By Jack Dona · · 3 min read
Fact Checked
Advertiser disclosure
Key Points
- The next cash rate decision is on 24 September 2024.
- Interest rates will decrease when inflation reaches the 2% to 3% RBA target band, predicted for late 2024 or early 2025.
- Home loan interest rates have already started to drop, including some Big Four rates.
The Reserve Bank of Australia (RBA) maintains that its number one enemy is inflation. If inflation stays high, so will home loan interest rates.
But with many households on the edge of mortgage stress, more rate rises in 2024 are the last thing Australians want. So instead, let’s think long-term, optimistically.
When will interest rates finally come down?
Will home loan interest rates go down in 2024?
On 6 August 2024, after announcing yet another cash rate hold, Governor Michele Bullock told the press that the RBA doesn’t expect to make any cuts in 2024.
“I think what the Board’s feeling is that the market path at the moment is pricing in interest rate reductions by the end of this year.
“I think the Board’s feeling is that the near term, by the end of the year and the next six months, given what the Board knows at the moment and given what the forecasts are that that doesn’t align with their thinking about interest rate reductions at the moment,” said Bullock.
Unfortunately, this means mortgage rates will stay at atmospheric heights until we finally hit the RBA’s inflation goal, which is a flexible target of 2-3% per year.
Once we do, the central bank will steadily unwind the cash rate to get the economy moving again. Variable home loans will come down significantly and monthly mortgage repayments will ease, which could make servicing a mortgage easier for many Australians.
RBA cash rate cut forecasts from Westpac, NAB & CommBank (27 August 2024)
| Sep 24 | Dec 24 | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 | Dec 26 | |
| Westpac | 4.35% | 4.35% | 4.10% | 3.85% | 3.60% | 3.35% | 3.35% | 3.35% | 3.35% | 3.35% |
| NAB | 4.35% | 4.35% | 4.35% | 4.10% | 3.85% | 3.60% | 3.35% | 3.10% | 3.10% | 3.10% |
| CommBank | 4.35% | 4.10% | 3.85% | 3.60% | 3.35% | 3.10% | N/A | N/A | N/A | N/A |
Economists at ANZ predict the RBA’s first cut will come in February 2025.
ANZ, NAB & Westpac rule out interest rate cuts in 2024 – new prediction for early 2025
For a while, ANZ was the only one of the Big Four banks predicting the RBA would hold the cash rate at 4.35% until the end of 2024. Now that NAB and Westpac have revised their forecasts to early 2025, CBA is the only hold-out still believing there could be a cut in November-December 2024.
Is the proof in the fixed-rate pudding?
Now that home loan lenders have sensed a lull in the rate-hike cycle, many have started cutting their fixed and variable rates – including some of the Big Four.
Mozo banking and rates expert, Peter Marshall, says these fixed-rate cuts could indicate the conviction the Big Four have in their interest rate predictions.
"Fixed rates are shaped by lenders’ forecasts of where interest rates are headed,” he said.
“Since these rates stay the same for the fixed rate term, and banks aim to balance the returns from loans with the cost of deposits, there’s a chance fixed rates will be higher than variable when the cash rate drops.
“Choosing a fixed rate today could be tempting, but borrowers should also consider the likelihood of upcoming rate cuts by the RBA before making their decision."
The Big Four home loans that have moved in recent weeks include NAB’s Tailored Home Loan (Fixed), Westpac’s Fixed Options Home Loan, and CBA’s Fixed Rate Home Loan (Wealth Package), variable rate Extra Home Loan, and Standard Variable Rate.
But fixed-rate cuts aren’t only coming from the Big Four. There have been a whole host of banks and home loan lenders cutting interest rates this month, including Newcastle Permanent, Great Southern Bank, Macquarie, MOVE Bank, and ME.
How can homeowners save mortgage costs?
While interest rates stay up, mortgage repayments will, too. If you’re struggling with the loan you already have, making lifestyle changes, calling your lender, and investigatingwhether to refinancecan all be good options for handling mortgage pain. The best path for you will depend on your situation.
