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Variable Home Loan / Variable Home Loan Rates

Looking for a variable home loan?

Variable rate home loans are a popular choice for Australian homebuyers. They offer flexibility and may allow you to take advantage of cuts to the official interest rate, depending on whether your financial provider passes on the change.


Our comparison table breaks down the features, rates and fees of different variable home loans from a range of lenders. Take special note of the comparison rate, which combines the advertised interest rate with any fees and charges, so you can estimate the average total cost of each loan.



Results showing:
  • All
  • Loan amount: 500,000
  • Owner occupiers
  • Variable rate loans
  • Up-front fees: Any
  • Monthly fees: Any
  • Early term. fees: Any

Institution Product Name VARIABLE INTRO FIXED RATES 5 Year Cost Initial Monthly Repay.
Variable Rate Comp. Rate Intro Rate Term (months) 1 Yr 3 Yr Comp. Rate
Home Value Loan - Owner Occupied 3.85 3.90 - - - - - $156,129.45 $2,597.95 Go to site
Classic Home Loan Special <80LVR 3.88 3.89 - - - - - $156,370.07 $2,606.17 Go to site
Fresh Start Basic Home Loan (Owner Occupier) 3.99 4.04 - - - - - $158,980.45 $2,636.42 Go to site
Classic Home Loan Special <90LVR 4.10 4.11 - - - - - $160,012.20 $2,666.87 Go to site
Classic Plus Package (New lending $500,000 plus) SPECIAL 4.09 4.40 - - - - - $161,345.67 $2,664.09 Go to site
NAB Base Variable Rate Home Loan - Principal and Interest 4.17 4.21 - - - - - $162,130.57 $2,686.34 Go to site
Classic Home Loan Special <95LVR 4.25 4.26 - - - - - $162,521.43 $2,708.69 Go to site
Classic Plus Package ($250,000 & above) 4.39 4.70 - - - - - $166,382.20 $2,748.04 Go to site
Classic Home Loan 4.49 4.50 - - - - - $166,579.51 $2,776.33 Go to site
NAB Defence Force Variable Home Loan - Principal and Interest 4.45 4.58 - - - - - $166,729.48 $2,764.99 Go to site
NAB National Choice Package ($500,000 to $749,999) - Principal and Interest 4.47 4.86 - - - - - $168,564.31 $2,770.66 Go to site
Standard Variable 4.99 5.00 - - - - - $175,202.27 $2,920.04 Go to site
NAB Tailored Home Loan Variable Rate - Principal and Interest 5.32 5.45 - - - - - $182,445.39 $3,016.92 Go to site
FlexiDiscount Discounted Variable Rate Loan <80% LVR 3.09 4.23 - - - - - $145,421.69 $2,394.53  
Pure & Simple Autumn Special 3.49 3.49 - - - - - $150,326.22 $2,500.44  
Owner Occupied Loan (P&I) 3.49 3.53 - - - - - $150,658.72 $2,500.44  
Essentials 80 PI 3.64 3.66 - - - - - $152,968.99 $2,540.82  
Low Rate Home Loan with Offset <80 3.69 3.72 - - - - - $153,547.37 $2,554.36  
The Online Home Loan - LVR <80% 3.69 3.69 - - - - - $153,624.37 $2,554.36  
The Online Home Loan - LVR <70% 3.69 3.69 - - - - - $153,701.37 $2,554.36  
Institution Product Name Variable Rate Comp. Rate Intro Rate Term (months) 1 Yr 3 Yr Comp. Rate 5 Year Cost Initial Monthly Repay.
VARIABLE INTRO FIXED RATES

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*The comparison rates in this table are based on a loan amount of $150,000 and a term of 25 years. WARNING: These comparison rates apply 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.
**Default value for 5 year cost and monthly repayments based on a home loan amount of $500,000, paid over a term of 25 years. 5 year cost is the sum of all principal and interest payments made on the home loan, along with any upfront fees (application, legal, settlement, valuation) as well as any ongoing fees that might be payable. This is assuming you remain with the same lender and no extra payments are made.




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Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.

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