Thinking investment property? Don’t overlook these rival lenders taking on the big banks
In most Australian states and territories, the red hot property market continues and this means that if you've got an investment property in your sights, you'll want to keep mortgage costs as low as possible.
But when you start to compare investment home loans, you might notice that some of the lowest rates don’t come from the big banks such as ANZ, CommBank, NAB and Westpac.
In fact, the average investor loan rate (principal and interest) of the Big Four banks is 6.13% p.a. – that’s 0.89% p.a. higher than the best rate we’ve got in our database at 5.24% p.a.†
It’s typically the top alternative lenders that offer better rates to investors, and they can come with added perks such as loyalty discounts, offset accounts and reward points.
If you’d like to stretch your hard-earned money a little further when buying an investment property, we’ve reviewed and rounded up some of the providers with competitive investment loans for you to consider.
Low variable rate investment loans
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Unloan Variable Home Loan
- New rate drop: 5.39% p.a. starting variable rate (5.30% p.a. comparison rate*)
- Get a 0.01% p.a. discount every year for 30 years
- Backed by CommBank
- Doesn’t come with an offset account
No other investor home loan in our database comes with an automatic loyalty discount, and it’s one aspect that makes Unloan stand out. That means on top of Unloan’s already low rate, you benefit from an automatic 0.01% p.a. discount for every year of your loan.
While this investor loan doesn’t include an offset account, you can make extra repayments and access them later with free redraw. Unloan also helps you save money by not charging application or account keeping fees.
Unloan’s variable rate of 5.39% p.a. (5.30% p.a. comparison rate*) is available with a loan-to-value ratio (LVR) of up to 80%, but the lender does offer investor loans for up to 90% LVR at a higher rate.
Virgin Money Lite Home Loan (Investment)
- 5.39% p.a. variable rate (5.41% p.a. comparison rate*)
- Earn Virgin Money Points for paying your investment loan
- Fee-free redraw
Virgin Money’s investment loan is one that rewards you just for paying it off – you’ll get 1,000 Virgin Money Points every month if you make your repayment on time. On top of this bonus, you get the benefit of a low variable rate at 5.39% p.a. (5.41% p.a. comparison rate*) if you have an LVR of 80% or less.
There’s a relatively small upfront fee of $150, but there are no ongoing fees after that. You also don’t get access to an offset account with Virgin Money’s Lite Home Loan, but it is available on the provider’s Loaded Home Loan (though be prepared for a higher rate).
Loans.com.au Variable Investor Home Loan
- New rate drop: 5.59% p.a. variable rate (5.63% p.a. comparison rate*)
- No application or monthly fees
- Minimum deposit of 10%
- Optional offset account costs extra
If you have a smaller deposit or equity for your investment property, Loans.com.au offers a loan that allows you to borrow up to 90% of the property’s value. High LVRs typically come with higher interest rates, but this loan is one of the lower options in our database with a variable of 5.59% p.a. (5.63% p.a. comparison rate*).
† Source: Mozo database on 26 November, 2025. Variable investment home loan rates with 80% LVR, making principal and interest repayments on a $500,000 loan over 25 years.
* 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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