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home loans and rates online

Adelaide Bank
AMP
ANZ Bank
Bankwest Bank
Citibank
commonwealth Bank
ING Banks
Macquarie Banks
ME Banks
Nab Banks
Pepper Money Banks
St George Bank
Suncorp bank
Teacher Mutual Banks
Westpac Banks

Benefits of Comparing Home Loans and Rates Online?

It MAKES CENTS to compare home loans and rates online. 35+ leading lenders, easily and all in one place.

Get a home loan that fits your lifestyle and budget. No two people are the same. No two home loans are the same. 
We help you compare home loans and rates online to give you peace of mind and clarity in choice.

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You're in good hands, we can compare home loans from 35+ lenders including thousands of products.

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Great Deal For You

Don't compromise quality of home loan for convenience. We’ll get you a great deal online and assist you throughout the whole process. Comparing home loans doesn't have to be difficult.

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Peace of Mind

Have full confidence knowing you'll compare home loans and rates by the thousands. Find the best for you and your family. 

The right loan, right now.

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Compare Australian Home Loans and Rates Online

Correct as at 04/07/2023
COMPANY PRODUCT ADVERTISED
RATE
COMPARISON
RATE*
ANNUAL FEE FEATURES

Yard Home Loan

   0

(0 Reviews)

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PAYG Variable 5.84% 5.73% $0
  • Unlimited redraws.
  • Option 100% Offset Facility for $120 p.a.

APPLY ONLINE NOW

Homestar Finance Bank

   0

(0 Reviews)

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Star Gold 5.69% 5.69% $0
  • No Monthly Fees.
  • Free Online Redraws.
  • Unrestricted Extra repayments.

APPLY ONLINE NOW

IMB Bank

   0

(0 Reviews)

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Budget Home Loan 5.69% 5.70% $0
  • Life-of-loan Discounts off IMB Standard Variable interest rate.
  • Free Internet and Mobile Banking Redraws.
  • No Monthly Fees.

APPLY ONLINE NOW

Ubank Home Loan

   0

(0 Reviews)

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Neat Variable Home Loan 5.74% 5.76% $0
  • No Annual Fee.
  • Make and redraw additional payments at no extra cost.

APPLY ONLINE NOW

Unloan Home Loan

   0

(0 Reviews)

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Unloan Variable 5.59% 5.50% $0
  • One Simple Low Rate.
  • Built by CommBank.
  • Receive an extra 0.01% p.a. discount, every single year.

APPLY ONLINE NOW

Loans.com.au Home Loan

   0

(0 Reviews)

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Green Home Loan 5.64% 5.85% $0
  • Australian based support team.
  • No monthly or ongoing fees.
  • Unlimitd additional repayments

APPLY ONLINE NOW

Adelaide Bank

   1.5

(1 Reviews)

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Smart Fit 5.88% 6.05% $180
  • There's no monthly fee on Smart Fit.
  • Choose between a variable or fixed interest rate
  • It's free to redraw online or via our app (min. $1).

COMPARE THIS LENDER

AMP Bank Home Loan

   0

(0 Reviews)

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Professional Package Home Loan 5.99% 6.34% $0
  • 100% loan offset account with variable rate loan
  • Unlimited additional repayments for Variable Loan
  • $5,000 Cashback Available

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Bank West

   0.5

(1 Reviews)

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Simple Home Loan 6.19% 6.21% $0
  • Borrow up to 98%.
  • No Application and no Annual Fee.

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Pepper Money

   0

(0 Reviews)

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Variable Interest 6.39% 6.57% $0
  • Non-genuine savings accepted
  • Visa Debit card access
  • Offset sub-account

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Teachers Mutual Bank

   0

(0 Reviews)

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Your Way Plus Home Loan 5.64% 5.68%
  • Unlimited fee-free redraws
  • Unlimited additional repayments

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ANZ Bank

   4

(320 Reviews)

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Basic Variable 6.09% 6.73%
  • Make Extra repayments anytime
  • Redraw available funds
  • Save on interest with an offset account ($210 a month)
  • Up to $4,000 cash back

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Commonwealth Bank

   4.3

(811 Reviews)

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Extra Home Loan 6.24% 6.62% $0
  • Redraw without a fee
  • Refinance Cashback Available

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ING Bank

   3.9

(133 Reviews)

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Mortgage Simplifier 5.94% 5.96%
  • Refinance Cashback available
  • Up to $3,000 cashback
  • Unlimitd additional repayments

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Macquarie Bank

   3.2

(58 Reviews)

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Basic Home Loan 5.79% 5.81% $0
  • Free Redraw
  • $0 Annual Fee
  • Up to 6 loan accounts

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ME Bank

   3.5

(52 Reviews)

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Basic 5.93% 5.95% $0
  • No Application Fees.
  • Offset Accounts

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NAB Bank

   4.1

(281 Reviews)

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NAB Base Variable Rate 6.24% 6.28% $0
  • Unlimited redraws.
  • Offset Accounts.
  • Split Loan.
  • Up to $2,000 cashback.

