Compare some of the lowest fixed and variable home loan rates

TAMIKA SEETO
Finance Journalist · 5 October 2021
Canstar compares thousands of home loans from over 80 lenders. We’ve listed some of the lowest fixed and variable home loan rates currently on our database.

With many household budgets stretched due to the ongoing coronavirus pandemic, now could be a good time to compare your options and see if you could nab a lower interest rate.

But remember that while it’s an important factor, a low interest rate isn’t the be-all and end-all of a home loan. The other aspects of a loan, including its features and fees, can also have a bearing on the cost to you and the quality of the product overall. Consider taking a look at Canstar’s most recent Home Loan Star Ratings and Awards to see how our experts rated over 3,000 different products, including fixed and variable rate home loans, principal and interest loans and those that allow borrowers to pay interest-only for a period.

When sizing up your options, you can also consider the loan’s comparison rate. The comparison rate typically takes into account the interest rate as well as most upfront and ongoing fees and charges. This is designed to give borrowers a closer estimate of the total cost of the loan per year.

Please note that the interest rates below don’t take into account your credit history or other factors specific to your application, so not everyone can necessarily qualify for a lender’s minimum advertised rate. Further eligibility criteria may be assessed and determined by the lender.

Some of the lowest interest rates for fixed rate home loans on Canstar’s database

The comparison tables below display some of the fixed rate home loan products on Canstar’s database with links to lenders’ websites, for refinancing owner-occupiers in NSW making principal and interest repayments on a loan of $350,000 with an 80% LVR. Choose between the 1-year fixed, 3-year fixed and 5-year fixed tabs to view results most relevant to you. The results are sorted by ‘current rate’ (lowest to highest). Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

Lowest interest rates for 1-year fixed home loans

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

Lowest interest rates for 3-year fixed home loans

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

Lowest interest rates for 5-year fixed home loans

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

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Some of the lowest interest rates for variable rate home loans on Canstar’s database

The comparison tables below display some of the variable rate home loan products on Canstar’s database with links to lenders’ websites, for borrowers in NSW making principal and interest repayments on a loan of $350,000 with an 80% LVR. You can choose between the refinance, first home and investing tabs to view results most relevant to you. The results are sorted by ‘current rate’ (lowest to highest). Before committing to a particular home loan product, check upfront with your lender and read the applicable loan documentation to confirm whether the terms of the loan meet your needs and repayment capacity. Use Canstar’s home loan selector to view a wider range of home loan products.

Lowest interest rates for refinance home loans

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

Lowest interest rates for first home loans

*Comparison rate based on loan amount of $150,000 and a term of 25 years. Read the Comparison Rate Warning

Lowest interest rates for investing home loans