Investment Loan Rates

Every investor needs a competitive investment loan interest rate and a mortgage type that suits their strategy. Here's how you get the most suitable investment loan.

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An investment loan allows you to borrow money to buy a property, which you rent out to generate an income. It's an essential financial tool that may enable you to generate wealth through real estate.

Whether you're just starting out as a property investor or you're a landlord looking for a better mortgage, this guide will help you compare investment rates and find a competitive loan that suits your investment strategy.

UBank Home Loan Offer

UBank UHomeLoan Variable Rate - Discount Offer for Investor Variable P&I Rate

2.89 % p.a.

variable rate

2.89 % p.a.

comparison rate

UBank Home Loan Offer

Apply for the UBank UHomeLoan Variable Rate - Discounted Offer for Investor P&I and get a low variable interest rate, plus no application and ongoing fees.

  • Interest rate of 2.89% p.a.
  • Comparison rate of 2.89% p.a.
  • Application fee of $0
  • Maximum LVR: 80%
  • Minimum borrowing: $100,000
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Compare investor loan rates from 2.29%

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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
UBank UHomeLoan Variable Rate - Discount Offer for Investor Variable P&I Rate
2.89%
2.89%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required.
Athena Liberate Home Loan - 70% to 80% LVR Investor, P&I
2.79%
2.74%
$0
$0 p.a.
80%
A competitive investor variable rate that falls as you build equity.
homeloans.com.au Low Rate Home Loan with Offset - LVR 60% to 80% (Investment, P&I)
2.54%
2.56%
$0
$0 p.a.
80%
This investment loan keeps fees low, has a sharp interest rate and comes with a 100% offset account. This loan is not available for construction.
Newcastle Permanent Building Society Fixed Rate Home Loan - 1 Year Fixed (Owner Occupier, P&I)
2.49%
4.12%
$595
$0 p.a.
90%
$2,000 refinance cashback
Investors can take advantage of a short term fixed rate with no ongoing fees. $2,000 cashback for eligible refinancers borrowing $250,000 or more.
UBank UHomeLoan - 1 Year Fixed Rate (Investor, P&I)
2.29%
2.84%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
Athena Evaporate Home Loan - 60% to 70% LVR  Investor, P&I
2.74%
2.71%
$0
$0 p.a.
70%
Athena's refinance offer for investors and owner occupiers.
Pepper Money Essential Prime Full Doc Home Loan - LVR >75% up to 80%
3.09%
3.29%
$599
$10 monthly ($120 p.a.)
80%
This is a competitive, flexible variable rate suitable for borrowers with a good credit history. Borrow up to 80%.
Athena Celebrate Home Loan - 60% LVR  Investor, P&I
2.69%
2.69%
$0
$0 p.a.
60%
Investors with large 40% deposits or equity can get this low variable rate. A competitive option for investors looking to refinance.
IMB Fixed Rate Home Loan - 3 Years Fixed (LVR ≤90% Investor, P&I, NSW and ACT borrowers only)
2.64%
3.56%
$449
$6 monthly ($72 p.a.)
90%
NSW and ACT customers only. A 3 years fixed rate investor which allows extra repayments to be made.
Macquarie Bank Basic Home Loan - LVR up to 70% (Investor, P&I)
2.79%
2.79%
$0
$0 p.a.
70%
Investors with a 30% deposit can get this low rate loan to fund their property portfolio. Take advantage of split and redraw facilities.
UBank UHomeLoan - 3 Year Fixed Rate (Investor, P&I)
2.29%
2.74%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
ING Orange Advantage Loan - $150k to $500k (LVR ≤ 80% Investor, P&I)
2.74%
3.08%
$0
$299 p.a.
80%
Investors can enjoy a 100% offset account, a redraw facility and flexible repayments.
UBank UHomeLoan Variable Rate - Investor Extra Offer Investor Interest Only
3.29%
3.16%
$0
$0 p.a.
80%
Pay interest only repayments with this special offer for investors.
Athena Variable Home Loan - Investor, IO
2.99%
2.81%
$0
$0 p.a.
80%
A competitive interest-only investor rate with no application or ongoing fees. Requires a 20% deposit.
UBank UHomeLoan - 1 Year Fixed Rate (Investor, IO)
2.44%
2.85%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
Pepper Money Essential Prime Alt Doc Home Loan - LVR up to 55%
3.85%
4.04%
$599
$10 monthly ($120 p.a.)
55%
A competitive rate home loan with an offset facility for self-employed borrowers.
UBank UHomeLoan - 5 Year Fixed Rate (Investor, P&I)
2.74%
2.83%
$395
$0 p.a.
80%
Lock in a 5 year fixed rate on your investment loan and pay no ongoing fees.
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Credit services for Aussie Select, Aussie Activate and Aussie Elevate 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 (“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 Activate products is provided by Pepper Finance Corporation Limited ACN 094 317 647 (“Pepper”). Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. Credit services for Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 (“Aussie”) and its appointed credit representatives. Aussie is a trade mark of AHL Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL / Australian Credit Licence 237879.

