How to find a cheap* home loan rate

Rates and Fees verified correct on May 25th, 2017

Find cheap home loans with low interest rates and fees

The cheapest home loan for you may not be the cheapest 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.

You can scroll down to read our expert guide on finding the right loan, how much you'll have to repay and how to speed up paying off your loan to find the cheapest home loan, or you can use the table below to compare today's home loans.

NAB Home Loan Offer

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

3.69 % p.a.

fixed rate

4.92 % p.a.

comparison rate

NAB Home Loan Offer

NAB Choice Package Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier) First Home Buyer Special offers a special rate with no application fee and a low ongoing fee.

  • Interest rate of 3.69% p.a.
  • Comparison rate of 4.92% p.a.
  • Application fee of $0
  • Maximum LVR: 90%
  • Minimum borrowing: $150,000
  • Max borrowing: $10,000,000
Go to site

Today's home loan comparison

$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment
NAB Choice Package Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier) First Home Buyer Special
A special rate for first home buyers buying residential property and borrowing over $150K. 350,000 NAB Rewards Points offer also available. Conditions apply.
3.69% 4.92% $0 $395 p.a. 90% Go to site More info
3.74% 3.74% $0 $0 p.a. 80% Go to site More info
3.69% 3.72% $0 $0 p.a. 80% Go to site More info
HSBC Home Value Loan - Resident Owner Occupier only
Enjoy the low variable rate with $0 ongoing fee and borrow up to 90% LVR.
3.75% 3.77% $0 $0 p.a. 90% Go to site More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier Special Rate, P&I)
A limited time 2 year fixed rate for owner occupiers. Conditions apply.
3.64% 4.83% $0 $0 p.a. 95% Go to site More info
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.59% 4.48% $0 $375 p.a. 85% 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. Take out a new SCU loan and enjoy $500 cash back on loans above $150k, terms and conditions apply.
3.77% 3.81% $200 $0 p.a. 95% Go to site More info
3.59% 4.03% $500 $0 p.a. 95% Go to site More info
Community First Fixed Home Loan - 3 Years Fixed Owner Occupier special offer (New Loans only)
A limited time fixed rate special with no monthly or annual fees plus a 100% offset account.
3.69% 4.93% $600 $0 p.a. 95% Go to site More info
IMB Budget Home Loan - Special LVR <=80% (Owner Occupier and Principal & Interest only)
A special limited time offer for owner occupiers. An IMB Transaction Account must be opened with this loan.
3.84% 3.89% $445 $0 p.a. 80% Go to site More info
State Custodians Low Rate LOC - LVR up to 80% (Owner Occupier)
No application fee and competitive interest rate to access the equity in your home.
3.69% 3.72% $0 $0 p.a. 80% Go to site More info
Aussie Optimizer Variable Rate - LVR <= 80% (Owner Occupier + P&I)
No application or ongoing fees and fee free extra repayments.
3.86% 3.87% $0 $0 p.a. 80% Enquire now More info
State Custodians Low Rate LOC - LVR 80% to 90% (Owner Occupier)
Borrow up to 90% property value and pay no application fee.
3.79% 3.82% $0 $0 p.a. 90% Go to site More info
3.99% 4.04% $600 $0 p.a. 90% Go to site More info
CUA Fresh Start Basic Variable Home Loan - Owner Occupier
A basic mortgage with flexible repayments options.
3.99% 4.04% $600 $0 p.a. 90% Go to site More info
Beyond Bank Low Rate Special Home Loan
A special low variable rate for owner occupiers with 100% offset account and no application or ongoing fees.
3.83% 3.83% $0 $0 p.a. 70% Go to site More info
3.94% 4.41% $0 $395 p.a. 90% Go to site More info
IMB Budget Home Loan - LVR <=90% (Owner Occupier)
A competitive budget rate without any unwanted bells and whistles.
3.97% 4.02% $445 $0 p.a. 90% 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.
3.84% 4.22% $0 $395 p.a. 95% Go to site More info
Greater Bank Great Rate Discount Variable with Family Pledge Home Loan - Up to 110% LVR
Discounted rate available with family pledge loans. Family pledge loans require no LMI and no deposit. NSW, Qld and ACT only.
3.89% 3.89% $0 $0 p.a. 110% Go to site More info
3.92% 4.35% $0 $395 p.a. 90% Go to site More info
NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier)
A fixed rate package loan with flexible repayments options. NAB Rewards Points offer available, terms and conditions apply.
3.88% 4.95% $0 $395 p.a. 95% Go to site More info
QT Mutual Bank Mortgage Saver Home Loan
