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Compare home loan interest rates from 5.48%

Compare home loan rates from across the market, from online lenders to the Big Four banks. Find a home loan that suits your needs in minutes.

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1 - 20 of 73
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest40% min. depositOwner-occupier
Principal & Interest40% min. depositOwner-occupier
Go to site
Product NameUbank Neat Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.09%
Comp. Rate6.11%
Minimum Loan Amount$80,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.09%
Comparison Rate
6.11%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,030
Go to siteMore Info
Principal & Interest20% min. depositOwner-occupierRefinance
Principal & Interest20% min. depositOwner-occupierRefinance
Go to site
Product NameUnloan Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate5.99%
Comp. Rate5.90%
Minimum Loan Amount$10,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
5.99%
Comparison Rate
5.90%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,998
Go to siteMore Info
Principal & Interest5% min. depositOwner-occupierNew Purchase - Metro only
Principal & Interest5% min. depositOwner-occupierNew Purchase - Metro only
Go to site
Product NameSucasa No LMI Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate6.30%
Comp. Rate6.58%
Minimum Loan Amount$100,000
Maximum Loan Amount $2,500,000
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan Facility
Fixed Interest Option
Loan Portable
Extra Repayments Unlimited Additional Repayments at no cost
Interest Rate
6.30%
Comparison Rate
6.58%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,098
Go to siteMore Info
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Principal & Interest 2Y Fixed20% min. depositOwner-occupier
Go to site
Product NameIMB Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate5.99%
Comp. Rate6.34%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
5.99%
Comparison Rate
6.34%
Fees
Application: $449
Ongoing: $0 p.a.
Monthly Payment
$2,998
Go to siteMore Info
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
Principal & Interest 3Y Fixed10% min. depositOwner-occupierOffset account
Principal & Interest 3Y Fixed10% min. depositOwner-occupierOffset account
Go to site
Product NameUp Home Loan Fixed Rate
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate5.80%
Comp. Rate5.91%
Minimum Loan Amount$50,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
5.80%
Comparison Rate
5.91%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,937
Go to siteMore Info
Principal & Interest 3Y Fixed30% min. depositOwner-occupier
Principal & Interest 3Y Fixed30% min. depositOwner-occupier
Go to site
Product NameMacquarie Bank Basic Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate5.99%
Comp. Rate6.13%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
5.99%
Comparison Rate
6.13%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,998
Go to siteMore Info
Principal & Interest10% min. depositOwner-occupierOffset account
Principal & Interest10% min. depositOwner-occupierOffset account
Go to site
Product NameBendigo Bank Express Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.01%
Comp. Rate6.14%
Minimum Loan Amount$5,000
Maximum Loan Amount $3,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.01%
Comparison Rate
6.14%
Fees
Application: $0
Ongoing: $10 p.a.
Monthly Payment
$3,004
Go to siteMore Info
Principal & Interest20% min. depositOwner-occupier$150,000 to $500,000
Principal & Interest20% min. depositOwner-occupier$150,000 to $500,000
Go to site
Product NameING Mortgage Simplifier Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.14%
Comp. Rate6.17%
Minimum Loan Amount$150,000
Maximum Loan Amount $500,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.14%
Comparison Rate
6.17%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,046
Go to siteMore Info
Principal & Interest10% min. depositOwner-occupier$750,000 and above
Principal & Interest10% min. depositOwner-occupier$750,000 and above
Go to site
Product NameAMP Bank Essential Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate6.29%
Comp. Rate6.32%
Minimum Loan Amount$750,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.29%
Comparison Rate
6.32%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,095
Go to siteMore Info
Principal & Interest10% min. depositOwner-occupierOffset account
Principal & Interest10% min. depositOwner-occupierOffset account
Go to site
Product Nameloans.com.au Solar Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate5.99%
Comp. Rate6.51%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Interest Rate
5.99%
Comparison Rate
6.51%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,998
Go to siteMore Info
Principal & Interest20% min. depositOwner-occupierOffset account
Principal & Interest20% min. depositOwner-occupierOffset account
Go to site
Product NameNewcastle Permanent Real Deal Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.04%