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. ©2020 AHL Investments Pty Ltd ABN 27 105 265 861 Australian Credit Licence 246786.

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Lowest investment rates for November 2020

These are the lowest investment rates in our database for September, with minimum deposit sizes of 20% or lower. There may be lower rates on the market.

The basics of investment loans explained

Investment loans are a type of home loan. Like other mortgages they have standard features like:

  • Interest rate. The interest rate determines your borrowing costs.
  • Comparison rate. This rate factors in fee costs to the investment loan rate, giving you a clearer idea of your loan costs.
  • LVRs. Loan to value ratio, or LVR, is the amount you can borrow relative to the value of your investment property. An 80% maximum LVR means you need a 20% deposit.
  • Fees. Most investment loans are attached to some fees, such as an application or settlement fee. You may also need to pay government or statutory fees, if you're refinancing. Be sure to ask your lender for an estimate so you can factor in these fees when comparing loans.
  • Features. Many investment loans offer features that you can use to your benefit, such as allowing extra repayments (so you can pay the loan off sooner), or redraw facilities. Some may even come with 100% offset accounts.

Investment loans tend to have higher interest rates than loans for owner occupiers (people buying homes to live in). As an investor, your loan needs may differ from ordinary home buyers, too.

For instance, you may not be looking to buy a family home and pay off your debt as fast as possible. Instead, you may be aiming to keep your tax-deductible investment loan as high as possible, while you focus on paying off your non tax-deductible home loan. With an investment property, you're aiming to create wealth, so your finance needs may be different.

An investment loan comes with tax deduction benefits too; this is something you should discuss with your accountant, as there are a number of tax benefits of owning an investment property. .

Let's take a look at a few different types of investment loans and how they work. This will help you make a better decision.

Investment loan rate types

Investment loan rates can be:

  • Variable. Investment mortgages can have variable rates that can change at any time. These loans typically have more features and flexibility than fixed rate loans. They may be lower or higher than a fixed rate; this is because they are determined by a number of current economic factors, including the cash rate as set by the Reserve Bank of Australia (RBA). If the RBA cash rate is 0.25%, this means the bank has borrowed your loan funds at that rate. They then charge you 2.5%, meaning they have added a margin of 2.25% onto the loan. If and when the RBA changes interest rates, or if your lender decides to increase or reduce interest rates, your loan repayments will change as well.
  • Fixed. Investors also have the option to lock their repayments in place with a fixed rate investment loan. Fixed rates are priced very differently to variable rates, as they are determined based on what the bank or lender thinks interest rates will be in the future. For instance, if you select a two-year fixed rate, your bank will offer you an interest rate based on what changes they expect from the market over that period. The benefit of a fixed rate is consistent repayments; knowing exactly how much you owe each month can be very useful. Be aware however that fixed rates are less flexible and more costly to refinance than variable rate loans.
  • Split. The majority of lenders will allow borrowers to split their loan into fixed and variable portions so they can enjoy some of the benefits of both types. For instance, if you wish to borrow $500,000, you could fix $300,000 and borrow the remaining $200,000 under a variable rate.

Learn more about fixed versus variable rates

Investment loan repayment types

Beyond the rate type, you also need to choose a repayment type. You have two choices here: principal-and-interest or interest-only. Note that with both types, you can generally choose variable or fixed rates:

  • Principal-and-interest repayments. With these loans, you repay a small amount of the money you've borrowed (the loan principal) and the interest together. With this type of loan, with every repayment, your debt reduces slightly and your equity grows.
  • Interest-only repayments. Many investors opt for an investment loan with interest-only repayments. With these loans you only repay the interest at first, which makes for smaller repayments. The other benefit is that the interest on an investment loan is tax-deductible, but the principal isn't – so many investors will take out an interest-only loan on their rental property, while they pay more towards their (non tax-deductible) owner-occupier home loan. Generally, interest-only loans are available for 1-5 year loan-terms, after which the loan reverts to principal-and-interest.

