How to compare home loans in February 2018

Whether you're refinancing or investing, or buying your first home, we can help you find the right choice.

You can use our free Home Loan Finder® service to easily compare home loans from well-known banks and online providers.

Use the home loan comparison tool in the table below.

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Credit services for Aussie Select, Aussie IQ and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie"), and its appointed credit representatives. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133 Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Optimizer products is provided by Perpetual Limited ABN 86 000 431 827 (Lender). Credit for Aussie IQ is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. Home loans issued by the Lender are serviced by Macquarie Securitisation Limited ABN 16 003 297 336, Australian Credit Licence 237863 (MSL).

Aussie is a trade mark of AHL Investments Pty Ltd. Aussie is a subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124. ©2018 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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Aussie Home Loans is both a lender and a mortgage broker, and offers a range of services.

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Rates last updated February 23rd, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.59%
3.60%
$0
$0 p.a.
90%
Enjoy a low variable rate with no ongoing fees and borrow up to 90% of the value of the property.
3.52%
3.54%
$0
$0 p.a.
80%
A basic home loan with a competitive rate and low fees.
3.49%
4.49%
$0
$375 p.a.
90%
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.52%
3.53%
$0
$0 p.a.
80%
A competitive variable rate product with no application or valuation fees offered by a 100% online lender.
3.64%
3.67%
$0
$0 p.a.
80%
A home loan with a competitive variable rate, limited fees and plenty of flexibility.
3.69%
4.86%
$0
$395 p.a.
90%
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.54%
3.58%
$0
$0 p.a.
80%
A variable rate home loan with competitive rate, redraw facility and offset account.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application fee or ongoing fees with this loan.
3.58%
3.58%
$0
$0 p.a.
70%
A low interest rate home loan with no application or ongoing fees.
3.64%
3.67%
$0
$0 p.a.
80%
A low rate home loan with no ongoing fees.
3.69%
3.69%
$0
$0 p.a.
90%
A special limited time offer for owner occupiers. An IMB Transaction Account must be opened with this loan.
3.77%
3.81%
$200
$0 p.a.
95%
A basic home loan with a low interest rate and a redraw facility available.
3.65%
3.66%
$0
$0 p.a.
90%
A competitive variable rate home loan with no application fee.
3.59%
3.96%
$0
$349 p.a.
90%
A variable package loan for a larger loan size with no monthly fees.
3.74%
3.75%
$0
$0 p.a.
80%
A special variable rate home loan with no application or ongoing fees.
3.62%
3.62%
$0
$0 p.a.
80%
A discounted, competitive variable rate loan with limited fees.
3.99%
4.00%
$0
$0 p.a.
80%
A low-fee variable rate investor loan with a fast online application process.
3.74%
3.77%
$0
$0 p.a.
90%
A home loan with a special rate for owner occupiers. Free offset account.
3.69%
3.69%
$0
$0 p.a.
80%
Enjoy a low variable interest rate and no application or ongoing fees.
3.99%
4.41%
$0
$395 p.a.
90%
A discounted home loan variable rate that comes with a competitive package, an eligible credit card and an offset transaction account.
3.68%
3.83%
$0
$10 monthly ($120 p.a.)
80%
A low interest rate home loan that allows borrowers to borrow up to 80% of the property value.
3.99%
3.74%
$0
$0 p.a.
95%
Fix your rate for two years with this competitive, low-fee loan. No offset account available.
3.68%
3.69%
$0
$0 p.a.
95%
A no frills loan with a competitive rate and a maximum LVR of 95%.
3.94%
3.71%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.69%
4.00%
$0
$350 p.a.
95%
Fix your rate for 3 years and borrow up to 95% LVR.
3.89%
5.40%
$0
$395 p.a.
95%
A package investment loan with a competitive, discounted interest rate and 0 application fees.
3.74%
3.74%
$0
$0 p.a.
110%