Comp. Rate6.08%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.04%
Comparison Rate
6.08%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$3,014
Go to siteMore Info
$3,000 refinance cashback offer
Eligible refinancers who apply online and borrow $250K+ (LVR 80% or lower) can get a $3,000 cashback. Terms and conditions apply.
Principal & Interest50% min. depositOwner-occupier
Principal & Interest50% min. depositOwner-occupier
Go to site
Product NameAthena Straight Up Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.24%
Comp. Rate6.24%
Minimum Loan Amount$100,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 50%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.24%
Comparison Rate
6.24%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,079
Go to siteMore Info
Principal & Interest5% min. depositOwner-occupierOffset accountSpecial Offer
Principal & Interest5% min. depositOwner-occupierOffset accountSpecial Offer
Go to site
Product NameG&C Mutual Bank First Home Buyer
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate5.90%
Comp. Rate5.93%
Minimum Loan Amount$0
Maximum Loan Amount $5,000,000
Maximum Loan Term40 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Interest Rate
5.90%
Comparison Rate
5.93%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,969
Go to siteMore Info
Principal & Interest50% min. depositOwner-occupierOffset account
Principal & Interest50% min. depositOwner-occupierOffset account
Go to site
Product NameMortgage House Chameleon Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate5.99%
Comp. Rate6.04%
Minimum Loan Amount$150,000
Maximum Loan Amount $850,000
Maximum Loan Term30 years
Maximum LVR 50%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Interest Rate
5.99%
Comparison Rate
6.04%
Fees
Application: $600
Ongoing: $395 p.a.
Monthly Payment
$2,998
Go to siteMore Info
Principal & Interest30% min. depositOwner-occupierOffset account
Principal & Interest30% min. depositOwner-occupierOffset account
Go to site
Product NameHomestar Star Gold
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate5.98%
Comp. Rate5.98%
Minimum Loan Amount$250,000
Maximum Loan Amount $1,000,000
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan PortableYes
Extra Repayments Yes
Interest Rate
5.98%
Comparison Rate
5.98%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,995
Go to siteMore Info
Principal & Interest20% min. depositInvestmentRefinance
Principal & Interest20% min. depositInvestmentRefinance
Go to site
Product NameUnloan Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.29%
Comp. Rate6.20%
Minimum Loan Amount$10,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.29%
Comparison Rate
6.20%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,095
Go to siteMore Info
Principal & Interest40% min. depositOwner-occupierOffset account
Principal & Interest40% min. depositOwner-occupierOffset account
Go to site
Product NameUbank Flex Variable Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.14%
Comp. Rate6.38%
Minimum Loan Amount$80,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.14%
Comparison Rate
6.38%
Fees
Application: $0
Ongoing: $250 p.a.
Monthly Payment
$3,046
Go to siteMore Info
Principal & Interest40% min. depositOwner-occupierOffset account
Principal & Interest40% min. depositOwner-occupierOffset account
Go to site
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.15%
Comp. Rate6.40%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.15%
Comparison Rate
6.40%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$3,050
Go to siteMore Info
Principal & Interest10% min. depositInvestment$750,000 and above
Principal & Interest10% min. depositInvestment$750,000 and above
Go to site
Product NameAMP Bank Essential Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate6.49%
Comp. Rate6.52%
Minimum Loan Amount$750,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Interest Rate
6.49%
Comparison Rate
6.52%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,160
Go to siteMore Info
Principal & Interest20% min. depositOwner-occupier
Principal & Interest20% min. depositOwner-occupier
Go to site
Product NameMacquarie Bank Basic Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate6.19%
Comp. Rate6.21%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Interest Rate
6.19%
Comparison Rate
6.21%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,063
Go to siteMore Info
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Showing 20 of 73 results

Meet our home loan experts

Richard Whitten

Money editor

Richard Whitten is a money editor at Finder. He has been covering home loans, property and personal finance for the last 6 years.
Graham consumer expert

Head of consumer research

Graham Cooke heads up the insights team, overseeing Finder's data-driven research for the last 8 years. He regularly appears as an expert on TV and across other media.
Rebecca Pike senior writer

Senior writer, home loans

Rebecca is a senior writer at Finder covering all things home loans. She has been writing about the home loan market in Australia for 5 years.

