The best home loans for home buyers depends on what you are looking for in a loan, what life stage you are at and what the loan is for. This page contains some of the lowest home loan rates currently on offer from the big banks, Commonwealth Bank, Westpac, NAB and ANZ Bank in February 2020 as listed on InfoChoice.com.au, Australia’s leading financial comparison service since 1993. The best rate for you may not be the absolute lowest rate. Firstly, make sure you look at the comparison rate, which includes the fees that will be charged and estimates a total cost for the loan. Then consider options like offset and redraw and what these may have on the total cost of the loan. The best rate for you is the one that delivers the best value home loan package deal for your circumstances. Use InfoChoice’s home loan calculators to help you. These rates are compiled by InfoChoice researchers and are correct at time of publishing. All these rates are taken from InfoChoice and relate only to loans listed on InfoChoice.com.au’s database of 145 lenders in Australia. All four big banks may offer discounts of these rates, especially for borrowers with a high credit score or good credit rating. Because of changing rates and variations between products and offers, other loans offered by these lenders may have lower advertised or comparison rates than the loan rates quoted here. While these rates are among the lowest rates and they are all among the best value deals that we can find currently on offer from Commonwealth Bank, Westpac, ANZ and NAB, you may be able to find better rates at InfoChoice, either from these lenders or 140 other institutions in Australia. Commonwealth v Westpac v NAB v ANZ home loan rates Which big four bank is best for home loans? Which big four bank has the best rates for first home buyers? Investors? Owner Occupiers? The answer may be in this list of top home loan rates from the big four banks taken from listings on InfoChoice. Or you could find that other lenders have better deals for you, when compared with the loans from these major lenders. Top Commonwealth Bank Home Loan rates Commonwealth Bank’s top rate for first home buyers: Commonwealth Bank’s lowest rate for first home buyers (OO, P&I) is currently 2.99% pa (comparison rate 4.37% pa) fixed for three years. Commonwealth Bank’s top rate for owner occupiers: Commonwealth Bank has a 3.22% pa rate (comparison rate 3.23% pa) for borrowers with a 30% deposit (P&I). Commonwealth Bank’s top rate for investors: Commonwealth Bank has a 3.44% pa rate (comparison rate 5.01% pa) for investors fixed for two years. Check out all of Commonwealth Bank’s current home loan rates as listed on InfoChoice in February 2020. Top National Australia Bank home loan rates NAB’s top rate for first home buyers: NAB’s Fixed Choice Package 2-Year home loan has a current variable first home buyer special rate of 2.88% pa (comparison rate 4.34% pa). NAB’s top rate for owner occupiers: For borrowers with small deposits from just 5%, NAB has a rate of 3.29% pa (comparison rate also 3.29% pa). NAB’s top rate for investors: NAB has fixed rates for investors charging from 3.38% pa (comparison rates from 4.97% pa). All of National Australia Bank’s current home loan rates as listed on InfoChoice in February 2020. Top Westpac Bank home loan rates Westpac Bank’s top rate for first home buyers: Westpac Bank’s Flexi First Option Home Loan (P&I, LVR up to 70%) has a current variable rate of 3.18% pa (comparison rate 3.19% pa). Westpac Bank’s top rate for owner occupiers: Westpac’s Fixed Options Home Loan Premier Advantage Package (P&I, LVR up to 70%) has current fixed rates for owner occupiers starting at 2.88% pa (comparison rate from 3.71% pa). Westpac Bank’s top rate for investors: Westpac Bank’s Fixed Rate Investment Property Loan Premier Advantage Package (P&, LVR up to 70%) has rates starting 2.99% pa (comparison rate 4.13% pa) Check out all of Westpac Bank’s current home loan rates as listed on InfoChoice in February 2020. Top ANZ Bank home loan rates ANZ Bank’s top rate for first home buyers: For first home buyers with a 20% deposit, ANZ Bank has the ANZ Simplicity PLUS P&I Special Offer variable home loan rate currently set at 3.12% pa (comparison rate 3.16% pa). ANZ Bank’s top rate for owner occupiers: ANZ Bank have fixed home loan rates from 2.98% pa (comparison rates from 4.35% pa) for owner occupiers paying principal and interest. ANZ Bank’s top rate for investors: For investors, ANZ Bank has fixed rates starting at 3.29% pa (comparison rates from 4.85% pa). Check out all of ANZ Bank’s current home loan rates as listed on InfoChoice in February 2020. Here may be other lenders, other loans and other loans products from these banks and others that are lower rates or better deals for you. Compare 1800 home loans at InfoChoice. The products compared in this article are chosen from a range of offers available to us and are not representative of all the products available in the market and influenced by a range of factors including interest rates, product costs and commercial and sponsorship arrangements InfoChoice compares financial products from 145 banks, credit unions and other financial institutions in Australia. InfoChoice does not compare every product in the market. Some institutions may have a commercial partnership with InfoChoice. Rates are provided by partners and taken from financial institutions websites. We believe all information to be accurate on the date published. InfoChoice strives to update and keep information as accurate as possible. The information contained on this web site is general in nature and does not take into account your personal situation. Do not interpret the listing order as an endorsement or recommendation from us. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. If you or someone you know is in financial stress, contact the National Debt Helpline on 1800 007 007.