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We work for you to get your best home loan deal from 25+ lenders, including these guys
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Don't just take our word for it...
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Step 1
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Run through some quick questions to help check your eligibility and preferences.
Step 3
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Our home loan experts will help you choose the loan that’s right for you.
Nathan’s saving $300 each month after finding a better home loan with Money.com.au
Nathan from Queensland
"We bought our first house about 12 months ago, but I was talking to the boys at work and everyone seemed to be on a better interest rate than I was. So I figured I’d check it out online and do a home loan comparison and came across Money.com.au. I entered a few details to see if I could get a cheaper rate and ended up talking to Nick, who was awesome. He did exactly what he said he was going to do, made it easy and got everything sorted for me. We ended up saving half a percent on our loan, so as much as the last two RBA rate cuts, and all up we’re saving around $300 a month."
Nathan from Queensland
Compare home loans the right way
How do I get the best home loan rate?
One of the biggest factor that determines your home loan rate is your loan-to-value ratio (LVR). This is your home loan as a percentage of the property you're buying. If you have a low LVR, you'll generally qualify for the cheapest home loan rates. Work out your LVR and then shop around multiple lenders to get the lowest rate you can.
But bear in mind your home loan rate can also be impacted by other factors, including:
- Whether you choose a fixed or variable rate
- The type of loan (e.g. investor versus owner occupier)
- The lender you choose (whether its a bank, non-bank, credit union, or mutual lender)
- Your loan amount (some lenders offer lower rates on higher loan amounts, up to a limit)
- Your property’s location (some lenders charge higher rates on rural properties)
- Your risk profile (if you have good credit and are in stable employment you may qualify with more lenders and therefore better rates)
Should I just compare the cheapest home loan interest rates?
A cheap home loan rate is something all borrowers should be aiming to get. But what you really want is the cheapest home loan that fits your needs.
What does that actually mean? Let’s take the home loan market in Australia right now. Most of the cheapest rates are on fixed rate loans. If you only compared the absolute cheapest home loans, you would probably end up on a three-year fixed rate. Is that what you actually want?
Just as importantly, will that loan still be the cheapest a year from now, when you are still locked into that rate for another two years? You could break the fixed rate but that would likely cost you a packet in fees.
A potentially better way of approaching your home loan comparison is to start by deciding what type of loan and what features make the most sense for you. Then look for cheap home loans – based on interest rate and fees – that are a good match for what you want.
How do I minimise fees?
The best way to avoid home loan fees is to shop around. Just remember that it may be worth paying a slightly higher one-off fee if it means you get a lower rate on your home loan. Interest costs generally outweigh fees over time. It's always worth asking the lender if they will waive the up-front fee.
What home loan features can save you money?
A home loan with a low interest rate will be all the more effective at saving you money if you can combine it with useful features.
Offset account An offset account is a transaction account linked to your home loan that reduces the interest you're charged on your loan. That's because every dollar in that reduces the balance (or 'offsets') the balance of your loan that interest is charged on. Think of it like a high interest savings account, only instead of earning interest, you're avoiding it.
Extra repayments Many home loans offer the option to make additional repayments on top of your minimum mortgage repayments. This allows you to pay down your loan principal faster and save on interest. Fixed-rate loans often have limits on additional repayments of up to $10,000 or $20,000 per year.
Redraw facility Allows you to withdraw any extra repayments you've made on your home loan. You can use your redraw facility for any reason, including emergencies, investments, or other expenses. You can find more in our guide comparing a redraw and offset account.
Cashback offers Some lenders offer refinance cashback deals to attract new customers and incentivise borrowers to refinance their home loans. Some lenders also offer cashback to first-home buyers, but this is less common
Should I use a mortgage broker?
This is entirely up to your own preferences. A mortgage broker can help you understand your borrowing power, how much of a home loan deposit you need, compare loans, and will recommend options that match your needs. They can also help with your application when you're ready to apply.
But it's possible to compare home loans and apply directly with a lender, without the help of a broker. It generally comes down to how confident you are comparing loans and taking care of the application admin by yourself.
What's the quickest way to compare home loans?
