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Home loan interest rates

Interest rates are at record lows but may not stay this low forever. Now might be an ideal time to shop around and lock in a low rate. Staying up to date with current interest rates and the latest RBA decision can help you decide whether your home loan is still right for you.


Home loan interest rates will play a big role in your regular home loan repayments. Lenders know this – so there is plenty of competition to provide the best home loan rates. However, mortgage interest rates are decided by a range of factors, and they will vary from lender to lender. This makes it important to stay up to date with current interest rates and compare different types of home loans to see which home loan interest rates offer the best value without scrimping on loan features.

 

Our top five interest rates available


Lender
Interest
Rate
Comparison
Rate

Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

Lender
Interest
Rate
Comparison
Rate

Credit criteria, conditions, fees and charges apply. Subject to suitability. The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. Warning: This Comparison Rate applies only to the example or examples given. Different amounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and costs savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.

RBA hits pause again in November

November 2019

Hold your horses this Melbourne Cup! The Reserve Bank of Australia (RBA) has announced its decision for November and have kept the official cash rate at a tiny 0.75%. 

This means if you’re looking to buy a place, or even refinance your current home loan, there are opportunities to save out there.

Move into your home before Christmas

Let’s not forget, there’s still one month left in spring, so why not take advantage of the busiest selling and buying season of the year?

One thing to keep in mind is to ensure you have pre-approval in place for a great home loan deal that suits you. Getting pre-approval before you go house hunting ensures you know your budget, as well as how much you’ve been approved to borrow from a specific lender.

A little extra bonus

Just to let you know, we’ve also launched an incredible giveaway where if you settle or refinance a home loan under $500,000 before June 30, 2020 - you can go into the running to win 2 years’ worth of interest repayments on us*!

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Snap & Save

Does your home loan interest rate start with a 3? If you answered no, you might be paying too much. Snap a picture of your recent loan statement and we’ll help you determine if you’re still in the right product.

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What does a mortgage broker do?

A mortgage broker can take the time and hassle out of shopping around for the right home loan, and guide you through the home buying process with expert advice.

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