Crush your mortgage in 2019 with these top value home loans


07 May 2019


If you'd like to save money on your home loan in 2019, you've come to the right place. Finding the right home loan could mean the difference between tens of thousands of dollars in interest saved over the life of a loan, but it can be difficult to pick the best option given the mountain of different lenders and rates available.

Thankfully, with over 50 years of financial services experience between them, the Mozo experts have a serious knack for identifying great value loans. And they used it to compare 436 loans from 85 lenders in the 2019 Mozo Experts Choice Awards, to identify the best value options for Aussie borrowers.

Read on for some of the top low rate home loans on the market and make saving money on your mortgage your top financial priority for 2019.

Mortgage Crushing Home Loans


UBank UHomeLoan - Discount Offer
  • 3.59% variable interest rate (3.59% comparison rate*)

  • $0 annual or upfront application fee

  • Free extra repayments and redraw facility

Our verdict

With a super low interest rate, no fees to apply and no annual service fee, the UBank UHomeLoan is a great budget-friendly option for refinancers that comes with the security of being backed by NAB. The low 3.59% rate is available for loans of $200,000 plus with a minimum deposit or 20% or more, and you can choose monthly, fortnightly or weekly repayments to suit your budget. No wonder it was a slam dunk for a Best Low Cost Home Loan Award.

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

Promoted Smart Home Loan
  • 3.48% variable rate (3.50% comparison rate*)

  • $0 application or ongoing fees

  • Unlimited free extra repayments and redraw facility

Our verdict

Popular online lender is a perennial award winner, with offerings like the brand new Smart Home Loan it's not hard to see why. This ultra low rate, low fee home loan is packed with useful features like free redraw, the ability to make free extra repayments and a split loan option. actually took out the Mozo Experts Choice Award for its Essentials Variable 80 loan, but the brand new Smart Home Loan has an even lower rate and all the same great features as the Essentials, so we'd be crazy not to review it here.

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


ME Flexible Home Loan
  • 3.58% fixed 3 year rate (4.26% comparison rate*)

  • Free extra repayments up to $30,000 during fixed term

  • Split between fixed and variable rate

Our verdict

With this incredibly flexible home loan from ME, you can choose from a range of competitive fixed rate terms starting from 3.58% rate for 3 years, split your loan into fixed and variable portions and access a free offset account on the variable portion. Free repayments of up to $30,000 can be made over the length of the fixed term and redraw is available when you're ahead on your repayments. Oh, and did we mention there are no application or ongoing service fees?

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


HSBC Discounted Home Value Loan
  • 3.69% variable rate (3.70% comparison rate*

  • No upfront or ongoing fees

  • Borrow with as little as 10% deposit

Our verdict

HSBC has come out with a superb value home loan offer here, winning awards for Low Cost Home Loan and First Home Buyer Loan. Not only will you snag a super low interest rate that's discounted for the life of the loan, you'll also pay no application or service fees. Handy features include free extra repayments, a redraw facility and the option to split your loan between fixed and variable rates, plus you'll get a dedicated relationship manager to help you with the application process.

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


Virgin Money Reward Me Variable Rate Home Loan
  • 3.69% variable interest rate (3.83% comparison rate*)

  • 20,000 Velocity Points for every $100,000 drawn at settlement

  • Offset account and free extra repayments available

Our verdict

Get more out of your home loan with the Reward Me Home Loan from Virgin Money. Not only does this loan come with a competitive low rate, but you can also score 20,000 Velocity points for every $100,000 drawn down at settlement - that’s sure to plump up your points stash! A winner in the Mozo Experts Choice Offset Home Loan category, it comes with a full offset account, free extra repayments and a redraw facility.


Homestar Star Essentials Home Loan
  • 3.49% variable interest rate (3.49% comparison rate)

  • Free extra repayments and redraw facility

  • No monthly or ongoing account fees

Our verdict

Homestar, one of the oldest non-bank lenders nationwide, has been providing affordable home loans since 2004. With a number of great features - including unrestricted extra repayments and  free online redraws - plus an ultra low variable rate, the Star Essentials Home Loan gives owner occupiers plenty of reasons to get excited. And if you’re a refinancer borrowing between $200,000 and $750,000, you can expect to have the $250 valuation fee and $265 legal fee waived if you apply by 28 June.

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


Newcastle Permanent Discounted Variable Home Loan
  • 3.89% variable rate (4.27% comparison rate*)

  • $0 application fee ($395 annual fee applies)

  • 100% offset, extra repayments and redraw facilities

Our verdict

The Discounted Variable Home Loan from Mozo’s 2018 Home Lender of the Year, Newcastle Permanent, provides borrowers with the full deal. Together with a low variable rate and no upfront fees, the loan also offers a suite of useful features including a 100% offset account, repayments holiday, extra repayments and a redraw facility. What's more, you can borrow with just 10% deposit.

Where do I get it? Head over to Newcastle Permanent 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 $150,000 over 25 years.

This is just a selection of our Mozo Experts Choice Home Loan winners, announced in 2019. Head over to our dedicated Awards page if you want to see the full list of winners.

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

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Our judges base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity.  Product providers don’t pay to be in the running and we don’t play favourites. Award winners may choose to purchase a licence to use their award in their own marketing and may choose to list products on the Mozo website in a way that may generate revenue for Mozo.

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