passes on the full rate cut, now offers mortgage rates as low as 3.03%

It’s been three days since the RBA announced another cut to the official cash rate, but so far most lenders who’ve made a move have decided against passing on the full 0.25% cut. 

This afternoon, however, will be bucking the trend. The online lender announced it will be passing on the cut in full to its variable home loan customers, effective immediately.

The changes will apply to both new and existing customers, and will see owner occupiers looking at rates as low as 3.03% (3.05% p.a. comparison rate*) - among the more impressive on the market. Below, we’ve compiled some stellar home loans for you to check out. - Essentials Variable 90
  • Rates from 3.19% p.a. (3.21% p.a. comparison rate*)
  • 2019 Mozo Experts Choice Awards Winner*
  • Free extra repayments and redraw facility
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With competitive rates starting from 3.19% (3.21% p.a. comparison rate*), the 2019 Mozo Experts Choice winning Essentials Variable loan is all about helping borrowers take out a mortgage for less. But the potential savings don’t stop there. Borrowers won’t need to pay any application or ongoing service fee, plus the loan also allows extra repayments and a free redraw facility. - Smart Home Loan 80
  • Competitive 3.03% p.a. (3.05% p.a. comparison rate*)
  • No application or ongoing fees
  • Free extra repayments and redraw facility
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Speaking of low rates, the Smart Home Loan from goes even further, delivering borrowers seriously low interest rates from just 3.03% p.a. (3.05% p.a. comparison rate*) for loans between $50,000 and $1,000,000. Borrowers will be able to reduce their repayments even further by making use of the free extra repayments option and even withdraw them if they need to using the redraw facility. - ZIP Home Loan
  • 3.23% p.a. interest rate (3.25% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • Zip Card visa debit card option (2019 Mozo Experts Choice Best New Feature Award*)
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There’s plenty to like about the ZIP Home Loan, starting with a low interest rate from just 3.23% p.a. interest rate (3.25% p.a. comparison rate*) and the ability to make free extra repayments. Plus the loan comes with the added bonus of an attached Visa debit card that gives you access to a $5,000 credit facility that’s both fee and interest free! And did we mention that the Zip Card took out a 2019 Mozo Experts Choice Home Loan Award for Best New Feature? - Smart Home Loan with Offset 80
  • Interest rates from 3.27% p.a. (3.29% p.a. comparison rate*)
  • Offset account to help you save on interest
  • Available for investors and owner occupiers
  • Borrow up to 90% of property value
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In need of a home loan that combines a competitive interest rate and an offset account? Meet the Offset Variable home loan from Not only will you be able to take advantage of a low variable interest rate starting from 3.27% p.a. (3.29% p.a. comparison rate*), you can reduce your repayments by stashing any extra cash in the free offset account.

We’ll be keeping track of key lenders that have made cuts on our Naughty or Nice table, so be sure to visit to see what your lender has decides. And all this talk of cuts has you wondering how low rates have gotten, head over to our variable rate home loan comparison tables for an idea.

*Learn more about the Mozo Experts Choice Awards

* 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

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