Borrower bonanza as lenders cut rates
Mozo
08 May 2019
Aussies looking to save money on their home loan are racing to take advantage of the new wave of discounted home loans hitting the market in recent weeks. Loans.com.au, Tic:Toc, Homestar and ME are just a few of the lenders fighting it out with new low variable and fixed rates right now, and savvy borrowers could save tens of thousands on their home loan by refinancing.
With variable rates plunging below 3.50%, it's no wonder borrowers are acting fast to snap these deals up. So if you'd like to crush your mortgage in 2019, take a look at some of the top deals for refinancers currently on the market and get switching!
TOP HOME LOANS MAY 2019 - rates updated daily
-
Promoted
loans.com.au3.48% p.a. variable
3.50% p.a.
$1234
Product details Close detailsloans.com.auSmart Home Loan
Owner Occupier, Principal & Interest
3.48% p.a. variable
3.50% p.a.
A low-rate home loan that could save you thousands. No application or ongoing fees. Unlimited additional repayments. Unlimited free redraws with no minimum redraw amount.
Smart Home Loan
A low-rate home loan that could save you thousands. No application or ongoing fees. Unlimited additional repayments. Unlimited free redraws with no minimum redraw amount.
-
3.48% p.a. variable
-
3.50% p.a.
-
$520
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$50,000
-
$1,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Smart Home Loan
-
-
Promoted
UBank
3.59% p.a. variable
3.59% p.a.
$1234
Product details Close detailsUBank UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
3.59% p.a. variable
3.59% p.a.
Enjoy a low rate & no bank fees (on variable loans) from one of Australia's leading digital banks. Easy & fast to apply, you'll get free redraw with flexible repayments. Min. 20% deposit required. Winner of a Mozo Experts Choice Award 2019 in the Low Cost Home Loan category.
UHomeLoan - Discount Offer
Enjoy a low rate & no bank fees (on variable loans) from one of Australia's leading digital banks. Easy & fast to apply, you'll get free redraw with flexible repayments. Min. 20% deposit required. Winner of a Mozo Experts Choice Award 2019 in the Low Cost Home Loan category.
-
3.59% p.a. variable
-
3.59% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes
-
no
-
80.00%
-
$200,000
-
$699,999
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the UHomeLoan - Discount Offer
-
-
Promoted
Athena3.59% p.a. variable
3.55% p.a.
$1234
Product details Close detailsAthenaVariable Home Loan
Owner Occupier, Principal & Interest
3.59% p.a. variable
3.55% p.a.
With low rates, no fees, and automatic rate match, new-comer Athena wants you to love them and leave them. Refinance only. Minimum 20% deposit.
Variable Home Loan
With low rates, no fees, and automatic rate match, new-comer Athena wants you to love them and leave them. Refinance only. Minimum 20% deposit.
-
3.59% p.a. variable
-
3.55% p.a.
-
$0
-
$0.00
-
$0.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$100,000
-
$2,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Variable Home Loan
-
-
Promoted
Virgin Money3.69% p.a. variable
3.83% p.a.
$1234
Product details Close detailsVirgin MoneyReward Me Variable Rate Home Loan
Owner Occupier, Principal & Interest, LVR<80%
3.69% p.a. variable
3.83% p.a.
Get competitive rates from 3.69% p.a., 20,000 Velocity Points for every $100,000 drawn at settlement on top of a 100% offset account and free redraw.
Reward Me Variable Rate Home Loan
Get competitive rates from 3.69% p.a., 20,000 Velocity Points for every $100,000 drawn at settlement on top of a 100% offset account and free redraw.
-
3.69% p.a. variable
-
3.83% p.a.
-
$150
-
$10.00 monthly
-
$320.00
-
yes - free
-
yes - free
-
yes
-
80.00%
-
$750,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Reward Me Variable Rate Home Loan
-
-
Promoted
Tic:Toc 3.47% p.a. variable
3.48% p.a.
$1234
Product details Close detailsTic:Toc Variable Home Loan
Owner Occupier, Principal & Interest
3.47% p.a. variable
3.48% p.a.
Get full approval online. Tic:Toc’s award-winning platform could save you thousands with low rates and no application, valuation or settlement fees. Fee free redraws and extra repayments. Add an optional offset account for $10 per month. Mozo Experts Choice Awards - Online Home Lender of the Year 2019
Variable Home Loan
Get full approval online. Tic:Toc’s award-winning platform could save you thousands with low rates and no application, valuation or settlement fees. Fee free redraws and extra repayments. Add an optional offset account for $10 per month. Mozo Experts Choice Awards - Online Home Lender of the Year 2019
-
3.47% p.a. variable
-
3.48% p.a.
