Fixed versus variable home loan: Which is right for you?

How we calculate Home Loan Finder Scores

Read full methodology

What different scores mean

9+

Excellent

These home loans offer low costs, coupled with a host of features, giving the best overall value.

7+

Great

These home loans may have slightly higher interest rates or fewer features but overall, a competitive offering.

5+

Standard

Usually the home loans would offer above average rates. They may still include some competitive features.

0+

Basic

Higher costs and/or fewer features.

There are two types of home loan interest rate, variable and fixed. They work slightly differently:

• Variable interest rates can change at any time (up or down) and tend to offer slightly lower rates and more repayment flexibility.
• Fixed interest rates cannot go up (or down) for the fixed period (usually 1-5 years) but often have more fees and less flexibility.

Most Australian borrowers go for variable rate loans. Most of the time, these rates are lower than fixed rates (although in the last few years some fixed rates were lower). And their flexibility is important. Variable rate loans are much more likely to allow you to make extra repayments, letting you get out of debt faster. If you want to exit or refinance a fixed rate loan, you may get hit with some big fees.

But for a borrower who wants to know exactly what their repayments will be and lock in a good deal right now, fixing is definitely a strategy to consider.

Variable versus fixed interest rates: what's the difference?

When the fixed period on a home loan ends, it reverts to a variable rate. As most home loans have 30-year terms, even if you do fix your rate for a few years, most of your loan will end up being variable anyway.

Which rate type is right for you?

The real question is what do you want from your home loan. This helps you decide which rate type suits you best. Here are some examples to help you think about your own situation.

• I want to know exactly what my repayments are each month. You might want to go with a fixed rate loan. With the certainty of an unchanging rate you can budget safe in the knowledge that your repayments won't vary. This means you can basically forget about your home loan for the fixed period.
• I want the lowest possible rate and I'm happy to switch lenders. Go with a variable loan (probably). Variable rates are usually more competitive than fixed rates, although that's not always the case. But if you're a deal hunter who's always after a lower rate and is happy to compare and refinance regularly, then a variable mortgage probably gives you more options and is easier to refinance.
• I want to repay my loan as quickly as possible. In this case you want the lowest interest rate and a mortgage which allows for extra repayments. This is more likely a variable rate but some fixed rate loans allow extra repayments too.
• I may need to refinance my loan soon or sell my property. If you think you're likely to exit a home loan soon, either by repaying it, selling the house or refinancing for some other reason, you probably want a variable rate loan. This is because a fixed rate loan has break costs that can run to thousands of dollars.

If you still can't decide which rate type is right for you, there's a third option.

The third option: Split rates

If you really like the idea of fixing your interest rate, but you don't want to lose the flexible features available on your variable loan, you can choose to split your home loan. A split rate home loan is when you divide your loan into two (or more) portions; one locked into a fixed rate and the other variable.

This lets you enjoy some of the advantages of both rate types at the same time.

