How to find the cheapest home loan rate

A cheaper home loan can save you thousands. Learn how to find the home loan that's right for you.

Want to save thousands of dollars over the life of your loan?

This guide will give you expert advice on finding the cheapest loan by looking at interest rates, fees, features and loan periods. Or you can start comparing loans in the table below.

Home Loan Offer

loans.com.au Essentials - Variable (Owner Occupier, P&I)

3.52 % p.a.

variable rate

3.54 % p.a.

comparison rate

Home Loan Offer

With the loans.com.au Essentials Variable Home Loan enjoy a home loan with no application or ongoing fees as well as a competitive interest rate. Borrow up to 80% of the property's value. For owner occupiers and principal and interest repayments only.

  • Interest rate of 3.52% p.a.
  • Comparison rate of 3.54% p.a.
  • Application fee of $0
  • Maximum LVR: 80%
  • Minimum borrowing: $50,000
  • Max borrowing: $2,000,000
Go to site
Promoted

Start your search for a cheaper home loan now

Rates last updated February 24th, 2018.

View latest updates

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Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
loans.com.au Essentials - Variable (Owner Occupier, P&I)
A basic home loan with a competitive rate and low fees.
3.52% 3.54% $0 $0 p.a. 80% Go to site More info
Tic:Toc Live in Loan Variable Rate - Principal & Interest
A competitive variable rate product with no application or valuation fees offered by a 100% online lender.
3.52% 3.53% $0 $0 p.a. 80% Go to site More info
HSBC Home Value Loan - Resident Owner Occupier only, P&I
Enjoy a low variable rate with no ongoing fees and borrow up to 90% of the value of the property.
3.59% 3.60% $0 $0 p.a. 90% Go to site More info
Mortgage House Advantage Variable Home Loan - 80 (PAYG Special No Offset)
A home loan with a competitive variable rate, limited fees and plenty of flexibility.
3.64% 3.67% $0 $0 p.a. 80% Enquire now More info
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.49% 4.49% $0 $375 p.a. 90% Go to site More info
3.74% 3.74% $0 $0 p.a. 80% Go to site More info
Homestar Finance Variable Rate Home Loan - Owner Occupier ($1200 cashback)
A variable rate home loan with competitive rate, redraw facility and offset account.
3.54% 3.58% $0 $0 p.a. 80% Go to site More info
Yellow Brick Road Rate Smasher Home Loan
A low interest rate home loan with no application or ongoing fees.
3.58% 3.58% $0 $0 p.a. 70% Enquire now More info
3.64% 3.67% $0 $0 p.a. 80% Go to site More info
IMB Budget Home Loan - Special LVR <=90% (Owner Occupier, P&I)
A special limited time offer for owner occupiers. An IMB Transaction Account must be opened with this loan.
3.69% 3.69% $0 $0 p.a. 90% Go to site More info
loans.com.au Offset Variable - Up to 80% LVR (Owner Occupier P&I)
Take advantage of a 100% offset account along with no annual or application fees.
3.60% 3.62% $0 $0 p.a. 80% Go to site More info
SCU Basic Variable Rate Home Loan
A basic home loan with a low interest rate and a redraw facility available.
3.77% 3.81% $200 $0 p.a. 95% Go to site More info
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I) First Home Buyer Special
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.69% 4.86% $0 $395 p.a. 90% Go to site More info
3.69% 3.69% $0 $0 p.a. 80% Go to site More info
AMP Professional Package Variable Rate Home Loan - $750,000 and above (Owner Occupier, P&I)
A variable package loan for a larger loan size with no monthly fees.
3.59% 3.96% $0 $349 p.a. 90% Enquire now More info
CUA Advance Variable Home Loan - Owner Occupier, P&I
