Kickoff Your Loan Refinance
Get one of the lowest home loan rates on the market.
Our home loans
| Home Loan | Interest Rate | Comparison Rate | Monthly Repayment | Product Features | Details |
|---|---|---|---|---|---|
Variable Bare Home Loan |
5.94% p.a. | 5.98% p.a. | $2,978 |
|
Do I Qualify? |
Solar Home Loan |
5.24% p.a. | 5.70% p.a. | $2,758 |
|
Do I Qualify? |
ZIP Home Loan |
6.44% p.a. | 6.48% p.a. | $3,141 |
|
Do I Qualify? |
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.
Variable rates
Our owner occupied variable rates
Owner Occupier
Principal & Interest
Home Loan
Initial rate p.a
Comp rate p.a.*
Home Loan
Variable rate p.a
Comp rate p.a.*
Our investor variable rates
Investor
Principal & Interest
Investor
Home Loan
Initial rate p.a
Comp rate p.a.*
Interest Only
Investor
Home Loan
Variable rate p.a
Comp rate p.a.*
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.
Want to see more home loan options? Compare our home loans
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.
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. And, if your lender reduces their rates across the board, you will benefit from a rate reduction.
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.
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.
An offset sub-account is linked to your home loan and helps reduce the interest you pay. Instead of earning interest like a regular savings account, the balance in your offset reduces the portion of your loan that accrues interest. This can help you pay off your loan faster and save on interest costs.
Key things to know:
- It's a sub-account of your loan, not a separate deposit account.
- Funds in the offset sub-account are not covered by the government deposit guarantee.
- The offset cannot exceed your home loan balance.
If you have any questions, our friendly team is here to help!
As an online lender, we operate without the overheads of a physical branch network or broker commissions. Our digital processes and innovative technology help us keep costs down. This allows us to pass those savings directly on to you through competitive home and car loan rates.
Our home loan application process
Apply online
Simply fill out your 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.
Goodbye paperwork
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.
Settle
Your loan will settle, and you’ll enjoy your new loan rate.
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?
Taking some time to review your loan, and customise it where possible, can make it easier to handle the debt and potentially save you money. Check out some of our top picks on how to customise your mortgage.
What can I do to customise my loan?
The RBA has cut the cash rate four times this year, easing pressure for homebuyers and homeowners. Lower rates may reduce mortgage repayments and overall loan costs. Learn how recent rate cuts could impact your current home loan and what they mean for your financial future.
Understanding home loan interest rates
What is a discount variable rate?
What is a variable rate home loan?