What is a home loan?

A home loan is the money you borrow to buy a property. You save a deposit first, which is usually 5-20% of the property's value and then you borrow the rest. This is your loan amount or your loan principal.

Your lender charges you interest based on the loan principal amount and your home loan's interest rate. The higher the home loan interest rate, the higher your repayments will be.

How do I compare home loan interest rates?

A good home loan comparison starts with a careful look at interest rates. The lower the rate, the lower your repayments will be.

Let's compare 2 otherwise identical home loans with slightly different interest rates.*

Interest rate7.24%5.8%
Loan amount$624,387$624,387
Loan term30 years30 years
Monthly repayment$4,256$3,664
Monthly savingN/A$592
Annual savingN/A$7,104

As you can see, with the lower interest rate, you save $592 a month. That's a saving of $7,104 a year.

*We're using the average owner-occupier home loan size, the average variable rate loan in Finder's database and the lowest rate currently available on Finder.

Check out Finder's lowest monthly mortgage rate tracker

Home loan comparison is hard if you have no clue what a low rate looks like. That's why we analyse all the loans in our database to find the most competitive rates each month.

The graph below shows the market's lowest* fixed and variable rates for home buyers and investors.

*Rates must have LVRs of 80% or higher and exclude unique or unusual loan products that aren't suitable for most borrowers.

Learn more about finding a cheap home loan

Your interest rate update: February 2024

On 06 February the official cash rate was held at:

4.35%

The lowest owner-occupier loan in Finder’s database is:

5.8%

Assuming the average owner occupier home loan size of $624,387 you would be making monthly repayments of:

$3,664

Cash rate remains the same but when will rates fall?

The Reserve Bank of Australia (RBA) has kicked off its 2024 cash rate decisions with a hold to the national rate at 4.35%.

The cash rate had been rising over 2022 and 2023 in a bid to slow down inflation which was rising above the RBA’s target.

And it worked! Inflation is slowing. The latest figures show the Consumer Price Index (the way the rate of inflation is measured) is about 3% lower than it was during the peak.

But it’s still higher than the RBA’s target. Until the CPI rate drops below 3% it’s unlikely we’ll see rates start falling. The RBA predicts the CPI will fall below 3% in 2025, but the latest figures were ahead of predictions.

Although commentary has turned towards when the RBA will start cutting the cash rate, governor Michelle Bullock said in the latest cash rate announcement that “a further increase in interest rates cannot be ruled out”.

The good news for borrowers is that banks are starting to respond with their own rate cuts. While most rate cuts have been to fixed rates, Macquarie Bank recently cut its variable rates.

Graham Cooke

Graham Cooke heads up Finder's insights team, which is responsible for conducting data-driven research. He also regularly appears on TV and radio, taking part in more than 500 interviews to discuss financial news and trends.

How do I compare mortgage fees and features?

Looking beyond the interest rate, you need to compare home loan fees and features too.

dollar iconCompare the fees

Examples of home loan fees include the following:

  • Application fees. This one-off fee can run as high as $600.
  • Ongoing fees. Some loans come with a monthly or annual fee, usually worth around $120 a year or $10 a month. Package loans have an annual fee of up to $500.
  • Valuation fees. This covers your lender's cost to have your property professionally valued. It can cost several hundred dollars.
  • Discharge fees. A discharge fee is only charged when you end a home loan, either by refinancing or paying off the loan.

