Owner Occupied
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What is a variable rate home loan?
A variable rate home loan means your interest rate may change and either reduce or increase based on market conditions. Getting a variable rate also means you can make extra repayments on top of your scheduled instalments with no penalty. By doing so on a regular basis, you could cut down the length of your mortgage, reducing the overall amount of interest you'll need to pay.
At loans.com.au, we give our customers the option to add an offset sub-account to their variable rate home loans meaning you can save on interest charged on your home loan, and potentially shave years off your home loan.
Get started
Apply for a variable rate home loan online today. Or, one of our friendly lending specialist can do the hard work for you and manage your paperwork over the phone.
Either way, we can settle your loan quickly so you can start saving thousands sooner.
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.
Our owner occupied variable rates
Product name
Principal & Interest rate p.a.
2.10%
2.46% comp rate*
Interest only rate p.a.
-
-
Product name
Principal & Interest rate p.a.
2.73%
2.75% comp rate*
Interest only rate p.a.
3.04%
3.06% comp rate*
Product name
Principal & Interest rate p.a.
2.98%
3.00% comp rate*
Interest only rate p.a.
-
-
Our investor variable rates
Product name
Principal & Interest rate p.a.
2.24%
2.96% comp rate*
Interest only rate p.a.
2.24%
2.96% comp rate*
Product name
Principal & Interest rate p.a.
2.99%
3.01% comp rate*
Interest only rate p.a.
3.24%
3.26% comp rate*
Find your next home loan
For 10 years, we've been helping Aussies into their dream homes and saving them thousands. Find the right loan for you today so you can start saving too.
Why choose a variable rate home loan?
Make extra repayments
If you opt for variable instead of a fixed rate loan, you have the flexibility to make extra repayments and get ahead on your mortgage repayments.
Save on interest with an offset sub-account
You’ll also have the option to add an offset sub-account to your loan. For every dollar that’s in your offset sub-account instead of your home loan account, you won’t be charged interest on that amount, saving you money in the process.
Option to redraw funds
With variable rate home loans, you also have the option to redraw funds at your convenience, with some loans allowing for unlimited redraws.
Option to split with a fixed rate
If you’re not sure whether you want a variable rate home loan or a fixed home loan, why not have both? Get a split home loan, where a portion of your loan will be fixed and a portion will be variable, giving you the best of both worlds.
Borrow up to 90% LVR
Borrowers with a larger deposit will be rewarded with lower rates, but we can help with up to 90% LVR, or a deposit of 10% of the property’s value.
Make extra repayments
If you opt for variable instead of a fixed rate loan, you have the flexibility to make extra repayments and get ahead on your mortgage repayments.
Save on interest with an offset sub-account
You’ll also have the option to add an offset sub-account to your loan. For every dollar that’s in your offset sub-account instead of your home loan account, you won’t be charged interest on that amount, saving you money in the process.
Option to redraw funds
With variable rate home loans, you also have the option to redraw funds at your convenience, with some loans allowing for unlimited redraws.
Option to split with a fixed rate
If you’re not sure whether you want a variable rate home loan or a fixed home loan, why not have both? Get a split home loan, where a portion of your loan will be fixed and a portion will be variable, giving you the best of both worlds.
Borrow up to 90% LVR
Borrowers with a larger deposit will be rewarded with lower rates, but we can help with up to 90% LVR, or a deposit of 10% of the property’s value.
Read some of our real good feedback.
Our Google Rating
“ The entire team were all very patient as it took a long time for us to find a property
Extremely happy with these guys. I checked them out initially for their low rates but was most pleased with the various team members who helped arrange my loans, especially Ray the lending manager - absolute legend and he deserves a raise - such a great guy who sorted us out all along the way and explained everything very clearly. The entire team were all very patient as it took a long time for us to find a property, including a few false starts at auction. No wait times on the phone with them either. 100% recommended, especially after my experience of being with a major lender for a long time and paying above market interest rates for my loyalty.„
Lawrence I.
April 28, 2022
“ Friendly and efficient service
Seamless experience. Friendly and efficient service.„
Garth W.
April 25, 2022
Frequently Asked Questions
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.
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.
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 13 10 90, 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.
Our Process
At loans.com.au, we make applying for a low rate variable home loan simple. Here’s how.
Apply online
Apply online
Fill out our application online for one of our variable rate home loans or talk to one of our Australian-based lending specialists to do the hard work for you.
Goodbye paperwork
Goodbye paperwork
Login to onTrack and upload documents at the click of a button. Receive your documents from us and track your application from approval to settlement.
Settle and save
Settle and save
We’ll do all the hard work to get your home loan settled, so you can get a low rate and start saving sooner.
We’ve listed the pros and cons of variable vs fixed to help you find the product suited to your needs.
As the name implies, variable home loan rates vary, but how often can they actually change? Find out with loans.com.au
Splitting your home loan lets you reap the benefits of a variable rate where you can make additional repayments and get access to your offset sub-account.
As interest rate has a big impact on your mortgage repayments, it’s crucial to understand the different types of interest rates & how they work.
Splitting your home loan lets you reap the benefits of a variable rate where you can make additional repayments and get access to your offset sub-account.
If you've been thinking of refinancing your home loan, but don't know where to start, here's a step-by-step guide to help you.
An offset sub-account is a great feature for borrowers and can help you save time and money off your mortgage. Find out if an offset sub-account is right for you.