- 1,568
- Home loans compared
- 123
- Lenders
- 6.62%
- Typical variable rate, owner-occupier with 20% deposit
- 6.79%
- Typical 3-year fixed rate, owner-occupier with 20% deposit
- 6.89%
- Typical variable rate, investor with 20% deposit
- 48%
- Loans with an offset account
These figures cover the loans listed on Finty, not the whole market. Unless a table says otherwise, rates are for an owner-occupier paying principal and interest with a 20% deposit, using each loan's lowest rate for that borrower. The rate you're offered depends on your circumstances.
How the market spreads out
Each bar shows the range from lowest to highest. The shaded band is where the middle half of loans sit, and the line is the typical figure.
The shaded band covers the middle half of loans, and the line marks the typical figure. A wide band means loans vary a lot; a narrow one means they're much the same.
Owner-occupiers and investors
Variable rates with a 20% deposit, by who the loan is for. Unless marked interest only, the loan repays principal and interest.
| Metric | Owner-occupier | Owner, interest only | Investor | Investor, interest only |
|---|---|---|---|---|
| Loans | 456 | 292 | 414 | 336 |
| Typical interest rate | 6.62% | 7.54% | 6.89% | 7.24% |
| Typical comparison rate | 6.70% | 7.18% | 6.94% | 7.12% |
By deposit size
Variable rates for owner-occupiers paying principal and interest, by how much of the price the deposit covers.
| Metric | 40% deposit | 30% deposit | 20% deposit | 10% deposit | 5% deposit |
|---|---|---|---|---|---|
| Loans | 489 | 475 | 456 | 318 | 257 |
| Typical interest rate | 6.59% | 6.60% | 6.62% | 6.74% | 6.94% |
| Typical comparison rate | 6.64% | 6.69% | 6.70% | 6.92% | 7.10% |
Variable and fixed rates
Rates for owner-occupiers paying principal and interest with a 20% deposit, by how long the rate is fixed.
| Metric | Variable | 1-year fixed | 2-year fixed | 3-year fixed | 5-year fixed |
|---|---|---|---|---|---|
| Loans | 456 | 149 | 174 | 170 | 143 |
| Typical interest rate | 6.62% | 6.59% | 6.74% | 6.79% | 6.99% |
| Typical comparison rate | 6.70% | 6.67% | 6.80% | 6.85% | 6.96% |
Big four banks and other lenders
Variable rates for owner-occupiers paying principal and interest with a 20% deposit, from ANZ, CommBank, NAB and Westpac next to every other lender. The big banks' other brands, such as St.George and Bankwest, count as other lenders.
| Metric | All | Big four | Other lenders |
|---|---|---|---|
| Loans | 456 | 13 | 443 |
| Typical interest rate | 6.62% | 6.50% | 6.64% |
| Typical comparison rate | 6.70% | 6.63% | 6.70% |
| Typical upfront fee | $686 | $160 | $686 |
| Charge an annual fee | 13% | 15% | 13% |
| Offset account | 65% | 62% | 65% |
How variable rates are spread
How many loans offer an owner-occupier paying principal and interest with a 20% deposit a variable rate in each band.
- Under 5.5%3 loans
- 5.5% to 6%8 loans
- 6% to 6.5%181 loans
- 6.5% to 7%99 loans
- 7% to 7.5%62 loans
- 7.5% to 8%18 loans
- 8% to 8.5%30 loans
- 8.5% to 9%15 loans
- 9% to 9.5%18 loans
- 9.5% to 10%14 loans
- 10% or more8 loans
Fees and features in detail
What home loans charge to set up and keep open, how many charge to pay off early, and how many have an offset account.
| Metric | All | Big four | Other lenders |
|---|---|---|---|
| Loans | 1,568 | 34 | 1,534 |
| Typical upfront fee | $600 | $580 | $600 |
| Typical annual fee | $350 | $428 | $300 |
| Typical monthly fee | $10 | $0 | $10 |
| Charge an annual fee | 21% | 50% | 20% |
| Early repayment fee | 20% | 38% | 19% |
| Offset account | 48% | 38% | 49% |