Every month at Finder we analyse the mortgages in our database to find the home loans with the lowest interest rates.*
Our selection criteria ensure that the loans listed here are relevant for the majority of Australian borrowers. The rates on this page meet the following criteria:
- Principal and interest loans have a maximum LVR of 80%, meaning you need a 20% deposit (or lower in some cases).
- Mortgages have a minimum loan amount of $200,000 or lower and a maximum loan amount of at least $500,000 (meaning that most borrowers will have a loan size that qualifies for the product).
- Owner occupier fixed rates have a 3 year term (we've picked any year for fixed investor rates due to a smaller set of products available).
- Mortgages are currently available on Finder with rates correct as of 6 March 2019 (updated at the start of every month).
Compare some of the market's lowest fixed and variable rates for homebuyers and investors in March 2019
|Lowest variable rate||Interest rate||Comparison rate|
|Athena Variable Home Loan - Refinance (Owner Occupier, P&I)||3.49% p.a.||3.51% p.a.|
|Tic:Toc Live in Loan Variable Rate - Principal & Interest||3.57% p.a.||3.58% p.a.|
|SCU My Life Variable Rate Home Loan - $150,000+ (Owner Occupier, P&I)|
|Easy Street Standard Variable Special Home Loan||3.59% p.a.||3.62% p.a.|
|UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000||3.59% p.a.||3.59% p.a.|
|HSBC Home Value Loan - (Owner Occupier P&I)||3.59% p.a.||3.61% p.a.|
|Mortgage House Advantage Home Loan Payg Debt Consolidation||3.59% p.a.||3.62% p.a.|
|loans.com.au Essentials - Variable (Owner Occupier, P&I)||3.64% p.a.||3.66% p.a.|
|Heritage Bank Discount Variable Home Loan - LVR <=80% (Owner Occupier) New Customers Only||3.67% p.a.||3.69% p.a.|
|RACQ Bank Mortgage Saver Special Home Loan||3.69% p.a.||3.69% p.a.|
|Lowest fixed investor rate||Interest rate||Comparison rate|
|Tic:Toc Invest Fixed Rate Loan - 1 Year Fixed (Principal & Interest)||3.84% p.a.||3.91% p.a.|
|Greater Bank Ultimate Home Loan - 1 Year Fixed (Investor) P&I||3.89% p.a.||4.86% p.a.|
|CUA Fixed Rate Home Loan - 2 Year Fixed (Investor, P&I)||3.94% p.a.||5.49% p.a.|
|ANZ Breakfree Package Home Loan - 2 Year Fixed (Investor, P&I)||3.95% p.a.||5.55% p.a.|
|Bankwest Complete Home Loan Package Fixed - 2 Year Fixed LVR ≤90% (Investor, P&I & $200K+)||3.94% p.a.||5% p.a.|
|Heritage Bank Fixed Rate Home Loan - 2 Year Fixed (Investors, P&I) New Customers Only||3.99% p.a.||5.51% p.a.|
|UBank UHomeLoan - 3 Year Fixed Rate (Investor, P&I)||3.99% p.a.||4.44% p.a.|
|CUA Fixed Rate Home Loan - 3 Year Fixed (Investor, P&I)||3.99% p.a.||5.35% p.a.|
|Lowest variable investor rate||Interest rate||Comparison rate|
|Well Home Loans Balanced Variable - (Investor, P&I)||3.74% p.a.||3.79% p.a.|
|Athena Variable Home Loan - Refinance (Investor, P&I)||3.89% p.a.||3.91% p.a.|
|Tic:Toc Invest Loan Variable Rate Home Loan - Principal & Interest||3.91% p.a.||3.92% p.a.|
|loans.com.au Offset Variable - Package Offset (Investment, P&I)||3.97% p.a.||3.99% p.a.|
|UBank UHomeLoan Variable Rate -Discount Offer for Investor Variable P&I Rate||3.99% p.a.||3.99% p.a.|
|RACQ Mortgage Breaker - Choices Package Investor Special (P&I, borrowing over $150,000)||3.99% p.a.||4.38% p.a.|
|Heritage Bank Discount Variable Home Loan - LVR <=80% (Investors, P&I) New Customers Only||4.02% p.a.||4.04% p.a.|
*Our lowest variable and fixed rate home loans round-up is a monthly analysis of the cheapest loans in finder.com.au's database. The rates and other information in this page are correct at the time of publication and are subject to change. There may be lower rates on the market than the ones listed here.
Finder's low-interest rate tracker
Rates change (even when they're fixed). But with this graph you can see the lowest rates on Finder each month. This helps you understand how rates fluctuate and also helps you consider whether a fixed or variable rate is a better option for you.
Find more information about home loan rates and statistics
What if I've already got a mortgage but my rate is really high?
Most Australians borrowers don't check their mortgage rates. And that means you could be paying thousands of extra dollars in interest every year – for no reason at all.
But while your mortgage is a debt you're stuck with for a long time, you can easily switch lenders. Simply find a lower rate, make sure the mortgage suits your needs and you're eligible for it then apply (you'll need financial and identification documents, of course). If your new lender accepts your application, they will handle the changeover with your new lender. And for a few hours' work, you've saved yourself a chunk of money.
Learn how to refinance to a cheaper rate and start saving on your mortgage repayments.
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