Compare fixed, variable and split rate loans

• Variable rates
• Fixed rates
• Split rates

Compare variable rate loans

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Name	Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Monthly Payment
Unloan Variable Home Loan Principal & Interest20% min. depositOwner-occupier Unloan Variable Home Loan Principal & Interest20% min. depositOwner-occupier Details Fees Pros & cons Product Name Unloan Variable Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 5.90% Minimum Loan Amount $10,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility No Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $0 Pros A competitive variable rate home loan Automatic interest rate discount No lender fees Cons No offset account You can’t borrow more than 80% of the property value, even with a first home buyer scheme Unloan doesn’t offer fixed rates or interest only loans	Finder score 9.1 Excellent	Interest Rate 5.99%	Comparison Rate 5.90%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $900	Continue Compare
Unloan Variable Home Loan Principal & Interest20% min. depositInvestment Unloan Variable Home Loan Principal & Interest20% min. depositInvestment Go to site Details Fees Pros & cons Product Name Unloan Variable Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.29% Comp. Rate p.a. 6.20% Minimum Loan Amount $10,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility No Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $0 Pros A competitive variable rate home loan Automatic interest rate discount No lender fees Cons No offset account You can’t borrow more than 80% of the property value, even with a first home buyer scheme Unloan doesn’t offer fixed rates or interest only loans	Finder score 8.9 Great	Interest Rate 6.29%	Comparison Rate 6.20%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $929	Go to site Compare
Macquarie Bank Basic Home Loan Principal & Interest40% min. depositOwner-occupier Macquarie Bank Basic Home Loan Principal & Interest40% min. depositOwner-occupier Details Fees Pros & cons Product Name Macquarie Bank Basic Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.14% Comp. Rate p.a. 6.16% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros $0 application and ongoing fees. Interest only options available. Fee free redraws of extra repayments made. Cons No offset account available. $400 discharge fee when you close your home loan.	Finder score 8.3 Great	Interest Rate 6.14%	Comparison Rate 6.16%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $914	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest20% min. depositInvestmentOffset account Macquarie Bank Offset Home Loan Package Principal & Interest20% min. depositInvestmentOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.45% Comp. Rate p.a. 6.70% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.6 Great	Interest Rate 6.45%	Comparison Rate 6.70%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $945	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest30% min. depositOwner-occupierOffset account Macquarie Bank Offset Home Loan Package Principal & Interest30% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.14% Comp. Rate p.a. 6.39% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee at cost above $300 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.8 Great	Interest Rate 6.14%	Comparison Rate 6.39%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $914	Continue Compare
Macquarie Bank Basic Home Loan Principal & Interest40% min. depositInvestment Macquarie Bank Basic Home Loan Principal & Interest40% min. depositInvestment Details Fees Pros & cons Product Name Macquarie Bank Basic Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.34% Comp. Rate p.a. 6.36% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros $0 application and ongoing fees. Interest only options available. Fee free redraws of extra repayments made. Cons No offset account available. $400 discharge fee when you close your home loan.	Finder score 8.3 Great	Interest Rate 6.34%	Comparison Rate 6.36%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $934	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest30% min. depositInvestmentOffset account Macquarie Bank Offset Home Loan Package Principal & Interest30% min. depositInvestmentOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.34% Comp. Rate p.a. 6.59% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.8 Great	Interest Rate 6.34%	Comparison Rate 6.59%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $934	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest40% min. depositInvestmentOffset account Macquarie Bank Offset Home Loan Package Principal & Interest40% min. depositInvestmentOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.34% Comp. Rate p.a. 6.59% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.8 Great	Interest Rate 6.34%	Comparison Rate 6.59%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $934	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest20% min. depositOwner-occupierOffset account Macquarie Bank Offset Home Loan Package Principal & Interest20% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.19% Comp. Rate p.a. 6.44% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.8 Great	Interest Rate 6.19%	Comparison Rate 6.44%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $919	Continue Compare
Macquarie Bank Basic Home Loan Principal & Interest20% min. depositInvestment Macquarie Bank Basic Home Loan Principal & Interest20% min. depositInvestment Details Fees Pros & cons Product Name Macquarie Bank Basic Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.45% Comp. Rate p.a. 6.48% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros $0 application and ongoing fees. Interest only options available. Fee free redraws of extra repayments made. Cons No offset account available. $400 discharge fee when you close your home loan.	Finder score 8.1 Great	Interest Rate 6.45%	Comparison Rate 6.48%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $945	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest40% min. depositOwner-occupierOffset account Macquarie Bank Offset Home Loan Package Principal & Interest40% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.14% Comp. Rate p.a. 6.39% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.8 Great	Interest Rate 6.14%	Comparison Rate 6.39%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $914	Continue Compare
Macquarie Bank Basic Home Loan Principal & Interest20% min. depositOwner-occupier Macquarie Bank Basic Home Loan Principal & Interest20% min. depositOwner-occupier Details Fees Pros & cons Product Name Macquarie Bank Basic Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.19% Comp. Rate p.a. 6.21% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee at cost above $300 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros $0 application and ongoing fees. Interest only options available. Fee free redraws of extra repayments made. Cons No offset account available. $400 discharge fee when you close your home loan.	Finder score 8.2 Great	Interest Rate 6.19%	Comparison Rate 6.21%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $919	Continue Compare