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.
3.64%
4.03%
$0
$395 p.a.
80%
Apply for a new owner occupier loan or refinance from another lender and receive this discounted rate.
4.19%
4.21%
$0
$0 p.a.
80%
Loans.com.au offer a low interest variable home loan with no application fee.
3.69%
3.71%
$0
$0 p.a.
90%
A discounted interest rate home loan with no monthly fees.
4.09%
4.12%
$0
$0 p.a.
95%
This loan has a high max insured LVR, making it an option for low deposit borrowers.
3.78%
3.78%
$0
$0 p.a.
80%
A basic low-rate home loan that still offers some useful features.
3.74%
3.74%
$0
$0 p.a.
90%
A competitive variable rate with a redraw facility. NSW, QLD and ACT residents only.
4.09%
4.12%
$0
$0 p.a.
90%
Access a fee-free offset account and a special interest rate for investors.
3.65%
4.84%
$0
$395 p.a.
90%
A 2 years fixed platinum package that has $0 application and a loan redraw facility.
3.99%
4.02%
$0
$0 p.a.
80%
An investment loan with a competitive interest rate and no ongoing fees.
4.14%
4.14%
$0
$0 p.a.
80%
An investment home loan with competitive rate and 100% offset account.
3.85%
4.82%
$600
$35 monthly ($420 p.a.)
90%
Low fixed rate offer from HSBC. Reverts to a discounted variable rate after the initial term.
4.29%
4.32%
$0
$0 p.a.
80%
An interest-only loan for investors. Access equity to further your investment opportunities.
4.19%
4.59%
$0
$395 p.a.
90%
Enjoy all the benefits of a full-featured package investment loan, including a 100% offset account.
3.74%
4.15%
$0
$395 p.a.
80%
Enjoy a discount of a competitive interest rate and 100% offset account.
3.89%
4.87%
$0
$0 p.a.
90%
Enjoy a low interest rate and borrow up to 90% (with LMI) of your property's value.
3.97%
4.02%
$445
$0 p.a.
90%
Get a competitive rate without features you may not use.
3.99%
3.99%
$395
$0 p.a.
80%
A flexible low-rate variable home loan that lets you combine your loan with other financial products.
3.97%
3.97%
$0
$0 p.a.
90%
A competitive variable rate home loan with no ongoing fees.
4.09%
3.79%
$0
$0 p.a.
95%
A competitive 3-year fixed rate loan with a high max insured LVR.
3.88%
4.88%
$0
$395 p.a.
95%
Refinance from your existing loan and get a $1,250 rebate. Lock in a discounted fixed rate with a low service fee.
4.34%
4.87%
$0
$0 p.a.
80%
Lock in a low 2-year fixed rate with this interest-only investment loan.
3.69%
4.47%
$0
$375 p.a.
90%
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW, QLD and ACT residents only.
3.84%
4.83%
$0
$0 p.a.
80%
Get a competitive 2-year fixed rate with no application or ongoing fees.
3.59%
4.42%
$600
$0 p.a.
95%
This competitive introductory rate is a limited time offer for new owner-occupiers
3.68%
3.69%
$0
$0 p.a.
90%
Get a low variable rate along with some important basic features.
3.64%
3.78%
$0
$10 monthly ($120 p.a.)
80%
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).
3.99%
4.77%
$0
$0 p.a.
80%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
3.64%
3.65%
$500
$0 p.a.
95%
A basic home loan with a promotional variable interest rate.
4.11%
4.01%
$0
$0 p.a.
80%
Enjoy a fast application process and flexible repayment options with this fixed rate investment loan.
3.79%
3.80%
$0
$0 p.a.
80%
A competitive rate with no ongoing monthly fees or application fees.
3.87%
3.87%
$0
$10 monthly ($120 p.a.)
90%
Get a competitive interest rate for 3 years and a discounted variable rate when the fixed period ends.
3.85%
4.95%
$0
$395 p.a.
95%
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.
3.69%
3.69%
$0
$398 p.a.
70%
Enjoy a low variable rate with no application and ongoing fees.
3.99%
4.03%
$0
$0 p.a.
95%
Enjoy a basic home loan with a high LVR and no application or ongoing fees.
3.99%
4.99%
$0
$395 p.a.
95%
A package home loan with fee free extra repayments available during the fixed term.
4.39%
5.42%
$300
$10 monthly ($120 p.a.)
95%
Borrow up to and fix in a 3 year home loan rate. Access your account via internet and phone banking.
5.29%
5.64%
$995
$15 monthly ($180 p.a.)
65%
Available for former bad credit borrowers who have had a clean credit file for the last 24 months. Loan can be used to purchase a property or refinance.

