Top online mortgage lenders in Australia

The Smart Home Loan’s features read like a laundry list of everything you’d want from a home loan. For starters, it picked up a win for Low Cost Home Loan in last year’s Mozo Experts Choice Awards^ for its competitive 3.04% p.a. variable rate (3.06% p.a. comparison rate*). You’ll also be able to split your loan between fixed and variable interest rates, pay it down faster without penalty, plus access a redraw facility if you ever decide you need those funds back in your pocket. Just be sure to budget for the $220 valuation fee and $300 settlement fee.

A two-time 2019 Mozo Experts Choice Award^ winner for Low Cost Home Loan and Split Home Loan, the UHomeLoan Discount Offer comes with a super low 2.84% variable interest rate (2.84% p.a. comparison rate*) on amounts above $200,000. Homebuyers and refinancers will also appreciate the features on offer, such as the ability to make free extra repayments and access a redraw facility. Just keep in mind that the Discount Offer is only available on new variable rate UHomeLoan applications, so if you’ve already got a UHomeLoan you unfortunately won't be eligible.

After passing on last year’s three RBA rate cuts in full, Homestar’s selection of home loans is looking sharper than ever. Take the Star Essentials Home Loan, whose stellar 2.74% p.a. variable rate (2.77% p.a. comparison rate*) puts it among the best value home loans in our database. Fees have been kept to a minimum, you’ll be able to make free extra repayments, and if you ever want to retrieve those funds you can do so thanks to the free redraw facility. What’s more, it picked up three wins in last year’s Mozo Experts Choice Awards^ for Low Cost Home Loan, Offset Home Loan, and Investor Home Loan. Just keep an eye out for the $248.08 valuation fee and $264 legal fee.

The Well Balanced Home Loan took out a staggering five Mozo Experts Choice Awards^ in 2019, including one for Best New Home Loan. One year later and it’s still as impressive as ever. Variable rates start as low as 2.82% p.a. (2.86% comparison rate*) on loans with an LVR of 80%, there’s plenty of flexibility in how you pay, and for an extra $10 per month you can make use of an offset account. But there are a few fees that come with this one, namely the $250 application fee, $150 settlement fee, $385 legal fee, and $300 discharge fee.

Since it burst onto the scene last year, Athena Home Loans has scored plenty of goodwill among Aussies, thanks to its low interest rates and habit of passing on RBA rate cuts in full. The Variable Home Loan offer, available to homebuyers and refinancers, boasts a 2.84% p.a. variable rate (2.80% p.a. comparison rate*), zero application fees, and a free redraw facility. On top of that, it picked up a Mozo Expert Rated award for two exceptional features: 1. its customer guarantee, which ensures existing customers always get the same great rates as new ones, and 2. its loyalty bonus, which sees loyal customers rewarded with a 0.01% reduction on their interest rate each year for the first five years.