Greater Bank Great Rate Discount Variable Home Loan Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only Greater Bank Great Rate Discount Variable Home Loan Principal & Interest-10% min. depositOwner-occupierNSW, QLD & ACT only Go to site Details Fees Pros & cons Product Name Greater Bank Great Rate Discount Variable Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 6% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term Maximum LVR 110% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $180 Discharge Fee $300 Pros $0 application fee LVR of up to 110% with guarantor Cons Requires a family guarantee Not suitable for all borrowers	Finder score 9.1 Excellent	Interest Rate 5.99%	Comparison Rate 6%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $900	Go to site Compare	Up to $2,500 cashback Eligible refinancers can get up to $2,500 cashback depending on loan value. Full terms and conditions apply.
loans.com.au Variable Home Loan Principal & Interest10% min. depositOwner-occupierOffset account loans.com.au Variable Home Loan Principal & Interest10% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name loans.com.au Variable Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.04% Comp. Rate p.a. 6.06% Minimum Loan Amount $50,000 Maximum Loan Amount $2,000,000 Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $230 Ongoing Fees $0 p.a. Settlement Fee $300 Discharge Fee $300 Pros A competitive variable rate home loan Optional offset account No application fee You can apply online Cons Offset account comes with 0.10% rate	Finder score 9 Excellent	Interest Rate 6.04%	Comparison Rate 6.06%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $905	Continue Compare
loans.com.au Solar Home Loan Principal & Interest10% min. depositOwner-occupierOffset account loans.com.au Solar Home Loan Principal & Interest10% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name loans.com.au Solar Home Loan Interest Rate Type Variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 6.51% Minimum Loan Amount $50,000 Maximum Loan Amount $1,500,000 Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $230 Ongoing Fees $0 p.a. Settlement Fee $300 Discharge Fee $300 Pros Available for both owner-occupiers and investors No application or ongoing fees Extra repayments available Cons Minimum loan term of 15 years Late payment fee of $150 Have to pay an extra 0.10% p.a. if you want to add an offset account	Finder score 9.1 Excellent	Interest Rate 5.99%	Comparison Rate 6.51%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $900	Continue Compare
loans.com.au Solar Home Loan Principal & Interest10% min. depositInvestmentOffset account loans.com.au Solar Home Loan Principal & Interest10% min. depositInvestmentOffset account Details Fees Pros & cons Product Name loans.com.au Solar Home Loan Interest Rate Type Variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.19% Comp. Rate p.a. 6.58% Minimum Loan Amount $50,000 Maximum Loan Amount $1,500,000 Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $230 Ongoing Fees $0 p.a. Settlement Fee $300 Discharge Fee $300 Pros Available for both owner-occupiers and investors No application or ongoing fees Extra repayments available Cons Minimum loan term of 15 years Late payment fee of $150 Have to pay an extra 0.10% p.a. if you want to add an offset account	Finder score 9.1 Excellent	Interest Rate 6.19%	Comparison Rate 6.58%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $919	Continue Compare
IMB Budget Home Loan Principal & Interest20% min. depositOwner-occupier IMB Budget Home Loan Principal & Interest20% min. depositOwner-occupier Details Fees Pros & cons Product Name IMB Budget Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.04% Comp. Rate p.a. 6.07% Minimum Loan Amount $10,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable Yes Extra Repayments Yes Application Fee $449 Lender's Legal Fee $0 Valuation Fee At cost Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $350 Pros This loan allows for unlimited extra repayments There are no monthly fees with this loan Eligible borrowers can take this loan out with up to 95% LVR Cons This loan does not come with an offset account You will not be eligible for the full $4,000 cashback if you refinance less than $1million There is an application fee of $449	Finder score 8.5 Great	Interest Rate 6.04%	Comparison Rate 6.07%	Fees Application: $449 Ongoing: $0 p.a.	Monthly Payment $905	Continue Compare	Up to $4K cashback Eligible borrowers can get up to $4,000 cashback when buying or refinancing with IMB. Loan value criteria applies. Other terms and conditions also apply.
Homestar Star Classic Variable Rate Home Loan Principal & Interest30% min. depositOwner-occupierOffset account Homestar Star Classic Variable Rate Home Loan Principal & Interest30% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Homestar Star Classic Variable Rate Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 5.99% Minimum Loan Amount $150,000 Maximum Loan Amount $2,000,000 Maximum Loan Term Maximum LVR 70% Loan Redraw Facility No Offset Account Yes Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $595 Pros No ongoing fees No application fee Comes with up to 4 offset accounts Cons You can’t redraw from extra repayments If you want to deal with someone face-to-face, you can’t	Finder score 9.1 Excellent	Interest Rate 5.99%	Comparison Rate 5.99%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $900	Continue Compare
BCU OMG! Home Loan Principal & Interest40% min. depositOwner-occupier BCU OMG! Home Loan Principal & Interest40% min. depositOwner-occupier Details Fees Pros & cons Product Name BCU OMG! Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 6.02% Minimum Loan Amount $100,000 Maximum Loan Amount $1,500,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $0 Pros Low interest rate Redraw facility available Cons No offset account.	Finder score 8.5 Great	Interest Rate 5.99%	Comparison Rate 6.02%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $900	Continue Compare
Regional Australia Bank Basic Home Loan Principal & Interest5% min. depositOwner-occupier Regional Australia Bank Basic Home Loan Principal & Interest5% min. depositOwner-occupier Details Fees Pros & cons Product Name Regional Australia Bank Basic Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.14% Comp. Rate p.a. 6.57% Minimum Loan Amount $100,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 95% Loan Redraw Facility Yes Offset Account No Split Loan Facility No Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $250 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $250 Pros Cons	Finder score 8.3 Great	Interest Rate 6.14%	Comparison Rate 6.57%	Fees Application: $250 Ongoing: $0 p.a.	Monthly Payment $914	Continue Compare