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Compare the home loan rates below

Compare the comparison rates for the loans below

HSBC Home Loan Offer

HSBC Home Value Loan - Resident Owner Occupier only, P&I

3.59 % p.a.

variable rate

3.60 % p.a.

comparison rate

HSBC Home Loan Offer

The HSBC Home Value Loan is a low rate with no monthly fees. Enjoy premium service with a dedicated HSBC Relationship Manager.

  • Interest rate of 3.59% p.a.
  • Comparison rate of 3.60% p.a.
  • Application fee of $0
  • Maximum LVR: 90%
  • Minimum borrowing: $50,000
  • Max borrowing: $7,500,000
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Welcome to the home loans guide

Seven steps to getting started

  1. Save a deposit and research properties
  2. Determine your borrowing power and eligibility
  3. Compare your options for finance
  4. Decide on a lender and seek pre-approval
  5. Find your dream home and make an offer
  6. Once accepted, get a conveyancer
  7. Complete home loan settlement and move in

What types of home loans are on offer?

How do I compare home loans?

When comparing mortgages you need to consider the interest rate, the fees and the features of the loan. A lower rate means smaller repayments, while fewer fees saves you money and gives you greater flexibility. A home loan's features give you more control over how you use your loan.

Learn more about how to compare various home loan types in the guides below:

How much do mortgages cost?

The total cost of a loan depends on how much you borrow, as well as the interest rate and any fees you need to pay. You can compare home loan fees in three different categories:

What's a comparison rate?

A comparison rate is an interest rate which includes many of the fees and charges you'll pay on your loan. Comparison rates are calculated using the same example, regardless of how much you're borrowing. This example is a $150,000 loan taken out over 25 years. If your loan size or length is different to this, the comparison rate could be less accurate.

Enter your loan details into the home loan calculator to determine your repayments

Check out all finder's home loan calculators here

Am I eligible for a loan if...

In most cases, it's a good idea to chat with a mortgage broker. They can save you the hassle of getting your application rejected. They're usually free to you, as they earn a commission from the lender when you take out the loan.

Find a mortgage broker and get expert help

What features can you get with a mortgage?

When comparing home loans it's also important to look at the features that come with many loans. Some features give you greater flexibility and control over your loan. An offset account can help you cut down your interest repayments, while redraw facilities let you access money you've already paid into your loan.

What's pre-approval and do I need it?

Pre-approval means your lender will "conditionally" approve you for a specific loan amount. It'll take into account your income, debts and liabilities when deciding this. It's usually extended for a few months, allowing you to look for a property with a bit more confidence. It's important to note that pre-approval conditions can differ depending on the lender. Read our expert explanation of pre-approval to find out what to look for.

How to prepare when applying for a home loan

  • Is your credit file in order? Find out how to get a copy of your credit file and make sure there are no errors on it. If you have defaults or late repayments on your file, be able to explain them. Close any credit cards you're no longer using.
  • Are you getting a joint loan? Think about how strong your relationship is with the other party. Changes to your relationship could make it hard if one party wishes to sell their part of the property.
  • What are your plans for the property over the next few years? Match your loan to your future plans. For example, avoid taking out a fixed rate loan if you plan to sell the property shortly after buying it. Fixed rate loans have break costs which can be expensive.
  • Are you eligible for the loan? Borrowers generally need to be over 18 years of age. There are other requirements too, but these depend on the lender. Some will want you to have a good credit rating. Others might not allow you to buy inner city apartments. Always read these before applying.

What paperwork do I need to give my lender when applying for a home loan?

Your lender will want to work out whether or not you can afford a loan, so will want to see a bit of information from you. This includes:

  • Personal details. Including your full name, tax file number, driver's licence number or some other form of photo ID, phone number and address.
  • Employment details. Your lender wants to know about your job and how long you've been in your position and industry and may ask for the contact details of your HR department to confirm these details.
  • Financial details. Your lender will want to know how much you earn and spend. They'll want to see recent payslips, as well as details of your expenses and debts including other personal loans or credit cards.
  • Information about your property. The exact paperwork required will depend on the type of property you're buying. You'll need to tell your lender the property address, the type of property it is, the number of rooms it has and more.

FAQs about home loans

The latest home loan and property market news for today


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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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95 Responses

  1. Default Gravatar
    KevinMay 16, 2017

    hi,

    i was looking at the home loans
    it states owner occupier
    as i am a foreign investor, what types of loans should I look at
    does it mean that we have to pay a higher interest?
    thanks

  2. Default Gravatar
    SuzieMarch 10, 2017

    I am looking to buy addition investment and PPR. I am looking for comparative interest rates.
    Can you please assist?

    Thank you
    Suzie

    • Staff
      LouMarch 13, 2017Staff

      Hi Suzie,

      Thanks for your question.

      You may refer to this page to compare investment property home loans.
      For owner-occupier, you may check this page.

      On both pages, we have a home loan calculator on top of the comparison table that you can take advantage of to see which lender offers low monthly payment.

      Alternatively, you may also get in touch with a mortgage broker to assist you in finding a suitable home loan option.

      Cheers,
      Anndy

  3. Default Gravatar
    TerryOctober 13, 2016

    Hi,
    I am 65 and my wife is 51. We both have full time jobs.
    We are hoping to purchase our first ever unit instead of paying rent as we do now. Would our ages be against us if we applied for a $700,000 loan? How much deposit would we need?
    Thank you

    • Staff
      LouOctober 14, 2016Staff

      Hi Terry,

      Thanks for your question.

      Please note that we are a financial comparison and information website. We can’t give advice on your specific situation.

      In Australia, there are anti-discrimination legislations that prevent lenders from discriminating borrowers based on age. You can find more details about maximum age limit for home loan borrowers on this page.

      Lenders would also like to make sure that you meet the general lending criteria and that you can comfortably afford to repay the loan without having financial difficulties. This is why the older you are, the more it might be difficult for you get a mortgage approval.