A low rate home loan with no application or ongoing fees. Note that to be eligible for this loan you must be QLD resident.
3.95% 3.95% $0 $0 p.a. 95% Go to site More info
Bank Australia Basic Home Loan - Variable (Owner Occupier)
A competitive variable that allows borrowers to borrow a minimum of $100,000 with a $0 ongoing fee.
3.86% 3.90% $595 $0 p.a. 80% Go to site More info
Greater Bank Great Rate Home Loan - Discounted Variable ($150K+ Owner Occupier)
A competitive rate with redraw facility. NSW, QLD and ACT residents only.
3.99% 3.99% $0 $0 p.a. 85% Go to site More info
Bankwest Equaliser Home Loan - $200k+ LVR ≤80% (Owner Occupier, new customers only)
Enjoy a variable 3 year introductory rate with Bankwest Equaliser Home Loan.
3.79% 4.20% $0 $0 p.a. 80% Go to site More info
Bank Australia Premium Home Loan Package - 2 Year Fixed (Owner Occupier) LVR < 80%
A discounted 2 year fixed rate loan with high maximum LVR and no application fee.
3.94% 4.35% $0 $350 p.a. 80% Go to site More info
Bank Of Queensland Economy Home Loan - Variable (Owner Occupier)
A basic home loan with additional repayment options.
3.89% 4.04% $300 $10 monthly ($120 p.a.) 95% Go to site More info
Bank Australia Premium Home Loan Package - LVR<=80% $700k + (Owner Occupier)
Enjoy the discounted interest rate with redraw facility and no ongoing fees.
3.82% 4.17% $0 $350 p.a. 80% Go to site More info
CUA Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier)
A fixed home loan with no ongoing fees and flexible repayments options.
3.84% 4.71% $600 $0 p.a. 95% Go to site More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 3 Year Fixed (Owner Occupier Special Rate, P&I)
A limited time fixed rate home loan with extra repayment abilities. Conditions apply.
3.74% 4.74% $0 $0 p.a. 95% Go to site More info
Bank of Queensland Fixed Rate Home Loan - 3 Year Fixed Rate Discount Rate $150k+ <80% LVR (Owner Occupier, P&I)
Special offer for new lending of $150k or more & under 80% LVR, this offer has been extended.
3.79% 4.44% $300 $10 monthly ($120 p.a.) 80% Go to site More info
ME Flexible Home Loan Fixed - 3 Year Fixed Rate (Owner Occupier)
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
4.19% 4.82% $0 $0 p.a. 95% Go to site More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Years Fixed (Standard Rate, P&I)
Enjoy a low interest rate and borrow up to 95% (with LMI) of your home value.
4.34% 4.96% $0 $0 p.a. 95% Go to site More info
NAB Base Variable Rate Home Loan - Owner Occupier (P&I)
A competitive no frills home loan with no application fees for a limited time. NAB Rewards Points offer available, terms and conditions apply.
4.17% 4.21% $600 $0 p.a. 95% Go to site More info
NAB Choice Package Variable Rate - $250k to $749,999 P&I (Owner Occupier)
A great variable package from NAB which includes offset and redraw features. No application fee.
4.47% 4.86% $0 $395 p.a. 95% Go to site More info
Newcastle Permanent Building Society Fixed Rate Home Loan - 1 Year Fixed (Standard Rate, P&I)
Get a short term fixed rate for that investment property with no application or ongoing fees.
4.34% 5.02% $0 $0 p.a. 95% Go to site More info
IMB Essential Home Loan - LVR <=90% (Owner Occupier)
Get a discount on your rate and flexible repayment options with this loan.
4.19% 4.19% $0 $0 p.a. 90% Go to site More info
NAB Choice Package Home Loan - 5 Year Fixed (Owner Occupier)
A competitive loan with flexible features. NAB Rewards Points offer available, terms and conditions apply.
4.59% 5.05% $0 $395 p.a. 95% Go to site More info
ANZ Simplicity PLUS Home Loan - Special Offer (Owner Occupier, P&I)
Enjoy a home loan with no application fee or ongoing fee.
4.03% 4.07% $0 $0 p.a. 95% Enquire now More info
3.88% 3.89% $600 $0 p.a. 90% 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%.
3.88% 3.89% $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% 5.01% $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 cash back available for refinancers, conditions apply.
3.99% 5.04% $0 $395 p.a. 95% Enquire now More info
Westpac Fixed Options Home Loan Premier Advantage Package - 2 Years, P&I
A low interest rate home loan and competitive two year fixed rate.
3.88% 4.94% $0 $395 p.a. 95% Enquire now More info
3.85% 5.05% $600 $0 p.a. 95% More info
Virgin Reward Me Variable Home Loan - LVR <= 80% ($750k+ Owner Occupier)
A variable rate home loan with competitive interest rate and flexible product features that can earn Velocity points.
3.79% 3.92% $0 $10 monthly ($120 p.a.) 80% Enquire now More info