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1 - 20 of 30

Updated regularly

Name	Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Monthly Payment
Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed20% min. depositOwner-occupier Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed20% min. depositOwner-occupier Details Fees Pros & cons Product Name Macquarie Bank Basic Fixed Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.79% Comp. Rate p.a. 6.10% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros Borrow with as little as 5% deposit No application fee No valuation fee for properties up to $2 million No annual fee Cons Monthly repayments only	Finder score 8.4 Great	Interest Rate 5.79%	Comparison Rate 6.10%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $881	Continue Compare
Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed20% min. depositInvestment Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name Macquarie Bank Basic Fixed Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.95% Comp. Rate p.a. 6.33% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros Borrow with as little as 5% deposit No application fee No valuation fee for properties up to $2 million No annual fee Cons Monthly repayments only	Finder score 8.6 Great	Interest Rate 5.95%	Comparison Rate 6.33%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $896	Continue Compare
Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed30% min. depositInvestment Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed30% min. depositInvestment Details Fees Pros & cons Product Name Macquarie Bank Basic Fixed Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.85% Comp. Rate p.a. 6.23% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros Borrow with as little as 5% deposit No application fee No valuation fee for properties up to $2 million No annual fee Cons Monthly repayments only	Finder score 8.7 Great	Interest Rate 5.85%	Comparison Rate 6.23%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $886	Continue Compare
Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed30% min. depositOwner-occupier Macquarie Bank Basic Fixed Home Loan Principal & Interest 3Y Fixed30% min. depositOwner-occupier Details Fees Pros & cons Product Name Macquarie Bank Basic Fixed Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.69% Comp. Rate p.a. 6.04% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros Borrow with as little as 5% deposit No application fee No valuation fee for properties up to $2 million No annual fee Cons Monthly repayments only	Finder score 8.5 Great	Interest Rate 5.69%	Comparison Rate 6.04%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $871	Continue Compare
Tiimely Home Own Fixed Rate Home Loan Principal & Interest 2Y Fixed10% min. depositOwner-occupier Tiimely Home Own Fixed Rate Home Loan Principal & Interest 2Y Fixed10% min. depositOwner-occupier Details Fees Pros & cons Product Name Tiimely Home Own Fixed Rate Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.74% Comp. Rate p.a. 5.99% Minimum Loan Amount $50,000 Maximum Loan Amount $2,000,000 Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility Yes Offset Account No Split Loan Facility No Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $325 Pros Redraw facility Limited fees Cons Optional offset account incurs a $10 monthly fee A $325 discharge fee applies	Finder score 9 Excellent	Interest Rate 5.74%	Comparison Rate 5.99%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $876	Continue Compare
Commonwealth Bank Wealth Package Fixed Home Loan Principal & Interest 3Y Fixed10% min. depositInvestment Commonwealth Bank Wealth Package Fixed Home Loan Principal & Interest 3Y Fixed10% min. depositInvestment Details Fees Pros & cons Product Name Commonwealth Bank Wealth Package Fixed Home Loan Interest Rate Type Fixed rate Repayment Type Principal & Interest Interest Rate p.a. 6.09% Comp. Rate p.a. 8.25% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable Yes Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $395 p.a. Settlement Fee $200 Discharge Fee $350 Pros Refinance cashback for eligible borrowers $0 application fee Get a discount off the advertised fixed rates for choosing the Wealth Package $0 upfront fees (with Wealth Package) Cons There is a $395 annual package fee $200 settlement fee $350 discharge fee for closing your loan	Finder score 8.4 Great	Interest Rate 6.09%	Comparison Rate 8.25%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $909	Contact Broker Compare
