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Owner Occupied

3.60% discount variable p.a.*
3.96% comparison rate p.a.*

Estimated Repayment# $1,591.26 / month

Refine repayment

$

years

We're awarded

Rate City 2021 Gold Award Variable Home Loan 2021 Mozo Experts Choice Low Cost Home Loan Award

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.

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Talk to a home loan expert

Book a time that suits you to chat with a lending specialist to take care of the paperwork for you.

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Ready to apply?

Call us on 13 10 90, or simply start your home loan application application online.

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.

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Variable rates

Our owner occupied variable rates

Product Name

LVR

Principal & Interest Rate p.a.

Interest Only Rate p.a.

Up to 80%

3.60%
3.96% comp rate*

-

Up to 80%

4.23%
4.25% comp rate*

4.54%
4.56% comp rate*

Up to 80%

4.48%
4.50% comp rate*

-

Owner Occupier
Principal & Interest

80% MAX LVR
Smart
Booster
3.60%
3.96%

Var rate p.a

Comp rate p.a

Smart
Home Loans
4.23%
4.25%

Var rate p.a

Comp rate p.a

Zip
Home Loan
4.48%
4.50%

Var rate p.a

Comp rate p.a

Interest Only

80% MAX LVR
Smart
Home Loan
4.54%
4.56%

Var rate p.a

Comp rate p.a

Our investor variable rates

Product Name

LVR

Principal & Interest Rate p.a.

Interest Only Rate p.a.

Up to 80%

3.74%
4.46% comp rate*

3.74%
4.46% comp rate*

Up to 80%

4.49%
4.51% comp rate*

4.74%
4.76% comp rate*

Investor
Principal & Interest

80% MAX LVR
Smart
Booster
Investor
Bundle
3.74%
4.46%

Var rate p.a

Comp rate p.a

Smart
Investor
4.49%
4.51%

Var rate p.a

Comp rate p.a

Interest Only

80% MAX LVR
Smart
Booster
Investor
Bundle
3.74%
4.46%

Var rate p.a

Comp rate p.a

Smart
Investor
4.74%
4.76%

Var 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.

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.

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.

With variable rate home loans, you also have the option to redraw funds at your convenience, with some loans allowing for unlimited redraws.

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.

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

4.7

| 392 reviews

Kristy D.

July 26, 2022

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July 06, 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

loans.com.au makes it easy to finance your home or investment property, so you can start saving thousands sooner. Here’s how:

Apply Online Apply Online

Application

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.

What you do

Complete a quick pre-qualification online to see if you qualify or book an appointment at a time that suits you to speak with a home loan specialist.

What we do

Contact you at a time that works for you to discuss the information you provided or 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.

What you do

Log into onTrack
Upload supporting documents

What we do

Verify your information

Settlement

Your loan will settle and you'll start saving with your new low rate, and get your keys to your new dream home!

What you do

Get the keys to your new home
Start saving!

What we do

Once settlement is complete, we'll send you login credentials to Smart Money

Apply Online

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