Lowest rate home loan offerings: fixed and variable as of August 7
Property Observer has scoured the most well-known mortgage comparison websites to determine the lowest variable rate home loan and one- and three-year fixed home loans currently available.
The following results are based on advertised mortgage rates listed by ratecity.com.au, Mozo.com.au and infochoice.com.au as of August 7:
Lowest variable rate offerings:
Provider | Loan name | Rate | Comparison rate* |
UBank (NAB) | 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% |
eMoney | Pro Pack 75 | 5.65% | 5.96% |
Lowest one-year fixed-rate offerings
Provider | Loan name | Rate | Comparison rate* |
Mymortgagefreedom. com.au | Mymortgagefreedom. com.au fixed rate | 5.44% | 6.06% |
Reduce Home Loans | Reduce Fee Free 1 Year Fixed Rate
| 5.54% | 6.16% |
UBank (NAB) | UHomeLoan for Refinance – Fixed Rate Loan | 5.58% | 5.81% |
Lowest three-year fixed-rate offerings
Provider | Loan name | Rate | Comparison rate* |
UBank (NAB) | UHomeLoan Fixed (refinance only) | 5.54% | 5.55% |
Bank of Queensland | Fixed Loan | 5.55% | 6.67% |
RAMS | Low-doc Fixed Rate Home Loan | 5.59% | 6.80% |
*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 Refinancing and the Interest Rates Riddle