Variable Rate Home Loans
Get one of the lowest home loan rates on the market.
Multi-award winning
Variable Home Loan
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Discounted home loan rate*** -
Offset sub-account available for +0.10%^
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No monthly or ongoing fees
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Fee free redraw on any additional repayments
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Pay your bills via BPAY
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Access your account via Smart Money app
Getting a variable rate means you can make extra repayments on top of your scheduled instalments with no penalty.
As a loans.com.au customer, you'll have the option to add an offset sub-account to your variable rate home loan, which means you could potentially pay off your loan faster and with less interest.
Our home loans
| Home Loan | Interest Rate | Comparison Rate | Monthly Repayment | Product Features | Details |
|---|---|---|---|---|---|
Variable Home LoanOwner Occupied • Principal & Interest • Up to 90% LVRMost Popular
|
6.04% p.a. | 6.08% p.a. | $3,011 |
|
Do I Qualify? |
Green Home LoanOwner Occupied • Principal & Interest • Up to 90% LVR |
5.99% p.a. | 6.44% p.a. | $2,995 |
|
Do I Qualify? |
Solar Home LoanOwner Occupied • Principal & Interest • Up to 90% LVR |
5.99% p.a. | 6.44% p.a. | $2,995 |
|
Do I Qualify? |
Variable rates for all borrowers
We offer low variable home loan rates for all types of borrowers.
Whether you are looking to buy your own home, refinance your investment property loan, or are even looking to build an energy efficient ‘green’ home, we have low variable rates to suit.
Why choose a variable rate home loan?
Offset available for 0.10%^
Add an offset sub-account with Visa debit card access to your variable rate loan to help you to pay it off faster and with less interest.
Zero monthly or ongoing fees
Save thousands over the life of your variable rate home loan with access to award winning low rates with no hidden fess or charges.
Unlimited free redraws
Benefit from our variable rate home loan by making extra repayments on your loan with unlimited redraws at no extra cost. It's that easy.
Quick and easy process
Apply online or chat to one of our Australian based home lending specialists, for a quick decision and easy application.
A variable home loan that saves you more.
Here’s your new offer
Owner Occupier Rates
Principal & interest
Variable Home Loan
Interest Rate:
6.04% p.a.***
Comparison Rate:
6.08% p.a.*
Max LVR:
90%
Interest only
Variable Home Loan
Interest Rate:
6.54% p.a.***
Comparison Rate:
6.41% p.a.*
Max LVR:
80%
Investor Rates
Principal & interest
Variable Investor Home Loan
Interest Rate:
6.34% p.a.+
Comparison Rate:
6.38% p.a.*
Max LVR:
90%
Interest only
Variable Investor Home Loan
Interest Rate:
6.74% p.a.+
Comparison Rate:
6.66% p.a.*
Max LVR:
90%
Key Features
Up to 30 years loan term
Available for refinance or purchase
Unlimited additional repayments
Repayments
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$3,011 per month#
The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.04% p.a. paying principal and interest.
Fees
Application fee
$0
Ongoing fees
$0
Security assessment fee
$230
Government fees
At cost
Settlement fee
$300
P&I
Variable Home Loan
Interest Rate:
Comp Rate:
Max LVR:
6.04% p.a.***
6.08% p.a.*
90%
IO
Variable Home Loan
Interest Rate:
Comp Rate:
Max LVR:
6.54% p.a.***
6.41% p.a.*
80%
P&I
Variable Investor Home Loan
Interest Rate:
Comp Rate:
Max LVR:
6.34% p.a.+
6.38% p.a.*
90%
IO
Variable Investor Home Loan
Interest Rate:
Comp Rate:
Max LVR:
6.74% p.a.+
6.66% p.a.*
90%
Up to 30 years loan term
Available for refinance or purchase
Unlimited additional repayments
Frequency
Weekly, monthly or fortnightly
Estimated repayments
$3,011 per month#
The monthly repayment estimate is based on a $500,000 loan over 30 years at 6.04% p.a. paying principal and interest.
Application fee
$0
Ongoing fees
$0
Security assessment fee
$230
Government fees
At cost
Settlement fee
b$300
As seen on...
"We found that loans.com.au still had a very competitive rate and we were happy with the service"
Laura
Home loan customers
Meet the team who’ll start saving you thousands
We have a friendly team of Australian-based lending experts here to help you from application to settlement, so you can get a better loan and start savings thousands.
Our home loan application process
Application
Simply fill out your home loan application online by entering some of your details, or chat to one of our friendly lending specialists over the phone and they can complete your application for you.
onTrack
After your application is complete, use our system we call onTrack on your desktop or device to add your documentation such as payslips and bank statements, and track the progress of your application.
Speak to specialist
You will then have an appointment with one of our lending specialists to organise your preliminary approval of your loan, and help you progress through the home loan approval process through to settlement as quickly as possible.
Signing document
Check onTrack to received your final approval, mortgage documents and loan agreement. You must sign these and return them in to onTrack.
Settlement
Your loan will settle and you’ll start saving with your new loan rate, and get your keys to your new dream home!
Access your account
Once settlement is complete, we will send your login credentials to start managing your payments in the Smart Money app.
Frequently asked questions
What is a discount variable rate?
When looking to purchase your first property, one of the most important factors to consider will be what kind of home loan you decide to choose. Educating yourself on the different kinds of available home loans and their features will help to make the decision-making process a lot easier.
What is a variable rate home loan?
When it comes to getting a home loan, you’ll usually have two options to choose from: a fixed rate home loan or a variable rate home loan. Find out here which is best suitable for you.
How often do variable home loan rates change?
As the name implies, variable home loan rates vary, but how often can they actually change? Find out with loans.com.au
What can I do to customise my loan?
How do interest rates affect my home loan?
Benefits of home loans with unlimited additional repayments
Understanding home loan interest rates
Benefits of a split home loan
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