Lowest home loan rate offerings: Fixed and variable

Lowest home loan rate offerings: Fixed and variable
Lowest home loan rate offerings: Fixed and variable

Property Observer has scoured mortgage comparison websites to determine the lowest variable rate home loan and one- and three-year fixed home loans currently available.

Lowest variable rate offerings:

Provider

Loan name

Rate

Comparison rate**

UBank

UHomeloan Refinance

5.62%

5.62%

Nationwide Mortgage

True Saver Home Loan

5.65%

5.65%

Loans.com.au

Dream Catcher

5.65%

6.00%

Lowest one-year fixed-rate offerings

Provider

Loan name

Rate

Comparison rate*

UBank

UHomeloan Refinance

5.58%

5.80%

Bank of Melbourne*

Fixed loan (Advantage Package)

5.59%

6.83%

CUA

Fixed rate home loan

5.65%

6.25%

Illawarra Credit Union

Fixed rate loan

5.65%

6.01%

* Rate also available through other Westpac bank brands – BankSA, St.George

Lowest three-year fixed-rate offerings

Provider

Loan name

Rate

Comparison rate*

Bank of Queensland

Fixed loan

5.55%

6.67%

RAMS

RAMS Fixed rate

5.59%

6.80%

Bank of Melbourne*

Fixed loan (Advantage Package)

5.59%

6.49%

*Rate also available through other Westpac bank brands – BankSA, St.George

Those readers thinking about refinancing their home loan should sign up for Property Observer’s free webinar: Refinancing and the interest rates riddle, taking place today (31 July) a 12:30pm AEST.

 **A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.

***The following results are based on advertised mortgage rates listed by ratecity.com.au, Mozo.com.au and infochoice.com.au as of July 30.

Larry Schlesinger

Larry Schlesinger

Larry Schlesinger was a property writer at Property Observer

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