Homeloans360 logo

Homeloans360 Owner Variable

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 70%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 75%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $5,000,000 with an LVR below 80%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 60%-70%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 70%-75%

    Loan: $100,000 $5,000,000

  • Owner Occupier (Principal & Interest)

    LVR 75%-80%

    Loan: $100,000 $5,000,000

Rate
1.94% p.a.
Comparison Rate
1.94% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.04% p.a.
Comparison Rate
2.04% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.14% p.a.
Comparison Rate
2.09% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.19% p.a.
Comparison Rate
2.19% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review Homeloans360 Owner Variable

Last updated: 19 March 2021.

5 / 5
binocular icon
What's hot
  • Rates starting from 1.94% p.a. (1.95% p.a. comparison rate*)
  • Free extra repayments and redraw facility
  • Free offset account
What's not
  • $300 discharge fee
Mozo snapshot

The Homeloans360 Owner Variable offers some seriously competitive interest rates depending on your LVR. Owner occupiers with an LVR below 60% will be treated to a low 1.94% p.a. variable rate (1.95% p.a. comparison rate*), but even if your LVR skews higher you’ll still be able to access a great deal. Beyond the pricing, there are plenty of features to help you save on interest, including an offset account and the ability to make free extra repayments.

key icon
Key features

The Homeloans360 Owner Variable has left very little off the table, offering owner occupiers  interest rates as low as 1.94% p.a. (1.95% p.a. comparison rate*), along with a range of handy features. Pricing varies according to your loan-to-value ratio, meaning you’ll be able to access lower interest rates if you have a larger deposit.

  • Mega Saver LVR >60%: 1.94% p.a. variable rate (1.95% p.a. comparison rate*)

  • Gold LVR 60-70%: 2.04% p.a. variable rate (2.05% p.a. comparison rate*)

  • Prime 70-75%: 2.14% p.a. variable rate (2.09% p.a. comparison rate*)

  • Hero 75-80%: 2.19% p.a. variable rate (2.19% p.a. comparison rate*)

Borrowers will be able to make repayments weekly, fortnightly or monthly, and extra repayments can be made without incurring any penalties. A redraw facility is also available in case your circumstances change and you feel those extra funds would be better served back in your pocket.

The loan also comes with an offset account, which can help decrease the amount of interest paid over the life of the loan if utilised correctly. And if you can’t decide between a fixed or variable rate, you can opt to split your loan - allowing you to hedge against any future rate hikes. 

snapshot
Who is it good for

This product would suit borrowers looking to take advantage of a low variable rate home loan with a wide range of features. Given that lower interest rates are available on low LVR loans, those with a large deposit saved up and refinancers who have built up enough equity in their home stand to benefit the most.

question icon
Any catches

While fees have been kept to a minimum Homeloans360 Owner Variable, there is still a $300 discharge fee you’ll have to budget for.

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis is a finance journalist at Mozo specialising in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dives into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 17 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 1.94% p.a.

  • n/a

  • n/a

  • n/a

  • 1.94% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • $5,000,000

  • none

  • 60.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1.00

  • yes

  • yes

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 17 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.04% p.a.

  • n/a

  • n/a

  • n/a

  • 2.04% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • $5,000,000

  • 60.00%

  • 70.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1.00

  • yes

  • yes

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 17 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.14% p.a.

  • n/a

  • n/a

  • n/a

  • 2.09% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • $5,000,000

  • 70.00%

  • 75.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1.00

  • yes

  • yes

  • none

  • none

  • none

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.

Details

Rates and fees information correct as at 17 April 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 2.19% p.a.

  • n/a

  • n/a

  • n/a

  • 2.19% p.a.

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

  • n/a

Fees
  • $0.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $300.00

Other financial bits
  • $100,000

  • $5,000,000

  • 75.00%

  • 80.00%

Features
  • Owner Occupier

  • Principal & Interest

  • Weekly, Fortnightly, Monthly

  • yes - free

  • none

  • yes - free

  • $1.00

  • yes

  • yes

  • none

  • none

  • none

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.

Customer Reviews

This product is not currently reviewed.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for Tic:Toc

Tic:Toc

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.15% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced

2.17% p.a. variable

2.20% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

Thumbnail icon for Bank of Queensland

Bank of Queensland

Fixed Rate

1.94% p.a.
fixed 3 years

2.97% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a. variable

2.47% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.19% p.a.
fixed 3 years

2.53% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a. variable

2.19% p.a.

Thumbnail icon for Tic:Toc

Tic:Toc

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.15% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

Thumbnail icon for homeloans.com.au

homeloans.com.au

Low Rate Home Loan

2.14% p.a. variable

2.16% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

Thumbnail icon for 86 400

86 400

Neat Home Loan

2.19% p.a. variable

2.20% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Smart Booster Home Loan

1.99% p.a.variable for 12 months and then 2.48% p.a.

2.47% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan

2.64% p.a.

2.64% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan - Discount Offer

2.34% p.a.

2.34% p.a.

Thumbnail icon for Athena

Athena

AcceleRATES Variable Home Loan

2.19% p.a.

2.19% p.a.

Thumbnail icon for homeloans.com.au

homeloans.com.au

Low Rate Home Loan

2.14% p.a.

2.16% p.a.

Thumbnail icon for Suncorp

Suncorp

Back to Basics

2.44% p.a.

2.45% p.a.

Thumbnail icon for Homestar

Homestar

Star Gold Home Loan

1.79% p.a.

1.84% p.a.

Thumbnail icon for Yard

Yard

Variable Home Loan Special

2.09% p.a.

2.12% p.a.

Thumbnail icon for loans.com.au

loans.com.au

Fixed Home Loan

1.99% p.a.
fixed 3 years

2.70% p.a.

Thumbnail icon for UBank

UBank

UHomeLoan (Fixed)

1.75% p.a.
fixed 3 years

2.22% p.a.

Thumbnail icon for Macquarie

Macquarie

Basic Home Loan (Fixed)

2.09% p.a.
fixed 3 years

2.43% p.a.

Thumbnail icon for Newcastle Permanent

Newcastle Permanent

Fixed Rate Home Loan (Premium Plus Package)

1.98% p.a.
fixed 3 years

3.56% p.a.

Thumbnail icon for HSBC

HSBC

Fixed Rate Home Loan (Home Loan Package)

2.09% p.a.
fixed 3 years

2.86% p.a.

Thumbnail icon for Homestar

Homestar

Star Classic Fixed Home Loan

n/a

n/a

Thumbnail icon for People's Choice Credit Union

People's Choice Credit Union

Fixed Rate Home Loan (Package)

1.89% p.a.
fixed 3 years

3.03% p.a.

Thumbnail icon for Well Home Loans

Well Home Loans

Well Balanced Fixed

2.04% p.a.
fixed 3 years

2.17% p.a.

Thumbnail icon for Homestar

Homestar

Star Gold Home Loan

1.79% p.a.

1.84% p.a.

$0.00

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.