When considering repayment types, note that principal-and-interest rates are typically lower than interest-only rates.

Australian investment loan statistics at a glance

Here are some of the latest statistics on investment loan rates and loan values, based on Finder's own data and the Australian Bureau of Statistics. We update this information every month. Learn more about our lowest rate tracking methodology and see more home loan statistics here.

How do I compare investment loans?

Property investors should consider the following when finding the ideal mortgage:

  • Interest rate. For any borrower, a lower interest rate means lower repayments, which makes your investment property less expensive. But interest on investment loans is a tax deductible investment expense, so getting the absolute lowest rate is less important than getting the right loan to suit your investment purpose.
  • Fees and charges. Avoiding fees where possible can also help make your loan cheaper, but again, mortgage fees for investors are generally tax-deductible.
  • Loan type. As well as choosing between a fixed or variable rate type, you should consider whether you want interest-only or principal-and-interest repayments. The length of the loan is also important, especially if you are refinancing – do you wish to take out a standard 30-year loan, or would a shorter period be more suitable?
  • Loan features. Mortgage features like an offset account can be very helpful – not to mention financially rewarding – if you know how to take advantage of them. It all depends on your investment strategy.
  • Borrowing capacity. Every lender will offer you a different amount of money, depending on their own policies, criteria and risk profile. Some may lend a lot more (or a lot less) than others. It's worth looking at multiple lenders to get an estimate of your borrowing power before deciding on one particular loan or lender.

What does an investment loan comparison rate mean?

In Australia, all home loans come with two rates: the interest rate and the comparison rate. The comparison rate is a legal requirement that factors in the cost of fees in addition to interest. All comparison rates are calculated on a hypothetical home loan valued at $150,000 and they don't provide specific details about your own potential costs. While a comparison rate is helpful because it highlights the cost of fees, you're better off looking at the loan fees in detail for yourself.

Investment strategies and more

Two investors looking at paperwork together.

The type of investment loan you need depends heavily on your investment strategy. Some investors may prefer a simple "buy and hold" strategy of collecting rent, paying off the mortgage and planning for capital growth.

Some investors, confident of a boom in prices, may only hold their investment for a few years before they try to sell at a profit. This more daring strategy often involves making smaller interest-only payments (meaning you don't repay the loan principal itself until you sell).

Negative gearing is another factor that many investors take advantage of; this is a tax strategy that can help make the cost of owning an investment property far more affordable..

It may also be possible to purchase an investment via a self managed super fund (SMSF) loan or fund part of your investment by borrowing equity in your own home through a line of credit loan.

Investment tax deductions

Australian property investors can take advantage of a number of tax deductions related to their property investment. This means your investment costs can end up shrinking your overall tax bill.

Investors can claim deductions such as:

  • Mortgage interest payments
  • Property insurance
  • Council rates and strata fees
  • Property management expenses
  • Repairs and maintenance

There's a lot more you can claim. Read our guide to tax and property investment for more.

How do I apply for an investment home loan?

Lenders treat investment properties as higher risk purchases, which means it can be more complicated to get an investment loan approved than it may be for an owner-occupier loan.

Here are some tips for a successful investor loan application:

  • Check your credit score. A quick check of your credit score is a good idea to make sure you don't have any debts or credit problems that could harm your application.
  • Save a bigger deposit. Having a 20% deposit is an advantage when applying as an investor, as it means you don't have to seek approval of a lender's mortgage insurer.
  • Get all your paperwork together. Having a strong application supported by financial documentation is a must. Here's a checklist of what you need.
  • Trim your spending. Lenders examine an applicant's spending very carefully. Cutting back on unnecessary purchases in the three months leading up to your application may boost your chances of approval.
  • Choose your property carefully. Lenders use your property as security. If the property you're buying looks like a riskier investment due to its size, property type or location, they might reject your application. Buying a small unit in a postcode where there is an oversupply of such properties could be a red flag, for example. Talk to the lender before applying.
  • Talk to a mortgage broker. A qualified broker can help match you up with a bank or lender whose policies and criteria best suit your personal situation. They can help with the paperwork too.

Organise a free chat with a mortgage broker today

How property type can impact your home loan approval

Profile photo of property and investment expert Cate Bakos.

"Assuming a lender will accept every property is a mistake," buyer's advocate and property investment advisor Cate Bakos tells Finder. "I've seen investors purchase properties with limited kitchen facilities in place only to be shocked when the property is rejected altogether by the lender."

