The lowest home loan rates at the big four banks.
- First6.35%comparison rateFlexi First: Our lowest online variable home loan rate (Owner Occupied)WestpacVariable · P&I · Owner-occupier · 6.34% advertised · Up to 80% LVRGo to site
- Second6.41%comparison rateDigi Home Loan (Owner Occupied)Commonwealth BankVariable · P&I · Owner-occupier · 6.39% advertised · Offset account · Up to 80% LVRGo to site
- Third6.50%comparison rateANZ Plus Home Loan VariableANZ PlusVariable · P&I · Owner-occupier · 6.50% advertised · Offset accountGo to site
Ranked by comparison rate, lowest first, among variable home loans from Commonwealth Bank, Westpac, ANZ (including ANZ Plus) and NAB. Leaves out every lender outside the big four, and fixed loans. Investor and interest-only loans, other LVR bands, and loans only for first home buyers (they have their own board). Compares 5 lenders, not the whole market.
Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
The other 7 home loans
Ranked by comparison rate, lowest first, among variable home loans from Commonwealth Bank, Westpac, ANZ (including ANZ Plus) and NAB. All 7: Variable · P&I · Owner-occupier.
| # | Home loan | Advertised | Offset | Max LVR | Big four banks | Links |
|---|---|---|---|---|---|---|
| 4 |  | 6.44% | Yes | 80% | 6.57%comparison rate0.22 above first ranked | Go to site |
| 5 | | 6.69% | No | — | 6.69%comparison rate0.34 above first ranked | Go to site |
| 6 |  | 6.79% | No | 80% | 6.79%comparison rate0.44 above first ranked | Go to site |
| 7 | | 6.74% | Yes | 80% | 6.88%comparison rate0.53 above first ranked | Go to site |
| 8 | | 6.74% | Yes | 80% | 7.11%comparison rate0.76 above first ranked | Go to site |
| 9 |  | 6.74% | Yes | 80% | 7.11%comparison rate0.76 above first ranked | Go to site |
| 10 | | 7.49% | Yes | 80% | 7.49%comparison rate1.14 above first ranked | Go to site |
- 4NAB Tailored Home Loan6.57%comparison rate0.22 above first ranked6.44% advertised · Offset account · Up to 80% LVR · $144 a year in fees
- 5NAB Base Variable Rate Home Loan6.69%comparison rate0.34 above first ranked6.69% advertised
- 6ANZ Simplicity PLUS6.79%comparison rate0.44 above first ranked6.79% advertised · Up to 80% LVR
- 7Simple Home Loan (Owner Occupied)Commonwealth Bank6.88%comparison rate0.53 above first ranked6.74% advertised · Offset account · Up to 80% LVR · $120 a year in fees
- 8Standard Variable Rate Home Loan (Owner Occupied)Commonwealth Bank7.11%comparison rate0.76 above first ranked6.74% advertised · With the Wealth Package · $395 a year · Offset account · Up to 80% LVR
- 9Rocket Loan: Variable Home Loan with Offset (Owner Occupied)Westpac7.11%comparison rate0.76 above first ranked6.74% advertised · With the Premier Advantage Package · $395 a year · Offset account · Up to 80% LVR
- 10ANZ Standard Variable home loan7.49%comparison rate1.14 above first ranked7.49% advertised · Offset account · Up to 80% LVR
Owner-occupier, principal and interest loans, each at the rate for an 80% LVR. Comparison rate includes most fees on a $150,000 loan over 25 years, the standard ASIC basis. Where a lender publishes no comparison rate, the advertised rate is used. A rate that needs the lender’s package is shown with the package and its yearly fee.
Comparison rates are based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Rank them on your answers
Ranked here at 80% LVR, owner-occupier, principal and interest. The questions price each loan at your deposit, loan size and repayments.
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Every home loan in one list with every figure. Sort and filter it yourself.
As of 1 November 2026, the lowest home loan comparison rate among Commonwealth Bank, Westpac, ANZ and NAB tracked by BankMate is 6.35% from Westpac (Flexi First: Our lowest online variable home loan rate (Owner Occupied)). How we rank