Mortgages
Compare fixed and variable rates, features, and fees side by side. Last updated: 05/09/2025
Rates can change without notice. Last verified: 05/09/2025 (AEST). Please confirm details on the bank’s official page.
Choosing a home loan is a long-term decision. Start by considering your deposit size, repayment comfort, and whether you value certainty (fixed) or flexibility (variable).
| Lender | Product | Rate | Comparison rate | Features / notes | Verified | Action |
|---|---|---|---|---|---|---|
| Unloan (CBA) | Refinance Variable | 5.24% | 5.15% | Refinance up to 80% LVR; 0.01% p.a. loyalty discount added each year (max 0.30%). | 2025-09-05 | |
| loans.com.au | Variable Home Loan | 5.29% | 5.33% | Borrow up to 90% LVR; no monthly or ongoing fees; offset sub-account optional (+0.10%). | 2025-09-05 | |
| Pacific Mortgage Group | Owner Occupied Variable | 5.14% | 5.14% | Owner-occupied P&I at 80% LVR as shown on official rates page. | 2025-09-05 | |
| Up Home | Variable Rate Loan | 5.2% | 5.2% | Free 100% offsets; no application/setup/monthly/annual fees; Up shows a single number for annual & comparison rate. | 2025-09-05 | |
| People’s Choice | Basic Variable | 5.24% | 5.25% | Based on 70% LVR, OO P&I Basic Variable shown on official rates page; terms, fees and lending criteria apply. | 2025-09-05 |
What to Look For in a Home Loan
- Interest type: Fixed, variable, or split arrangements.
- Comparison rate: Helps compare true cost including most fees.
- Fees: Application, ongoing, discharge; watch for package fees.
- Features: Offset account, redraw, extra repayments, portability.
- LVR & eligibility: Deposit size, income verification, property type.
Who Might This Suit?
- First-home buyers: LMI considerations, grants, and fixed-rate certainty.
- Upgraders: Features like offset/redraw for flexibility.
- Refinancers: Competitive rates and low switching costs.
FAQs
Fixed vs variable home loans — which is better?
Fixed rates provide repayment certainty for a set term. Variable rates can move with the market and may offer more flexibility. The right choice depends on your risk tolerance and plans.
What is a comparison rate?
A comparison rate includes the interest rate plus most fees and charges, expressed as a single percentage, to help you compare loans on a more like-for-like basis.
How much deposit do I need?
A 20% deposit helps you avoid lenders mortgage insurance (LMI). Some lenders accept lower deposits, but costs and eligibility criteria apply.
Information is general in nature and may change without notice. Check rates, eligibility and fees on the lender’s website before applying.