From Quick Direct’s 4.79%: the lowest fixed and variable home loan offerings
The lowest advertised mortgage offering -fixed or variable - is a one-year fixed rate package home loan of 4.79% offered by non-bank lender Quick Direct, according to mortgage comparison websites.
The rate is 30 basis points below the lowest big four one-year fixed rate offering – NAB one-year fixed rate of 5.09% available under its package home loan offerings.
All Quick Direct package home loans require a 10% deposit.
Borrowers looking to refinance with a major bank brand can secure a one-year fixed rate home loan with UBank – NAB’s online brand – of 4.83%.
Quick Direct is a subsidiary of Sydney-based BMC Mortgage Corporation.
These are the lowest advertised variable and fixed mortgage rates based on listings on mortgage comparison websites ratecity.com.au, Mozo.com.au, infochoice.com.au and homeloanfinder.com.au as of April 22:
Where the headline rate is the same, the lender with the lowest comparison rate gets preference.
Lowest variable rate offerings:
Provider | Loan name | Rate | Comparison rate* |
Loans.com.au | Blackboard Special | 4.99% | 5.01% |
State Custodians | State Custodians Peak Performance Offset (Refinance Only) | 4.99% | 5.38% |
Loans.com.au | Dream Loan Express Variable | 5.09% | 5.12% |
Lowest one-year fixed-rate offerings
Provider | Loan name | Rate | Comparison rate* |
Quick Direct | One year fixed | 4.79% | 5.46% |
UBank | UHomeLoan for refinance fixed rate | 4.83% | 5.34% |
Loans.com.au | Dream loan express fixed | 4.89% | 5.28% |
Lowest three-year fixed-rate offerings
Provider | Loan name | Rate | Comparison rate* |
ME Bank | Member Package SMHL Standard Home Loan | 4.99% | 5.49% |
Teachers Mutual Bank | Teachers Fixed Option Loan | 4.99% | 5.90% |
ING Direct | Residential Fixed | 5.09% | 5.60% |
*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.
For information on refinancing, watch our free webinar The Do's and Don’ts of Refinancing Your Existing Home Loan ... and How to Avoid Unnecessary Hurdles.