Rate cut party continues as lenders slash fixed rates


14 Nov 2019

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The home loan rate cut party is alive and kicking, as lenders big and small drop fixed rates to gob-smacking new lows, despite the Reserve Bank's decision to keep the cash rate on hold for the time being.

Popular bank and non-bank lenders like ANZ, Suncorp, loans.com.au and UBank have all cut fixed rates in recent weeks, giving borrowers the opportunity to secure peace of mind over their mortgage repayments by locking in amazingly low rates well below 2.90% for two or even three years.

The super sharp fixed rates now on offer now match the ultra low variable rates we've been seeing since the Reserve Bank cut the offical cash rate in October, making now the perfect time to review the fixed and variable deals on offer to see how much you could be saving on your home loan. 

So if you'd like to crush your mortgage in 2019 and beyond, take a look at some of the top deals on the market right now and get switching!


loans.com.au Smart Home Loan 80
  • 2.88% variable rate (2.90% comparison rate*)

  • $0 application or ongoing fees

  • Unlimited free extra repayments and redraw facility

Dreaming of an easy to apply for loan that offers big savings? The Smart Home Loan could be your answer. loans.com.au nails it with one of the lowest variable rates on the market, plus no application or ongoing fees, unlimited extra repayments, free redraws and a breezy online application process. With all this value on offer, it's wonder loans.com.au is a perennial winner of the Mozo Experts Choice Best Low Cost Home Loan Award.

Where do I get itHead over to loans.com.au to find out more >>

Tic:Toc Variable Home Loan
  • 2.84% variable rate (2.85% comparison rate*)

  • Optional offset account for $10 / month

  • 2019 Mozo Experts Choice Online Lender of the Year

If you like the convenience of managing your mortgage online, then why not do it with one the best? Tic:Toc is the 2019 Mozo Experts Choice Online Lender of the Year, and its variable rate home loan offers up an attractively low interest rate, no application or ongoing service fees and an optional offset account to help you save on interest. In addition, you can pay your loan off faster with free additional repayments.

Where do I get it? Head over to Tic:Toc to find out more >>


UBank UHomeLoan
  • 2.69% fixed rate for 3 years (3.19% comparison rate*)

  • Free extra repayments up to $20,000 p.a.

  • Flexible repayment options

Want to lock in a super low home loan rate but loathe the hassle of a long home loan application process? Calling UBank to the rescue! The UBank 3 year fixed rate UHomeLoan has a market smashing rate and a super speedy online application process that will have you on your way to mortgage repayments peace of mind in no time. It comes with conveniently flexible repayment options and the ability to make free extra repayments up to $20,000 each year so you can pay off your loan faster.

Where do I get it? Head over to UBank to find out more >>

Suncorp Fixed Home Loan Special Offer
  • 2.89% fixed rate for 3 years (3.70% comparison rate*)

  • Free extra repayments - up to $500 each month

  • $2,000 cashback bonus - limited time offer

Suncorp is delivering incredible value here with one of the lowest fixed rates in the Mozo database plus a $2,000 cash bonus when you take out a loan of $250,000 or more (T&Cs apply). Not only will you get peace of mind over your mortgage repayments for 3 years, you can also choose to make extra repayments of up to $500 a month to pay down your loan faster. Oh, and did we mention there's $0 loan establishment fee? Be quick, as this offer is available for a limited time only.

Where do I get it? Head over to Suncorp to find out more >>

ANZ Fixed Rate
  • 2.98% fixed rate for 2 years (4.45% comparison rate*)

  • $2,500 cashback on eligible refinanced loans of $250K+

  • No upfront fees

Proving that big banks can be competitive, ANZ is offering borrowers the opportunity to lock in below 3.00% for 3 years plus receive a generous $2,500 cash reward for switching. What's more, you'll pay $0 ongoing service fees and have the opportunity to make extra repayments for free up to the annual limit. To take advantage of this limited time offer, you just need to refinance an eligible home loan of $250,000 or more by 31 January 2020 (T&Cs apply). 

Where do I get it? Head over to ANZ to find out more >>

*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 the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. 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 loans Awards

Want to compare more home loans? View the latest mortgage rates from over 80 lenders at Mozo's home loan comparison hub.

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