multiple Mozo Experts Choice Awards in the  Investor and Offset Home Loan categories.

Where do I get it? Head over to Well Home Loans to find out more >> Smart Booster Investor Bundle Home Loan
  • 1.99% discount variable rate for 1 year

  • Rolls over to low ongoing 2.74% (2.71% comparison rate*)

  • Enjoy super fast loan application processing and settlement within 30 days

Expert verdict

Thought an investment rate starting with a '1' was impossible? Think again. delivers just that with this killer discounted intro variable loan for investors who bundle their owner occupier and investment loan. Investors can choose either  either Principal and Interest or Interest Only repayments and add an optional offset account for an extra 0.10%. Other benefits include unlimited additional repayments and multiple loan split options.

Where do I get it? Head over to to find out more >>

*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 the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. 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 loans Awards

Interested in comparing more home loans? Check out the latest mortgage interest rates from over 80 different lenders by heading over to the Mozo home loan comparison hub.

To see the full list of this year’s home loan winners or to read through the methodology report, check out our dedicated 2021 Mozo Experts Choice Home Loan Awards page.

*Loan savings based on a $400,000 owner occupier loan over 25 years with principal and interest repayments.

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