Gift card iconConsider the features

The following are the most common and useful home loan features:

  • Offset account. A 100% offset account is a bank account that is attached to your home loan. The bank account lets you save and spend money like a normal bank account, but any dollar saved in the account offsets your loan amount, meaning you are charged less interest. An offset is not available with every loan, such as fixed rate and basic loans.
  • Extra repayments. If your loan allows you to make extra repayments, you can pay it off faster. This will save you in interest charges. These days, most variable rate loans allow extra repayments, although some fixed rate loans don't.
  • Redraw facility. A redraw facility is common on home loans that allow extra repayments. A redraw allows you to withdraw extra repayments from your loan and spend them if you need to. Some lenders charge a redraw fee or restrict how much money you can access.
  • Split facility. Some loans allow you to split your mortgage into both fixed and variable portions. This lets you create a flexible loan that offers the benefits of both a fixed and variable rate.

Reward point iconLook at a loan's comparison rate

The comparison rate is designed to help borrowers understand the true cost of a loan by adding in fee costs over time. But it's only a hypothetical calculation based on a specific loan amount and term. It's not that useful because every borrower's situation is unique.

You're better off working out how much your loan will cost you every month and factoring in the cost of fees on top of that.

A note about loan-to-value ratio (LVR)

The loan-to-value ratio (LVR) is another way of defining the minimum deposit you have to save. Most loans have a maximum LVR of 80%, meaning you need a 20% deposit. Many loans also have a maximum insured LVR of up to 95%. This means that you can get the loan with a smaller deposit, but you will need to pay lenders mortgage insurance (LMI) if your deposit is under 20%.

Our Home Loan Awards

Finder's home loans awards celebrate the best home loan products across 12 different categories. Our experts analysed 12 months' worth of interest rate and fee data to find the best solutions for any borrower type. Our team of experts reviewed over 3,000 home loan products from across 200+ lenders to select our Finder Home Loans Awards winners for 2024.

Home loan comparison tips from the experts

We spoke to some industry experts for more inside tips on getting a good home loan.

Picture not described

Susan Mitchell, CEO - Broker at REA Group, and former CEO of Mortgage Choice

Common mistakes first home buyers make

"There is a common misconception that going straight to the lender you bank with is going to get you the greatest outcome when in reality, borrowers are doing themselves a disservice by not comparing options from a range of lenders to find the most suitable deal for their goals and needs.

"Not getting home loan pre-approval is another mistake many borrowers make. This is especially the case if you are applying for your first home loan. A home loan pre-approval is useful when buying your first home as it helps you understand what property you can afford to buy before you start shopping around."

Prepare your finances before approaching a lender or broker

"Lenders will assess how 'risky' you are to lend money to, so it's important that you show them that you have good money habits. Don't spend more than you earn, cut back on discretionary spending 3-6 months before you apply for a home loan and make sure you've established a savings history so you can demonstrate that you are responsible with your money and can make your home loan repayments each month."

Photograph of mortgage broker Josh Bartlett.Josh Bartlett, mortgage broker and managing director, Mortgage Advice Bureau.

Know your money personality

"It comes down to money personality. If a couple have very different money personalities, say a husband and wife where one is very good with their money and the other likes to spend, you could structure the loan so they're both happy with how that money is going to be used.

"I'd suggest a loan with a multi offset account, allowing the couple to have their own accounts so they can control their spending in ways they feel comfortable with. As long as everything's going fine, they'll still be married in the next 5 years."

Fixed or variable

"Again, it comes down to the individual. Are you okay if your rate falls up or down? Right now, are rates going to go up? We don't have a crystal ball.

"You only ever fix it if it makes you feel more comfortable. It's not about beating the banks."