If you want to compare home loans in a hurry, doing a quick online comparison with Money.com.au will take a matter of seconds. But ultimately if you want to save yourself time overall, speaking to one of our lending specialists means you will have an expert on your side to take care of the application and other paperwork. We also have direct contacts with the lenders on our panel, meaning we can usually get things moving faster for you.
How it works
Who are Money.com.au?
Money.com.au is a proudly consumer-first financial comparison platform, matching engine and expert guidance resource for Australians. We give consumers and businesses a better, simpler, fairer way to compare home loans and a range of other financial products from trusted lenders and providers.
We do this through our team of industry-leading experts, and our free and easy-to-use comparison tables, calculators and tools.
What lenders do you work with?
We give our customers access to more than 25 mortgage providers in Australia, ranging from major banks and online-only lenders, to specialist lenders.
Our range of partner lenders means we can offer our customers multiple competitive deals to choose from, and find high-quality finance solutions in virtually all scenarios.
How quickly will my home loan be approved?
We can get your lome loan application submitted and approved in as little as a few day if we have all the information the lender needs. Beyond that, it usually takes a few weeks for the lender to settle your home loan and for everything to be finalised.
Can you help me get a loan for an investment property?
Yes, our mortgage brokers are experts at helping investors get the right loan and finance structure for their needs. This involves a combination of minimising costs, while maximising your ability to leverage your existing equity and make the most of the tax benefits of investing in property.
Can you help self-employed borrowers find a home loan?
Yes, we can. We have a number of 'low-doc' lenders on our panel who offer home loans to borrowers who can't provide the standard documentation that banks usually require.
So, if you're self-employed and can't provide pay slips as proof of income, these lenders will consider other ways for you to demonstrate that you can service the loan, such as tax returns or a self-declaration of income.
Working with a Money.com.au mortgage broker can be particularly valuable for self-employed borrowers.
Does comparing home loans with you hurt my credit score?
No it doesn't. We'll help you compare a range of home loan offers, with no impact on your credit score. If you apply for a home loan through Money.com.au, the lender typically checks your credit report when assessing your application.
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Loan Amount
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Important Disclosures
^Comparison rate warning
Home loan comparison rates are calculated based on a loan amount of $150,000 repaid over a 25-year term with monthly repayments. The comparison rates only apply to the examples given. Different loan amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan. Check with the provider for full loan details, including rates, fees, eligibility and terms and conditions to make sure the product is right for you.
Products, features and information displayed
General information only
The information on this page is general in nature and has been prepared without considering your objectives, financial situation or needs. You should consider whether the information provided and the nature of any home loan product is suitable for you and seek independent financial advice if necessary.
We are not providing you with a recommendation or suggestion about a particular home loan. You should read the relevant disclosure statements or other offer documents before deciding whether to apply for or continue to use a particular product.
What products, features and information are shown
While we make every effort to ensure all home loans available in Australia are shown in our comparison tables, we do not guarantee that all products are included.
Our product comparisons may not compare all home loan features and attributes relevant to you.
Product information, such as interest rates, fees and charges, is subject to change without notice. Before acting on any information, you should confirm the relevant product information with the lender.
How home loans are sorted and filtered by default
Users can easily change the sort order and apply product filters to our product comparison tables. However, when you arrive on a page initially, by default home loans are sorted by:
- Lowest regular repayment amount, then;
- Loans interest rate, then;
- Lowest comparison rate, then;
- Provider name (A-Z)
Home loans available though a broker
Some home loan products listed in our tables are available through a mortgage broker. These are the products with an option to ‘Check Eligibility on Money.com.au’. Mortgage brokers may not be able to offer loans from every provider and there may be more suitable loans for your personal circumstances.
Mortgage brokers are not authorised by Money Australian Credit Licence and operate under their own Australian Credit Licence, or as a credit representative of another Australian Credit Licensee. Mortgage brokers can make recommendations about home loan products that may suit your objectives, financial situation and needs.
Commission we may earn
Our tables feature all home loans available from lenders on our database that match the search criteria selected. Lenders do not pay to feature in our tables, nor do we earn commission if you click to visit a lender’s website. The order of the products in the table is not influenced by any commercial arrangements.
If you get help from a mortgage broker as a result of visiting this page, we may earn a commission.