Pacific Mortgage Group Variable Rate Review (2026)
Rates and details verified 17 May 2026
Rates can change without notice. Last verified: 17 May 2026 (AEST). Please confirm details on the bank’s official page.
Interest rate
5.59%
p.a. variable
Comparison rate
5.59%
p.a.
Investment P&I
5.84%
p.a. ≤80% LVR (comp. 5.84%)
About Pacific Mortgage Group
Pacific Mortgage Group (PMG) is an Australian non-bank lender offering competitive variable rate home loans, primarily through online channels and mortgage brokers. Their Owner Occupied Variable product charges 5.59% p.a. — one of the lowest rates available on the market at the time of verification.
The 5.59% rate applies to owner-occupied P&I loans at up to 80% LVR. For investors, PMG also publishes an investment P&I rate of 5.84% p.a. (comp. 5.84%) at the same 80% LVR — one of the more competitive investment rates in this comparison. IO rates and higher LVR loans are available on application. PMG is a smaller lender, so most interactions are handled online or through brokers.
Key Rates and Features
| Feature | Detail |
|---|---|
| OO P&I (≤80% LVR) | 5.59% p.a. (comp. 5.59%) |
| Investment P&I (≤80% LVR) | 5.84% p.a. (comp. 5.84%) |
| Interest-only (IO) | Available on request |
| Max LVR | 80% (higher LVR on application) |
| Lender type | Non-bank lender |
| Application | Online / broker |
Rates as at 17 May 2026. Check PMG's rates page for the latest.
Pros and Cons
Pros
- ✓ 5.59% p.a. — one of the lowest variable rates tracked
- ✓ Comparison rate matches headline (low hidden fees)
- ✓ Available via mortgage brokers
Cons
- ✗ 80% LVR cap — 20% deposit or equity required
- ✗ Non-bank lender — no branches, limited direct customer service
- ✗ Owner-occupied P&I only at this rate
How It Compares
- Pacific Mortgage Group: 5.59% p.a. (comp. 5.59%), 80% LVR
- People's Choice Basic Variable: 5.64% p.a. (comp. 5.65%), 70% LVR
- Unloan Variable: 5.69% p.a. (comp. 5.60%), refinance only
- Up Home Variable: 5.70% p.a. (comp. 5.70%), 100% offset
- loans.com.au Variable: 6.04% p.a. (comp. 6.08%), up to 90% LVR
PMG's 5.59% rate is the lowest in this comparison. For borrowers who need a higher LVR (up to 90%), loans.com.au is worth checking. For those who want a free offset account, Up Home is the standout.
FAQs
What is the interest rate?
5.59% p.a. variable (comparison rate 5.59% p.a.). Applies to owner-occupied P&I at up to 80% LVR.
Who is Pacific Mortgage Group?
PMG is an Australian non-bank lender offering competitive home loan rates through online channels and mortgage brokers.
Do I need a 20% deposit?
Yes — the 5.59% rate applies at up to 80% LVR, meaning you need a 20% deposit (or 20% equity for refinancers).
Comparison rate based on a $150,000 loan over 25 years. 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 may result in a different comparison rate. Information verified 17 May 2026. Confirm rates, fees, and eligibility on PMG's website before applying. This is not financial advice.