RatesniffersRATESNIFFERS
Compare home loansTalk to a broker

Cheapest Home Loans, April 2026

Sorted by comparison rate — the statutory "true cost" metric that includes fees. The famous names don't usually win here; sharper rates sit with smaller lenders and mutuals.

Rates updated 29 Apr 2026|1,261 products|85+ Australian lenders
Advertisement
Filters1
Editor's Pick · Ratesniffers Editorial Team

Top Home Loan Rates in April 2026

These are the cheapest rates we're tracking right now, sorted by comparison rate. The famous names rarely win here — sharper rates sit with mutuals, customer-owned banks, and online-only lenders.

Type
Lender & product
Rate p.a.
Comp. rate p.a.*
Max LVR
Variable rate
Virgin MoneyVirgin Money Lite Home Loan
5.59%
5.61%
—
Fixed rate
AthenaObliterate
5.99%
5.99%
50%
Interest only
Greater Bank LimitedDiscounted Great Rate Home Loan - Variable Interest Only Owner Occupied
5.79%
5.80%
—
Up logoOnline
Up Home Loan
Owner-occupierVariableP&IOffsetRedrawExtra repayments
Interest
5.70%p.a.
Comparison*
5.70%p.a.
Monthly repayment
$2,902
LVR —
More details
Health Professionals Bank
Your Way Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.74%p.a.
Comparison*
5.80%p.a.
Monthly repayment
$2,915
LVR —
More details
ME Bank - ME Go logoOnline
ME Bank EconoME Home Loan
Owner-occupierVariableP&IRedrawExtra repayments$3,000 cashback
Cashback eligibility
  • Min loan $700,000
  • Max LVR 80%
  • Aggregate split refi loans to meet $700k minimum (same customer, same submission)
  • Mixed refi + purchase apps eligible — one $3k per application
  • Excludes BOQ Group refis + recipients of BOQ refi cashback in last 12 months
  • Offer ends 28 Aug 2026 · lender T&Cs
Interest
5.83%p.a.
Comparison*
5.85%p.a.
Monthly repayment
$2,943
LVR —
More details
Auswide Bank Ltd logo
BASIC HOME LOAN
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.84%p.a.
Comparison*
5.87%p.a.
Monthly repayment
$2,947
LVR —
More details
Bank Australia logo
Basic Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.89%p.a.
Comparison*
5.89%p.a.
Monthly repayment
$2,962
LVR 70–80%
More details
Firefighters Mutual Bank
Your Way Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.84%p.a.
Comparison*
5.90%p.a.
Monthly repayment
$2,947
LVR —
More details
Maitland Mutual Limited logo
Budget Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.94%p.a.
Comparison*
5.94%p.a.
Monthly repayment
$2,978
LVR —
More details
Unloan logoOnline
Unloan Home Loan
Owner-occupierVariableP&IRedrawExtra repayments
Interest
5.99%p.a.
Comparison*
—
Monthly repayment
$2,995
LVR 80–90%
More details
*Important Information and Comparison Rate Warning

This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.

The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.