Stop the big bank home loan rip off: Here’s how
The RBA has cut rates for the third time this year and once again the big banks are failing to pass the full cut through to mortgage holders. What's more, the big 4 banks’ rate cut tactics have seen them pocket a $4.7 billion windfall since 2016, research by Mozo reveals.
The simple fact is the banks have shareholders to placate and old-fashioned businesses that are expensive to run. As a result, home loan customers of the Big 4 often pay higher interest rates than they could get elsewhere, to help the banks run their expensive businesses!
The good news is you don’t have to cop it on the chin. Online lenders are leading the downwards rate trend and the likes of UBank, Athena and Homestar have all announced they are passing on the October rate cut in full. These lenders have lower cost online businesses so they can pass the savings on to customer in the form of lower rates and fees.
If you’re ready to stop paying rip off home loan rates, start by comparing the latest ultra low rate loans in the table below and see how much you could save.
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 13 August 2025
-
Promoted
Discount Fixed Rate
- Fixed rate
- Owner occupier
- Principal & Interest
- 20% min deposit
- Cashback
Go to site- Interest rate
-
4.89
%
p.a.
Fixed 2 years
- Comparison rate
-
5.62
%
p.a.
- Initial monthly repayment
-
$2,651
- $2,000 cashback for new loans (T&Cs apply)
- Up to $10,000 extra repayments annually
- One free residential valuation per application
- interest rate
-
2 years - 4.89% p.a. (5.62% p.a. comparison rate)
3 years - 4.99% p.a. (5.59% p.a. comparison rate)
4 years - 5.29% p.a. (5.64% p.a. comparison rate)
5 years - 5.29% p.a. (5.62% p.a. comparison rate)
- Fixed loan revert rate
-
5.64% p.a.
- Upfront fees
-
$450.00
- Ongoing fees
-
$10.00 monthly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $5,000 p.a
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
$2,000 cashback for new loans refinanced from another lender loans until 30 September 2025 (T&Cs apply).
Read reviews and learn more about Bank of Queensland home loans
Go to site -
Promoted
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
Unloan Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.24
%
p.a.
Variable
- Comparison rate
-
5.15
%
p.a.
- Initial monthly repayment
-
$2,758
- RATE CUT NOW LIVE!
- The first home loan with an increasing discount (conditions apply)
- No application or banking fees
- interest rate
-
5.24% p.a. (5.15% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$0.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$10,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
no
- Other restrictions
-
-
- Other benefits
-
Rate automatically discounted by 0.01% p.a. every year up to a maximum discount of 0.30% p.a..
- Special Offers
-
-
Read reviews and learn more about Unloan home loans
Go to site -
Promoted
Lite Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.54
%
p.a.
Variable
- Comparison rate
-
5.56
%
p.a.
- Initial monthly repayment
-
$2,852
- Earn Virgin Money Points every month
- No ongoing home loan fees
- Make additional repayments and redraw at no extra cost
- interest rate
-
5.54% p.a. (5.56% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$150.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$100.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Valuation costs up to $300 covered.
- Other benefits
-
Earn 1,000 Virgin Money Points per borrower every month. T&Cs apply.
- Special Offers
-
-
Read reviews and learn more about Virgin Money home loans
Go to site -
Promoted
Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 5% min deposit
Go to site- Interest rate
-
5.29
%
p.a.
Fixed 2 years
- Comparison rate
-
5.67
%
p.a.
- Initial monthly repayment
-
$2,773
- No ongoing annual fees
- Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
- Lock in for up to 5 years.
- interest rate
-
1 year - 5.59% p.a. (5.74% p.a. comparison rate)
2 years - 5.29% p.a. (5.67% p.a. comparison rate)
3 years - 5.29% p.a. (5.64% p.a. comparison rate)
4 years - 5.69% p.a. (5.74% p.a. comparison rate)
5 years - 5.69% p.a. (5.74% p.a. comparison rate)
- Fixed loan revert rate
-
5.73% p.a.
