Compare Home Loan Rates
Compare current mortgage rates from Australia's leading lenders. Find the lowest interest rate and comparison rate for your home loan.
Home Loan Comparison
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Calculate your repayments
Use our mortgage calculator to see exact weekly, fortnightly and monthly repayments based on your loan amount and chosen rate.
Check your borrowing capacity
Your take home pay determines what you can actually afford. Calculate your after-tax income first.
Budget for your repayments
See how a mortgage fits into your full monthly budget — including all your other living expenses.
How to Compare Home Loans in Australia
Choosing the right home loan is one of the most important financial decisions you will make. Even a small difference in interest rate can save — or cost — tens of thousands of dollars over the life of a 30-year mortgage. Our comparison table shows current rates from Australia's leading lenders so you can find the best deal for your situation.
Interest rate vs comparison rate
The interest rate is the base rate charged on your loan. The comparison rate includes the interest rate plus most fees and charges, expressed as a single percentage. Always compare the comparison rate — not just the interest rate — as a low headline rate with high fees can cost more overall. Under Australian law, lenders must display the comparison rate alongside their advertised rate.
Variable vs fixed rate home loans
A variable rate loan moves up and down with the RBA cash rate and lender decisions. A fixed rate loan locks your rate for a set period — typically 1 to 5 years. Variable loans offer more flexibility including extra repayments and offset accounts. Fixed loans provide certainty over repayments for the fixed period but usually have break costs if you exit early.
What is LVR?
LVR stands for Loan to Value Ratio — the amount you are borrowing as a percentage of the property value. For example, a $500,000 loan on a $625,000 property has an LVR of 80%. Most lenders require Lenders Mortgage Insurance (LMI) when the LVR exceeds 80%, which adds to your loan cost. Keeping your LVR at or below 80% avoids LMI.
Tips for getting the best home loan rate
- Compare at least 3-5 lenders before applying — don't just go with your existing bank
- Consider using a mortgage broker — they can access rates not available directly
- A higher deposit (20%+) avoids LMI and often unlocks better rates
- Review your mortgage rate every 2-3 years — loyalty rarely pays in banking
- Check the comparison rate, not just the headline interest rate
Use our mortgage calculator to see weekly, fortnightly and monthly repayments for any rate.
All information is general in nature and does not constitute financial advice. Rates shown are indicative only. Please consult a licensed mortgage broker or financial adviser before applying for a home loan.