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Investment home loan rates

Pay less with a better investment loan. Rates, fees & overall score updated daily for 160+ loans.

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1 - 16 of 164
Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Unloan logo
Principal & Interest20% min. depositInvestment
Unloan logo
Principal & Interest20% min. depositInvestment
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Product NameUnloan Variable Home Loan
Interest Rate Typevariable 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 Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
6.20%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,404
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Macquarie Bank logo
Principal & Interest 3Y Fixed20% min. depositInvestment
Macquarie Bank logo
Principal & Interest 3Y Fixed20% min. depositInvestment
Product NameMacquarie Bank Basic Fixed Home Loan
Interest Rate Typefixed 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 Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.95%
Comparison Rate
6.33%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,284
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
Product Nameloans.com.au Variable Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.38%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.38%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,422
Qantas Money logo
Principal & Interest10% min. depositInvestment
Qantas Money logo
Principal & Interest10% min. depositInvestment
Product NameQantas Money Variable Home Loan
Interest Rate Typevariable
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.6.41%
Minimum Loan Amount$300,000
Maximum Loan Amount $3,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.41%
Fees
Application: $345
Ongoing: $0 p.a.
Monthly Payment
$3,422
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
loans.com.au logo
Principal & Interest10% min. depositInvestmentOffset account
Product Nameloans.com.au Solar Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.53%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,500,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
6.53%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,369
Macquarie Bank logo
Principal & Interest 3Y Fixed30% min. depositInvestment
Macquarie Bank logo
Principal & Interest 3Y Fixed30% min. depositInvestment
Product NameMacquarie Bank Basic Fixed Home Loan
Interest Rate Typefixed 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 Term30 years
Maximum LVR 70%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.85%
Comparison Rate
6.23%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,248
Newcastle Permanent logo
Principal & Interest20% min. depositInvestmentOffset account
Newcastle Permanent logo
Principal & Interest20% min. depositInvestmentOffset account
Product NameNewcastle Permanent Real Deal Home Loan
Interest Rate Typevariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.23%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
6.23%
Fees
Application: $595
Ongoing: $0 p.a.
Monthly Payment
$3,369
More Info
Macquarie Bank logo
Principal & Interest20% min. depositInvestment
Macquarie Bank logo
Principal & Interest20% min. depositInvestment
Product NameMacquarie Bank Basic Home Loan
Interest Rate Typevariable 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 Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.45%
Comparison Rate
6.48%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,462
Bankwest logo
Principal & Interest40% min. depositInvestmentOffset account
Bankwest logo
Principal & Interest40% min. depositInvestmentOffset account
Product NameBankwest Premium Select Home Loan
Interest Rate TypeVariable rate
Repayment Type Principal & Interest
Interest Rate p.a.6.44%
Comp. Rate p.a.6.47%
Minimum Loan Amount$20,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.44%
Comparison Rate
6.47%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,458
Contact Broker
Macquarie Bank logo
Principal & Interest20% min. depositInvestmentOffset account
Macquarie Bank logo
Principal & Interest20% min. depositInvestmentOffset account
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable 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 Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.45%
Comparison Rate
6.70%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$3,462
Macquarie Bank logo
Principal & Interest30% min. depositInvestmentOffset account
Macquarie Bank logo
Principal & Interest30% min. depositInvestmentOffset account
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable 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 Term30 years
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.59%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$3,422
Qantas Money logo
Principal & Interest 2Y Fixed10% min. depositInvestment
Qantas Money logo
Principal & Interest 2Y Fixed10% min. depositInvestment
Product NameQantas Money Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.04%
Comp. Rate p.a.6.35%
Minimum Loan Amount$300,000
Maximum Loan Amount $3,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.04%
Comparison Rate
6.35%
Fees
Application: $345
Ongoing: $0 p.a.
Monthly Payment
$3,315
Macquarie Bank logo
Principal & Interest40% min. depositInvestment
Macquarie Bank logo
Principal & Interest40% min. depositInvestment
Product NameMacquarie Bank Basic Home Loan
Interest Rate Typevariable 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 Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.36%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,422
Macquarie Bank logo
Principal & Interest40% min. depositInvestmentOffset account
Macquarie Bank logo
Principal & Interest40% min. depositInvestmentOffset account
Product NameMacquarie Bank Offset Home Loan Package
Interest Rate Typevariable 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 Term30 years
Maximum LVR 60%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.59%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$3,422
IMB logo
Principal & Interest 3Y Fixed10% min. depositInvestment
IMB logo
Principal & Interest 3Y Fixed10% min. depositInvestment
Product NameIMB Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.84%
Comp. Rate p.a.6.68%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.84%
Comparison Rate
6.68%
Fees
Application: $449
Ongoing: $6 per month
Monthly Payment
$3,245
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.
Easy Street logo
Interest only 2Y Fixed20% min. depositInvestmentOffset accountSpecial
Easy Street logo
Interest only 2Y Fixed20% min. depositInvestmentOffset accountSpecial
Product NameEasy Street Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.5.79%
Comp. Rate p.a.6.04%
Minimum Loan Amount$50,000
Maximum Loan Amount $1,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityNo
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.79%
Comparison Rate
6.04%
Fees
Application: $500
Ongoing: $0 p.a.
Monthly Payment
$3,227
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Showing 16 of 164 results

