The best home loans in Australia for 2019

Australia's best home loans have been ranked for the 2019 Mozo Expert's Choice Awards, and the results are eye opening. Choosing the best value home loan over the average big bank loan could save a typical borrower more than $82,000 over the life of the loan*, but with so many options available it can be hard to know where to start.

The Mozo Experts Choice judges have over 50 years of financial services experience, so it's pretty safe to say they know a good deal when they see one. For this year's Awards, our experts compared 436 home loans from 85 lenders and only the top 10% of products in each award category got the seal of approval.

So whether you're looking to buy your first home or refinance and save, start off on the right foot by comparing some of this year's best value home loans below.

Mozo Experts Choice Winning Home Loans 2019 - Smart Home Loan 80
  • New 2.88% variable rate (2.90% comparison rate*)
  • $0 application or ongoing fees
  • Unlimited free extra repayments and redraw facility
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Expert verdict

Looking for a loan that delivers big savings? Look no further than the Smart Home Loan from This ultra low rate, low fee mortgage is packed with handy features like free extra repayments, unlimited free redraw and a split rate option. actually took out the Low Cost Home Loan Award for its Essentials Variable 80 loan, but the new Smart Home Loan has an even lower rate and all the same great features as the Essentials, so we'd be crazy not to review it here.

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

UBank - UHomeLoan - Discount Offer
  • New 2.84% variable rate (2.84% comparison rate*)
  • No hidden fees plus free extra repayments and redraw
  • Best Low Cost Home Loan and Split Home Loan Winner
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Expert verdict

The UBank UHomeLoan is a perennial award winner, and with such great value on offer it's not hard to see why. Being an online bank, UBank is able to offer super sharp rates and get rid of hidden costs like application and ongoing fees. The new low rate is available for loans of $200,000 or more with a minimum deposit of 20%, and the online application process is fast and easy. You'll also have the security of knowing that UBank is backed by NAB.

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

Homestar - Star Essentials Home Loan
  • 2.74% p.a. variable rate (2.77% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • No monthly or ongoing account fees
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Expert verdict

Featuring one of the lowest variable rates on the market, the Star Essentials Home Loan could help you save a small fortune over the life of your loan. This no frills loan from Mozo Experts Choice winning non-bank lender, Homestar, gives owner occupiers plenty to get excited about, with $0 ongoing fees and a number of handy features such as unlimited extra repayments, free online redraws, multiple loan splits and a choice of weekly, fortnightly or monthly repayments.

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

Athena - Liberate Variable Home Loan
  • 2.84% variable rate (2.80% comparison rate*)
  • Free extra repayments and redraw facility
  • No upfront or ongoing fees
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Expert verdict

New online mortgage challenger Athena wants you to love them and leave them, offering ultra low rates to help you pay off your mortgage fast. The value-packed Athena Variable Home loan is a refinance mortgage with one of the lowest rates around plus no application, valuation or ongoing fees. The loan also offers free extra repayments and a free redraw facility. Originally available only to refinancers, this Athena Home Loan is now available to home buyers buying an established property in a  capital or major regional city.

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

Newcastle Permanent - Special Real Deal Home Loan
  • 3.19% variable rate (3.23% comparison rate*)
  • Free extra repayments and partial offset account
  • Borrow with just 10% deposit
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Expert verdict

With a great low rate, loads of features and no application or ongoing service fees, the Newcastle Permanent Real Deal Home delivers on its promise. Flexible features include the option to make free extra repayments, split your loan between fixed and variable rates and make use of a partial offset account. It’s little wonder it’s the winner of two Mozo Experts Choice Awards for First Home Buyer Loan and Investor Home Loans.

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

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Want to compare more home loans? View the latest mortgage rates from 80 plus lenders at Mozo's home loan comparison hub.

This is just a selection of our Mozo Experts Choice Home Loan 2019 winners. Head over to our dedicated Awards page to see the full list of winners.

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Our judges base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity.  Product providers don’t pay to be in the running and we don’t play favourites. Award winners may choose to purchase a licence to use their award in their own marketing and may choose to list products on the Mozo website in a way that may generate revenue for Mozo.

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. 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

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.