Top online mortgage lenders in Australia
16 Nov 2020

Nowadays, more and more Australians are turning to online lenders when taking out a mortgage, and it’s proving to be a pretty wise financial decision. Speedy online applications, super efficient approval processes, and best of all, low interest rates — these are just some of the advantages that online lenders have over the major banks.
But with the playing field as packed as it is, it can be difficult to know where to start. That’s where the Mozo Experts Choice Awards^ come in. Each year, our team of data wizards pore over hundreds of products to determine which ones offer the best value and the most useful features. Among this year’s winners, online lenders were quite well-represented.
So whether you’re taking your first steps up the property ladder or looking to refinance to a better loan, online lenders are well worth a look. We’ve compiled just a few 2020 Mozo Experts Choice Award winners below to help you in your search.
loans.com.au Smart Home Loan 80

Competitive 2.48% p.a. variable rate (2.50% p.a. comparison rate*)
No ongoing fees
Redraw facility available
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 in the Low Cost Home Loan category in this year’s Mozo Experts Choice Awards for its competitive 2.48% p.a. variable rate (2.50% 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 free redraw facility if you ever decide you need those funds back in your pocket. Borrow up to $1 million. Minimum 20% deposit.
UBank UHomeLoan - Discount Offer

New 2.34% p.a. variable and comparison rate* - apply now to get this rate from 29 November
Free extra repayments and redraw facility
No annual fees
With a new super low 2.34% variable interest rate (2.34% p.a. comparison rate*) on amounts above $100,000, the UHomeLoan Discount Offer was an obvious choice in this year’s Mozo Experts Choice Awards. 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 to borrowers with a minimum 20% deposit.
Athena Celebrate Variable Home Loan

New 2.19% variable rate (2.19% comparison rate*)
Zero Athena fees plus free extra repayments and redraw
Double Mozo Experts Choice Winner 2020
Since it burst onto the scene last year, Athena Home Loans has scored plenty of goodwill with Aussies thanks to its low interest rates and habit of passing on RBA rate cuts in full. The Athena Celebrate Variable Home Loan offers the same great rates to both new and existing borrowers, and as an added bonus to reward borrowers for paying down their home loan, they will now automatically lower your rate as you pay down your loan. It's available to refinancers and new borrowers purchasing in capital or major regional cities.
Where do I get it? Head over to Athena to find out more >>
^See information about the Mozo Experts Choice Home loans Awards
Want to see how the above selection stack up against other offers on the market? Be sure to visit our home loan comparison page, where you’ll be able to filter your search by rate and type.
^Find out more about the Mozo Experts Choice Awards, including the full list of winners and how they were determined.
Calculate your home loan repayments
We can show you the monthly repayment amount for a range of loans