However, if you’re hoping to buy a home despite the inflationary environment, consider thesethree ways to break into the property market– all while checking your application for theselending red flags.
Comparelow-interest rate home loansbelow.
Mozo may receive payment if you click the products below. We don’t compare the entire market, but you can compare more home loans here.
Last updated 14 September 2024Important disclosures and comparison rate warning*
Advertiser disclosure
This table shows a range of products, and we may receive payment if you use the links provided. It does not show all providers or all products from the providers. Mozo is paid a fee by the product issuer if you use a link on our site to go to their site from ours, make an inquiry, or you take out a product with them. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo. You do not pay any extra for using our service.
We also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not. While we pride ourselves on covering a wide range of products, we don't cover every product in the market.
Products are initially shown with ‘Promoted’ products at the top that we have chosen to advertise more prominently. The table beneath lists products that meet the information in the filter, sorted according to estimated repayments for loans, and interest rates for deposits. You can change the filter settings to see other products.
We provide only general advice
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the Product Disclosure Statement (PDS) or offer documentation, or seeking independent advice. It is also advised to review Target Market Determination(TMD) of products that you are considering. The TMD can be found on the provider's website.
Comparison rate warning
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.
How Initial Monthly Repayments figures are estimated
Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circ*mstances and interest rate changes.
Home loan comparisons on Mozo
Promoted
Mozo experts choice awards won:
- Low Cost Home Loan - 2024
Find out more about Mozo’s Home Loans Awards.
Unloan Variable
- Owner Occupier
- LVR <80%
Go to site- Interest rate
- 5.99%p.a.
Variable
- Comparison rate
- 5.90%p.a.
- Initial monthly repayment
- $2,995
Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.
- Interest rate
- 5.99%p.a.
Variable
- Comparison rate
- 5.90%p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- Minimum borrowing amount
- $10,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Unloan Unloan Variable
Go to site
Neat Home Loan
- Owner Occupier
- Principal & Interest
- LVR <60%
Go to site- Interest rate
- 6.09%p.a.
Variable
- Comparison rate
- 6.11%p.a.
- Initial monthly repayment
- $3,027
Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.
- Interest rate
- 6.09%p.a.
Variable
- Comparison rate
- 6.11%p.a.
- Upfront fees
- $250
- Ongoing fees
- $0.00
- Discharge fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- $80,000
- Maximum borrowing amount
- $5,000,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this ubank Neat Home Loan
Go to site
- See Also£250,000 Mortgages and what are the monthly payments?$250,000 Mortgage Repayments Calculator - Mortgage Choice
Mozo experts choice awards won:
- Exceptional Value Home Lender - 2024
Find out more about Mozo’s Home Loans Awards.
Fixed Express Home Loan
- Owner Occupier
- Principal & Interest
Go to site- Interest rate
- 5.99%p.a.
Fixed 2 years
- Comparison rate
- 6.14%p.a.
- Initial monthly repayment
- $2,995
Lock in a low 2 year fixed rate with the Mozo award winning Home Lender of the Year. Available for live-in borrowers with just a 10% deposit required. Free extra repayments (up to 20% in fixed period), free redraw and partial offset available. $10 monthly service fee. Aussie support centre. Fast approvals. Up to 6 free offset accounts (T&Cs apply).
- Interest rate
- 5.99%p.a.
Fixed 2 years
- Comparison rate
- 6.14%p.a.
- Upfront fees
- $134
- Ongoing fees
- $10.00 monthly
- Discharge fee
- $350.00
- Extra repayments
- yes - up to 20% during the fixed period
- Redraw facility
- yes - free
- Offset account
- yes - partial only
- Maximum loan to value ratio
- 90.00%
- Minimum borrowing amount
- $5,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Bendigo Bank Fixed Express Home Loan
Go to site
3 Year Special Fixed Home Loan
- Owner Occupier
- Principal & Interest
Go to site- Interest rate
- 5.69%p.a.
Fixed 3 years
- Comparison rate
- 6.16%p.a.
- Initial monthly repayment
- $2,899
This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.
- Interest rate
- 5.69%p.a.
Fixed 3 years
- Comparison rate
- 6.16%p.a.
