Crush your mortgage in 2019 with these top value home loans

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 - Smart Home Loan 80
  • New 2.88% variable rate (2.90% comparison rate*)
  • $0 application or ongoing fees
  • Unlimited free extra repayments and redraw facility
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Our verdict

Popular online lender is a perennial award winner, and 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 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 >>

UBank - UHomeLoan - Discount Offer
  • New 2.84% variable rate (2.84% comparison rate*)
  • $0 annual or upfront application fee
  • Free extra repayments and redraw facility
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Our verdict

With a 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 competitively low variable and comparison 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 >>

Homestar - Star Essentials Home Loan
  • 2.74% p.a. variable rate (2.77% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • No monthly or ongoing account fees
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Our verdict

As one of Australia's oldest non-bank lenders, Homestar knows how to do affordable home loans. The new Star Essentials Home Loan is no exception, boasting one of the lowest variable rates on the market and a number of handy features including unrestricted extra repayments, free online redraws and a split loan option. If you're an owner occupier with at least 20% deposit, the Star Essentials loan offers plenty to get excited about. 

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

Athena - Liberate Variable Home Loan
  • 2.84% variable rate (2.80% comparison rate*)
  • Free extra repayments and redraw facility
  • No upfront or ongoing fees
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Our verdict

Athena makes it easy to save on your mortgage with their new Athena Variable Home Loan. The competitive refinance mortgage features a super-low variable rate and no application, valuation or ongoing fees. But don’t think the great features end there, the loan also offers free extra repayments and a free redraw facility. Originally only for refinancers, this mortgage is now also on offer to home buyers buying an established property in a  capital or major regional city.

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

Newcastle Permanent - Special Real Deal Home Loan
  • 3.19% variable rate (3.23% comparison rate*)
  • Mozo Experts Choice First Home Buyer Loan Award winner
  • Partial offset account available
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Our verdict

If you’re serious about scoring a great home loan, the Newcastle Permanent Real Deal Home Loan is one to look twice at. Featuring a low variable rate, no upfront application or ongoing service fees and plenty of flexible features like the option to make free extra repayments, split your loan between fixed and variable rates and use a partial offset account, it’s hard to go past.

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

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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.

* 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.

^See information about the Mozo Experts Choice Home Loan Awards

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.