COMPARE THIS LENDER

St George Bank

   4

(133 Reviews)

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Basic Home Loan 5.94% 5.95% $0
  • 4k Cashback with Refinance.
  • Family Pledge Strategy.
  • No monthly or application fees.

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Suncorp Bank

   3.8

(76 Reviews)

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Back to Basics 5.83% 5.84% $0
  • No Monthly account fee.
  • Unlimited repayments.
  • No loan establishment fee on new loans over $150,000.

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Westpac Bank

   4

(283 Reviews)

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Variable Rate 5.99% 6.23% $0
  • $2k Cashback on Refinance.
  • Parental leave assistance.
  • Easy to switch to interest only.

COMPARE THIS LENDER

Find a Mortgage Broker In Your City

Speak to a local mortgage broker and compare home loans today.

What is a home loan?

Taking out a home loan is when you borrow a percentage of money from a bank or lender to buy a house, this is typically (but not always) no less than 95% of the value of the house. The bank or lender lends this money in exchange for paying interest on this money. The bank or lender uses the house as a ‘security bond’ to ensure you will pay back the loan in full over a defined time period at an agreed interest rate (be it fixed or variable). This means you agree for the lender to repossess the house should you default on paying back the loan. The lender typically gives you twenty to thirty years to repay the loan, This benefits both parties, in that the borrower can then afford to repay the loan sustainably over time. It also benefits the lender because the length of time to repay the loan maximises the amount of interest the lender makes and mitigates the security risk they hold on the house, as property typically accumulates capital growth over time. Thats is why its is vital that you compare home loans and rates to find the best fit.

What is a home loan?
What is an interest rate?

The interest you pay on a home loan is in essence the price you pay to buy the money you need to purchase the home. Banks and lenders, when they offer interest rates are essentially ‘selling money’ to people wanting to buy a home but do not have the full purchase amount. It's important to compare home loans to make sure you're on the best rate!

What’s new for home loans in 2021
What’s new for home loans in 2022?

2021 and 2022 have seen an increase in low fixed interest rate home loans, a number of these under 2%. An unprecedented number in Australia’s history. These low rates have been the centre of media and advertising attention, and why not? That’s cheap!

Not to ruin the party, but a number of lenders, including the big 4, as of June 2021, have started to increase their two and four year fixed rate home loans.

You can historically look at periods of time in Australian history when the big 4 banks increased their rates, was when they sensed instability or danger on the horizon. Rightly so, the housing market has been increasing unnaturally at above 12% Nation-wide for the past 18 months. Due to COVID-19 and Australian lockdowns, Aussies have not been able to travel or spend as much as they usually do, and are renovating and selling their homes, or moving up and buying bigger houses.

How to compare home loans and rates

MakesCents currently compares over 35 lenders easily and all in one place. You can get started in less than 60 seconds. The best news is, it’s completely free, obligation free and will not affect your credit rating.

IT IS SIMPLE TO GET STARTED:

Step 1: Enter you details securely here >

Step 2: Find out if you qualify

Step 3: receive an initial phone call from a mortgage broker to start the process

Practically Comparing Home Loans and Interest Rates

It's important to remember that when comparing home loans and interest rates, they can have only small variances, but depending upon the size of the loan and the length of the loan, it can make a big difference.

Example: On a $600,000 loan amount, if you refinance to only a 0.40% cheaper interest rate, you will save a whopping $45,090 over the life of the loan. That is $1,503 per year or $125.25 a month over the life of a 30 year home loan.

Difference:
Amount borrowed: $600,000 $600,000
Interest rate: 2.35% 2.75% 0.40%
Repayment frequency: Monthly Monthly
Total Interest Paid: $240,311 $285,401 $45,090

Who wouldn’t want an extra $125.25 in the pocket each month? What are you waiting for? Let’s get started now>

Comparing home loans and features

Its is easy to fall into the trap of shopping for interest rates alone, but it is important to note the way you structure your home loan can also help reduce repayments and fees.

For example, utilising an offset account or redraw facility correctly can also help you save money. These features should not be lightly overlooked when comparing home loans.

