Compare Home Loan Interest Rates

Melbourne Victoria AustraliaCanstar can help you view and compare interest rates from over 100 Australian lenders and over 4,000 home loans. All interest rates on Canstar’s database are updated the previous business day to help you make an accurate comparison.

The interest rate charged is an important factor to consider when you’re shopping around for a home loan, but it’s by no means the only thing that’s worth looking at. Some of the other factors you may want to take into account when looking for a home loan to suit your needs are outlined further down the page.

View home loan interest rates by category using the links below or see a snapshot of some of the lowest interest rates in Canstar’s database using the comparison table.

Lowest interest rate loans in Canstar’s database

If you’re in the market for a new home loan, see our comparison table below which features a selection of the products on our database sorted by advertised interest rate (lowest to highest), then by provider (A-Z), with links to lenders’ websites. Results are based on a loan amount of $500K in NSW at 80% LVR, and available for Principal and Interest repayments. Choose between the Refinance, First Home and Investing tabs to view results most relevant to you. Before committing to a particular home loan product, check upfront with your lender and read the PDS or other loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity.*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning.

Want to see a full list of products on offer from your institution? Check out our comprehensive list of mortgage lenders: A-Z of Home Loan Providers

Other factors to consider when choosing a home loan

The comparison rate is designed to help consumers identify the true cost of a loan. As well as the interest rate charged, it takes into account factors like the loan amount, the duration, repayment frequency and fees charged. Learn more here.

Loan features: The features that are included as part of a home loan can have a big impact on the overall value it offers. Common features include offset accounts, redraw facilities and the ability to make extra repayments.

Loan fees: While some of the fees charged on a loan – like establishment or regular account fees – are factored into the loan’s comparison rate, some optional fees such as redraw fees or early payout fees may have to be considered separately.

The main types of loans you have to choose from are variable rate loans and fixed rate loans. Learn more about the potential advantages and disadvantages of each here.