- Upfront fees
- $530
- Ongoing fees
- $0.00
- Discharge fee
- $0.00
- Extra repayments
- yes - free up to $10,000 p.a.
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 90.00%
- Minimum borrowing amount
- $50,000
- Maximum borrowing amount
- $1,000,000
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this loans.com.au 3 Year Special Fixed Home Loan
Go to site
3 Year Fixed Rate Home Loan Special Offer
- Owner Occupier
- Principal & Interest
- LVR <80%
Go to site- Interest rate
- 5.49%p.a.
Fixed 3 years
- Comparison rate
- 6.97%p.a.
- Initial monthly repayment
- $2,836
Get repayment certainty with Police Credit Union’s 3 Year Fixed Rate Home Loan Special Offer. No annual or monthly fees to pay. Make additional repayments up to $20,000 per year. Available for first home buyers and refinancers. Member owned, but applications open to all Australians.
- Interest rate
- 5.49%p.a.
Fixed 3 years
- Comparison rate
- 6.97%p.a.
- Upfront fees
- $562
- Ongoing fees
- $0.00
- Discharge fee
- $150.00
- Extra repayments
- yes - up to $20,000 p.a.
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- Minimum borrowing amount
- $250,000
- Maximum borrowing amount
- -
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Police Credit Union 3 Year Fixed Rate Home Loan Special Offer
Go to site
Basic Home Loan
- Fixed
- Owner Occupier
- Principal & Interest
- LVR<70%
Go to site- Interest rate
- 5.59%p.a.
Fixed 3 years
- Comparison rate
- 6.01%p.a.
- Initial monthly repayment
- $2,867
No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $10,000,000.
- Interest rate
- 5.59%p.a.
Fixed 3 years
- Comparison rate
- 6.01%p.a.
- Upfront fees
- $350
- Ongoing fees
- $0.00
- Discharge fee
- $400.00
- Extra repayments
- yes - up to $10,000 p.a.
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 70.00%
- Minimum borrowing amount
- $150,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Macquarie Basic Home Loan
Go to site
Offset Home Loan
- Fixed
- Owner Occupier
- Principal & Interest
- LVR <70%
Go to site- Interest rate
- 5.59%p.a.
Fixed 3 years
- Comparison rate
- 6.24%p.a.
- Initial monthly repayment
- $2,867
Convenient offset account. No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $10,000,000.
- Interest rate
- 5.59%p.a.
Fixed 3 years
- Comparison rate
- 6.24%p.a.
- Upfront fees
- $350
- Ongoing fees
- $248.00 yearly
- Discharge fee
- $400.00
- Extra repayments
- yes - up to $10,000 p.a.
- Redraw facility
- yes - free
- Offset account
- yes
- Maximum loan to value ratio
- 70.00%
- Minimum borrowing amount
- $150,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Macquarie Offset Home Loan
Go to site
3 Year Special Fixed Home Loan
- Owner Occupier
- Principal & Interest
Go to site- Interest rate
- 5.69%p.a.
Fixed 3 years
- Comparison rate
- 6.16%p.a.
- Initial monthly repayment
- $2,899
This home loan is available for purchase or refinance, complete with 1, 2 or 3 year fixed rate options. Minimum 10% deposit required.
- Interest rate
- 5.69%p.a.
Fixed 3 years
- Comparison rate
- 6.16%p.a.
- Upfront fees
- $530
- Ongoing fees
- $0.00
- Discharge fee
- $0.00
- Extra repayments
- yes - free up to $10,000 p.a.
- Redraw facility
- no
- Offset account
- no
- Maximum loan to value ratio
- 90.00%
- Minimum borrowing amount
- $50,000
- Maximum borrowing amount
- $1,000,000
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this loans.com.au 3 Year Special Fixed Home Loan
Go to site
Flex Home Loan
- Fixed
- Owner Occupier
- Principal & Interest
- LVR <60%
Go to site- Interest rate
- 5.79%p.a.
Fixed 5 years
- Comparison rate
- 6.20%p.a.
- Initial monthly repayment
- $2,931
Competitive Fixed rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process. 40% deposit required.
