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Updated 30 September 2026 · 35 lenders

Compare home loans

Lenders, features and costs side by side

To compare home loans, put each loan's comparison rate, fees and features side by side at the amount you plan to borrow, using the lender's Key Facts Sheet. No bank is cheapest for everyone: the rate you are offered depends on your deposit, income, credit history and whether you will live in the property. The table below lists the home loan lenders we cover with a link to each one's current rates, and a mortgage broker can compare the lenders on their panel for you.

Get matched with a broker See the home loans lenders
Written by Sarah ChenReviewed by James Mitchell, Editor-in-ChiefLast reviewed Published

Home loan lenders compared

Every home loan lender in our directory, what kind of lender it is and the home loan products it offers, with a link to its current rates.

Home loan lenders compared: each lender's type, the products it offers and its current rate
Westpac Banking CorporationMajor bankProducts:
  • Variable
  • Fixed 2yr
  • Fixed 3yr
Current rate:
6.39%p.a.
6.77% p.a. comparison rate*
Premier Advantage Variable · Rocket Repay variable with offset in the Premier Advantage Package ($395 annual fee), owner-occupier P&I, loans over $150,000, LVR up to 70%. Westpac has announced changes to its variable rates effective 9 October 2026; this rate was captured before that date.
UnloanMajor-bank brandProducts:
  • Variable
Current rate:
5.89%p.a.
5.80% p.a. comparison rate*
Live-In Home Loan · Live in (owner-occupier), P&I, up to 80% LVR; includes the 0.01% p.a. year-one loyalty discount; no Unloan fees.
ING AustraliaTier-2 bankProducts:
  • Variable
  • Fixed 2yr
  • Fixed 5yr
Current rate:
6.04%p.a.
6.07% p.a. comparison rate*
Mortgage Simplifier Variable · Mortgage Simplifier variable, owner-occupier P&I, LVR 60% or less (lowest tier), minimum total borrowings $150,000.
Macquarie BankTier-2 bankProducts:
  • Variable
  • Fixed 2yr
  • Investor variable
Current rate:
6.04%p.a.
6.29% p.a. comparison rate*
Offset Variable Home Loan · Offset Home Loan, owner-occupier P&I, LVR ≤60% (lowest tier); annual fee applies. Macquarie has announced a 0.25% p.a. increase to its variable rates effective 15 October 2026; this rate was captured before that date.
Bank AustraliaCustomer-ownedProducts:
  • Variable
Current rate:
6.13%p.a.
6.13% p.a. comparison rate*
Basic Home Loan · Basic Home Loan variable, owner-occupier P&I, LVR ≤60% (lowest tier); no establishment or annual fee.
Beyond Bank AustraliaCustomer-ownedProducts:
  • Variable
Current rate:
6.09%p.a.
6.44% p.a. comparison rate*
Total Home Loan Package Variable · Total Home Loan Package variable, LVR ≤60% (lowest tier); $395 annual package fee. Investment loans have a separate rate schedule.
Defence BankCustomer-ownedProducts:
  • Variable
Current rate:
6.24%p.a.
6.24% p.a. comparison rate*
Variable Home Loan · Premier Low Rate home loan, variable "from" rate (investor version priced separately); comparison on a $150,000 secured loan over 25 years.
IMB BankCustomer-ownedProducts:
  • Variable
  • Fixed 2yr
Current rate:
5.99%p.a.
6.02% p.a. comparison rate*
Budget Home Loan Variable · Budget Home Loan, owner-occupier P&I, LVR up to 70% (lowest tier); includes IMB's current discount margin.
Newcastle Permanent (Newcastle Greater Mutual Group)Customer-ownedProducts:
  • Variable
  • Fixed 2yr
  • Fixed 3yr
Current rate:
5.94%p.a.
5.98% p.a. comparison rate*
Real Deal Home Loan Variable · Real Deal Home Loan special rate for new borrowers (minimum loan size applies), owner-occupier P&I, LVR 80% and below.
Athena Home LoansDigital-firstProducts:
  • Variable
Current rate:
6.24%p.a.
6.24% p.a. comparison rate*
Straight Up · Straight Up variable, owner-occupier P&I, LVR 0-50% (lowest tier); no fees.
Show all 35 lenders
Home loan lenders compared, continued
Australia and New Zealand Banking GroupMajor bankProducts:
  • Variable
  • Fixed 2yr
  • Fixed 3yr
  • Investor variable
  • Refinance
Current rate: ANZ rate card (opens in a new tab)
Commonwealth Bank of AustraliaMajor bankProducts:
  • Variable
  • Fixed 2yr
  • Fixed 3yr
Current rate: CommBank rate card (opens in a new tab)
National Australia BankMajor bankProducts:
  • Variable
  • Fixed 2yr
  • Fixed 3yr
Current rate: NAB rate card (opens in a new tab)
Bank of MelbourneMajor-bank brandProducts:
  • Variable
  • Fixed 2yr
Current rate: Ask a broker
BankSAMajor-bank brandProducts:
  • Variable
  • Fixed 2yr
Current rate: BankSA rate card (opens in a new tab)
BankwestMajor-bank brandProducts:
  • Variable
  • Fixed 2yr
  • Fixed 3yr
Current rate: Bankwest rate card (opens in a new tab)
St.George BankMajor-bank brandProducts:
  • Variable
  • Fixed 2yr
Current rate: Ask a broker
Suncorp BankMajor-bank brandProducts:
  • Variable
  • Fixed 2yr
Current rate: Suncorp Bank rate card (opens in a new tab)
UBankMajor-bank brandProducts:
  • Variable
  • Fixed 2yr
Current rate: UBank rate card (opens in a new tab)
Bank of QueenslandTier-2 bankProducts:
  • Variable
  • Fixed 2yr
Current rate: BOQ rate card (opens in a new tab)
Bendigo and Adelaide BankTier-2 bankProducts:
  • Variable
  • Fixed 2yr
Current rate: Ask a broker
ME BankTier-2 bankProducts:
  • Variable
Current rate: Ask a broker
Heritage Bank (People First Bank)Customer-ownedProducts:
  • Variable
Current rate: Ask a broker
People First BankCustomer-ownedProducts:
  • Variable
Current rate: Ask a broker
Police BankCustomer-ownedProducts:
  • Variable
Current rate: Ask a broker
Teachers Mutual BankCustomer-ownedProducts:
  • Variable
Current rate: Teachers Mutual rate card (opens in a new tab)
Bluestone MortgagesNon-bankProducts:
  • Variable
Current rate: Ask a broker
FirstmacNon-bankProducts:
  • Variable
  • Fixed 2yr
Current rate: Ask a broker
La Trobe FinancialNon-bankProducts:
  • Variable
  • Refinance
Current rate: La Trobe Financial rate card (opens in a new tab)
Liberty FinancialNon-bankProducts:
  • Variable
Current rate: Liberty rate card (opens in a new tab)
Pepper MoneyNon-bankProducts:
  • Variable
Current rate: Pepper Money rate card (opens in a new tab)
RedZedNon-bankProducts:
  • Variable
Current rate: RedZed rate card (opens in a new tab)
Resimac GroupNon-bankProducts:
  • Variable
Current rate: Ask a broker
Tic:Toc (now Tiimely Home)Digital-firstProducts:
  • Variable
Current rate: Tic:Toc rate card (opens in a new tab)
HSBC Bank AustraliaForeign bankProducts:
  • Variable
Current rate: Ask a broker

