Crush your mortgage in 2019 with these top value home loans


17 Oct 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

Promoted Smart Home Loan
  • New 2.88% variable rate (2.90% comparison rate*)

  • $0 application or ongoing fees

  • Unlimited free extra repayments and redraw facility

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*) - Apply now to get this rate from 29 Oct

  • $0 annual or upfront application fee

  • Free extra repayments and redraw facility

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 >>


HSBC Discounted Home Value Loan
  • New 3.02% variable rate (3.04% p.a. comparison rate*) - Apply now to get this rate from 21 October

  • No upfront or ongoing fees

  • Borrow with as little as 10% deposit

Our verdict

HSBC has come out with a superb value home loan 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 >>


ME Flexible Home Loan
  • 3.34% variable rate (3.78% comparison rate*)

  • No valuation fees, fixed or split loan fees or top up fees

  • Free 100% offset account

Want a low rate home loan with all the flexible features you'd expect from a bank? Then take a look at ME Bank's Flexible Home Loan Member Package. For an annual fee of $395, you'll enjoy a discounted rate for the life of your loan, the freedom to split your loan between variable and fixed rates, free redraw and a 100% offset account to help you save even more. And if you need help with the loan process, ME's home loan specialists will meet you at a time and place that suits you.

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


Athena Variable Home Loan
  • 2.84% variable rate (2.80% comparison rate*)

  • Free extra repayments and redraw facility

  • No upfront or ongoing fees

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. Just keep in mind, if you’re a first home buyer, you won’t be able to get this loan as it’s only for refinancers, living in capital or major regional cities.

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


UBank UHomeLoan
  • 2.69% fixed rate for 3 years (3.37% comparison rate*)

  • Free extra repayments up to $20,000 p.a.

  • Fast and easy online application process

Our verdict

Want to lock in an ultra low home loan rate but loathe the hassle of a long home loan application process? Calling UBank to the rescue! The UBank 3 year fixed rate UHomeLoan could be a great choice for borrowers who like the stability of a fixed rate and a super-speedy application process. It comes with conveniently flexible repayment options and the ability to make free extra repayments up to $20,000 each year so you can pay off your loan faster. 

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


Well Home Loans Well Balanced
  • 2.82% variable rate (2.86% comparison rate*)

  • Free extra repayments and redraw facility

  • Multiple 2019 Mozo Experts Choice Award winner

Our verdict

Winner of a Mozo Experts Choice Award 2019 for the Best New Home Loan, the Well Home Loans Well Balanced home loan is superbly balanced! Featuring one of the lowest rates in the market and reduced fees, it’s no wonder this home loan is turning heads! You’ll also get free extra repayments, redraw and the option for a split account, so you can tailor your loan to suit you.

Where do I get it? Head over to Well 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 the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. 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.

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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