Home loan rate cuts spark refinance frenzy
Aussies looking to save money on their home loan are racing to take advantage of the latest frenzy of home loan rate cuts, as major bank and non-bank lenders compete to slash rates to crazy new lows.
The super sharp rates on offer have created the perfect opportunity for savvy borrowers to shop around and potentially save thousands of dollars a year on their home loan by switching. Top lenders like HSBC, ING, Suncorp, Loans.com.au and UBank have all introduced new low rates in recent weeks, some with lucrative cashback offers to tempt refinancers even further.
With variable home loan rates now starting from under 2.00% and fixed rates hitting new rock bottom lows of close to 2.00%, there's never been a better time to review your current rate against the market. So if you'd like to crush your mortgage in 2020 and beyond, take a look at some of the top deals available right now and get switching!
Top Home Loans - last updated January 16, 2021
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1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Smart Booster Home Loan
1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR
1.99% p.a.variable for 12 months and then 2.48% p.a. variable
2.47% p.a.
Go to siteCompare2.34% p.a. variable
2.34% p.a.
UHomeLoan - Discount Offer
Owner Occupier, Principal & Interest
2.34% p.a. variable
2.34% p.a.
Go to siteCompare2.19% p.a. variable
2.19% p.a.
Celebrate Variable Home Loan
<60% LVR, Owner Occupier, Principal & Interest
2.19% p.a. variable
2.19% p.a.
Go to siteCompare2.04% p.a.
fixed 2 years2.79% p.a.
Special Offer Reward Me Fixed Rate Home Loan
Owner Occupier, LVR <80%, 300k+
2.04% p.a.
fixed 2 years2.79% p.a.
Go to siteCompare2.09% p.a.
fixed 2 years2.56% p.a.
Basic Home Loan
Fixed, Owner Occupier, Principal & Interest, LVR 70-80%
2.09% p.a.
fixed 2 years2.56% p.a.
Go to siteCompare2.19% p.a. variable
2.20% p.a.
Neat Home Loan
Owner Occupier, Principal & Interest, LVR <60%
2.19% p.a. variable
2.20% p.a.
Go to siteCompare1.89% p.a.
fixed 2 years2.94% p.a.
Fixed Home Loan Special Offer
Owner Occupier, Principal & Interest, <80% LVR
1.89% p.a.
fixed 2 years2.94% p.a.
Go to siteCompare1.99% p.a.
fixed 4 years3.52% p.a.
Fixed Rate Home Loan
Owner Occupier, Principal & Interest, Home Loan Package
1.99% p.a.
fixed 4 years3.52% p.a.
Go to siteCompareHot Deal$3,000 cashback when you refinance your home loan to BOQ until 26 February 21
1.99% p.a.
fixed 4 years2.90% p.a.
CompareDetailsDiscount Fixed Rate
Owner Occupier, Principal & Interest, <80% LVR
1.99% p.a.
fixed 4 years2.90% p.a.
Compare1.95% p.a.
fixed 3 years2.27% p.a.
UHomeLoan
Owner Occupier, Principal & Interest
1.95% p.a.
fixed 3 years2.27% p.a.
Go to siteCompare
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