- Interest rate
- 5.79%p.a.
Fixed 5 years
- Comparison rate
- 6.20%p.a.
- Upfront fees
- $250
- Ongoing fees
- $250.00 yearly
- Discharge fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- yes
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- -
- Maximum borrowing amount
- -
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this ubank Flex Home Loan
Go to site
Mozo experts choice awards won:
- Low Cost Home Loan - 2024
Find out more about Mozo’s Home Loans Awards.
Unloan Variable
- Owner Occupier
- LVR <80%
Go to site- Interest rate
- 5.99%p.a.
Variable
- Comparison rate
- 5.90%p.a.
- Initial monthly repayment
- $2,995
Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.
- Interest rate
- 5.99%p.a.
Variable
- Comparison rate
- 5.90%p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- Minimum borrowing amount
- $10,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Unloan Unloan Variable
Go to site
Mozo experts choice awards won:
- Low Cost Home Loan - 2024
Find out more about Mozo’s Home Loans Awards.
Simple Home Loan Variable
- Owner-Occupied
- Principal and Interest
- LVR<60%
Go to site- Interest rate
- 5.99%p.a.
Variable
- Comparison rate
- 5.99%p.a.
- Initial monthly repayment
- $2,995
Enjoy a low variable rate with no application, ongoing or monthly fees to pay. Access your money via internet banking at any time with free redraws. Make additional repayments at any time. Available for owner occupied, investment and interest only repayments.
- Interest rate
- 5.99%p.a.
Variable
- Comparison rate
- 5.99%p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge fee
- $175.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- $150,000
- Maximum borrowing amount
- $3,500,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this First Option Bank Simple Home Loan Variable
Go to site
Mozo experts choice awards won:
- Exceptional Value Home Lender - 2024
Find out more about Mozo’s Home Loans Awards.
Fixed Express Home Loan
- Owner Occupier
- Principal & Interest
Go to site- Interest rate
- 5.99%p.a.
Fixed 2 years
- Comparison rate
- 6.14%p.a.
- Initial monthly repayment
- $2,995
Lock in a low 2 year fixed rate with the Mozo award winning Home Lender of the Year. Available for live-in borrowers with just a 10% deposit required. Free extra repayments (up to 20% in fixed period), free redraw and partial offset available. $10 monthly service fee. Aussie support centre. Fast approvals. Up to 6 free offset accounts (T&Cs apply).
- Interest rate
- 5.99%p.a.
Fixed 2 years
- Comparison rate
- 6.14%p.a.
- Upfront fees
- $134
- Ongoing fees
- $10.00 monthly
- Discharge fee
- $350.00
- Extra repayments
- yes - up to 20% during the fixed period
- Redraw facility
- yes - free
- Offset account
- yes - partial only
- Maximum loan to value ratio
- 90.00%
- Minimum borrowing amount
- $5,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Bendigo Bank Fixed Express Home Loan
Go to site
Neat Home Loan
- Owner Occupier
- Principal & Interest
- LVR <60%
Go to site- Interest rate
- 6.09%p.a.
Variable
- Comparison rate
- 6.11%p.a.
- Initial monthly repayment
- $3,027
Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.
- Interest rate
- 6.09%p.a.
Variable
- Comparison rate
- 6.11%p.a.
- Upfront fees
- $250
- Ongoing fees
- $0.00
- Discharge fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- $80,000
- Maximum borrowing amount
- $5,000,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this ubank Neat Home Loan
Go to site
Flex Home Loan
- Owner Occupier
- Principal & Interest
- LVR <60%
Go to site- Interest rate
- 6.09%p.a.
Variable
- Comparison rate
- 6.33%p.a.
- Initial monthly repayment
- $3,027
Competitive variable rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process. 40% deposit required.
- Interest rate
- 6.09%p.a.
Variable
- Comparison rate
- 6.33%p.a.
- Upfront fees
- $250
- Ongoing fees
- $250.00 yearly
- Discharge fee
- $300.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- yes
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- -
- Maximum borrowing amount
- -
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- -
Read our Mozo Review to learn more about this ubank Flex Home Loan
Go to site
Basic Home Loan
- Owner Occupier
- LVR<60%
- Principal & Interest
Go to site- Interest rate
- 6.14%p.a.
