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***
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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 |
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Available for refinance or purchase | Yes |
Unlimited additional repayments | Yes |
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Yes |
Application fee | $0 |
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Ongoing fees | $0 |
Security assessment fee | $230 |
Government fees | At cost |
Settlement fee | $300 |
As seen on...
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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.
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.
onTrack
Fast track your loan with onTrack
- Gain 24/7 control of your application
- Get alerts straight to your phone
- Easy to download mobile app
Access at your fingertip
You now have access and complete clarity of your loan application on-the-go with onTrack mobile.
The easy to use mobile app will keep you up-to-date with the progress of your loan anytime, anywhere with alerts straight to your phone. It's now even easier to get your loan approved and settled fast, no matter where you are.
Frequently asked questions
A variable rate mortgage offers much more flexibility in comparison to a fixed rate loan. Variable rate mortgages have a full redraw facility, allowing you to make unlimited additional repayments and withdraw them at any time. You can also opt to add an offset sub-account to your variable loan to maximise on your interest savings. And, if your lender reduces their rates across the board, you will benefit from a rate reduction.
Related content
If home loan interest rates change, your variable may or may not change depending on the type of interest rate change and how this affects your lender. Your interest rate can increase or decrease with market fluctuations, which may occur due to a number of different reasons, for example a change in the RBA cash rate, or a change in your lender’s funding costs.
Related content
Yes, you can change your home loan from a variable rate to a fixed rate, by simply reaching out to our Customer Care Team via phone on 1300 593 396, email customercare@loans.com.au, or by messaging us through Smart Money.
A discounted variable rate mortgage is a type of home loan that offers a discounted rate for a period of time, usually 12 or 24 months. After this discounted period expires, your interest rate will revert to a standard variable interest rate.
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.
How often do variable home loan rates change?
Benefits of a split home loan
What can I do to customise my loan?
How do interest rates affect my home loan?
Benefits of home loans with unlimited additional repayments
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