Updated on 24 June, 2022
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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. Comparison rates are not calculated for revolving credit products.
Monthly repayment figures are estimates only and exclude fees. Based on the advertised rate, 25 year term and loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Interest only loans – the monthly repayment figure is applicable only for the interest only period. After the interest only period, your principal and interest repayments will be higher than these repayments. Fixed rate loans – the monthly repayment is based on an interest rate that applies for an initial period only and will change when the interest rate reverts to the applicable variable rate.
Variable Rate 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.