Variable
- Comparison rate
- 6.16%p.a.
- Initial monthly repayment
- $3,043
Enjoy a low rate home loan with $0 application fee and $0 ongoing fees. Flexibility to split your loan and set different repayment types. Fee free redraw from your loan using online banking. Flexible ways to repay. 40% Deposit required.
- Interest rate
- 6.14%p.a.
Variable
- Comparison rate
- 6.16%p.a.
- Upfront fees
- $350
- Ongoing fees
- $0.00
- Discharge fee
- $400.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- $150,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Macquarie Basic Home Loan
Go to site
Offset Home Loan
- Owner Occupier
- LVR<60%
- Principal & Interest
Go to site- Interest rate
- 6.14%p.a.
Variable
- Comparison rate
- 6.39%p.a.
- Initial monthly repayment
- $3,043
Ability to open up to 10 offset accounts per loan account. Fast online application. Linked Debit Mastercard® with fee-free access at ATMs across Australia. Package a credit card with your home loan and the annual card fee will be waived (T&Cs apply). 40% deposit required.
- Interest rate
- 6.14%p.a.
Variable
- Comparison rate
- 6.39%p.a.
- Upfront fees
- $350
- Ongoing fees
- $248.00 yearly
- Discharge fee
- $400.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- yes
- Maximum loan to value ratio
- 60.00%
- Minimum borrowing amount
- $150,000
- Maximum borrowing amount
- $10,000,000
- Type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly
- Special offers
- -
Read our Mozo Review to learn more about this Macquarie Offset Home Loan
Go to site
Fixed Rate
- Owner Occupier
- Principal & Interest
- <80% LVR
- Interest rate
- 6.54%p.a.
Fixed 2 years
- Comparison rate
- 7.10%p.a.
- Initial monthly repayment
- $3,174
Enjoy up to $3000 cashback for eligible first home buyers and $2000 cashback for refinancers on eligible home loans with the ANZ Fixed Rate Home Loan. Get the security of repayment certainty with a competitive locked in rate. No ongoing fees to pay. Offset account on 1-year fixed loans ($10/month fee applies). Interest-only payments allowed.
- Interest rate
- 6.54%p.a.
Fixed 2 years
- Comparison rate
- 7.10%p.a.
- Upfront fees
- $160
- Ongoing fees
- $0.00
- Discharge fee
- $160.00
- Extra repayments
- yes - free up to to lesser of 5% of original fixed loan amount, or $5,000 each year
- Redraw facility
- no
- Offset account
- Optional - $10 per month - 1 year fixed term only
- Maximum loan to value ratio
- 80.00%
- Minimum borrowing amount
- $20,000
- Maximum borrowing amount
- -
- Type of mortgage
- Fixed
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special offers
- $3,000 cashback for eligible First Home Buyers borrowing $250k+, $2,000 cashback when you refinance loans of $250k+, <80% LVR, settle within 180 days for first home buyers, 120 days for refinances. Excludes refinances from ANZ, ANZ Plus and Suncorp.
Read our Mozo Review to learn more about this ANZ Fixed Rate
Interested in an ANZ home loan? Lendi specialists can help you refinance your home loan.
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Talk to one of their experienced home loan specialists by answering a few questions online.
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Want to speak to someone about refinancing?
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What you'll get:
- Advice from a fully accredited home loan expert
- Help matching your needs with 25+ lenders
- Someone to negotiate rates with lenders on your behalf
- Guidance - every step of the way
Give Lendi a few details and start a conversation
Want to speak to someone about refinancing?
Our partner Lendi can help with that. All they need is a few details to get started.
Want to speak to someone about refinancing?
If you've not found the right product here then we can put you in touch with Lendi.
What you'll get:
- Advice from a fully accredited home loan expert
- Help matching your needs with 25+ lenders
- Someone to negotiate rates with lenders on your behalf
- Guidance - every step of the way
Give Lendi a few details and start a conversation
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*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.
**Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circ*mstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
