Home loan · Variable
OMG Home Loan
6.32%comparison rate p.a. · 6.29% advertised
Variable · P&I · Owner-occupier · 60.01–80% LVR
23rd of 91 variable owner-occupier P&I loans
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.
- Offset account
- No
- Redraw
- Yes
- Extra repayments
- Yes
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $395
- Variable · P&I · Owner-occupier · ≤60% LVR
- 6.27% comparison · 6.24% advertised
- Variable · P&I · Owner-occupier · 60.01–80% LVR
- 6.32% comparison · 6.29% advertised
- Variable · P&I · Owner-occupier · 80.01–95% LVR
- 6.57% comparison · 6.54% advertised
- Application fee
- None
- Ongoing fee
- None
- Discharge fee
- $395
- Valuation fee
- None
- Redraw fee
- None
- Offset account
- No
- Redraw
- Yes
- Extra repayments
- Yes
- Portable
- No
- Repayment holiday
- No
- Minimum loan
- $20,000
- Maximum loan
- $5,000,000
- OMG Home Loan · Variable · P&I · Owner-occupier
- RBA cash rate
- Market average
- OMG Home Loan (P&I) LVR>60-80variable owner-occupier P&I 6.07 → 6.3214 days after the RBA rise to 4.60%+0.25
- OMG Home Loan (P&I) LVR<60variable owner-occupier P&I 6.02 → 6.2714 days after the RBA rise to 4.60%+0.25
- OMG Home Loan (P&I) LVR>80variable owner-occupier P&I 6.32 → 6.5714 days after the RBA rise to 4.60%+0.25
Tracked since 12 September 2026. Our own corrections of a misread figure aren't shown.
Our OMG Home Loan is a variable rate loan with varying interest rates depending on the loan to value ratio (LVR) with no ongoing fees, for owner-occupiers.
Also from BCU: Offset Home Loan 6.51% · Fixed Home Loan 6.51% · Basic Loan 6.57% · Variable Home Loan 6.72%
As of 15 October 2026, the BCU OMG Home Loan's variable owner-occupier P&I variant has a comparison rate of 6.32% (6.29% advertised), ranking 23rd of 91 variable owner-occupier P&I loans and sitting 0.22 points below the market average of 6.54%. The product comes in 3 variants; the others are other LVR bands. Its rate last moved on 14 October 2026, 14 days after the RBA rise to 4.60%. From the provider's Consumer Data Right feed, refreshed nightly.