Variable Rate Home Loans

Variable rate home loans offer some of the cheapest mortgage deals on the market! Many come feature packed with low fees, redraws and extra repayment options. Just make sure you can cover the repayments if rates begin to rise.

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How do I choose the best variable rate loan for me?

It's easy to find the best variable rate home loan at a glance with Mozo. The comparison rate will show you the 'true cost' of each loan including any hidden fees and extra costs. Or, you can try our home loan negotiator service to get help negotiating a better home loan deal.

Will rate changes affect my loan?

The real trick to making the most of a variable loan is to budget for hikes and drops in interest rates when the RBA changes the cash rate. You can find out how rate changes will affect your repayments with our nifty rate change calculator.

How do I apply online for a loan?

That's Easy! Once you've chosen the best loan for you click the blue Go to site button to the right of your favourite variable rate loan and you'll be redirected to an online application form.

Variable rate home loan comparisons on Mozo - rates updated daily

*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, loan amount and term entered. 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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Variable home loan rates Australia

Are you looking for a flexible home loan with low fees, an extra repayments facility and the ability to redraw on that cash? Then a variable rate home loan could be just the ticket.

But that doesn't mean there aren't some catches to watch out for. So to help you navigate the wondrous world of variable home loan rates in Australia we've created this quick cheat sheet.

Are you a first home buyer? We also have a great range of articles, tips and tools designed specifically with first timers in mind. So head on over to our dedicated first home buyers hub for everything you need to know about purchasing your first home and getting your first home loan like a pro.

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Home Loan Reviews

Westpac
Westpac home loan review
Overall
7/10
Great customer service and assistance

I have always assisted with interest rates as I have multiple loans that have been close to best...

I have always assisted with interest rates as I have multiple loans that have been close to best market rates plus recently had a fraud issue and was very impressed with the way it was handled.

Price
6/10
Features
-1/10
Customer service
-1/10
Convenience
-1/10
Trust
-1/10

David | New South Wales

reviewed about 1 month ago

St.George
St.George home loan review
Overall
2/10
Customer service is not their strong point

Being self employed we don't have much choice when it comes to who we can bank with. We would...

Being self employed we don't have much choice when it comes to who we can bank with. We would move to another bank if it were possible.

Price
5/10
Features
4/10
Customer service
1/10
Convenience
5/10
Trust
3/10

Marcia | Western Australia

reviewed about 1 month ago

St.George
St.George home loan review
Overall
2/10
Customer service is not their strong point

Being self employed we don't have much choice when it comes to who we can bank with. We would...

Being self employed we don't have much choice when it comes to who we can bank with. We would move to another bank if it were possible.

Price
5/10
Features
4/10
Customer service
1/10
Convenience
5/10
Trust
3/10

Marcia | Western Australia

reviewed about 1 month ago

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