Home Loan Comparison

Here is a list of the best home loans in Australia. Compare home loan rates, fees and features from the leading Australian lenders.

G&C Mutual Bank
Momentum Home Loan
Owner Occupied Special Offer, P&I
Variable rate: 5.90% p.a.
Comparison rate: 5.93% p.a.
LVR ≤60%
No establishment fee
Unlimited extra repayments

Bendigo Bank
Express Home Loan
Live-in variable, Principal & Interest
Variable rate: 6.01% p.a.
Comparison rate: 6.14% p.a.
Loan-to-value ratio (LVR) ≤ 90%
Fast online approval or pre-approval
New home loans only

AMP Bank
Essential Home Loan
Owner occupier, P&I
Variable rate: 6.18% p.a.
Comparison rate: 6.21% p.a.
Borrowing 80% or less of the property’s value
No application or ongoing service fees

Loans.com.au
Green Home Loan
Owner occupier, P&I
Interest rate: 5.99% p.a.
Comparison rate: 6.51% p.a.
Up to 90% loan-to-value ratio (LVR)
No application, monthly and annual fees

HSBC
Low Interest Mortgage Home Value Loan
Owner occupier, P&I, Promotional offer
Interest rate: 5.99% p.a.*
Comparison rate: 5.99% p.a.
No ongoing or monthly fees
Promotional offer available on new borrowings from $50K
* Excludes LVR above 60%

Qudos Bank
No Frills Variable
Owner occupier, P&I
Interest rate: 6.04% p.a.
Comparison rate: 6.04% p.a.
Up to 70% loan-to-value ratio (LVR)
No application or ongoing service fees

UBank
Neat Variable Rate Home Loan
Owner occupier, principal & interest (P&I)
Rates starting from 6.14% p.a.
Comparison rate: 6.16% p.a.
Loan to value ratio (LVR) up to 60%

Newcastle Permanent Building Society
Real Deal Home Loan
Rates starting from 6.04% p.a.
Comparison rate: 6.08% p.a.
Up to 80% loan-to-value ratio (LVR)
Minimum loan amount: $50,000
Maximum loan term: 30 years
Repayment holiday: Yes
No ongoing service or discharge fees

Heritage Bank
Discount Variable Low Rate Home Loan
Owner occupier, P&I
Interest rate: 5.99% p.a.
Comparison rate: 6.01% p.a.
No monthly administration fee
Free unlimited extra repayments
Free online redraw of payments in advance
Low variable interest rate
Minimum loan amount: $150,000

Yard
Quick & Simple, Online Home Loan
Owner occupier P&I
Interest rate: 6.14% p.a.
Comparison rate: 6.16% p.a.
Up to 60% loan-to-value ratio (LVR)
No ongoing or monthly fees

Bank of Queensland (BOQ)
Economy Variable Home Loan
Principal and Interest
Variable rate: 6.18% p.a.
Comparison rate: 6.33% p.a.
Maximum LVR: 70%
Unlimited Free Redraw: Yes

Macquarie Bank
Basic Home Loan
Variable rate: 6.15% p.a.
Comparison rate: 6.17% p.a.
Maximum LVR: 60%
Application fee: $0
No annual fee
Legal fee: $350
Minimum loan amount: $150,000
Maximum loan amount: $10,000,000

Great Southern Bank
Basic Variable Home Loan
Owner occupier, principal & interest
Discounted rates from 6.14% p.a.
Comparison rate: 6.20% p.a.
LVR 70% or less
$0 establishment fee, $0 security admin fee
No monthly or annual account fees
Unlimited extra repayments
Great Southern Bank is a business name of Credit Union Australia Ltd.

Reduce Home Loans
Economizer Variable
Owner occupier, P&I
Interest rate: 6.29% p.a.
Comparison rate: 6.35% p.a.
Up to 80% loan-to-value ratio (LVR)
Minimum loan amount: $50,000
Maximum loan amount: $3,500,000
No establishment, monthly and annual fees

Teachers Mutual Bank
Your Way Plus Home Loan
Owner occupier, P&I
Interest rate: 6.39% p.a.
Comparison rate: 6.69% p.a.
Variable LVR up to 60%
Minimum loan amount: $150,000
Fee-free redraw on both fixed and variable rate loans
No establishment fee

Pepper Money
Variable Rate Home Loan
Owner occupier, P&I
Variable rate: 6.84%
Comparison rate: 7.02% p.a.
For up to 55% LVR
Credit decision within 2 business days

Last updated February 1, 2025