Australian Mutual Bank Fixed Home Loan Principal & InterestInterest only 3Y Fixed5% min. depositOwner-occupier Australian Mutual Bank Fixed Home Loan Principal & InterestInterest only 3Y Fixed5% min. depositOwner-occupier Details Fees Pros & cons Product Name Australian Mutual Bank Fixed Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Only Interest Rate p.a. 5.49% Comp. Rate p.a. 6.24% Minimum Loan Amount $0 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 95% Loan Redraw Facility No Offset Account No Split Loan Facility No Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $250 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $180 Pros Cons	Finder score 8.6 Great	Interest Rate 5.49%	Comparison Rate 6.24%	Fees Application: $250 Ongoing: $0 p.a.	Monthly Payment $852	Continue Compare
ING Fixed Rate Home Loan Principal & Interest 4Y Fixed5% min. depositInvestment ING Fixed Rate Home Loan Principal & Interest 4Y Fixed5% min. depositInvestment Details Fees Pros & cons Product Name ING Fixed Rate Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.89% Comp. Rate p.a. 6.17% Minimum Loan Amount $50,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 95% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes Application Fee $499 Lender's Legal Fee $0 Valuation Fee covers up to $225, for the first valuation/property only Ongoing Fees $0 p.a. Settlement Fee $299 Discharge Fee $250 Pros $0 ongoing fees Make additional repayments up to $10,000 per settlement anniversary before incurring fees Cons $499 application fee $250 discharge fee when you close out your home loan No offset account	Finder score 8.6 Great	Interest Rate 5.89%	Comparison Rate 6.17%	Fees Application: $499 Ongoing: $0 p.a.	Monthly Payment $890	Contact Broker Compare
ANZ Fixed Rate Home Loan Principal & Interest 3Y Fixed20% min. depositInvestment ANZ Fixed Rate Home Loan Principal & Interest 3Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name ANZ Fixed Rate Home Loan Interest Rate Type Fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.94% Comp. Rate p.a. 7.28% Minimum Loan Amount $20,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $10 monthly ($120 p.a.) Settlement Fee $160 Discharge Fee $160 Pros Your interest rate won't change over the course of the fixed term Interest only options available for a period of up to 10 years The ability to split your loan in a fixed portion and a variable portion Full offset available for the 1 year fixed rate product Cons $0 valuation fee $160 settlement fee $10 per month account fee	Finder score 8.6 Great	Interest Rate 5.94%	Comparison Rate 7.28%	Fees Application: $0 Ongoing: $10 per month	Monthly Payment $895	Continue Compare
BankSA Fixed Rate Home Loan with Advantage Package Principal & Interest 4Y Fixed20% min. depositInvestment BankSA Fixed Rate Home Loan with Advantage Package Principal & Interest 4Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name BankSA Fixed Rate Home Loan with Advantage Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 6.19% Comp. Rate p.a. 7.68% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes Application Fee $0 Lender's Legal Fee Various Valuation Fee $164 Ongoing Fees $395 p.a. Settlement Fee $100 Discharge Fee $350 Pros $0 application fee Flexible repayments Split loan facility available Cons A $350 discharge fee applies when closing the loan $100 settlement fee $395 annual service fee	Finder score 8.1 Great	Interest Rate 6.19%	Comparison Rate 7.68%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $919	Contact Broker Compare
Bank of Melbourne Fixed Rate Home Loan with Advantage Package Principal & Interest 2Y Fixed30% min. depositInvestment Bank of Melbourne Fixed Rate Home Loan with Advantage Package Principal & Interest 2Y Fixed30% min. depositInvestment Details Fees Pros & cons Product Name Bank of Melbourne Fixed Rate Home Loan with Advantage Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 7.89% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 70% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes Application Fee $0 Lender's Legal Fee Various Valuation Fee From $164 Ongoing Fees $395 p.a. Settlement Fee $100 Discharge Fee $350 Pros Competitive fixed rates Allows online redraw Split facility option Cons There is a $395 annual package fee There is a $350 discharge fee There is a $100 settlement fee	Finder score 8.3 Great	Interest Rate 5.99%	Comparison Rate 7.89%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $900	Contact Broker Compare