Inclusion is editorial reference, not a recommendation. Rates change often, so we only show a rate we captured from the lender's own page in the last 60 days, with a link to that page; otherwise we link to the lender's rate card where it publishes one. The broker you are matched with compares the lenders on their own panel.

* WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees, or other loan amounts might result in a different comparison rate. Home loan comparison rates are based on a secured loan of $150,000 over 25 years.

Comparison rate warning: a home loan comparison rate is calculated on a $150,000 loan over 25 years. It is true only for that example and may not include all fees and charges; different terms, fees or loan amounts give a different comparison rate.

How to compare home loans

Moneysmart's advice is to work out how much you can afford to borrow, then compare loans from at least two lenders on interest rate, fees and features. These are the six things to line up.

  1. Start with the comparison rate, then check what it leaves out

    The comparison rate rolls the interest rate and most fees into one figure, calculated by law on a $150,000 loan over 25 years. It leaves out fees for optional features such as an offset account, government charges such as stamp duty and mortgage registration, and fee waivers, so two loans with the same comparison rate can cost you different amounts. How comparison rates work.

  2. Get the Key Facts Sheet at your own loan amount

    A home loan Key Facts Sheet shows a personalised comparison rate and the total you would repay, including fees, for the amount and term you enter. Moneysmart suggests getting one for every loan you are comparing, from the lender's website, the lender directly or your broker.

  3. Count the fees the rate does not show

    Ask each lender for its establishment fee, any monthly or annual fee (including package fees), the discharge fee when you leave, and on a fixed rate, how break costs are worked out if you repay or refinance early. Fixed rate break costs.

  4. Value the features you will actually use

    An offset account only saves interest if you keep money in it. Moneysmart's example: with $50,000 in an offset account against a $750,000 loan, you pay interest on $700,000; if your offset balance will always be low, the feature may not be worth paying for. Offset accounts explained.