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Credit services for Aussie Select and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 ("Aussie") and its appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133. Credit for Aussie Optimizer products is provided by Perpetual Ltd ACN 000 431 827.

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Aussie can save you time and effort by helping you research, organise and apply for your home loan. They compare thousands of home loans to help find the right deal for you. Fill out the form on the left and an Aussie Mortgage Broker will meet you at a time of your choosing to discuss your needs and help you find the right home loan.

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Compare some current home loans for May 2017

Home Loan Interest rate (p.a.) Comparison rate (p.a.) Application Fee Ongoing Fees
NAB Choice Package Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier) First Home Buyer Special 3.69% 4.92% $0 $395 p.a.
UBank UHomeLoan Variable Rate - Standard Variable Rate Value Offer (Owner Occupier P&I) 3.74% 3.74% $0 $0 p.a.
HSBC Home Value Loan - Resident Owner Occupier only 3.75% 3.77% $0 $0 p.a.
Newcastle Permanent Building Society Fixed Rate Home Loan - 2 Year Fixed (Owner Occupier Special Rate, P&I) 3.64% 4.83% $0 $0 p.a.

What ‘cheapest’ actually means

Depending on your needs, the cheapest home loan could be:

  • A low rate loan
  • A low fee loan
  • A loan with a shorter term
  • A loan with added features

Low 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, 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.

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.

Low rate loans: Pros and Cons

PROSCONS
  • Can significantly lower monthly repayments
  • May lack features
  • Total cost of loan is reduced
  • Introductory rate can jump to less competitive variable rate
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Low fee loans

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.

The good news is that loan fees are sometimes avoidable. Many low fee loans will waive or reduce certain fees. Some lenders will also offer a cashback when you're approved, which can reduce the impact of any fees.

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.

If you're ever not sure if a low interest rate means a loan is actually cheap, one option is to look at the comparison rate. This is an interest rate which takes into account some of the fees you'll pay, and gives you a better idea of the loan cost.

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.

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Shorter loan periods

The quicker a home loan is paid off, the less total interest due. 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. Look below to see the difference in the total cost of two loans.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

Scenario: $400,000 loan with an interest rate of 5%
30 years20 years
Repayments: $2,147.29 per monthRepayments: $2,639.82 per month
Total interest payable over 30 years: $373,023.14Total 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.

Shorter loan term: Pros and Cons

ProsCons
  • Overall loan can cost significantly less
  • Higher monthly repayments
  • Loan is paid off faster
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Loans with added features

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

Offset accounts can save interest, which means borrowers can pay off a loan sooner. 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. There are 100% offset accounts, meaning every dollar in the account works to reduce the same amount on your loan, and partial offset accounts, where a percentage of each dollar offsets the interest due. Partial offset accounts are much rarer today, so you're likely to only encounter 100% offset accounts. Look out for monthly offset account fees - most lenders don't charge them, so if you come across a loan that does it might pay to look elsewhere.

Loan portability

Loan portability helps you to move your loan to a new property without the high costs of exiting a loan and taking out a new one.

Interest only payments

Interest only payments can reduce your repayments because you no longer have to pay the actual loan principal off. The downside of this is it can extend the loan term, and end up making the loan more expensive in the long run.

Unlimited extra repayments

The cheapest and most affordable home loan could be the one which lets you pay your home loan your way. This might mean not charging you penalty fees to make extra repayments. 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. Many fixed rate loans today have an amount of extra repayments they will allow during the fixed term without charging penalty fees, so find this out if you're locking in a rate.

Loans with added features: Pros and Cons

ProsCons
  • Offer more flexibility
  • Can carry additional fees
  • Can help pay off home loan faster
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How to find the ‘cheapest’ home loan

Now that you’ve defined what money-saving characteristics best suit your needs, it’s time to find the home loan that best matches your circumstances.