The best investment loans for December 2024

The average property investor now takes out a loan of $609,652 to fund their investment, according to ABS lending figures.

And while interest rates are still high across the board, several lenders are offering very competitive rates for investors.

Here are 5 of the best investment loans for December, based on their Finder Scores:

  • Bank Australia Premium Home Loan Package has a Finder Score of 9.3. It has a 5.74% interest rate for investors (comparison rate 6.5%).
  • loans.com.au Solar Home Loan has a Finder Score of 9.1. It has a 6.19% interest rate for investors (comparison rate 6.53%).
  • Unloan Variable Home Loan has a Finder Score of 8.9. It has a 6.29% interest rate for investors (comparison rate 6.2%).
  • Easy Street Smart Variable Home Loan has a Finder Score of 9.8. It has a 5.79% interest rate for investors (comparison rate 6.04%).
  • Bankwest Premium Select Home Loan has a Finder Score of 8.7. It has a 6.44% interest rate for investors (comparison rate 6.47%).
Rebecca Pike
Market update by Rebecca Pike – Finder's senior home loans writer

What are investment loans?

An investment loan is a loan you can use to purchase an investment property. That is, a property you intend to rent out. Investment loans have higher interest rates than owner-occupier loans because lenders view investors as riskier borrowers.

Investment loans: Basic facts

Rate

Fixed or variable rates

Investors can choose fixed or variable repayments. Variable rate loans are easier to pay off faster or refinance without an exit fee.

But a fixed rate loan lets you lock in an interest rate and forget about rates rising. There's also the option of splitting your loan into fixed and variable portions.

Thinking

Interest-only repayments

Most owner-occupier borrowers choose principal-and-interest repayments. You borrow money and pay it back, plus interest. Investors can do this too. But they have another option.

Interest-only investment loans start with very low repayments because you're just paying the interest charges. These loans cost you more in the long run. But they let investors maximise their tax-deductible debts in the short term.

House

Tax deductions

As an investor, most expenses related to owning and maintaining your investment property are tax-deductible.

This includes your loan fees and your loan interest charges. If your investment costs you more than it generates in rent, you can offset the cost by reducing your tax bill.

Investor loans versus owner-occupier loans

Investor loans
  • Purpose. You have to use the loan to purchase an investment property, not your place of residence.
  • Deposit. It's not impossible to get an investment loan with a 5% deposit, but you'll have an easier time if you've saved between 10 and 20%.
  • Interest rate. Interest rates are (almost) always at least 10 to 20 basis points higher than a comparable owner-occupier rate (sometimes more).
  • Loan approval. Lenders have stricter eligibility requirements for investors. A lender may require a higher income or restrict how much you can borrow.
  • Tax deductions. Any loan fees, interest charges and other borrowing costs are tax-deductible (but not stamp duty).
  • Features. Investor loans can come with all the same features other home loans have, like offset accounts and redraw facilities.
Owner-occupier loans
  • Purpose. You need to live in the property you're buying.
  • Deposit. You can get a home loan with as little as a 5% deposit (plus LMI).
  • Interest rate. Owner-occupier loans have the lowest rates on the market compared to investment loans. But you should still compare your options.
  • Loan approval. An owner-occupier loan is generally easier to get approved for. But your income, spending habits and the property you're buying still matter.
  • Tax deductions. Your loan costs are not tax-deductible as a homeowner (sorry!).
  • Features. Many owner-occupier loans come with offset accounts, and almost all variable rate loans let you make extra repayments and redraw them.

How do I compare investment loans?