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
95.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $25,000 during fixed period
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Additional repayments allowed up to $25,000 during the fixed period.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about BCU Bank home loans
Go to site -
Promoted
Mozo experts choice awards won:
- Investor Home Loan - 2025
Basic Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.63
%
p.a.
Variable
- Comparison rate
-
5.65
%
p.a.
- Initial monthly repayment
-
$2,880
- $3,000 cashback when refinancing $700k+ (T&Cs apply)
- Unlimited free redraw and extra repayments
- No account-keeping or monthly fees
- interest rate
-
5.63% p.a. (5.65% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$450.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$500.00
- Offset account
-
no
- Split account
-
no
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
Receive $3,000 cashback for refinancing existing home loans with a loan size of $700,000 or more, LVR < 80%. Applications from 15 June 2024, settled within 120 days of the loan application date. Not available for refinancing from Bank of Queensland Group.
Read reviews and learn more about ME home loans
Go to site -
Promoted
Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- Interest only
- 20% min deposit
Go to site- Interest rate
-
5.29
%
p.a.
Fixed 2 years
- Comparison rate
-
5.72
%
p.a.
- Initial monthly repayment
-
$2,773
- Free extra repayments of up to $25,000 during the fixed rate period.
- Split loan available
- Weekly, fortnightly, or monthly repayment options
- interest rate
-
1 year - 5.59% p.a. (5.80% p.a. comparison rate)
2 years - 5.29% p.a. (5.72% p.a. comparison rate)
3 years - 5.29% p.a. (5.68% p.a. comparison rate)
4 years - 5.69% p.a. (5.78% p.a. comparison rate)
5 years - 5.69% p.a. (5.77% p.a. comparison rate)
- Fixed loan revert rate
-
5.79% p.a.
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest, Interest Only
- Availability
-
Owner Occupier
- Repayment options
-
Monthly
- Extra repayments
-
yes - free up to $25,000 during fixed period
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Legal and valuation fees charged at cost.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about P&N Bank home loans
Go to site
-
Discount Fixed Rate
- Fixed rate
- Owner occupier
- Principal & Interest
- 20% min deposit
- Cashback
Go to site- Interest rate
-
4.89
%
p.a.
Fixed 2 years
- Comparison rate
-
5.62
%
p.a.
- Initial monthly repayment
-
$2,651
- $2,000 cashback for new loans (T&Cs apply)
- Up to $10,000 extra repayments annually
- One free residential valuation per application
- interest rate
-
2 years - 4.89% p.a. (5.62% p.a. comparison rate)
3 years - 4.99% p.a. (5.59% p.a. comparison rate)
4 years - 5.29% p.a. (5.64% p.a. comparison rate)
5 years - 5.29% p.a. (5.62% p.a. comparison rate)
- Fixed loan revert rate
-
5.64% p.a.
- Upfront fees
-
$450.00
- Ongoing fees
-
$10.00 monthly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $5,000 p.a
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
$2,000 cashback for new loans refinanced from another lender loans until 30 September 2025 (T&Cs apply).
Read reviews and learn more about Bank of Queensland home loans
Go to site -
Mozo experts choice awards won:
- Fixed Rate Home Loan - 2025
Optimum Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
4.99
%
p.a.
Fixed 1 year
- Comparison rate
-
5.99
%
p.a.
- Initial monthly repayment
-
$2,681
- No application, establishment or monthly fees
- Make extra repayments up to $20,000 per year
- Free redraw facility to access additional funds
- interest rate
-
1 year - 4.99% p.a. (5.99% p.a. comparison rate)
2 years - 5.44% p.a. (5.97% p.a. comparison rate)
3 years - 5.34% p.a. (5.89% p.a. comparison rate)
- Fixed loan revert rate
-
6.10% p.a.
