Paying too much interest? Switch to one of September’s sharpest home loan rates
Key takeaways
- Interest rates have risen several times in 2026 and may rise even higher soon.
- But there are still several competitive home loan offers on the market with rates under 6.0%
- What's next: Here are the five best home loans on the market in September based on their Finder Scores.
A lower home loan rate is one of the best ways to save money. The lower your interest rate, the cheaper your repayments will be.
Unfortunately, it does seem that interest rates will rise again at some point in 2026, but as of right now, the best home loans on the market will still give you a variable interest rate under 6%.
Below, you can find the five highest-rated home loans on the market right now based on their Finder Scores. We've ranked all the home loans that are available with at least a 20% deposit and are for owner-occupiers with principal and interest repayments.
1. South West Slopes Bank Intro Discounted Standard Variable
The Southwest Slopes Bank Intro Discounted Standard Variable Home Loan is Finder's top-scoring home loan in September. It has an incredibly low variable interest rate of 5.70%, $0 application fee, no ongoing fees, and it has an offset account. It really doesn't get any more competitive than this.
2. Unloan Variable Home Loan
The Unloan Variable Home Loan is Finder's second top-scoring home loan this month with a Finder Score of 9.7. This variable rate home loan is available with a 20% deposit and it has a very low variable interest rate of 5.89% and very low fees.
This loan was a Finder Award winner in 2026 and right now it also comes with a $1,000 Finder Reward for eligible refinancers on top.
3. Coastline Bank First Home Buyer Loan
Coastline Bank's First Home Buyer Loan also scored 9.7. It has a variable rate of 5.89% with no application or ongoing fees, plus it also has an offset account. This is a really competitive offer.
4. Homestar Star Nova Variable Rate Home Loan
The Star Nova variable rate home loan from Hopestar scores 9.6. It's available with a 20% deposit, it comes with an offset account, and it has a competitive variable rate of 5.98% once again with no fees.
5. Bendigo Bank Express Variable Home Loan
And last up, also with a Finder Score of 9.6, is the Bendigo Bank Express Variable Home Loan. This is available for borrowers with a 20% deposit. It has a low variable rate of 5.89%, no application fee, and it also comes with an offset account.
It does have a small monthly fee that adds up to $120 a year.
Want a better home loan?
Check out more great home loans from across the market
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