ME Flexible Home Loan Fixed with Members Package Principal & Interest 3Y Fixed20% min. depositInvestment ME Flexible Home Loan Fixed with Members Package Principal & Interest 3Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name ME Flexible Home Loan Fixed with Members Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.89% Comp. Rate p.a. 6.74% Minimum Loan Amount $40,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $200 Valuation Fee $200 Ongoing Fees $395 p.a. Settlement Fee $250 Discharge Fee $350 Pros Extra repayments up to $30,000 per year are allowed No application fee Cons Annual fee of $395 Discharge fee of $350 Solicitor fee of $200	Finder score 8.5 Great	Interest Rate 5.89%	Comparison Rate 6.74%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $890	Contact Broker Compare
St.George Fixed Rate Home Loan with Advantage Package Principal & Interest 4Y Fixed20% min. depositInvestment St.George Fixed Rate Home Loan with Advantage Package Principal & Interest 4Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name St.George Fixed Rate Home Loan with Advantage Package Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 6.19% Comp. Rate p.a. 7.67% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes Application Fee $0 Lender's Legal Fee Various Valuation Fee From $164 Ongoing Fees $395 p.a. Settlement Fee $100 Discharge Fee $350 Pros $0 application fee Withdraw excess funds from your mortgage via the redraw facility (up to $10,000 a year) Cons There is a settlement fee of $100 There is an annual package fee of $395 There is a $350 discharge fee when you close your home loan account	Finder score 8.1 Great	Interest Rate 6.19%	Comparison Rate 7.67%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $919	Contact Broker Compare
Bank of Melbourne Fixed Rate Home Loan with Advantage Package Principal & Interest 2Y Fixed20% min. depositOwner-occupier Bank of Melbourne Fixed Rate Home Loan with Advantage Package Principal & Interest 2Y Fixed20% min. depositOwner-occupier Details Fees Pros & cons Product Name Bank of Melbourne Fixed Rate Home Loan with Advantage Package Interest Rate Type Fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.89% Comp. Rate p.a. 7.50% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes - max $30,000 over fixed rate term Application Fee $0 Lender's Legal Fee Various Valuation Fee From $164 Ongoing Fees $395 p.a. Settlement Fee $100 Discharge Fee $350 Pros Competitive fixed rates Allows online redraw Split facility option Cons There is a $395 annual package fee There is a $350 discharge fee There is a $100 settlement fee	Finder score 8.1 Great	Interest Rate 5.89%	Comparison Rate 7.50%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $890	Contact Broker Compare
Westpac Fixed Option Home Loan Premier Advantage Package Principal & Interest 4Y Fixed20% min. depositOwner-occupier Westpac Fixed Option Home Loan Premier Advantage Package Principal & Interest 4Y Fixed20% min. depositOwner-occupier Details Fees Pros & cons Product Name Westpac Fixed Option Home Loan Premier Advantage Package Interest Rate Type Fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.99% Comp. Rate p.a. 7.29% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes - up to $30,000 Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $395 p.a. Settlement Fee $150 Discharge Fee $350 Pros $0 application fee Make extra payments up to $30,000 and redraw these funds during the fixed term without penalty Cons There is a $395 annual package fee A $350 discharge fee applies when you pay off your home loan	Finder score 8 Great	Interest Rate 5.99%	Comparison Rate 7.29%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $900	Continue Compare
