Australian lenders standard variable interest rates
Information about Australian lenders' standard variable interest rates.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Standard variable interest rates are a benchmark for the ordinary variable rate home loan. Many lenders typically have more competitive variable offers than their standard offer. Some smaller lenders may have fewer products on offer, and their most competitive offer and their "standard" offer may be the same thing.
The following table shows the current standard variable interest rates for the major Australian lenders. The table will be updated any time a lender changes their standard variable rate. Make sure to check back to see if your lender has moved in line with the market.
Compare lenders standard variable rates
Discounted variable rates
While the table above gives a good indication of the base variable rates for a variety of lenders, in all likelihood you'll find yourself paying much less than the advertised standard variable rate. This is because most lenders offer discounts off their standard variable rates. For instance, while Commonwealth Bank's current standard variable rate is 4.55%, the bank's variable rate Extra Home Loan currently carries a rate of 2.69%.
In addition to discounted rates, many lenders also offer introductory variable rates. These loans, often called "honeymoon rates", offer a set discount off the lender's standard variable rate for a set period of time, often 1-2 years. It's important to note, though, that once this period is over the home loan will often revert to the lender's standard variable rate.
How can I find the right home loan for me?
The rates above are a good starting point but there's a lot more to consider when looking for a home loan. Here are some helpful guides and comparison pages for all your mortgage needs:
More guides on Finder
UCapital Unsecured Business Loan
A UCapital unsecured business loan can provide up to $300,000 without security, with repayment terms between 3 and 12 months.
Owner-occupier home loans
Need an owner-occupier home loan? Compare rates, understand home owner tax rules and more.
Pepper Money is an Aussie non-bank lender that offers a vast range of personal loans and home loans to customers Australia-wide. Find out more here.
Lenders reduce rates on top of RBA rate cut
Many mortgage holders don't realise they could save thousands more, with several lenders slashing rates further than the official cut.
RBA rate cut: which lenders are passing on the cut?
The official cash rate is now 0.10%. Here are all the lenders passing on the RBA's November cut to borrowers.
Citibank Ready Credit
The Citibank Ready Credit unsecured revolving line of credit is available with a 3-year introductory rate of 5.9% p.a. on balance transfers.
Refinancing avalanche: Australians to save $389 million
Christmas might be coming early for thousands of borrowers with a home loan, according to Finder, Australia’s most visited comparison site.
Principal and interest home loans
Read Finder's guide to understanding principal and interest home loans.
Pepper Money No Fee Personal Loan Review
Find out more about Pepper Money's no fee personal loan and benefit from a competitive rate from 6.95% p.a., zero fees and loan terms of up to 7 years.
With interest rates so low, are savings accounts still worth it?
Interest rates on Australian savings accounts are at record lows, but there are a few key benefits to keeping cash in a savings account.
Home Loan OffersImportant Information*
Up to $3,000 refinance cashback. A flexible and competitive variable rate loan. Eligible borrowers refinancing $250,000 or more can get $2,000 cashback per property plus a bonus $1,000 for their first application. Other conditions apply.
Up to $4,000 refinance cashback. With this competitive variable rate loan from St.George, refinancers borrowing $250,000+ can get up $4,000 cashback and borrow up to 90% of the property's value. (Terms, conditions & exclusions apply).
A competitive variable rate mortgage for owner occupiers $0 application and $0 ongoing fees. This interest rate falls over time as you pay off the loan.
Ask an Expert