"Buyers also need to be confident that they aren't paying too much. Conducting recent comparable sales analysis, and focusing on recently sold properties on similar land size, with similar layout, style and age in a similarly regarded street is crucial. If they can't identify properties to support the price they are prepared to pay, they need to anticipate that the lender's valuer may not be able to justify it either."

Are you ready to be an investor?

Property investment can be both risky and rewarding. Rental income and capital gains are never guaranteed. Before taking the plunge, here are some of the potential risks and benefits you should think about.

Risks

  • Costs. There are also many upfront costs for investors, including lenders mortgage insurance (LMI), stamp duty, building and pest inspections, conveyancing and legal charges. This is all on top of the deposit!
  • Ongoing maintenance. As the owner of the property, you'll be responsible for covering ongoing costs such as repairs and maintenance. Strata fees and council rates will be payable, too.
  • Managing tenants. Being a landlord means dealing with the tenants in the property. You can do it yourself or outsource this work to a property manager, who will charge a percentage of the rent as commission.
  • Selling can take time. Depending on the location and type of property, selling can take some time, which is why property is not considered a very liquid asset. If you need to sell to access your investment funds on short notice, then property might not be the ideal investment vehicle for you.

Benefits

  • Rental income. You may earn a rental income equal that puts cash in your pocket right away; some investors may enjoy returns of $50, $100 or more every week, over and above the costs of owning the property. You can invest this money into the mortgage to pay the loan off sooner, or use these funds to supplement your own income.
  • Capital gain. Many investors buy property with an eye on the long-term gains, so they're aiming for future price appreciation. When it comes time to sell your property, you may benefit from making a capital gain if the value of your property has risen. You could potentially grow wealth far more effectively with property than through savings alone.
  • Tax and depreciation benefits. You can deduct investment loan interest charges and other investment costs from your income tax each month, making the cost of owning a property far more affordable.
  • The potential to add value. Unlike shares or other investments, you may be able to manufacture equity or price appreciation in your property asset by adding value through renovations.

More guides and information to help you make a better decision

More guides on Finder

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31 Responses

  1. Default Gravatar
    Gordon'sSeptember 2, 2019

    We owe $280,000 on an investment property, that’s 7 years old and has always been rented out. We had a $400,000 loan on the new property. We would like to renew our loan for a lower percentage rate, currently 4.24%. What’s the best way to go about this, and is it worth it to change?

    • Avatarfinder Customer Care
      JeniSeptember 3, 2019Staff

      Hi Gordon,

      Thank you for getting in touch with Finder.

      I understand that you’re at the state of considering to refinance your new home loan or the investment property loan. Since you’re thinking to refinance for a lower interest rate, it is best to speak to a mortgage broker on this matter as they can provide a more accurate info on refinancing your mortgages.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    TazzaAugust 14, 2019

    I am 58 and husband 65. We are working overseas. We would like to buy a property in Nelson Bay and keep our property in Gosford. We would need to borrow the whole amount for the Nelson Bay property and spread the loan over the two properties. We would rent both. When we retire we will sell one and live in the other. Will anyone lend about 600 k to someone our age?

    • Avatarfinder Customer Care
      JeniAugust 14, 2019Staff

      Hi Tazza,

      Thank you for getting in touch with Finder.

      Yes, that it is possible to take out a mortgage with many leading Australian lenders. However, you will need to go the extra mile to prove your ability to repay the loan. Please check out this page for more info on this matter.

      I also suggest that you seek help from a mortgage broker since they’d be able to help you further in looking for providers that offer the cheapest rate.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    SuzetteSeptember 24, 2018

    What does P&I mean?

    • Avatarfinder Customer Care
      JeniSeptember 24, 2018Staff

      Hi Suzette,

      Thank you for getting in touch with finder.

      P&I stands for principal and interest. Principal is the amount of money you have borrowed from the bank (minus your repayments). Interest is the money charged on top of the principal and is calculated based on the interest rate and the size of the principal.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  4. Default Gravatar
    SonjaAugust 9, 2016

    Hi

    I applied for an owner/occupier home loan with a bank but they were unable to offer me the amount I wanted. I was advised by them that I could instead apply for a loan as an investor which would obtain me a higher loan amount as they would factor in potential rental income – and then after obtaining the loan, advising them I’d ‘changed my mind’ and wished to live in the property and switch to the occupier home loan instead.

