📉
Lowest Variable Rate
All variable rate home loans ranked by comparison rate
📉
Lowest Variable Rate
#1
#1
🏘️
Essential Worker Home Loan - Owner Occupier
Unity Bank
5.85%
5.80% adv
Details
🏘️
Essential Worker Home Loan - Owner Occupier
Unity Bank
5.85%5.80% adv
+
Rate Details
Advertised rate5.80%
Comparison rate5.85%
Loan typeVariable
RepaymentP&I
Fees
Application fee$200
Monthly feeNone
Discharge fee$300
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
#2
#2
🏦
Virgin Money Lite Home Loan
Virgin Money
5.86%
5.84% adv
Details
🏦
Virgin Money Lite Home Loan
Virgin Money
5.86%5.84% adv
+
Rate Details
Advertised rate5.84%
Comparison rate5.86%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 100%
#3
#3
🏦
Virgin Money Lite Home Loan
Virgin Money
5.86%
5.84% adv
Details
🏦
Virgin Money Lite Home Loan
Virgin Money
5.86%5.84% adv
+
Rate Details
Advertised rate5.84%
Comparison rate5.86%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 100%
#4
#4
🏦
Virgin Money Lite Home Loan
Virgin Money
5.86%
5.84% adv
Details
🏦
Virgin Money Lite Home Loan
Virgin Money
5.86%5.84% adv
+
Rate Details
Advertised rate5.84%
Comparison rate5.86%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 100%
#5
#5
🏢
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac
5.86%
6.68% adv
Details
🏢
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac
5.86%6.68% adv
+
Rate Details
Advertised rate6.68%
Comparison rate5.86%
Loan typeVariable
RepaymentIO
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
✅Offset account
✅Redraw facility
✅Extra repayments
✅Portable
✅Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#6
#6
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.92%
5.89% adv
Details
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.92%5.89% adv
+
Rate Details
Advertised rate5.89%
Comparison rate5.92%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$395
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#7
#7
🏘️
QLD BOOST TO BUY
Unity Bank
5.93%
5.90% adv
Details
🏘️
QLD BOOST TO BUY
Unity Bank
5.93%5.90% adv
+
Rate Details
Advertised rate5.90%
Comparison rate5.93%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$300
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
🏡First home buyer eligible
#8
#8
🏘️
Vic Homebuyer Fund
Unity Bank
5.93%
5.90% adv
Details
🏘️
Vic Homebuyer Fund
Unity Bank
5.93%5.90% adv
+
Rate Details
Advertised rate5.90%
Comparison rate5.93%
Loan typeVariable
RepaymentP&I
Fees
Application fee$200
Monthly feeNone
Discharge fee$300
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
#9
#9
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.94%
6.14% adv
Details
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.94%6.14% adv
+
Rate Details
Advertised rate6.14%
Comparison rate5.94%
Loan typeVariable
RepaymentIO
Fees
Application feeFree
Monthly feeNone
Discharge fee$395
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#10
#10
🏘️
First Home Buyer Loan - Owner Occupied - SO
Unity Bank
5.95%
5.90% adv
Details
🏘️
First Home Buyer Loan - Owner Occupied - SO
Unity Bank
5.95%5.90% adv
+
Rate Details
Advertised rate5.90%
Comparison rate5.95%
Loan typeVariable
RepaymentP&I
Fees
Application fee$200
Monthly feeNone
Discharge fee$300
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
🏡First home buyer eligible
#11
#11
🏘️
Australian Government 5% Deposit Scheme
Unity Bank
5.95%
5.90% adv
Details
🏘️
Australian Government 5% Deposit Scheme
Unity Bank
5.95%5.90% adv
+
Rate Details
Advertised rate5.90%
Comparison rate5.95%
Loan typeVariable
RepaymentP&I
Fees
Application fee$200
Monthly feeNone
Discharge fee$300
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
🏡First home buyer eligible
#12
#12
⬆️
Up Home Loan
Up
5.95%
Details
⬆️
Up Home Loan
Up
5.95%
+
Rate Details
Advertised rate5.95%
Comparison rate5.95%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge feeFree
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
#13
#13
🏢
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac
5.96%
6.78% adv
Details
🏢
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac
5.96%6.78% adv
+
Rate Details
Advertised rate6.78%
Comparison rate5.96%
Loan typeVariable
RepaymentIO
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
✅Offset account
✅Redraw facility