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
-
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
-
- maximum borrowing amount
-
$2,500,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $20,000 p.a. during fixed rate term
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$1.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Legal and exit fee at cost. Valuation fee charged at cost, starting from $132.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about SWSbank home loans
Go to site -
Fixed Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 5% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.09
%
p.a.
Fixed 2 years
- Comparison rate
-
5.69
%
p.a.
- Initial monthly repayment
-
$2,712
- Get up to $4,000 cashback (T&Cs apply)
- Up to 12 months repayments in advance without penalties
- Split loan available
- interest rate
-
1 year - 5.39% p.a. (5.77% p.a. comparison rate)
2 years - 5.09% p.a. (5.69% p.a. comparison rate)
3 years - 5.19% p.a. (5.66% p.a. comparison rate)
4 years - 5.59% p.a. (5.77% p.a. comparison rate)
5 years - 5.59% p.a. (5.76% p.a. comparison rate)
- Fixed loan revert rate
-
5.74% p.a.
- Upfront fees
-
$799.00
- Ongoing fees
-
$6.00 monthly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
95.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to 1 year in advance
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$500.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Monthly fee only applies to fixed period of loan.
- Other benefits
-
-
- Special Offers
-
$4,000 cashback for loans $750,000 and above with a maximum LVR of 80%, settled within 90 days of application for refinancers or 180 for purchase loans. $3,000 for loans between $500k and $749k, $2,000 for loans between $250k and $499k.
Read reviews and learn more about IMB Bank home loans
Go to site -
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
Unloan Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.24
%
p.a.
Variable
- Comparison rate
-
5.15
%
p.a.
- Initial monthly repayment
-
$2,758
- RATE CUT NOW LIVE!
- The first home loan with an increasing discount (conditions apply)
- No application or banking fees
- interest rate
-
5.24% p.a. (5.15% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$0.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$0.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$10,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
no
- Other restrictions
-
-
- Other benefits
-
Rate automatically discounted by 0.01% p.a. every year up to a maximum discount of 0.30% p.a..
- Special Offers
-
-
Read reviews and learn more about Unloan home loans
Go to site -
Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 5% min deposit
Go to site- Interest rate
-
5.29
%
p.a.
Fixed 2 years
- Comparison rate
-
5.67
%
p.a.
- Initial monthly repayment
-
$2,773
- No ongoing annual fees
- Make up to $25,000 extra repayments during a fixed period, fee free (T&Cs apply)
- Lock in for up to 5 years.
- interest rate
-
1 year - 5.59% p.a. (5.74% p.a. comparison rate)
2 years - 5.29% p.a. (5.67% p.a. comparison rate)
3 years - 5.29% p.a. (5.64% p.a. comparison rate)
4 years - 5.69% p.a. (5.74% p.a. comparison rate)
5 years - 5.69% p.a. (5.74% p.a. comparison rate)
- Fixed loan revert rate
-
5.73% p.a.
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
95.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free up to $25,000 during fixed period
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Additional repayments allowed up to $25,000 during the fixed period.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about BCU Bank home loans
Go to site -
Fixed Rate Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- Interest only
- 20% min deposit
Go to site- Interest rate
-
5.29
%
p.a.
Fixed 2 years
- Comparison rate
-
5.72
%
p.a.
- Initial monthly repayment
-
$2,773
- Free extra repayments of up to $25,000 during the fixed rate period.
- Split loan available
- Weekly, fortnightly, or monthly repayment options
- interest rate
-
1 year - 5.59% p.a. (5.80% p.a. comparison rate)
2 years - 5.29% p.a. (5.72% p.a. comparison rate)
3 years - 5.29% p.a. (5.68% p.a. comparison rate)
4 years - 5.69% p.a. (5.78% p.a. comparison rate)
5 years - 5.69% p.a. (5.77% p.a. comparison rate)
- Fixed loan revert rate
-
5.79% p.a.
