The best home loans in Australia for 2019


08 Nov 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

Promoted Smart Home Loan
  • New 2.88% variable rate (2.90% comparison rate*)

  • $0 application or ongoing fees

  • Unlimited free extra repayments and redraw facility

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

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 >>


Suncorp Fixed Home Loan Special Offer
  • 2.89% fixed rate for 3 years (3.70% comparison rate*)

  • Free extra repayments - up to $500 each month

  • $2,000 cashback bonus - limited time offer

Expert verdict

The Home Package Plus home loan from Suncorp is rewarding its borrowers with a crazily low interest rate, together with the security of a fixed rate for 3 years. But that’s not all, you’ll also score a $2,000 cash bonus when you take out a loan of $250,000 or more (T&Cs apply). Complete with no loan establishment fee and up to $500/month extra repayments, this winner of the 2019 Mozo Experts Choice Awards for best Fixed Rate Home Loan is a must-see.

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


Tic:Toc Variable Home Loan
  • 2.84% variable rate (2.85% comparison rate*)

  • As little as 10% deposit required

  • 2019 Mozo Experts Choice Online Lender of the Year

Expert verdict

Winner of the Mozo Experts Choice Online Lender of 2019 award, Tic:Toc is transforming the home loans process with a super streamlined 100% online approval process and simple, great value home loans. The Tic:Toc Variable Home Loan offers all of the features you want (think ultra low rate, free extra repayments and redraw plus an optional offset account) and none you don't, like annoying fees. 

Where do I get it? Head over to Tic:Toc 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

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 >>


UBank UHomeLoan
  • 2.69% fixed rate for 3 years (3.37% comparison rate*)

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

  • Fast and easy online application process

Expert verdict

With a fast and easy application process, a sub 3.00% rate for 3 years and the flexibility to make free additional repayments up to $20,000 a year, this little gem could be a great choice for borrowers who want the security of fixed repayments as well as the flexibility to pay the loan off faster. UBank is backed by NAB and has home loan experts on tap to help you through the online application process.

Where do I get it? Head over to UBank 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.

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. 

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