  • Interest rate: A lower interest rate means lower loan repayments.
  • Fees: Take a look at fees that might come with the loan. Avoiding fees can make your loan cheaper.
  • Loan features: Mortgage features like an offset account can help you build up savings while reducing your interest charges. Offset accounts can be very helpful for investors planning to convert their home into an investment later.
  • LVR: Loan to value ratio (LVR) is the amount you can borrow relative to the value of your investment property. If you have a smaller deposit, compare which lenders allow high LVRs. But remember, the smaller your deposit, the more you have to borrow and the higher your costs will be.
  • Borrowing capacity: Every lender has different lending criteria. Compare lenders to get an estimate of your borrowing power before deciding on a particular loan or lender.

How your interest rate changes the cost

Here's a simple example of how the interest rate affects your loan repayments each month and the total interest you pay over 30 years.

Loan amountInterest rateMonthly repaymentInterest over 30 years
$600,0006.00%$3,598$695,030
$600,0006.25%$3,695$729,950
$600,0006.50%$3,793$765,267
$600,0006.75%$3,892$800,972
$600,0007.00%$3,992$837,054

These calculations don't take loan fees or extra repayments into account and assume that the interest rate doesn't change over 30 years.

How do I apply for an investment property loan?

Lenders treat investment properties as higher-risk purchases, which means it can be more complicated to get an investment loan approved.

Here are 6 tips to make your investment loan application a success:

1. Save a bigger deposit.

A 20% deposit is a big ask, but it makes you a less risky borrower (and lets you save on LMI).

2. Check your credit score.

A quick check of your credit score is always a good idea. Sometimes there are red flags or errors you might not have noticed. If it's not in great shape, it's time to start improving it.

3. Trim your spending.

Cutting back on unnecessary purchases in the 3 months leading up to your application boosts your chances of approval.

4. Compare loans and lenders.

Every lender has different eligibility criteria. Some may be stricter when lending to investors.

5. Choose your property carefully.

If the property you're buying looks like a riskier investment due to its size, property type or location, the lender might reject your application.

6. Talk to a mortgage broker.

A qualified broker can help match you up with a bank or lender whose policies and criteria best suit your personal situation.

Matt Corke's headshot

"My mortgage broker suggested I go on an interest only investment property loan as it would keep down the costs, and the interest can be claimed at tax time."

Head of Publishing Ventures

Risks and benefits of investing in property

Property investment can be both risky and rewarding. Here are some of the potential risks and benefits you should think about:

Benefits

  • Rental income. You can earn rental income that puts cash in your pocket right away.
  • Capital gain. If you hold the property for a long time, it could grow in value significantly.
  • Tax and depreciation benefits. You can deduct investment loan interest charges and other investment costs from your income tax each month, making the cost of owning a property far more affordable.
  • The potential to add value. Unlike shares or other investments, you may be able to increase your investment's value through renovations.

Risks

  • Purchase costs. There are also many upfront costs for investors, including lenders mortgage insurance (LMI), stamp duty, building and pest inspections, conveyancing and legal charges.
  • Ongoing costs. There are many ongoing costs such as repairs, strata fees and council rates.
  • Managing tenants. Being a landlord means dealing with the tenants in the property.
  • Illiquid asset. It can take months to sell an investment property if you need to generate cash.

Common wisdom is to opt for an interest-only investment loan so you maximise your tax deductions. And it's a sound approach. The only exception is if you have already paid off the mortgage on your own home. This is not tax-deductible. At that stage, consider going principal and interest and throwing all the money you can at that investment loan to create a debt-free source of income in retirement.

Nicole Pedersen-McKinnon

Nicole Pedersen-McKinnon
Freelance finance journalist

Investment loan guides and resources

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

Why you can trust Finder's home loan experts

freeEasy answers, without any calls. We know fixing is a big deal, but checking you're options and rates shouldn't have to be. We speak to home owners every month, and have put over 50 hours in creating this guide.
expert adviceRates obsessed. We track big banks, small banks, credit unions and digital banks because whether you're fixing up for 1 year or 3, even 1 decimal place could save you big bucks (without getting annoying calls!).
independentReady in any market .Lending rates verified from 180+ products day and night. Whether you're buying for the first time, or remembered refinacing at 3am - our rates are up-to-date.

Frequently asked questions

Sarah Megginson's headshot
John Pidgeon's headshot
To make sure you get accurate and helpful information, this guide has been edited by Sarah Megginson and reviewed by John Pidgeon, a member of Finder's Editorial Review Board.
Rebecca Pike's headshot
Written by

Senior writer

Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds ASIC-recognised certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products. See full bio

Rebecca's expertise
Rebecca has written 201 Finder guides across topics including:
  • Home loans
  • Cost of living
  • Budgeting

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