HSBC and Greater Bank cut home loan rates to new lows
Anyone looking to refinance or take their first steps up the property ladder has a smorgasbord of options available to them nowadays, but two lenders are going out of their way to stand out from the pack. Greater Bank is wowing the market with a record breaking 1 year fixed rate of 1.69% (3.49% comparison rate*) while HSBC has making headlines with a new 2 year fixed rate of 1.88% (2.86% comparison rate*) plus generous cashback offer.
Currently the most generous cashback offer in the Mozo database, HSBC is offering $3,288 cashback to refinancers borrowing $250,000 or more. It's available to new borrowers who apply before 30 April 2021, with at least a 20% deposit. And to sweeten the deal, the usual $600 establishment fee is waived for successful applicants.
Of course, HSBC and Greater Bank aren't the only ones offering headline rates below the 2% mark, and there are some hot offers that home loan hunters would do well to have on their radar. Below we’ve compiled a few options to suit any type of borrower.
NEW LOW 1 YEAR FIXED RATE
Greater Bank Discount Great Rate Home Loan

1.69% fixed rate for 1 year (rate (3.49% p.a. comparison rate*)
Borrow with just 10% deposit
Available to borrowers in NSW, QLD and ACT
This record smashing new 1 year fixed rate from Greater Bank proves there's never been a better time to secure peace of mind over your mortgage repayments. It's available to borrowers with just 10% deposit and its light on fees as well as rates. There are no ongoing fees to pay, and the upfront application fee is just $180. You'll have the option of making extra repayments during the fixed term for an additional fee, and redraw is available. It's available to borrowers with a loan amount of $150,000 or more in NSW, QLD and ACT.
NEW LOW 2 YEAR FIXED RATE
HSBC Fixed Rate Home Loan

1.88% fixed rate for 2 years (2.86% p.a. comparison rate*)
Free extra repayments up to $10,000 a year during fixed term
$3,288 cashback for refinancers - T&Cs apply
This super competitive 2 year fixed rate home loan gives you the security of monthly repayments while still taking advantage of great features like the ability to make free extra repayments up to $10,000 a year. You’ll be able to split your loan between fixed and variable rates, and as the cherry on the cake, there are zero application fees to pay. Available to borrowers with a 20% deposit or more. Plus, refinancers who apply before 30 April could receive a bonus $3,288 cashback (conditions apply).
NEW LOW VARIABLE RATE
86 400 Neat Home Loan

2.19% variable rate (2.20% p.a. comparison rate*)
Free extra repayments and redraw facility
40% deposit required
Looking to refinance to a cheaper home loan to save on interest and pay down your mortgage faster? This ultra competitive new variable rate from online lender 86 400 could be just what you're after. It boasts one of the lowest variable rates on the market, no ongoing fees, free extra repayments and redraw and an upfront fee of just $250. The simple online application process makes it easy to switch and you can make monthly, fortnightly or weekly repayments. Available to borrowers with 40% deposit.
^See information about the Mozo Experts Choice Home loans Awards
Want to see how these home loans stack up against other options on the market? Be sure to visit our home loan comparison page.
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