Compare home loan rates online
Should I just go for the lowest interest rate?

When you are comparing home loans or considering refinancing, the interest rate is obviously an important and significant factor, however, there are a number of other features and factors that can also impact on the total cost of the loan.

FOR EXAMPLE:

  • Any fees payable on the loan
  • Offset account features and limitations
  • Redraw facilities, fees and penalties attached to this.
  • Ease of working with that lender (ie: do they have an app? Is it easy to make repayments?)

The smallest difference in maximising these factors and features, can mean the difference in tens of thousands of dollars, given the loan is a large amount spread over a long period of time. Similarly, getting this right can also allow you to pay your home off sooner than you first thought.

A good mortgage broker can talk you though all of these technical things to make sure you get the best rate combined with the best features.

Why should I use a mortgage broker to help me compare and apply for home loans or refinancing?

Benefit of using a mortgage broker No. 1: The convenience factor

First and foremost, the benefit is in the ‘ease and access of choice’. Using a mortgage broker can allow the borrower to access rates and products from multiple lenders in the market, giving you choice and a true comparison. Without the services of a mortgage broker, the burden of research essentially falls on you.

According to multiple studies, unfortunately even today, nearly 70% of Australian’s do no use a mortgage broker. That means 70% of Aussies are either just “trusting their bank has the best product and rate” or are attempting to shop around themselves, directly with lenders. This can be both tiresome and confusing, given that there are now around 50+ bank and non-bank lenders in Australia. Could you imagine enquiring directly with 50 lenders?

Benefit of using a mortgage broker No. 2: One point of data entry

If you choose to ‘go it alone’ you will need to fill out pre-qualification documents with each individual lender, each time you apply. This can be a tiresome exercise when done once, let alone half a dozen times or 50 times if you want to find the best rate yourself without a mortgage broker.

Using a mortgage Broker allows you to do ONE(1) pre-qualification application, that is then typically entered into their aggregator software. Once they have lodged this, the system links with multiple lenders (often 20 – 50 lenders, depending upon who they are accredited to work with) and delivered the best possible rates and loans available from these lenders. You then can sit down with your mortgage broker and determine the best home loan for you.

Benefit of using a mortgage broker No. 3: No extra cost

Many Australians do not realise that the services of a mortgage broker is typically (unless pre-stated) FREE of charge. The mortgage broker does not need to charge you a fee because they are remunerated in commissions by the lender they write the loan for.

For example, if you apply for a home loan with a mortgage broker and compare 20 home loans and choose Suncorp Bank to go with, Suncorp Bank will pay the mortgage broker a commission for bringing the business to Suncorp Bank. Many people believe that they need to pay a fee to the mortgage broker or perhaps they can get it cheaper if they go directly with the bank, but in most cases this is false. Another reason you may not be able to get a cheaper rate from the lenders directly is that mortgage brokers also provide a valuable service to the lender because the mortgage broker is handling all the documentation and dealing with the clients directly.

Benefit of using a mortgage broker No. 4: Independent Advice

If you bank with a particular bank or lender and then approach them for a home loan, typically they are only offering you ‘their best rate’ that they have for you, not the markets best rate. Similarly, if you already have a mortgage with a bank or lender, we can guarantee you that they are not calling you and telling you that another bank has a better rate than them, even if it would be in your best interest to know this.

Periodically sitting down with a mortgage broker can prove to save you thousands of dollars in the long run, purely because you get a ‘whole market’ view of what is available and best for you.

We’ve seen sometimes up to a 3% variance in people’s home loan rates before we refinance them. For example Sarah was on a 3.65% rate before we found her a 1.95% refinance rate saving her thousands per annum and potentially years off her mortgage. Her bank’s best rate for her was 3.65%, but this was not the markets best rate for her. Without talking to a mortgage broker, she would be overpaying thousands of dollars in interest over the life of the loan.

Why Choose Us as Your Mortgage Broker?

Buying your first home or refinancing your family home or investment properties can be quite overwhelming. For some, the search for the right product in and amongst thousands of loan products can be daunting. How do you know which one is a good fit for you? Our mortgage brokers have the desire and capability to help you find the home loan or refinance solution that best suits your needs. And, we are here for you for the long haul. One of the most satisfying things for us is to see clients pay their loan off and retire well!

So why choose us as your mortgage broker?

Get the right product for your situation.

We carefully assess your long-term goals and financial situation to make sure that you get the home loan or refinance solution that suits your needs.

