Stay flexible with our variable rate home loan
Enjoy competitive rates and unlimited extra repayments
Multi-award winning
Variable Home Loan
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Borrow up to 90% LVR at a discounted rate*** -
Offset sub-account available for only +0.10%^
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No transaction fees for redraws
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No monthly or ongoing fees
Our variable rate home loan is our most flexible loan. Chat through the process with our Australian-based home lending specialists who’ll provide you with personal support when you need it.
You’ll benefit from our transparent pricing, unlimited redraws with same-day access, the flexibility of an offset sub-account which can potentially speed up your repayments, and the ability to make extra repayments without any fees.
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
|
5.54% p.a. | 5.58% p.a. | $2,852 |
|
Do I Qualify? |
Green Home LoanOwner Occupied • Principal & Interest • Up to 90% LVR |
5.49% p.a. | 5.95% p.a. | $2,836 |
|
Do I Qualify? |
Solar Home LoanOwner Occupied • Principal & Interest • Up to 90% LVR |
5.49% p.a. | 5.95% p.a. | $2,836 |
|
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
Enjoy a variable rate home loan with no hidden fees 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
Repayment Type
Maximum LVR of 90%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Home Loan | 5.54% p.a.*** | 5.58% p.a.* |
| Variable Investor Home Loan | 5.84% p.a.+ | 5.88% p.a.* |
Maximum LVR of 80%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Home Loan | 6.04% p.a.*** | 5.91% p.a.* |
Maximum LVR of 90%
| Product | Interest rate from | Comparison rate |
|---|---|---|
| Variable Investor Home Loan | 6.24% p.a.+ | 6.16% p.a.* |
| Up to 30 years loan term | Yes |
|---|---|
| Available for refinance or purchase | Yes |
| Unlimited additional repayments | Yes |
|
Yes |
| Application fee | $0 |
|---|---|
| Ongoing fees | $0 |
| Security assessment fee | $230 |
| Government fees | At cost |
| Settlement fee | $300 |
As seen on...
Real-life customer stories
Sharon
Meet the team behind Australia's Home of Loans
We have been making it easier for Aussies to access great value home and car loans with our award-winning rates, fast approval and seamless digital experience.
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 enjoy your new loan rate.
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
Understanding home loan interest rates
Interest rates play a significant role when you take out a loan as they affect your repayment amount and the total of your mortgage. It’s important to understand what it is and how it affects your home loan overall.
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.
Benefits of a split home loan
What can I do to customise my loan?
How do interest rates affect my home loan?
How often do variable home loan rates change?
Benefits of home loans with unlimited additional repayments
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