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’s home loan is a 2 year fixed rate for owner occupied with principal and interest repayments.
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.
UBank’s fixed rate home loan is available for up to 3 years and applies for new customers only.
loans.com.au – Smart Booster Home Loan
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.
Virgin Money – Reward Me Fixed Rate Home Loan
Virgin Money’s Reward Me Fixed Rate Home Loan allows you to lock in a fixed interest rate for 2 years.
HSBC’s home loan is a 2 year fixed rate for owner occupied with principal and interest repayments.
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.
UBank’s fixed rate home loan is available for up to 3 years and applies for new customers only.
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.
Virgin Money’s Reward Me Fixed Rate Home Loan allows you to lock in a fixed interest rate for 2 years.
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.
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.
