trim up to 0.60% off select home loan rates

It’s been over a month since the RBA reduced the official cash rate to 1.00%, but the rate cuts keep coming. 

Online lender recently slashed a host of fixed and variable rate home loan rates for owner occupiers and investors by up to 60 basis points. This follows the decision by to pass on the full July RBA cut to many of its variable rate loans last month. 

Among the largest rate reductions, the Fixed Home Loan 3 year rate for owner occupiers making interest only repayments was slashed by 60 basis points to 3.54% (3.51% comparison rate*). Meanwhile, the Fixed Home Loan 3 year fixed term rate for investors was reduced by 55 basis points to 3.79% (3.83% comparison rate*). 

Check out some of the home loan offers below which were part of the cuts. - Essentials Variable 90
  • Rates from 3.19% (3.21% comparison rate*)
  • No application or ongoing service fee
  • Free extra repayments and redraw facility
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With interest rates as low as 3.19% (3.21% comparison rate*) for owner occupiers, the Essentials Variable home loan lives up to its name as a low rate, no frills option. The Essentials Variable isn’t only for owner occupiers though, as the latest rate cuts from mean that investors making principal and interest payments can snag this offer with rates from just 3.64% (3.66% comparison rate*). What’s more, there are no application or ongoing service fees and borrowers will be able to take advantage of free extra repayments and redraw facility. - Fixed Home Loan
  • 3.19% (3.43% comparison rate*) 3 year fixed rate
  • $0 annual fee
  • Free extra repayments up to $10,000 per year
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The Fixed Home Loan from comes with a number of competitive 1, 2 and 3 year fixed rate options for all kinds of borrowers. Owner occupiers making principal and interest repayments can enjoy a competitive 3 year fixed rate offer from just 3.19% (3.43% comparison rate*), while investors making principal and interest repayments will be able to grab a freshly reduced 3 year fixed rate of 3.59% (3.79% comparison rate*). Add in no annual fees and free extra repayments (up to $10,000 a year) and this could be a fixed rate offer worth comparing. - Smart Home Loan with Offset 80
  • Interest rates from 3.27% (3.29% comparison rate*)
  • Free offset account and extra repayments
  • $0 ongoing service fees
Find out more

Looking for a home loan that offers that little bit extra? Aside from owner occupier rates starting from as little as 3.27% (3.29% comparison rate*), borrowers wanting to reduce their repayments will be able to take advantage of a free offset account and unlimited free extra repayments. The Offset Variable home loan isn’t limited to owner occupiers though, as investors will able to take out a 3.72% rate (3.74% comparison rate*) loan with an LVR below 80% or a rate of 3.94% (3.96% comparison rate*) for loans with an LVR 80-90%.

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Ready to expand your horizons by comparing even more fixed and variable rates home loan offers? Whether you’re an investor or an owner occupier, Mozo’s handy home loan comparison tables could be a great place to view a range of rates all in one place.

* 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.

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