InfoChoice | Compare Variable Home Loan Rates
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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 3.65 3.66 - - - - - $152,611.28 $2,543.52 Go to site
Low Rate Home Loan with Offset <80 P&I 3.69 3.72 - - - - - $153,547.37 $2,554.36 Go to site
UHomeLoan SVR Value Offer (P&I) 3.74 3.74 - - - - - $154,076.12 $2,567.94 Go to site
Orange Advantage ($500k+ where LVR <=80% O/Occ) - Principal & Interest 3.74 4.06 - - - - - $155,870.12 $2,567.94 Go to site
Classic Home Loan Special <80LVR 3.88 3.89 - - - - - $156,370.07 $2,606.17 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
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
Orange Advantage ($500k+ where LVR >90% - O/Occ) - Principal & Interest 4.75 5.05 - - - - - $172,829.21 $2,850.59 Go to site
Standard Variable 4.99 5.00 - - - - - $175,202.27 $2,920.04 Go to site
2 Year fixed discount rate Home Loan Privileges Package $150k plus (OO) (fixed) - - - - - - - $2,125.00  
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  
eMoney Prime Pro Pack LVR <80% (>$200K) P&I 3.58 3.72 - - - - - $151,857.30 $2,524.62  
Special Offer Back to Basics Owner Occupied >$150K 90% LVR 3.68 3.69 - - - - - $153,098.70 $2,551.65  
Macquarie Bank Ltd - Aussie IQ Basic Principal and Interest (LVR <=70%) <$750k (Owner Occupier) 3.69 3.70 - - - - - $153,624.37 $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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