homeloans.com.au logo

homeloans.com.au Low Rate Home Loan

Advertiser disclosure

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 80%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 95%

The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 60%

The details shown below are for an owner occupier taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 60%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 90%

The details shown below are for an investor taking out a principal & interest loan between $100,000 and $2,000,000 with an LVR below 95%

The details shown below are for an investor taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 60%

The details shown below are for an investor taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 80%

The details shown below are for an investor taking out a interest only loan between $100,000 and $2,000,000 with an LVR below 90%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 60%

    Loan: $100,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $2,000,000

  • Owner Occupier (Principal & Interest)

    LVR 90%-95%

    Loan: $100,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR < 60%

    Loan: $100,000 $2,000,000

  • Owner Occupier (Interest Only)

    LVR 60%-80%

    Loan: $100,000 $2,000,000

  • Investor (Principal & Interest)

    LVR < 60%

    Loan: $100,000 $2,000,000

  • Investor (Principal & Interest)

    LVR 60%-80%

    Loan: $100,000 $2,000,000

  • Investor (Principal & Interest)

    LVR 80%-90%

    Loan: $100,000 $2,000,000

  • Investor (Principal & Interest)

    LVR 90%-95%

    Loan: $100,000 $2,000,000

  • Investor (Interest Only)

    LVR < 60%

    Loan: $100,000 $2,000,000

  • Investor (Interest Only)

    LVR 60%-80%

    Loan: $100,000 $2,000,000

  • Investor (Interest Only)

    LVR 80%-90%

    Loan: $100,000 $2,000,000

Rate
2.14% p.a.
Comparison Rate
2.16% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.24% p.a.
Comparison Rate
2.26% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.59% p.a.
Comparison Rate
2.61% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.79% p.a.
Comparison Rate
2.81% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.44% p.a.
Comparison Rate
2.27% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.54% p.a.
Comparison Rate
2.37% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.29% p.a.
Comparison Rate
2.30% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.39% p.a.
Comparison Rate
2.40% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.74% p.a.
Comparison Rate
2.75% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.94% p.a.
Comparison Rate
2.95% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.59% p.a.
Comparison Rate
2.42% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.69% p.a.
Comparison Rate
2.52% p.a.
Service fee
$0.00
Upfront fee
$0
Rate
2.89% p.a.
Comparison Rate
2.81% p.a.
Service fee
$0.00
Upfront fee
$0

Mozo editorial review homeloans.com.au Low Rate Home Loan - last updated: 10 August 2021

5 / 5
binocular icon
What's hot
  • Low variable rates from 2.14% (2.16% comparison rate*)
  • No upfront or ongoing service fees
  • Offset account
  • Triple 2021 Mozo Experts Choice Award winner
What's not
  • $300 discharge fee
Mozo snapshot

If you love bargain hunting, then homeloans.com.au's Low Rate Home Loan could be the match for you. Not only are there no upfront or ongoing services fees to worry about, variable rates for owner occupiers start from just 2.14% (2.16% comparison rate*) and there are even a few potentially cost-saving features such as the offset account and free extra repayments. Plus with three wins in the 2021 Mozo Experts Choice Awards – in the Low Cost Home Loan, Offset Home Loan and Investor Home Loan categories – you know you're on to a winner!

key icon
Key features

Available on loans from $100,000 to $2,000,000, the Low Rate Home Loan can be accessed by a wide range of owner occupier and investor borrowers, with rates dependent on the type of borrower you are, the type of repayments you're looking to make (principal and interest or interest-only) and your loan-to-value ratio (LVR). 

The variable rates on offer with the loan really are some of the lowest around, and for owner occupiers they start at: 

  • 2.14% (2.16% comparison rate*) with an LVR <60%
  • 2.24% (2.26% comparison rate*) with an LVR between 60-80%
  • 2.59% (2.61% comparison rate*) with an LVR between 80-90%
  • 2.79% (2.81% comparison rate*) with an LVR between 90-95%

Beyond interest rates, the Low Rate Home Loan comes with some handy features for borrowers. You’ll be able to minimise the interest you pay over the life of your loan by popping your salary or savings in the 100% offset account. There’s also the option to make unlimited additional repayments to pay down the loan sooner, as well as to redraw that extra cash online via the redraw facility without incurring any fees.

Speaking of fees, there are no one-off upfront fees, or any ongoing service fees. In fact, the only other cost you'll need to consider is the $300 discharge fee. 

snapshot
Who is it good for

The Low Rate Home Loan comes with competitive variable rates for a variety of needs - whether you're an investor, an owner occupier, or whether your LVR is big or small. Given that, plus the suite of features and few fees, this could be a loan to suit almost all borrowers. 

question icon
Any catches

Just remember that there is a $300 discharge fee when you pay out the loan or switch to another lender.

Picture of Tom Watson
Tom Watson
Finance journalist

Tom Watson is a financial journalist at Mozo and co-host of the Finance Burrito podcast, specialising in fintech, property and business banking. Whether it’s reporting on banking trends or uncovering the latest product innovations, Tom’s mission is to keep our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney. He is also ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.14% p.a.

n/a

n/a

n/a

2.16% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

none

60.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.24% p.a.

n/a

n/a

n/a

2.26% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

60.00%

80.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.61% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

80.00%

90.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.79% p.a.

n/a

n/a

n/a

2.81% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

90.00%

95.00%

Features

Owner Occupier

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.44% p.a.

n/a

n/a

n/a

2.27% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

none

60.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.54% p.a.

n/a

n/a

n/a

2.37% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

60.00%

80.00%

Features

Owner Occupier

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.29% p.a.

n/a

n/a

n/a

2.30% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

none

60.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.39% p.a.

n/a

n/a

n/a

2.40% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

60.00%

80.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.74% p.a.

n/a

n/a

n/a

2.75% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

80.00%

90.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.94% p.a.

n/a

n/a

n/a

2.95% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

90.00%

95.00%

Features

Investor

Principal & Interest

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.59% p.a.

n/a

n/a

n/a

2.42% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

none

60.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.69% p.a.

n/a

n/a

n/a

2.52% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

60.00%

80.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Details

Rates and fees information correct as at 16 September 2021. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

2.89% p.a.

n/a

n/a

n/a

2.81% p.a.

n/a

n/a

n/a

n/a

n/a

n/a

n/a

n/a

Fees

$0.00

n/a

$0.00

$0.00

n/a

$0.00

$300.00

Other financial bits

$100,000

$2,000,000

80.00%

90.00%

Features

Investor

Interest Only

Weekly, Fortnightly, Monthly

yes - free

no

yes - free

$0.00

yes

yes

none

none

none

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

Customer Reviews

How are homeloans.com.au home loans rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of homeloans.com.au Low Rate Home Loan

WARNING: This comparison rate applies 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 cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.