  5. Decide fixed, variable or split before you compare rates

    A fixed rate usually lasts one to five years and your repayments do not change in that time; a variable rate can go up or down; a split loan fixes part and leaves the rest variable. Ask what rate applies when a fixed or introductory rate ends, because that is the rate you pay for most of the loan. Fixed or variable.

  6. Check the deposit, LMI and eligibility rules

    Most lenders charge lenders mortgage insurance (LMI) when you borrow more than 80% of the property's value, and LMI protects the lender, not you. First home buyers in the 5% Deposit Scheme can buy with a 5% deposit and no LMI. Each lender also sets its own rules on income type, self-employment, credit history and the property it will accept as security. LMI explained.

How much are home loan repayments?

Monthly principal and interest repayments over 30 years, by loan amount and interest rate
Loan amountMonthly repayment at
6%p.a.6.5%p.a.7%p.a.
$400,000$2,398$2,528$2,661
$500,000$2,998$3,160$3,327
$600,000$3,597$3,792$3,992
$700,000$4,197$4,424$4,657
$800,000$4,796$5,057$5,322
$1,000,000$5,996$6,321$6,653

Illustrative monthly principal and interest repayments over 30 years, before fees and charges. Rates are examples, not offers; your rate depends on the lender and your circumstances. The Key Facts Sheet for each loan gives the repayment at your own rate and loan amount. Run your own numbers.

Home loan lenders by product type

Which lenders in our directory offer each kind of home loan. Each lender's page covers its products, eligibility and alternatives.

Fixed 5yr (1)

Home loan lenders head to head

Two lenders on your shortlist? These comparisons set their products, strengths and trade-offs side by side.

Comparing home loans: FAQs

Which bank gives the best home loans?
No single bank is best for every borrower. The best home loan for you is the one with the lowest total cost for your loan size, deposit and repayment type that also has the features you will use, and that changes as lenders reprice. Size is a different question: on APRA’s August 2026 figures, Commonwealth Bank held the most home loans of any bank, $640.1 billion or 25.6% of the housing loans on the books of the deposit-taking institutions APRA reports, followed by Westpac, NAB, ANZ and Macquarie. Compare comparison rates, fees and features at your own loan amount rather than going by size or brand.
Which bank is best for the lowest home loan interest rate?
The lender with the lowest advertised rate changes as banks reprice, and a low advertised rate can come with conditions such as a minimum deposit, owner-occupied use, principal and interest repayments or a package fee. Check what the rate applies to, compare the comparison rate rather than the headline rate, and ask what rate applies after any fixed or introductory period ends. The lender table on this page links to each lender’s current rates.
What are the best home loan rates in Australia?
The best rate is the lowest one you qualify for, and lenders set it from your deposit (the loan to value ratio), whether you live in the property or rent it out, and whether you repay principal and interest or interest only. Advertised rates change whenever a lender reprices, which often follows a Reserve Bank cash rate decision, so check each lender’s rates on the day you compare. The table above shows a rate only when we captured it from the lender’s own page in the last 60 days, and links to the lender’s rate card otherwise.
Can I get a 0% interest loan?
Not for a home loan: a genuine 0% comparison rate on a home loan does not exist. Some car dealers and retailers offer 0% finance, where the cost is usually built into the price of the goods. For essentials, the No Interest Loan Scheme (NILS), run by Good Shepherd with Australian Government funding, lends to eligible people on lower incomes with no interest, fees or charges; its household essentials loans go up to $2,000 or $3,000 depending on the item.
How much do you need to earn for a $700,000 mortgage?
There is no single income figure, because lenders work from your income after tax, your living expenses, your other debts and your dependants, and test whether you could keep up repayments if rates rose. As a starting point, a $700,000 loan over 30 years costs about $4,197 a month at 6% p.a. and $4,657 at 7% p.a. in principal and interest. Take that repayment off your take-home pay and your current spending to see what is left; the borrowing power calculator runs the same test.
How much will I need to repay monthly on a $1,000,000 mortgage?
About $5,996 a month at 6% p.a., $6,321 at 6.5% and $6,653 at 7%, in principal and interest over 30 years, before fees. Over 25 years the same loan costs about $6,752 a month at 6.5%. The repayment table on this page covers other loan sizes.
Should I compare home loans myself or use a mortgage broker?
Either works. Comparing yourself means getting a Key Facts Sheet from each lender at your loan amount and asking each one about fees, features and what happens when any fixed rate ends. A mortgage broker compares the lenders on their panel for you and, under the best interests duty in the National Consumer Credit Protection Act, must act in your best interests when recommending a loan.

Related guides

Home loan interest rates
What lenders publish and what moves your rate
Home loan repayment calculator
Repayments at your amount, rate and term
Borrowing power calculator
What you could borrow on your income
What is a comparison rate?
What it includes and leaves out
Offset accounts
When an offset pays for itself
First home buyer loans
Schemes, deposits and grants

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