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest, Interest Only
- Availability
-
Owner Occupier
- Repayment options
-
Monthly
- Extra repayments
-
yes - free up to $25,000 during fixed period
- Redraw facility
-
no
- Minimum redraw amount
-
-
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Legal and valuation fees charged at cost.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about P&N Bank home loans
Go to site -
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
- Investor Home Loan - 2025
Discount Great Rate Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.49
%
p.a.
Variable
- Comparison rate
-
5.50
%
p.a.
- Initial monthly repayment
-
$2,836
- 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
- interest rate
-
5.49% p.a. (5.50% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$180.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$300.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Legal fees charged at cost.
- Other benefits
-
-
- Special Offers
-
Apply online cashback offer $2,500 for new loans of $250,000-$499,999 or $3,000 cashback for $500,000 or more for purchases or refinancing, LVR <80%. Up to $2,500 cashback for refinancers or first home buyers for applications made with lenders. T&Cs apply
Read reviews and learn more about Greater Bank home loans
Go to site -
OMG Home Loan
- Owner occupier
- Principal & Interest
- 40% min deposit
- Redraw available
Go to site- Interest rate
-
5.49
%
p.a.
Variable
- Comparison rate
-
5.52
%
p.a.
- Initial monthly repayment
-
$2,836
- No ongoing annual fees
- Pre-approval valid for 3 months
- interest rate
-
5.49% p.a. (5.52% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$300.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$395.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$20,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about BCU Bank home loans
Go to site -
Flex Home Loan
- Fixed rate
- Owner occupier
- Principal & Interest
- 40% min deposit
- Offset available
- Redraw available
Go to site- Interest rate
-
5.53
%
p.a.
Fixed 2 years
- Comparison rate
-
5.86
%
p.a.
- Initial monthly repayment
-
$2,848
- Multiple offset accounts available
- Free extra repayments
- Easy redraw facility
- interest rate
-
1 year - 5.62% p.a. (5.88% p.a. comparison rate)
2 years - 5.53% p.a. (5.86% p.a. comparison rate)
3 years - 5.58% p.a. (5.87% p.a. comparison rate)
5 years - 5.79% p.a. (5.95% p.a. comparison rate)
- Fixed loan revert rate
-
5.64% p.a.
- Upfront fees
-
$250.00
- Ongoing fees
-
$250.00 yearly
- Discharge Fee
-
$300.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
-
- maximum borrowing amount
-
-
- type of mortgage
-
Fixed
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
-
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
If the valuation is over $360, ubank will cover the first $360. Home loans with a term of greater than 30 years will only be available for owner-occupied P&I 80% LVR purchase applications.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about ubank home loans
Go to site -
Lite Variable Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.54
%
p.a.
Variable
- Comparison rate
-
5.56
%
p.a.
- Initial monthly repayment
-
$2,852
- Earn Virgin Money Points every month
- No ongoing home loan fees
- Make additional repayments and redraw at no extra cost
- interest rate
-
5.54% p.a. (5.56% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$150.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$150,000
- maximum borrowing amount
-
-
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$100.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
Valuation costs up to $300 covered.
- Other benefits
-
Earn 1,000 Virgin Money Points per borrower every month. T&Cs apply.
- Special Offers
-
-
Read reviews and learn more about Virgin Money home loans
Go to site -
Budget Home Loan
- Owner occupier
- Principal & Interest
- 20% min deposit
- Redraw available
- Cashback
Go to site- Interest rate
-
5.54
%
p.a.
Variable
- Comparison rate
-
5.57
%
p.a.
- Initial monthly repayment
-
$2,852
- Get up to $4,000 cashback (T&Cs apply)
- Split loan available
- interest rate
-
5.54% p.a. (5.57% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$350.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$10,000
- maximum borrowing amount
-
$5,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$500.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
The $449 application fee is waived for <80% LVR Owner Occupier Principal and Interest loans.