-
$0
-
$0.00
-
$325.00
-
yes - free
-
yes - free
-
Optional - $10 per month
-
90.00%
-
$50,000
-
$2,000,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Variable Home Loan
-
-
Promoted
RACQ Bank3.69% p.a. variable
3.69% p.a.
$1234
Product details Close detailsRACQ BankMortgage Saver Special
Owner Occupier, Principal & Interest
3.69% p.a. variable
3.69% p.a.
$0 Establishment fee. Plus 15% off Home & Contents Insurance for the life of the loan with Home Plus. T&Cs apply. QLD Residents only.
Mortgage Saver Special
$0 Establishment fee. Plus 15% off Home & Contents Insurance for the life of the loan with Home Plus. T&Cs apply. QLD Residents only.
-
3.69% p.a. variable
-
3.69% p.a.
-
$0
-
$0.00
-
$297.00
-
yes - free
-
yes - free
-
no
-
95.00%
-
$20,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Mortgage Saver Special
-
-
Promoted
Newcastle Permanent
3.89% p.a. variable
4.29% p.a.
$1234
Product details Close detailsNewcastle Permanent Discounted Variable Home Loan Premium Plus Package
Owner Occupier, Principal & Interest
3.89% p.a. variable
4.29% p.a.
With competitive interest rates for all types of borrowers, no application fees and flexible features like an offset account and redraw facility the Newcastle Permanent Discounted Variable Home Loan (Premium Plus Package) could be a great all round option.
Discounted Variable Home Loan Premium Plus Package
With competitive interest rates for all types of borrowers, no application fees and flexible features like an offset account and redraw facility the Newcastle Permanent Discounted Variable Home Loan (Premium Plus Package) could be a great all round option.
-
3.89% p.a. variable
-
4.29% p.a.
-
$0
-
$395.00 yearly
-
$0.00
-
yes - free
-
yes - free
-
yes
-
90.00%
-
$150,000
-
-
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Discounted Variable Home Loan
-
-
Promoted
Hot Deal Upfront fees waived (Apply by 28 June 2019 – T&Cs apply)
Homestar3.49% p.a. variable
3.49% p.a.
$1234
Product details Close detailsHomestarStar Essentials Home Loan
Owner Occupier, Principal & Interest
3.49% p.a. variable
3.49% p.a.
A super low rate home loan packed with the essentials. No application or ongoing fees. Unlimited additional repayments. Free online redraws when that holiday beckons. For a limited time, refinancers can save more with up to $515 third party upfront fees waived – so get in quick! Loan size $200k to $750k, no construction loan.
Star Essentials Home Loan
A super low rate home loan packed with the essentials. No application or ongoing fees. Unlimited additional repayments. Free online redraws when that holiday beckons. For a limited time, refinancers can save more with up to $515 third party upfront fees waived – so get in quick! Loan size $200k to $750k, no construction loan.
-
3.49% p.a. variable
-
3.49% p.a.
-
$0
-
$0.00
-
$535.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$200,000
-
$749,999
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Star Essentials Home Loan
-
-
Promoted
Mortgage House3.29% p.a. variable
3.36% p.a.
$1234
Product details Close detailsMortgage HouseRed Home Home Loan - Early Bird Special
Owner Occupier, Principal & Interest
3.29% p.a. variable
3.36% p.a.
A Mozo Exclusive rate for loans up to $1.5M with a low 3.29% ongoing variable rate (3.36% comparison rate).
Red Home Home Loan - Early Bird Special
A Mozo Exclusive rate for loans up to $1.5M with a low 3.29% ongoing variable rate (3.36% comparison rate).
-
3.29% p.a. variable
-
3.36% p.a.
-
$940
-
$0.00
-
$500.00
-
yes - free
-
yes - free
-
no
-
80.00%
-
$150,000
-
$1,500,000
-
Variable
-
Principal & Interest
-
Owner Occupier
-
Weekly, Fortnightly, Monthly
Read our Mozo Review to learn more about the Red Home Home Loan - Early Bird Special
-
-
Promoted
Macquarie3.59% p.a.
fixed 3 years3.67% p.a.
$1234
Product details Close detailsMacquarieBasic Home Loan
Fixed, Owner Occupier, Principal & Interest, LVR<70%
3.59% p.a.
fixed 3 years3.67% p.a.
Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.
Basic Home Loan
Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.
-
3.59% p.a.
fixed 3 years -
3.67% p.a.
-
$0
-
$0.00
-
$400.00
-
yes - free
-
yes - free
-
no
-
70.00%
-
$150,000
-
$750,000
-
Fixed
-
Principal & Interest
-
Owner Occupier
-
Monthly
Read our Mozo Review to learn more about the Basic Home Loan
-
Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.