✅Extra repayments
✅Portable
✅Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#14
#14
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.97%
5.94% adv
Details
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.97%5.94% adv
+
Rate Details
Advertised rate5.94%
Comparison rate5.97%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$395
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#15
#15
🏦
Real Deal Home Loan Principal and Interest
Newcastle Permanent
5.98%
5.94% adv
Details
🏦
Real Deal Home Loan Principal and Interest
Newcastle Permanent
5.98%5.94% adv
+
Rate Details
Advertised rate5.94%
Comparison rate5.98%
Loan typeVariable
RepaymentP&I
Fees
Application fee$595
Monthly feeNone
Discharge fee$250
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#16
#16
🚀
Everyday Home Loan
MOVE Bank
5.99%
Details
🚀
Everyday Home Loan
MOVE Bank
5.99%
+
Rate Details
Advertised rate5.99%
Loan typeVariable
RepaymentIO
Fees
Application feeFree
Monthly feeNone
Discharge feeFree
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
#17
#17
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.99%
6.19% adv
Details
🏦
Regional Australia Bank Home Loan (Non Offset)
Regional Australia Bank
5.99%6.19% adv
+
Rate Details
Advertised rate6.19%
Comparison rate5.99%
Loan typeVariable
RepaymentIO
Fees
Application feeFree
Monthly feeNone
Discharge fee$395
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#18
#18
🏢
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac
6.00%
5.99% adv
Details
🏢
Flexi First : Our lowest online variable home loan rate (Owner Occupied)
Westpac
6.00%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.00%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
✅Offset account
✅Redraw facility
✅Extra repayments
✅Portable
✅Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#19
#19
🏦
Discount Variable - Owner Occupied
People First Bank
6.00%
5.99% adv
Details
🏦
Discount Variable - Owner Occupied
People First Bank
6.00%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.00%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$345
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#20
#20
🏦
Virgin Money Lite Home Loan
Virgin Money
6.01%
5.99% adv
Details
🏦
Virgin Money Lite Home Loan
Virgin Money
6.01%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.01%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Investor
📐Max LVR: 100%
#21
#21
🏦
Virgin Money Lite Home Loan
Virgin Money
6.01%
5.99% adv
Details
🏦
Virgin Money Lite Home Loan
Virgin Money
6.01%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.01%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Investor
📐Max LVR: 100%
#22
#22
🏦
Virgin Money Lite Home Loan
Virgin Money
6.01%
5.99% adv
Details
🏦
Virgin Money Lite Home Loan
Virgin Money
6.01%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.01%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$350
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Investor
📐Max LVR: 100%
#23
#23
🌳
Bendigo Express Home Loan
Bendigo
6.02%
5.89% adv
Details
🌳
Bendigo Express Home Loan
Bendigo
6.02%5.89% adv
+
Rate Details
Advertised rate5.89%
Comparison rate6.02%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly fee$10/mo
Discharge fee$350
Features
✅Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
#24
#24
💳
Mortgage Simplifier
ING
6.02%
5.99% adv
Details
💳
Mortgage Simplifier
ING
6.02%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.02%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$250
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 95%
#25
#25
🏦
DHOAS Rate Saver Home Loan
Australian Military Bank
6.02%
5.99% adv
Details
🏦
DHOAS Rate Saver Home Loan
Australian Military Bank
6.02%5.99% adv
+
Rate Details
Advertised rate5.99%
Comparison rate6.02%
Loan typeVariable
RepaymentP&I
Fees
Application feeFree
Monthly feeNone
Discharge fee$120
Features
—Offset account
✅Redraw facility
✅Extra repayments
—Portable
—Repayment holiday
Eligibility
🏠Owner occupier
📐Max LVR: 98%
These rankings rate every home loans on one figure. Answer a few questions to see the ones that fit you →
As of 16 September 2026, the lowest variable home loan comparison rate tracked by BankMate is 5.85% from Unity Bank (Essential Worker Home Loan - Owner Occupier). How we rank →