A competitive variable rate home loan with no application fee.
3.65% 3.66% $0 $0 p.a. 90% Go to site More info
Greater Bank Great Rate Home Loan - Discounted Variable ($150K+ Owner Occupier) New Loans only
A competitive variable rate with a redraw facility. NSW, QLD and ACT residents only.
3.74% 3.74% $0 $0 p.a. 90% Go to site More info
Bank Australia Basic Home Loan - Special LVR <80% (Owner Occupier)
A special variable rate home loan with no application or ongoing fees.
3.74% 3.75% $0 $0 p.a. 80% Go to site More info
Greater Bank Great Rate Discount Variable with Family Pledge Home Loan - Up to 110% LVR
Requires a family member to act as guarantor. Discounted rate available with family pledge loans. Family pledge loans require no LMI and no deposit. NSW, Qld and ACT only.
3.74% 3.74% $0 $0 p.a. 110% Go to site More info
Bankwest Complete Home Loan Package Variable - LVR <=90% (Owner Occupier, P&I)
A discounted home loan variable rate that comes with a competitive package, an eligible credit card and an offset transaction account.
3.99% 4.41% $0 $395 p.a. 90% Go to site More info
ClickLoans Basic Home Loan - LVR <70%
A low-rate basic home loan requiring a 30% deposit.
3.64% 3.64% $0 $0 p.a. 70% Go to site More info
Tic:Toc Live in Fixed Rate Home Loan - 1 Year (Owner Occupier, P&I)
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.94% 3.71% $0 $0 p.a. 80% Go to site More info
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I)
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.88% 4.89% $0 $395 p.a. 95% Go to site More info
Newcastle Permanent Building Society Premium Plus Package Home Loan - New Customer Offer ($150,000+ Owner Occupier, P&I)
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
3.64% 4.03% $0 $395 p.a. 80% Go to site More info
St.George - Residential Investment Principal & Interest 2 year fixed loan (with Advantage Package Special Offer)
A package investment loan with a competitive, discounted interest rate and 0 application fees.
3.89% 5.40% $0 $395 p.a. 95% Go to site More info
Tic:Toc Invest Fixed Rate Loan - 1 Year Fixed (Principal & Interest)
Enjoy a fast application process and flexible repayment options with this fixed rate investment loan.
4.11% 4.01% $0 $0 p.a. 80% Go to site More info
ClickLoans Basic Home Loan - LVR <80%
A basic low-rate home loan that still offers some useful features.
3.78% 3.78% $0 $0 p.a. 80% Go to site More info
Mortgage House Advantage Variable Home Loan - LVR 95 Special (Owner Occupier, P&I)
This loan has a high max insured LVR, making it an option for low deposit borrowers.
4.09% 4.12% $0 $0 p.a. 95% Enquire now More info
IMB Platinum Package Fixed Home Loan - 2 Year Fixed (LVR < 90% Owner Occupier)
A 2 years fixed platinum package that has $0 application and a loan redraw facility.
3.65% 4.84% $0 $395 p.a. 90% Go to site More info
ME Basic Home Loan - LVR <=80% (Owner Occupier, P&I)
A low variable rate loan with no application or ongoing fees.
4.09% 4.11% $0 $0 p.a. 80% Go to site More info
State Custodians Low Rate LOC - LVR up to 80% (Owner Occupier, IO)
Access the equity in your home with a competitive interest-only rate and no application fee.
3.94% 3.97% $0 $0 p.a. 80% Go to site More info
HSBC Premier Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier, P&I)
Low fixed rate offer from HSBC. Reverts to a discounted variable rate after the initial term.
3.85% 4.82% $600 $35 monthly ($420 p.a.) 90% Enquire now More info
ME Flexible Home Loan Fixed - 2 Year Fixed Rate (Owner Occupier, P&I)
Get a competitive 2-year fixed rate with no application or ongoing fees.