Compare cheap rates

Compare some low rate and/or low fee home loans in the table above.

Compare loan features

Find loans with features such as offset accounts, portability or unlimited repayments.

See how much you could save by shortening your loan term

The loan repayment calculator below allows you to change the loan term to see the effect this has on the total cost of a loan.

The most common questions we get about cheap home loans

This depends on who you speak to, and it depends on what you're looking for. There's no one cheapest home loan for every borrower. Online lenders can be good to approach if you don't mind not having branch access. They are often able to offer cheaper products because of this. But sometimes banks will offer special low rates and fee waivers from time to time. They can also offer discounted rates as part of a package home loan.

If you feel that you might not know enough about home loans to find the cheapest, a mortgage broker could be a good option for you.

The cheapest home loan can change from month to month, or even week to week during competitive periods in the market. A better option is to compare home loans based not only on the cost but also on how well it will suit you, and whether you're eligible for the loan.

You should always be comfortable with the lender you're planning on going with. If you're not aware of a lender, try calling them up to find out about them and their service level before lodging an application. Speak to previous customers or read customer reviews on sites like Product Review. You can also try speaking to a mortgage broker to find out their experiences when dealing with them. Often, a little known brand might be funded by a larger bank, as is the case with NAB backing UBank, or Firstmac backing loans.com.au.

Home loan providers offering low cost loans used to be those which operate without branch networks such as online lenders. Today many traditional banks can match or even exceed the competitive home loans offered by these cheaper home loan providers, so it pays to look at all lenders when seeking a cheap loan.

This will depend on the loans themselves. The major cost difference between a fixed and variable loan is the possibility of having to pay break costs if you try to leave a fixed rate loan before the term ends. If you don't leave a fixed rate home loan early this won't be a factor to consider. Another difference between the two loans is that variable rates can fluctuate, meaning they could go lower or higher than a fixed rate depending on the economic factors.

Read more about fixed vs variable rates

* 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

HSBC Home Value Loan - Resident Owner Occupier only

Enjoy the low variable rate with $0 ongoing fee and borrow up to 90% LVR.

NAB Choice Package Home Loan - 2 Year Fixed (Owner Occupier)

A fixed rate package loan with flexible repayments options. NAB Rewards Points offer available, terms and conditions apply.

IMB Budget Home Loan - LVR <=90% (Owner Occupier)

A competitive budget rate without any unwanted bells and whistles.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤85% ($150K+ Owner Occupier)

Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.

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51 Responses to How to find a cheap* home loan rate

  1. Default Gravatar
    JOHN | May 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
      Anndy | May 14, 2017

      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

  2. Default Gravatar
    Elaine | May 11, 2017

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

    • Staff
      arnold.salas@findercrew.com | May 11, 2017

      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

  3. Default Gravatar
    Kate | April 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
      Anndy | April 20, 2017

      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

  4. Default Gravatar
    Prem | February 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
      May | February 5, 2017

      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

  5. Default Gravatar
    Curious | December 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
      May | December 18, 2016

      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

  6. Default Gravatar
    enlightened | August 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
      Jodie | August 30, 2016

      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

  7. Default Gravatar
    Ewen | August 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
      May | August 3, 2016

      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

  8. Default Gravatar
    Flapjackswimming | May 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
      Marc | June 2, 2016

      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.

  9. Default Gravatar
    Mohammed | May 9, 2016

    We have migrated to Sydney with 457 skilled migration 4 year visa and my wife working as a GP with 5 year contract.

    please need to find what kind of and how much with LTV we can borrow for a mortgage.

  10. Default Gravatar
    Bill | February 25, 2016

    What does comparison rate mean?

    • Staff
      Belinda | February 26, 2016

      Hi Bill,

      That’s a great question.

      All Australian lenders are required to display the comparison rate as this reflects the true cost of the home loan. While the interest rate is the percentage of your loan that you’ll pay in additional to the original loan amount, the comparison rate is a percentage that is calculated by adding the interest rate, plus any additional fees and charges that may apply to the loan.

      When comparing different home loans, always compare the comparison rate to ensure that you understand the total cost of the loan.

      As a rule of thumb, you should be cautious about any home loan that has a 1-2% point difference between the interest rate and the comparison rate.

      Kind regards,
      Belinda

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