Get the best interest rates. (for you)

We offer the benefit of choice! Over 35 lenders and thousands of their products are compared when looking at your goals and requirements. We have nurtured our relationships with our panel of lenders throughout the years of working with them. This allows us to access the best interest rate based on your application. We want to chat to you and find out more about you and your goals and desires, because the “best loan” might not always the “best fit”. Our value advantage is not just “rates” but solutions to suit your goals and dreams.

Easy application, fast approval

The pre-approval and application process in purchasing a house is often complex. We’ll help you navigate through it so that you can purchase your home without a fuss. We can also make your dream of owning a home so much faster. We also offer lightning fast refinance settlements for our clients.

We are an independent broking company

We are not owned by a bank, and we are under no obligation to offer you their products. We are completely privately owned with no outside investment, ulterior motive or interest. Our mortgage brokers are actually paid a salary, their commissions are equal across lenders and therefore less incentivised to “sell” you anything, as much as they are obligated to offer you the best product to suit your needs and goals. Our brokers will provide you with sound and carefully considered home loan and finance advice.

Access to over 35 lenders

We have access to more than 35 major lenders, banks, credit unions and other specialised lenders that offer competitive rates and flexible credit policies. Our platform allows us to quickly scan thousands of loan products from their lenders and present you with the most suitable lender and products.

Count on our nationwide services

Our technology capabilities and broker locations can help you find the most suitable home loan (and help you qualify for it) no matter where you are in Australia. It doesn’t matter if you live in Victoria and are buying an investment Property in New South Wales or Queensland, we can help you no matter the geography.

We offer exceptional post-settlement service

Maybe you’ve been left out to dry by your existing bank? Treated like just another number in the system? If you think that we’ll leave you after buying your home own, think again. We’ll be there to assist you throughout the duration of your home loan. Moreover, we will be available to answer your post-settlement questions and help you make amendments, additions and changes to your loan. Post settlement of your home purchase or refinance, we will be with you and in contact with you even if a more suitable or better product comes up and we think it might be better suited to you. The market changes, rates change and so do your circumstances. We will monitor this and make sure you are always ahead of the curve.

Honest valuations and credit reports

We will not lead you on. Instead, we will give you an upfront estimate of how much you can borrow from the bank. We will also guide you through the application process so that you can secure a home loan approval and not charge you for it. You can access free home value reports and credit reports from us, for life. Want to buy an investment property? We can offer some free reports and valuations to help you make an informed decision.

We’ll take you to lenders who can help

Unlike most mortgage brokers, we are not just after your money or just a fast transaction. We know which lenders can help, so we will not be wasting your time by sending you to lenders who can’t.

We know the policies of each of the lenders we deal with, as well as potential problems and hidden catches that you might encounter. Our extensive pre-application credit assessment process ensures that we have screened the bank or lender’s application process and qualifications thoroughly before applying with them.

Most of our mortgage brokers have worked in major lenders before. As a result, they know the ins and outs of approving and declining loan applications and understand how to get your home loan approved.

Need a more bespoke solution? We also specialise in all types of non-conventional home loans, including low doc loans, non-resident home loans and unusual employment loans.

We have your best interests at heart

You’ll be glad to know that under Best Interest Duty, we have a legal obligation to act in your best interests. On the other hand, banks and other lending institutions are not legally required to do so. This means you can have peace of mind knowing that Makes Cents will not hang you out to dry.

Home Loan Blogs Blog Blog

Compare Home Loans by Customer Reviews

Adelaide Bank Reviews

Overall Rating

   4.1

(1 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
AMP Bank Home Loan Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
ANZ Bank Reviews

Overall Rating

   4.1

(320 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Bank West Reviews

Overall Rating

   4.1

(1 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Commonwealth Bank Reviews

Overall Rating

   4.1

(811 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Homestar Finance Bank Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
IMB Bank Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
ING Bank Reviews

Overall Rating

   4.1

(133 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Loans.com.au Home Loan Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Macquarie Bank Reviews

Overall Rating

   4.1

(58 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
ME Bank Reviews

Overall Rating

   4.1

(52 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
NAB Bank Reviews

Overall Rating

   4.1

(281 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Pepper Money Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
St George Bank Reviews

Overall Rating

   4.1

(133 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Suncorp Bank Reviews

Overall Rating

   4.1

(76 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Teachers Mutual Bank Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Ubank Home Loan Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Unloan Home Loan Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Westpac Bank Reviews

Overall Rating

   4.1

(283 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106
Yard Home Loan Reviews

Overall Rating

   4.1

(0 Reviews)
  • 5
    1422
  • 4
    542
  • 3
    290
  • 2
    145
  • 1
    106

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