Top 5 Home Loan Rates — January 2021
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Top 5 Home Loan Rates — January 2021

Katie Douglass

Katie Douglass

11/01/2021 • 6 minute read

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Last year, we saw the lowest interest rates in our country’s history due to the economic impact of COVID-19. As a result, many Aussies are looking to take advantage of record low rates to buy a home or refinance their home loan.

If you’re one of those searching the market for a home loan option, you’re in luck! Below, we’ve put together the top 5 home loan rates in Australia for January 2021.

Top 5 Home Loan Rates for January 2021:

Please note, the information shown in the following table reflects the current rates offered by financial providers. Products are ranked by lowest interest rate as of January 2021. Ensure you check upfront with your loan provider to further understand if their product meets your needs.

HSBC – Fixed Rate Home Loan

1.88%
Advertised rate p.a
2.98%
Comparison rate p.a

More details

HSBC’s home loan is a 2 year fixed rate for owner occupied with principal and interest repayments.

more information +
less information –

Suncorp – Fixed Rate Home Loan

1.89%
Advertised rate p.a
2.94%
Comparison rate p.a

More details

Suncorp’s 2 year fixed rate home loan allows you to lock in a fixed interest rate for a term of 1, 2,3, or 5 years.

more information +
less information –

UBank – UHome Loan

1.95%
Advertised rate p.a
2.27%
Comparison rate p.a

More details

UBank’s fixed rate home loan is available for up to 3 years and applies for new customers only.

more information +
less information –

loans.com.au – Smart Booster Home Loan

1.99%
Advertised rate p.a
2.47%
Comparison rate p.a

More details

loans.com.au are a 100% online home loan provider. Their Smart Booster product is a variable rate home loan with no monthly or ongoing fees and unlimited redraws.

more information +
less information –

Virgin Money – Reward Me Fixed Rate Home Loan

2.04%
Advertised rate p.a
2.79%
Comparison rate p.a

More details

Virgin Money’s Reward Me Fixed Rate Home Loan allows you to lock in a fixed interest rate for 2 years.

more information +
less information –

Provider
Advertised rate p.a.
Comparison rate p.a.
Application Link
HSBC – Fixed Rate Home Loan
1.88%
2.98%

HSBC’s home loan is a 2 year fixed rate for owner occupied with principal and interest repayments.

more information +
less information –
Suncorp – Fixed Rate Home Loan
1.89%
2.94%

Suncorp’s 2 year fixed rate home loan allows you to lock in a fixed interest rate for a term of 1, 2,3, or 5 years.

more information +
less information –
UBank – UHome Loan
1.95%
2.27%

UBank’s fixed rate home loan is available for up to 3 years and applies for new customers only.

more information +
less information –
loans.com.au – Smart Booster Home Loan
1.99%
2.47%

loans.com.au are a 100% online home loan provider. Their Smart Booster product is a variable rate home loan with no monthly or ongoing fees and unlimited redraws.

more information +
less information –
Virgin Money – Reward Me Fixed Rate Home Loan
2.04%
2.79%

Virgin Money’s Reward Me Fixed Rate Home Loan allows you to lock in a fixed interest rate for 2 years.

more information +
less information –

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. All loans are subject to assessment and lending rules. Different terms, fees or other loan amounts might result in a different comparison rate with the lender that finances your loan. This list has been compiled through our own research as of January 2021. For more information on the providers listed, please refer to their website.

Want to know more about home loans?

Check out our latest articles on home loans.

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Oiyo is a consolidated online resource, we are not financial advisors. We work with a range of industry professionals and compliance check our articles to ensure factual accuracy. However, we do not provide professional financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented in this article relate to your unique circumstances.


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Katie Douglass

Written by Katie Douglass

Katie Douglass is the Communications Manager at Oiyo and a writer. In recent years, Katie's work has appeared in publications such as Marie Claire, InStyle, and THE ICONIC. She has a Bachelor of Creative Industries in Fashion Communication & Journalism from the Queensland University of Technology. At Oiyo, Katie is responsible for overseeing editorial strategy.

More about Katie Douglass