Home Loans Awards 2021

Congratulations to the 2021 winners of Mozo Experts Choice Awards for Home Loans. We’ve compared hundreds of home loans for this year’s awards, so if you’re a first home buyer, want to refinance your existing mortgage to get a little breathing room, or are browsing in the property investment market, then this is a good place to begin your search for the most suitable home loan for your needs.

Mozo Experts Choice Awards 2021 Badge

What are the Mozo Experts Choice Awards?

Now in their eighth year, the Mozo Experts Choice Awards are a place where we highlight the products out in the market that we believe offer great value to Australians.

For the 2021 home loan awards, we analysed 506 home loans issued by 99 Australian financial institutions.

“With mortgage rates at an all time low, it’s more important than ever that Australians shop around for a better deal on their home loan,” said Peter Marshall, Mozo Experts Choice Awards judge.

“This year’s research found that borrowers could save thousands over the life of their loan by simply switching to a cheaper home loan and finding one that better suits their individual needs.”

For details on how we crunched the numbers and determined our winners see our 2021 Mozo Experts Choice Awards Home Loans methodology report.

 

Home Lender Bank of the Year

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ING logo

A standing ovation goes to ING who has been crowned Home Lender Bank of the Year for 2021. ING impressed our judges with its competitively priced home loan range taking out awards in the Package, Fixed and Split Home Loan categories, as well as ranking highly across other Mozo Experts Choice Awards categories for overall value.

 

 

Online Home Lender of the Year

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Tic:Toc logo

 

Displaying remarkable consistency, Tic:Toc has been named our Online Home Lender of the Year for the third year in a row. The tech-focused lender scored wins in almost every category - Low Cost Home Loan, Offset Home Loan, First Home Buyer Loan, Fixed Rate Home Loan, Investor Home Loan and Investor Fixed Home Loan. In fact, that’s more wins in more categories than any other provider in the 2021 awards!

 

 

Home Loan Innovation

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Athena Logo

 

Online lender Athena introduced their AcceleRATES feature last year, which offers home loan rates that automatically decrease as the loan is paid down and the loan-to-value ratio lowers. This innovative feature ensures borrowers are receiving the lowest rate available to them from Athena. This is Athena’s second Home Loan Innovation award in as many years, and a definite well-deserved win.

 

 

Low Cost Home Loan

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No matter what stage of the home loan journey you’re at, finding a low cost home loan is something most borrowers are seeking. For this category, the Mozo judges assessed 304 variable rate loans for owner occupier borrowers making principal & interest repayments looking to borrow 80% of the value of their property, and awarded these as the lowest cost.

 

Fixed Rate Home Loan

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With massive growth in the fixed rate home loan market as a result of rock bottom interest rates, winners considered in this category had to offer at least 3 different fixed rate terms, which resulted in 164 products being assessed. The Mozo judges calculated the annual cost of each fixed rate term offered and ranked them, then averaged the three best results.

 

Offset Home Loan

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First Home Buyer Loan

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Packaged Home Loan

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Split Home Loan

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Investor Home Loan

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Investor Fixed Home Loan

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For this award, our judges identified the lenders with the lowest costs over a range of fixed terms for property investors. We assessed 137 options, calculating the annual cost of each fixed rate term offered, averaging the three best results. The calculation was performed using rates applicable to both principal & interest and interest only loans. Those that stood out are...

 

Green Home Loan

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Frequently Asked Questions

What’s the Judging Criteria for the awards?

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Did you compare all home loans in the market for these awards?

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How do I choose the best home loan for me?

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Who are the Mozo Experts?

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I work for a financial institution, how do we promote our win?

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