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.