Compare Home Loan Interest Rates in Australia
Check Home Loan Rates and Compare Loan Features in One Place
When reviewing home loan interest rates, the lowest rate isn’t always the most cost-effective. The right loan structure, features and flexibility can create greater long-term savings. Compare variable, fixed and interest-only options from more than 40 lenders. Explore how offset accounts, extra repayments and loan splits may support your goals. If you need help, a Mortgage Broker can help you assess the options and recommend a tailored solution.
Compare Interest Rates
When comparing home loan interest rates, it’s important to look beyond the headline rate.
The right loan structure can save more over the long term than simply choosing the lowest interest rate on paper.
Focus on features, flexibility and long-term suitability so your loan continues to support your financial goals over time.
Comparison Rate
The comparison rate reflects the true cost of the loan by including standard fees and charges.
A loan with a lower advertised rate but a higher comparison rate often means you’ll pay more overall.
The comparison rate helps you compare lenders on equal footing.
Offset Account
A 100% offset account can significantly reduce the interest you pay by offsetting your loan balance with your savings.
For many borrowers, an offset account saves more over the life of the loan than simply selecting the loan with the lowest rate.
An offset account allows you to actively reduce interest daily while maintaining access to your funds.
Extra Repayment Flexibility
Look for the ability to make additional repayments without penalty.
Being able to pay extra—even small amounts—can cut years off your loan term and reduce your total interest payable.
Loans with flexible repayment features often deliver greater long-term savings than loans with strictly lower rates but fewer repayment options.
Fixed vs Variable vs Split
Variable Rates offer flexibility, access to offset/redraw, and the ability to repay faster. Rates may change over time.
Fixed Rates provide certainty over repayments for a set term, helpful for budgeting or during rising rate environments. Typically less flexible.
Split Loans combine fixed and variable portions to balance certainty and flexibility.
This can suit borrowers who want stability while still being able to make extra repayments or use an offset.
Interest-Only Considerations
Interest-Only repayments may be beneficial for investors, providing short-term cash flow advantages and aligning with negative gearing strategies.
However, Interest-Only loans eventually revert to Principal & Interest (P&I) repayments, which will be higher.
It is important to consider a transition plan and ensure the strategy aligns with your long-term investment goals.
Crunch the Numbers
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