3.84% 4.83% $0 $0 p.a. 80% Go to site More info
IMB Essentials Home Loan - $300,000+, LVR < 90% (Owner Occupier, P&I)
A competitive variable rate home loan with no ongoing fees.
3.97% 3.97% $0 $0 p.a. 90% Go to site More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Years Fixed (Owner Occupier, P&I)
Enjoy a low interest rate and borrow up to 90% (with LMI) of your property's value.
3.89% 4.87% $0 $0 p.a. 90% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 2 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW, QLD and ACT residents only.
3.69% 4.47% $0 $375 p.a. 90% Go to site More info
Westpac Fixed Options Home Loan Premier Advantage Package - 2 Years, P&I
Refinance from your existing loan and get a $1,250 rebate. Lock in a discounted fixed rate with a low service fee.
3.88% 4.88% $0 $395 p.a. 95% Enquire now More info
Yellow Brick Road Empower Home Loan - 3 Years Fixed LVR ≤ 70%(Owner Occupier P&I)
A competitive 3-year fixed rate loan with a high max insured LVR.
4.09% 3.79% $0 $0 p.a. 95% Enquire now More info
Bank of Melbourne Basic Home Loan - Promotional Rate (Owner Occupiers, P&I)
A basic home loan with a promotional variable interest rate.
3.64% 3.65% $500 $0 p.a. 95% Enquire now More info
St.George Basic Home Loan - Promotional Rate (Owner Occupier, P&I)
A no frills loan with a competitive rate and a maximum LVR of 95%.
3.68% 3.69% $0 $0 p.a. 95% Enquire now More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($750k+ Owner Occupier, P&I)
A competitive variable rate home loan with flexible features. You can earn 30,000 Velocity Points for every $100k you borrow (for a limited time, subject to eligibility requirements).
3.64% 3.78% $0 $10 monthly ($120 p.a.) 80% Enquire now More info
Heritage Bank Discount Variable Home Loan - LVR <=80% (Owner Occupier) New Customers Only
A discounted interest rate home loan with no monthly fees.
3.69% 3.71% $0 $0 p.a. 90% Enquire now More info
Virgin Reward Me Fixed Rate Home Loan - 3 Years $300k+ Special offer (Owner Occupier, P&I)
Get a competitive interest rate for 3 years and a discounted variable rate when the fixed period ends.
3.87% 3.87% $0 $10 monthly ($120 p.a.) 90% Enquire now More info
Aussie Select Basic Variable  -  (LVR <= 70%) (Owner Occupier, P&I)
A competitive rate with no ongoing monthly fees or application fees.
3.79% 3.80% $0 $0 p.a. 80% Enquire now More info
Macquarie Bank Basic Home Loan - LVR up to 70% (Owner Occupier, P&I)
Enjoy a low variable rate with no application and ongoing fees.
3.69% 3.69% $0 $398 p.a. 70% Enquire now More info
ANZ Simplicity PLUS Home Loan - Special Offer (Owner Occupier, P&I)
Enjoy a basic home loan with a high LVR and no application or ongoing fees.
3.99% 4.03% $0 $0 p.a. 95% Enquire now More info
Commonwealth Bank Wealth Package Fixed Home Loan - 2 Year Fixed (Owner Occupier) P&I
A package home loan with fee free extra repayments available during the fixed term.
3.99% 4.99% $0 $395 p.a. 95% Enquire now More info
St.George Fixed Rate Advantage Package -  2 Year Fixed Rate (Owner Occupier, P&I)
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cashback available for refinancers. Conditions apply.
3.85% 4.95% $0 $395 p.a. 95% Enquire now More info
3.68% 3.69% $0 $0 p.a. 90% Enquire now More info
Westpac Flexi First Option Home Loan - 2 Years Introductory Special Offer (New Owner Occupier, P&I)
This competitive introductory rate is a limited time offer for new owner-occupiers
3.59% 4.42% $600 $0 p.a. 95% Enquire now More info
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Cheapest home loan comparisons

