How does NRMA Insurance's new home loan compare to the competition?

By Jack Dona · · 2 min read
Fact Checked
Advertiser disclosure
A young couple stand in front of their new home smiling proudly

Not only can NRMA insure your home, but they can now help you buy one. 

NRMA Insurance’s new home loan product, powered by digital home loan lender Tic:Toc, offers competitive interest rates for owner-occupiers and investors, and the option to include an offset account. 

The standard variable interest rate for the NRMA Insurance home loan is 5.83% p.a. (5.98% p.a. comparison rate*), which is a lower rate than the Big 4 banks are currently offering.

Given online lenders don’t have as many overheads as traditional, brick-and-mortar banks (think branches and employees), the typically lower rates on offer don’t come as a surprise. But how does an NRMA Insurance home loan compare to other digital lenders right now?

What rates are digital lenders offering?

Online home loan lenders are offering the following standard variable rates:   

  • Reduce Home Loans Basic Home Loan | 5.69% p.a. variable rate (5.73% p.a. comparison rate*) 
  • Tic:Toc Variable Home Loan | 5.69% p.a. variable rate (5.70% p.a. comparison rate*)
  • Up Variable Home Loan | 5.90% p.a. variable rate (5.90% p.a. comparison rate*) 
  • Unloan Variable Home Loan | 5.74% p.a. variable rate (5.65% p.a. comparison rate*)
  • Loans.com.au Smart Home Loan 80 | 6.48% p.a. variable rate (6.50% p.a. comparison rate*)
  • ING Mortgage Simplifier | 5.84% p.a. variable rate (5.86% p.a. Comparison rate*)
  • Athena Straight Up Home Loan | 6.14% p.a. variable rate (6.10% p.a. comparison rate*) 
  • Macquarie Basic Home Loan | 5.95% p.a. variable rate (5.97% p.a. comparison rate*). 

Don’t forget to compare home loans from a range of lenders 

Of course, there are plenty of other non-digital lenders out there with competitive home loan interest rates. So, no home loan comparison is complete without looking at the broader picture. 

Mozo has over 460 home loan products in its database to help you compare your options and find a mortgage that fits your needs. Get started by checking out some of the featured home loans below.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can compare more home loans here.
Last updated 5 December 2025 Important disclosures and comparison rate warning*
What are your home loan needs?
Loan purpose
Buying or Refinancing
  • Promoted

    Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • First Home Buyer Loan

    • Owner occupier
    • Principal & Interest
    • 5% min deposit
    • For first home buyers
    • Offset available
    • Redraw available
    Interest rate
    4.99 % p.a.
    Variable
    Comparison rate
    5.04 % p.a.
    Initial monthly repayment
    $2,681
    Go to site
    • Competitive interest rate – 4.99% p.a. (comparison rate* 5.04% p.a.)
    • Offset account to reduce interest and save on repayments
    • No establishment or monthly fees, plus valuation fees waived up to $1,000 (limited time)

  • Unloan Variable Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.10 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • The first home loan with an automatic loyalty discount (conditions apply)
    • No application or banking fees
    • Built by CommBank

  • Discount Great Rate Home Loan

    • Owner occupier
    • Principal & Interest
    • 20% min deposit
    • Redraw available
    • Cashback
    Interest rate
    5.19 % p.a.
    Variable
    Comparison rate
    5.20 % p.a.
    Initial monthly repayment
    $2,742
    Go to site
    • Get up to $3,000 cashback when you apply online (T&Cs apply)
    • No paperwork or payslips required (see site for details)
    • Low variable rate

  • Variable Home Loan 90

    • Owner occupier
    • Principal & Interest
    • 10% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.29 % p.a.
    Variable
    Comparison rate
    5.33 % p.a.
    Initial monthly repayment
    $2,773
    Go to site
    • No monthly or ongoing fees
    • Option to add an offset for 0.10% p.a.

  • Offset Home Loan

    • Owner occupier
    • Principal & Interest
    • 40% min deposit
    • Offset available
    • Redraw available
    Interest rate
    5.39 % p.a.
    Variable
    Comparison rate
    5.42 % p.a.
    Initial monthly repayment
    $2,805
    Go to site
    • No ongoing monthly loan maintenance fees to pay.
    • Pre-approval valid for 3 months
Showing 5 results from 380 home loans. Use the filters to see more

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* 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.

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