St.George Fixed Rate Home Loan with Advantage Package Principal & Interest 2Y Fixed20% min. depositInvestment St.George Fixed Rate Home Loan with Advantage Package Principal & Interest 2Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name St.George Fixed Rate Home Loan with Advantage Package Interest Rate Type Fixed rate Repayment Type Principal & Interest Interest Rate p.a. 6.09% Comp. Rate p.a. 7.97% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes - max $30,000 over fixed rate term Application Fee $0 Lender's Legal Fee Various Valuation Fee From $164 Ongoing Fees $395 p.a. Settlement Fee $100 Discharge Fee $350 Pros $0 application fee Withdraw excess funds from your mortgage via the redraw facility (up to $10,000 a year) Cons There is a settlement fee of $100 There is an annual package fee of $395 There is a $350 discharge fee when you close your home loan account	Finder score 8.1 Great	Interest Rate 6.09%	Comparison Rate 7.97%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $909	Contact Broker Compare
Westpac Fixed Option Home Loan Premier Advantage Package Interest only 2Y Fixed20% min. depositInvestment Westpac Fixed Option Home Loan Premier Advantage Package Interest only 2Y Fixed20% min. depositInvestment Details Fees Pros & cons Product Name Westpac Fixed Option Home Loan Premier Advantage Package Interest Rate Type Fixed rate Repayment Type Interest Only Interest Rate p.a. 6.29% Comp. Rate p.a. 8.23% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 80% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable Yes Extra Repayments Yes - up to $30,000 Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $395 p.a. Settlement Fee $150 Discharge Fee $350 Pros $0 application fee Make extra payments up to $30,000 and redraw these funds during the fixed term without penalty Cons There is a $395 annual package fee A $350 discharge fee applies when you pay off your home loan	Finder score 8.2 Great	Interest Rate 6.29%	Comparison Rate 8.23%	Fees Application: $0 Ongoing: $395 p.a.	Monthly Payment $929	Continue Compare
BCU Fixed Rate Home Loan Finder Award Principal & Interest 1Y Fixed5% min. depositOwner-occupier BCU Fixed Rate Home Loan Finder AwardPrincipal & Interest 1Y Fixed5% min. depositOwner-occupier Details Fees Pros & cons Product Name BCU Fixed Rate Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 6.49% Comp. Rate p.a. 6.28% Minimum Loan Amount $20,000 Maximum Loan Amount $2,500,000 Maximum Loan Term 30 years Maximum LVR 95% Loan Redraw Facility No Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable Yes Extra Repayments No Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $0 Pros Minimum loan amount of $20,000. Maximum LVR of 95%. Cons No offset account.	Finder score 6.5 Standard	Interest Rate 6.49%	Comparison Rate 6.28%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $948	Continue Compare
Tiimely Home Own Fixed Rate Home Loan Principal & Interest 3Y Fixed10% min. depositOwner-occupierOffset account Tiimely Home Own Fixed Rate Home Loan Principal & Interest 3Y Fixed10% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Tiimely Home Own Fixed Rate Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.94% Comp. Rate p.a. 6.13% Minimum Loan Amount $50,000 Maximum Loan Amount $2,000,000 Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility No Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $0 Discharge Fee $325 Pros Redraw facility Limited fees Cons Optional offset account incurs a $10 monthly fee A $325 discharge fee applies	Finder score 8.8 Great	Interest Rate 5.94%	Comparison Rate 6.13%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $895	Continue Compare
Heritage Bank Advantage Package Fixed Home Loan Principal & Interest 3Y Fixed5% min. depositOwner-occupier Heritage Bank Advantage Package Fixed Home Loan Principal & Interest 3Y Fixed5% min. depositOwner-occupier Details Fees Pros & cons Product Name Heritage Bank Advantage Package Fixed Home Loan Interest Rate Type fixed rate Repayment Type Principal & Interest Interest Rate p.a. 5.69% Comp. Rate p.a. 6.43% Minimum Loan Amount $150,000 Maximum Loan Amount N/A Maximum Loan Term 30 years Maximum LVR 95% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee up to $330 Ongoing Fees $0 p.a. Settlement Fee $210 Discharge Fee $345 Pros $0 application fee. Discounts on other Heritage Bank products. Cons $350 Home Advantage package fee applies $345 discharge fee	Finder score 8.5 Great	Interest Rate 5.69%	Comparison Rate 6.43%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $871	Contact Broker Compare