* The offers compared on this page are chosen from a range of products finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms "Best" and "Top" are not product ratings and are subject to our disclaimer. The star ratings indicated on this page are from real finder.com.au users based on their feedback about the quality of this page. It is not representative of any product’s star ratings and should not be taken as a recommendation of any form of credit. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

How can I find the cheapest home loan?

The cheapest or lowest home loan rate for you may not be the cheapest home loan for someone else. Everyone is different, so you need to determine which home loan is the cheapest based on your borrowing capacity, your deposit, the features you need and how soon you plan to repay your loan.

The key features to focus on are finding a loan with:

  • A low interest rate
  • Low fees
  • A shorter term
  • Added features

Low interest-rate loans

This is probably what most people have in mind when they they think about finding the cheapest home loan. A low interest rate makes a massive difference to the overall expense of a home loan. Just look below to see how much of a difference it can make in the hypothetical situation below, all things being equal.Cheapest home loans

Typically, low interest rates are offered on basic home loans, or loans from lenders who have been able to reduce their costs, such as online lenders. Sometimes lenders will also offer very low fixed rates as promotions to secure new business. Once the fixed period ends, the rate can revert to a less competitive variable rate, so be sure to ask lenders what their revert rate will potentially be.

Learn more about finding the lowest interest rates

Different types of interest rate

It’s also important to consider the different types of rates on offer:

Standard Variable Rate

This is the standard headline rate on offer from the lender. It can change at any time, based on moves by the Reserve Bank of Australia, the lender’s cost of funds or regulatory change. Have a look at some of the reasons lenders change their rates.finding the cheapest home loan rates

Ongoing Discount Rate

This is a discount off a lender’s headline rate offered to entice borrowers, and can be dependent on factors such as special promotions, the borrower’s credit history and the loan-to-value ratio.

Package loans can also offer discounts in exchange for opening transaction accounts and credit cards with the lender. Bear in mind that they also usually charge an annual fee, so be sure that the discounts outweigh this fee. Some package loans also offer discounted insurance products and fee waivers for other products.

Fixed Rate

These rates remain locked in for a predetermined period, usually one, three or five years. While borrowers can secure some certainty that their home loan repayment won’t rise for the fixed term, fixed rate loans also mean they won’t see the benefit from any downward move on rates.

How can a loan with low fees save me money?

It’s important to look beyond the headline rate when considering a loan. Most loans have upfront fees, ongoing fees and discharge fees associated with them that can cost thousands.

When comparing loans it's a good idea to look at fees and rates together. Some loans may have low interest rates but high ongoing fees, as is the case with most package loans. These home loans charge an annual fee of $200-$400 per year but offer discounted interest rates and upfront fee waivers.

A great way to understand these costs is to look at the comparison rate.

What’s a comparison rate?

A comparison rate gives borrowers an idea of the true cost of a loan. It takes into account both the loan’s interest rate and any associated fees and charges, and expresses this as a single percentage figure. Remember, a low advertised rate might not seem so low when fees and charges are taken into account.

You can learn more about comparison rates here.

How can a shorter loan period give me a cheaper loan?

It's simple: the faster you pay off a home loan, the less interest you pay over time. So even though the repayments for a 25-year home loan might look high compared to those of an identical 30-year home loan, the savings would be higher.

Check out the difference in the total cost of two loans below:Cheapest home loan - 25 vs 30 years example

Why does this happen? With a longer loan term a borrower will be paying interest for longer. This makes the total cost of a loan much higher.

A 20 year home loan vs a 30 year home loan

$400,000 loan with an interest rate of 5%

30-year loan
  • Repayments. $2,147.29 per month
  • Total interest payable over 30 years. $373,023.14
20-year loan
  • Repayments. $2,639.82 per month
  • Total interest payable over 20 years. $233,557.51

As you can see, in this example, repayments on a shorter term loan would be just under $500 more each month, but would save $139,465.63 in interest payable over that time.

See how much you could save by shortening your loan term

How can a loan's extra features make my mortgage cheaper?

There's a reason why banks advertise home loan features like offset accounts, interest only payments and loan portability. This is because they're popular features which can save savvy borrowers money. Here are a few common features offered on home loans:

  • Offset accounts. An offset account is a transaction account linked to the home loan which reduces the amount of interest payable. For example, if you have a $200,000 loan and $10,000 in a 100% offset account, you will only pay interest on $190,000. You can use the offset account funds if you need to spend them, but then you'll have to pay interest on the full amount. Look out for monthly offset account fees, although most lenders don't charge them.
  • Loan portability. This feature lets you move your loan to a new property without the high costs of exiting a loan and taking out a new one.
  • Interest only payments. This can reduce your repayments because you only have to pay off the interest of the loan and not the principal. The downside of this is it can extend the loan term, potentially making the loan more expensive in the long run.
  • Unlimited extra repayments. Some lenders charge penalty fees when you make extra repayments. But the most affordable home loan could be the one that lets you pay it off in your own way, so watch out for repayment fees. Note that while most lenders allow you to pay variable rate home loans off early with no problem, fixed loans will charge a penalty fee known as break costs.