More home loan questions answered

Helpful home loan guides

Why you can trust Finder's home loan experts

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We're free
You won't pay any more by taking out a home loan with us. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare loans.
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We're experts
We've researched and rated dozens of home loans as part of our Finder Awards. We provide unique insights and our in-house experts regularly appear on Sunrise, 7News and SBS News.
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We're independent
Unlike other comparison sites, we're not owned by a third party. That means our opinions are our own and we work with lots of home loan lenders, making it easier for you to find a good deal.
help
We're here to help
Since 2014, we've helped 150,000+ people find a home loan by explaining the nitty gritty details simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

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The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our website, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.


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10 Responses

    Default Gravatar
    SusanMarch 13, 2023

    I have a current mortgage with Bendigo Bank on fixed interest rate of 2.090% which expires in July.
    I want to know my options when it expires.
    Small mortgage which is due to be paid off in 2029.
    None of your options seem to include this issue.
    Can I speak with someone?

      AvatarFinder
      SarahMarch 13, 2023Finder

      Hi Susan,

      You have a couple of options. You could:
      – Stick with Bendigo Bank and either roll over onto a variable rate loan option in July, or choose another fixed rate home loan.
      – Refinance to a different bank, and choose either a fixed or variable rate.

      Your eligibility to refinance depends on a number of things, including your age, income and loan amount. As a first step, it might be worth contacting your bank so they can let you know what their current rates and offers are, so you have an idea of what your repayments will be from July onwards. You can then compare this to other options in the mortgage market to see if you can get a better deal elsewhere.

      Hope this helps!

    Default Gravatar
    ChrisApril 21, 2022

    Useless tool – no way to select weekly payments.

      AvatarFinder
      SarahMay 2, 2022Finder

      Hi Chris,

      We appreciate your feedback.

      Our tables contain quite a bit of information in them. In the interests of brevity, we currently allow you to compare home loans by monthly payments. If you’d like to know the estimated weekly payments, you can divide these estimates by 4.3. For instance, if the monthly estimate was $3,000, once you divide it by 4.3, the weekly amount would be $697.67.

      Hope this helps, and thanks again for the feedback – we’ll explore whether this functionality can be added.

      Many thanks
      Sarah

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    MichaelDecember 18, 2021

    I’d like speak to someone about refinancing a please?

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      RichardDecember 22, 2021Finder

      Hi Michael,

      If you already have a preferred lender, you can visit their website to submit an application and/or request to speak with their home finance representative.

      Alternatively, you can speak with a professional mortgage broker to get personalised advice. You can call one of the mortgage brokers found on our page to schedule an appointment or search for a mortgage broker in your area on Google.

      I hope this helps!
      Richard

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    JDMAugust 12, 2019

    I am an Australian citizen returning to Australia after several years abroad. I will be entering into employment with the Australian branch of my existing employer with a new employment contract (but without a probation period). Can you advise limits to home loan borrowing upon arrival. e.g. is their a qualifying period for work/residence in Australia for lenders?

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      NikkiAugust 13, 2019

      Hi JDM,

      Thanks for your question!

      All Australian citizens are eligible to apply for a home loan. This is one of the basic requirements. Others include age, income, and other unique requirements of the lender.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      A mortgage broker is the best person to reach out to see your options for home loans. They can give you a multitude of options according to your situation. In the meantime, to give you an estimate of your monthly repayments, you can use our home loan eligibility calculator.

      Hope this helped. Feel free to reach back out for further assistance.

      Cheers,
      Nikki

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    ManiAugust 16, 2018

    What are the options for Self employed with one year financials?

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      JhezelynAugust 16, 2018Finder

      Hello Mani,

      Thank you for your comment.

      If you’re self-employed and is interested in a home loan, you can check low documentation (low-doc) loan which is designed to cater to applicants who are working for themselves. Please note that different lenders have different application requirements, so it’s best to check your eligibility and ensure meeting the requirements before submitting an application.

      You may check our low doc home loan guide and see the tips on how to compare such loans. After comparing the products in our panel, you can click the “Go to site” button or the “Enquire now” button and discuss with the lender your eligibility.

      It’ll be best to seek advise from a mortgage broker and discuss options based on your needs.

      Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

      Regards,
      Jhezelyn

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