The best home loans in Australia for 2022

Interest rate rises are now on the cards for 2022, making it more important than ever to ensure that your home loan stacks up against the competition. An uncompetitive interest rate could translate into hundreds of dollars in extra monthly repayments when rates start to rise in earnest.

The good news is that Australia’s best home loans for 2022 have recently been rated by our team of experts for the annual Mozo Experts Choice Home Loan Awards.^ 

Drawing on over 65 years of combined financial services experience, our experts analysed 441 home loans from 89 lenders for this year's awards. Every loan was assessed on rates, fees and features, with just the top 10% in each award category typically receiving the expert 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 $100,600 over the life of the loan.* 

Don’t just take our word though, see for yourself by comparing five of the best home loans of 2022 below, hand-selected and reviewed by our editors from the full list of award winners….



Nano - Variable Home Loan
  • 2.24% variable and comparison rate*
  • Free offset account + zero upfront or ongoing fees
  • Best New Home Loan 2022 Winner^
Find out more
Expert verdict:

Digital lender Nano has launched what it claims to be the world's fastest home loans, with a fully digital approval process that can see you approved in as little as 10 minutes. Refinancers and new purchasers will enjoy low variable rates, zero Nano fees and a wide range of flexible features including unlimited additional repayments, free redraw and a free 100% offset account. Available for loans of up to $2,500,000. Minimum 80% LVR.

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

ING - Mortgage Simplifier
  • 2.34% variable rate (2.37% p.a. comparison rate*)
  • No ongoing fees ($299 upfront fee applies)
  • $3,000 refinance cashback - Apply by 31 July
Find out more

This competitive home loan from ING delivers a low variable rate with no ongoing fees, complete with flexible features like free additional repayments and redraw. What's more, there's a $3,000 cashback offer for refinancers who apply by 31 July and settle by 31 October ($500K minimum refinance, t&cs apply). Minimum 80% LVR. Best First Home Buyer Loan Winner^ 2022.

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

OneTwo - Variable Rate Home Loan
  • 2.09% variable rate (1.99% comparison rate*)
  • Zero fees + score discounts as you pay off your loan
  • $5,000 refinance cashback for loans over $500K (t&cs apply)
Find out more
Expert verdict:

Australia’s newest lender, OneTwo Home Loans, took out a Low Cost Home Loan Award^ for this innovative variable home loan that combines a low rate and zero fees with features that reward you for paying down your loan. Each time you pay off 5% of your original loan, OneTwo will drop your rate by 0.03% (discount capped at 0.15%). On top of this, OneTwo will match any extra repayments made in the first 6 months (up to $2,500).  Available to refinancers in metro and inner regional NSW, Victoria and SA. 80% LVR.

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

Macquarie - Offset Home Loan
  • Variable rates from just 2.39% (2.67% comparison rate*) - minimum 40% deposit
  • 100% offset account, redraw facility and extra repayments
  • Best Packaged Home Loan Winner 2022^
Expert verdict:

This competitive packaged home loan from Macquarie has all the bells and whistles you'd expect of Australia's fifth largest lender, including 100% offset (up to 10 free offset accounts per loan account), free extra repayments and online redraws, a split loan option and even repayment holidays for those times in life when you need to hit pause. There's a $248 annual package fee but no upfront fees to worry about.

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

Greater Bank - Discount Great Rate Home Loan
  • 2.29% variable rate (2.30% p.a. comparison rate*)
  • Borrow with just a 10% deposit, guarantor option also available
  • NSW, QLD and ACT residents only
Find out more

Greater Bank took out the Home Lender Bank of the Year Award for 2022^ for their incredibly competitive home loans range. This low rate variable home loan is available with just a 10% deposit and boasts zero establishment fees, monthly or annual fees ($180 settlement fee applies). Features include free extra repayments, free redraws and a split loan option.

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

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Interested in comparing even more home loans? Check out the latest mortgage 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 2022 Mozo Experts Choice Awards page. 

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

* 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, loan amount and term entered. 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

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.