How can I compare the cheapest home loans to get a better deal on my mortgage?

Cheapest doesn't always mean best. And your personal circumstances and goals matter just as much as the loan itself. These are the things you need to look for when comparing cheap home loans.

  • Know your needs. Before making any decisions you really need to look at how much you can afford to borrow and repay, what kind of purchase you're making and what kind of features or rate types will benefit you. You might value the stability of a fixed interest rate, for example. Or you might benefit from a shorter loan with flexible, no-fee repayments.
  • Read your key facts sheets. Every lender must supply you with a key facts sheet. You can easily generate your own on a lender's website. The key facts sheet gives you a clear breakdown of your fees, charges and estimated costs over the course of the loan.
  • Compare, compare, compare. The home loan market is highly competitive. And a home loan is probably the largest amount of money you'll ever borrow. Do your homework and compare as many loans as you can.

Try out all our mortgage calculators here

I have a few more questions about getting the cheapest home loan

The latest home loan and property market news for today

* The offers compared on this page are chosen from a range of products finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms "Cheapest", "Cheap", "Best" and "Top" are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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Related Posts

Home Loan Offers

Important Information*
loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.52%p.a.
comp rate of 3.54%p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

A competitive variable rate product with no application or valuation fees offered by a 100% online lender.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier P&I) First Home Buyer Special

A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.

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55 Responses

  1. Default Gravatar
    stanleyFebruary 20, 2018

    I am looking to purchace a house in the uk, I have a fully owned unit in Sydney with an approximate value of $900,000 . I would require a loan of $300,000 as I am 80 years of age would a loan for this sum be possible.

    • Staff
      JonathanFebruary 21, 2018Staff

      Hi Stanley, thanks for your inquiry.

      Loans for purchasing property overseas are possible. Some options include:

      -Banks in Australia with foreign branches.
      -Non-Australian owned foreign banks that provide loans.
      -Mortgage brokers in Australia and abroad.

      Since your unit is fully owned, this should be a positive factor in sourcing equity to purchase overseas.

      We would recommend speaking to a licensed mortgage broker to further discuss your options.

      Best,

      Jonathan

  2. Default Gravatar
    May 31, 2017

    cheapest interest on reverse mortgage loan ?

    • Default Gravatar
      JonathanMay 31, 2017

      Hi Peter!

      Thanks for the comment.

      You may use this comparison page that we have for Reverse Mortgage to shop around with the rates from different lenders.

      Just click “More Info” green button if you wish to proceed with a specific lender.

      Hope this helps.

      Cheers,
      Jonathan

  3. Default Gravatar
    JOHNMay 14, 2017

    Looking to refinance a investment unit and pay to off in 4/5 years.
    Pay fortnightly $1300 . Looking for a home loan to achieve this,

    • Staff
      LouMay 14, 2017Staff

      Hi John,

      Thanks for your question.

      If you are looking for a refinancing home loan for investment properties, you may compare your options on this page.

      Cheers,
      Anndy

  4. Default Gravatar
    ElaineMay 11, 2017

    If you are on a pension and own 90 percent of your home is a loan permitted

    • Staff
      ArnoldMay 11, 2017Staff

      Hi Elaine,

      Thanks for your inquiry.

      Yes, pensioners are able to apply for home loans. The image below shows what options are available for you.

      Types of Loans

      For information on eligibility, requirements, and application process. You can visit this page. – https://www.finder.com.au/home-loans-for-pensioners

      If you have further concerns you may want to Reach out to a Broker which can give you a professional assessment and will guide you through the application.

      Hope this information helped.

      Cheers,
      Arnold

  5. Default Gravatar
    KateApril 20, 2017

    Hi I’d like to know if there are home loans available for people who are unable to work but plan to return to work in the foreseeable future? Thanks

    • Staff
      LouApril 20, 2017Staff

      Hi Kate,

      Thanks for your question.

      If you are currently unemployed, the lenders on this page may consider you for a home loan.