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For split rate loans, the Finder Score displayed for each product include both fixed and variable products and each score is calculated separately for each type.

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1 - 3 of 3

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Name	Finder Score	Interest Rate p.a.	Comparison Rate p.a.	Fees	Monthly Payment
loans.com.au Variable Home Loan Principal & Interest10% min. depositOwner-occupierOffset account loans.com.au Variable Home Loan Principal & Interest10% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name loans.com.au Variable Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.04% Comp. Rate p.a. 6.06% Minimum Loan Amount $50,000 Maximum Loan Amount $2,000,000 Maximum Loan Term 30 years Maximum LVR 90% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Loan Portable Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $230 Ongoing Fees $0 p.a. Settlement Fee $300 Discharge Fee $300 Pros A competitive variable rate home loan Optional offset account No application fee You can apply online Cons Offset account comes with 0.10% rate	Finder score 9 Excellent	Interest Rate 6.04%	Comparison Rate 6.06%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $905	Continue Compare
Macquarie Bank Basic Home Loan Principal & Interest40% min. depositOwner-occupier Macquarie Bank Basic Home Loan Principal & Interest40% min. depositOwner-occupier Details Fees Pros & cons Product Name Macquarie Bank Basic Home Loan Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.14% Comp. Rate p.a. 6.16% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account No Split Loan Facility Yes Fixed Interest Option No Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $0 p.a. Settlement Fee $350 Discharge Fee $400 Pros $0 application and ongoing fees. Interest only options available. Fee free redraws of extra repayments made. Cons No offset account available. $400 discharge fee when you close your home loan.	Finder score 8.3 Great	Interest Rate 6.14%	Comparison Rate 6.16%	Fees Application: $0 Ongoing: $0 p.a.	Monthly Payment $914	Continue Compare
Macquarie Bank Offset Home Loan Package Principal & Interest40% min. depositOwner-occupierOffset account Macquarie Bank Offset Home Loan Package Principal & Interest40% min. depositOwner-occupierOffset account Details Fees Pros & cons Product Name Macquarie Bank Offset Home Loan Package Interest Rate Type variable rate Repayment Type Principal & Interest Interest Rate p.a. 6.14% Comp. Rate p.a. 6.39% Minimum Loan Amount $150,000 Maximum Loan Amount $10,000,000 Maximum Loan Term 30 years Maximum LVR 60% Loan Redraw Facility Yes Offset Account Yes Split Loan Facility Yes Fixed Interest Option Yes Loan Portable No Extra Repayments Yes Application Fee $0 Lender's Legal Fee $0 Valuation Fee $0 Ongoing Fees $248 p.a. Settlement Fee $350 Discharge Fee $400 Pros 100% offset account Interest only options Cons Annual fee of $248	Finder score 8.8 Great	Interest Rate 6.14%	Comparison Rate 6.39%	Fees Application: $0 Ongoing: $248 p.a.	Monthly Payment $914	Continue Compare

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What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

Written by

Richard Whitten

Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise

Richard has written 562 Finder guides across topics including:

• Home loans
• Property
• Personal finance
• Money-saving tips