    This seems kind of ‘dodgy’ to me – is it legal? Are there any ramifications to doing this, eg is stamp duty and taxes higher on investment properties than on owner/occupied?

    thanks a lot

    Sonja

  5. Default Gravatar
    KarenMarch 8, 2016

    We are building a house on land that we own. We may rent we may choose to live in the house. Are we able to take out a home loan even if we choose to rent the property once built?

    • Avatarfinder Customer Care
      BelindaMarch 10, 2016Staff

      Hi Karen,

      Thanks for reaching out.

      At the time of applying for a home loan, you’ll need to have a fairly clear idea of whether the loan is for owner-occupier or investment purposes. This is because the structure of the loan will be catered to the loan purpose and your needs. For instance, if you initially took out an owner-occupier line of credit home loan but then later decided to turn the property into an investment, you would not benefit from tax incentives from this kind of structure.

      However, circumstances do change. Your best course of action would be to speak to a licensed mortgage broker regarding your borrowing options and the best type of loan for your purchase.

      Thanks,
      Belinda

  6. Default Gravatar
    DebJanuary 20, 2016

    Am I eligible to apply for an ‘investment loan” if just buying a vacant block of land?

    • Avatarfinder Customer Care
      BelindaJanuary 21, 2016Staff

      Hi Deb,

      Thanks for reaching out.

      This will depend on the lender’s eligibility criteria for the home loan. Above on this page you can compare a range of home loans that are suited for investment purposes and you can fill out the form to speak to a mortgage broker to discuss your borrowing options.

      Alternatively, you learn more about vacant land home loans here and compare construction home loans on this page.

      Due to the conservative approach that lenders take towards vacant land home loans, many offer a lower maximum loan-to-value (LVR) ratio and as a result you may need to save a larger deposit.

      Kind regards,
      Belinda

  7. Default Gravatar
    craigNovember 25, 2015

    Are your investment loan rates applicable to a self managed super fund?

    • Avatarfinder Customer Care
      MarcNovember 25, 2015Staff

      Hi Craig,
      thanks for the question.

      Investment home loan rates generally do not apply to SMSF lending. For SMSF home loans, check out our guide and comparison table here.

      I hope this helps,
      Marc.

  8. Default Gravatar
    HelenAugust 20, 2015

    what is LVR?

    • Avatarfinder Customer Care
      BelindaAugust 20, 2015Staff

      Hi Helen,

      Thanks for your enquiry.

      The loan-to-value (LVR) ratio refers to the size of a loan in relation to the value of a property, expressed as a percentage.

      For instance, if you’re looking to purchase a property for $500,000 and you need a loan of $400,000 to purchase it, then your LVR would be 80%.

      You can read about how to calculate the LVR for your loan on this page.

      I hope this clarifies things for you.

      Thanks,
      Belinda

  9. Default Gravatar
    IdaAugust 12, 2015

    Hello Belinda
    I am looking to refinance my investment loan, I am renting out a factory. Could you help me please.

    • Avatarfinder Customer Care
      BelindaAugust 13, 2015Staff

      Hi Ida,

      Thanks for your enquiry.

      finder.com.au is an online comparison service so we can’t offer personalised advice about how to refinance your investment loan, but rather we can offer general information to help you make a more informed decision.

      On this page and this page you can read our property investment guide and learn about the process involved when refinancing. You can also compare a range of home loans that are suited for investment purposes.

      Please be mindful of any switching or exit fees you may be charged by your existing lender as well as the application fees charged by your new lender. You can use our refinancing calculator here to weigh up the costs involved.

      Thanks,
      Belinda

  10. Default Gravatar
    JacksonJune 26, 2015

    Hi.
    My question is in regards to LMI when accessing equity.
    let say I bought A property with an LVR of 95% and paid LMI. If I access some equity or refinance whilst keeping the new LVR at 95% would I have to pay LMI again? if so would it be the full amount or just the difference? and how ould this be calculated. I dont want to wait untill I have enough equity to take some money and have a remaining LVR of 80%.

    Thanks

    • Default Gravatar
      JodieJune 26, 2015

      Hi Jackson,

      Thank you for contacting finder.com.au, a financial comparison website.

      LMI is due in full on any loan that goes above 80% LVR no matter if it is a new loan or refinancing from an old loan and it calculated on based on the specifics of the loan.

      Your property price may have gone up so you may be able to refinance without incurring LMI, you may be eligible for a rebate from your current LMI policy all you have to do is discuss this with the provider of your LMI.

      If you are looking to refinance in order to purchase an investment property we have a page that gives great tips on refinancing for investments.

      Regards
      Jodie

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