      Alternatively, if you are self-employed, you may compare home loan products here.

      If you need assistance in finding a suitable home loan option, you may also get in touch with a mortgage broker.

      Cheers,
      Anndy

  6. Default Gravatar
    PremFebruary 4, 2017

    Will this interest rate go up and down with the interest rate raise and fall or is it a honey moon rate which will go back up over 4% when the honey moon period finish

    • Staff
      MayFebruary 5, 2017Staff

      Hi Prem,

      Thank you for your question and for contacting finder.com.au we are a financial comparison website and general information service we are not mortgage specialists so can only offer general advice.

      The home loan rates will depend on its type either “variable” or “fixed” rate. If it’s “variable rate home loan” this product has an interest rate which fluctuates up or down over time as your lender sees fit. Your repayments for this type of home loan will also change if the interest rate will change.

      Whilst with “fixed rate home loan”, the interest on your home loan will remain unchanged for the length of your loan term. This means that you’ll know what your repayments will be.

      Cheers,
      May

  7. Default Gravatar
    CuriousDecember 18, 2016

    I was wondering where online banking institutions such as UBank and ING Direct are based and if they are required to follow Australian banking regulations/laws.

    As someone who has always done business with the traditional banks I need to be sure these online banks are reliable and safe.

    • Staff
      MayDecember 18, 2016Staff

      Hi Curious,

      Thanks for your question.

      Yes, UBank and ING Direct are both registered and are required to follow Australian banking regulations and laws. UBank is an online bank and a division of a division of National Australia Bank Limited (NAB). It has the same credit licence as NAB, which means the loans are underwritten by NAB too. Deposits held within UBank are guaranteed under the Government Financial Claims Scheme and UBank adheres to the Code of banking Practice. The home loan products they offer are listed on this page.

      Whilst ING Direct is wholly owned by ING Group and headquartered in Sydney. They are also regulated by the Australian Prudential Regulation Authority (APRA), like all banks. Their combined savings balances of up to $250,000 per customer are guaranteed by the Australian Government. If you’d like to compare their home loan products, please click this link.

      Cheers,
      May

  8. Default Gravatar
    enlightenedAugust 17, 2016

    Why dont you list the money magazines best home loan winner for 2016. With loan rate of 3.35 Reduce home loans is the clear winner and not even a mention?

    • Staff
      JodieAugust 30, 2016Staff

      Hi there,

      Thank you for contacting finder.com.au we are a financial comparison website and general information service.

      We appreciate your feedback and will take it on board, however, we list a selection of loans on this page and it is by no means comprehensive if you would like to find out more about how we operate please read our disclaimer.

      With regards to the Reduce Home Loans Rate Buster home loan, it is only suitable for borrowers who have a loan-to-value ratio of under 80% or a minimum deposit of 20% as well as a loan amount below $500,000, whereas we have a range of loans to suit a large selection of customers on this page.

      Thanks again for your feedback we do always like to hear from our users.

      Regards
      Jodie

  9. Default Gravatar
    EwenAugust 3, 2016

    Is U Bank part of NAB and if so why can’t NAB give me the same competitive interests rate with no fees.

    • Staff
      MayAugust 3, 2016Staff

      Hi Ewen,

      Thanks for your question. You’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually NAB.

      Yes, UBank is an online lender that is backed by NAB. Though the two offer home loan products, they differ in the interest rates for their products, where UBank offers more competitive rates and products as they don’t have physical branches like NAB. NAB is a big bank and offers a wide variety of financial products than UBank. For more information, you may also like to read our article on how home loan lenders differ from each other.

      Hope that helps.

      Cheers,
      May

  10. Default Gravatar
    FlapjackswimmingMay 31, 2016

    whilst all these low rates are enticing, I am looking for a line of credit (portfolio loan). This feature has been great but it isn’t clear when looking at other options if this is available. Could you point me in the right direction?
    Regards
    john

    • Staff
      MarcJune 2, 2016Staff

      Hi John,
      thanks for the question.

      You can compare line of credit loans here to get an idea of the rates available for these types of loans.

      I hope this helps,
      Marc.

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