- Special Offers
-
$4,000 cashback for loans $750,000 and above with a maximum LVR of 80%, settled within 90 days of application for refinancers or 180 for purchase loans. $3,000 for loans between $500k and $749k, $2,000 for loans between $250k and $499k.
Read reviews and learn more about IMB Bank home loans
Go to site -
Mozo experts choice awards won:
- First Home Buyer Loan - 2025
Variable Home Loan 90
- Owner occupier
- Principal & Interest
- 10% min deposit
- Offset available
- Redraw available
Go to site- Interest rate
-
5.54
%
p.a.
Variable
- Comparison rate
-
5.58
%
p.a.
- Initial monthly repayment
-
$2,852
- loans.com.au Home Loans has confirmed a rate cut of 0.25% p.a. effective 26 August
- No monthly or ongoing fees
- Option to add an offset for 0.10% p.a.
- interest rate
-
5.54% p.a. (5.58% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$530.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$0.00
- Package
-
-
- Maximum loan to value ratio
-
90.00%
- minimum borrowing amount
-
$50,000
- maximum borrowing amount
-
$2,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$0.00
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
Offset sub-account available for additional +0.10%. $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about loans.com.au home loans
Go to site -
Mozo experts choice awards won:
- Low Cost Home Loan - 2025
- Investor Home Loan - 2025
Everyday Home Loan
- Owner occupier
- Principal & Interest
- Interest only
- 20% min deposit
- Redraw available
Go to site- Interest rate
-
5.54
%
p.a.
Variable
- Comparison rate
-
5.59
%
p.a.
- Initial monthly repayment
-
$2,852
- Access unlimited free redraw on extra repayments
- No monthly account keeping fees
- Option to split your loan (fee applies)
- interest rate
-
5.54% p.a. (5.59% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$600.00
- Ongoing fees
-
$0.00
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
80.00%
- minimum borrowing amount
-
$100,000
- maximum borrowing amount
-
$3,000,000
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest, Interest Only
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$1.00
- Offset account
-
no
- Split account
-
yes
- Other restrictions
-
To be eligible for this rate, a salary credit of $1500 a month must be deposited into a MOVE Bank transaction account. Interest Only monthly repayment available for construction only for a maximum of 12 months
- Other benefits
-
-
- Special Offers
-
-
Read reviews and learn more about MOVE Bank home loans
Go to site -
Loaded Variable Home Loan
- Owner occupier
- Principal & Interest
- 40% min deposit
- Offset available
- Redraw available
Go to site- Interest rate
-
5.59
%
p.a.
Variable
- Comparison rate
-
5.88
%
p.a.
- Initial monthly repayment
-
$2,867
- Earn Virgin Money Points at settlement and every month
- 100% interest offset
- Weekly, fortnightly or monthly repayment flexibility
- interest rate
-
5.59% p.a. (5.88% p.a. comparison rate)
- Fixed loan revert rate
-
n/a
- Upfront fees
-
$150.00
- Ongoing fees
-
$295.00 yearly
- Discharge Fee
-
$350.00
- Package
-
-
- Maximum loan to value ratio
-
60.00%
- minimum borrowing amount
-
$400,000
- maximum borrowing amount
-
$699,999
- type of mortgage
-
Variable
- Repayment types
-
Principal & Interest
- Availability
-
Owner Occupier
- Repayment options
-
Weekly, Fortnightly, Monthly
- Extra repayments
-
yes - free
- Redraw facility
-
yes - free
- Minimum redraw amount
-
$100.00
- Offset account
-
yes
- Split account
-
yes
- Other restrictions
-
-
- Other benefits
-
Earn 2,000 Virgin Money Points per borrower every month. T&Cs apply.
- Special Offers
-
Earn 2,000 Virgin Money Points on settlement for every $10,000 borrowed.
Read reviews and learn more about Virgin Money home loans
Go to site
Your selected home loans
* 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.