      Also, the deposit that you need depends on the type of loan that you are getting.

      For your home loan options, you may want to get in touch with mortgage broker and discuss your circumstances and borrowing needs.

      Cheers,
      Anndy

  4. Default Gravatar
    TrevorOctober 2, 2016

    I run my own business and need a low doc loan
    Thanks Trevor

    • Staff
      LouOctober 5, 2016Staff

      Hi Trevor,

      Thanks for getting in touch.

      If you are looking for a low doc home loan, you can compare your options here.

      You may also want to get in touch with a mortgage broker who will consider your personal situation in finding a range of home loan options.

      Cheers,
      Anndy

  5. Default Gravatar
    BrianOctober 27, 2015

    I am an aged pensioner and have my own property with a double garage and wish to improve it to liveable state.and need aloan to do so It is in a small country community which is going ahead. What are the chances of finance?

    • Staff
      MarcOctober 28, 2015Staff

      Hi Brian,
      Thanks for the question, finder.com.au are a comparison website and we can only offer you general advice.

      Your chance of receiving a loan will depend on a range of factors, including your income, assets and debts. One option might be to contact a mortgage broker and see what lenders or loans they suggest might result in your application being approved.

      I hope this helps,
      Marc.

  6. Default Gravatar
    September 3, 2015

    Iam living in a town house and have rented my two rooms privately and getting rent of $200 weekly from each room. Can I include this income as a genuine savings, If yes, how to prove this.

    • Staff
      MarcSeptember 4, 2015Staff

      Hi Binod,
      Thanks for the question, finder.com.au are a comparison website and we can only offer you general advice..

      The definition of ‘Genuine Savings’ changes depending on the lender, but the below is what the Commonwealth Bank define as genuine savings:

      – A savings pattern established over at least 3 months
      – Term Deposit held for at least 3 months
      – Shares held for at least 3 months
      – Gifts held in your account for at least 3 months
      – Cash held in your account for at least 3 months
      – Equity in an existing property
      – Inheritance money held in your account for at least 3 months

      If your rental income fits into one of the above categories than for this lender it would be counted as genuine savings. I would recommend contacting a lender you’re interested in applying with and seeing what their policy is regarding rental incomes.

      I hope this helps,
      Marc.

  7. Default Gravatar
    LenaJuly 8, 2015

    Hi. This website is great for comparing home loans but they are mostly not with the major banks.
    Could you tell me if there is a website that deals mainly with the anz, nab, commonwealth etc similar to this one.
    Thanks

    • Staff
      BelindaJuly 9, 2015Staff

      Hi Lena,

      Thanks for the feedback.

      finder.com.au is an online comparison and general information service and in fact, we do compare a wide range of products offered by many reputable Australian lenders including the ‘Big 4’ and specifically ANZ, NAB and the Commonwealth Bank, as you’ve mentioned.

      You might be interested to compare competitive products by these lenders using the hyperlinks provided above.

      Thanks,
      Belinda

  8. Default Gravatar
    AmyJune 6, 2015

    Do I put money in my super or pay my loan ?
    When I sixty I can get some money out of my super and put it in my mortgage good idea or not ?

    • Staff
      BelindaJune 9, 2015Staff

      Hi Amy,

      Thanks for your enquiry.

      finder.com.au is an online comparison website so we cannot offer financial advice regarding your superannuation.

      It would be best that you speak directly with your super fund provider regarding the process of accessing your superannuation.

      Thanks,
      Belinda

  9. Default Gravatar
    ReneeJune 1, 2015

    Hi.
    Do any banks offer a personal loan as the deposit and include this in the home loan repayments?

    • Staff
      JodieJune 3, 2015Staff

      Hi Renee,

      Thank you for reaching out to finder.com.au. a financial comparison website and we can only offer you general advice.

      Most lenders have a maximum percentage of the value of the home they will allow you to borrow, however, each lender has their own w structure of loans and how they lend money.

      if you are looking to purchase or refinance it may be in your best interest to speak to a mortgage broker who can talk you through the lending process and also offer advice on your specific circumstances.

      Regards
      Jodie

  10. Default Gravatar
    KanoMarch 18, 2015

    Team,
    Would you be able to calculate the savings on paying a home loan daily VS weekly? How many years will this reduce is loan by?
    Loan amount of = $307000
    Monthly payment principal and interest = $2475
    Daily repayments = $108.76

    • Staff
      ShirleyMarch 18, 2015Staff

      Hi Kano,

      Thanks for your question, finder.com.au are a comparison website and we can only offer you general advice.

      Unfortunately we don’t have any daily repayment calculators at our disposal. You’ll find that lenders offer weekly, fortnightly or monthly repayments.

      If you’d like, you can see a range of home loan calculators available on this page to help you plan your mortgage.

      Cheers,
      Shirley

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