Australia Loan Interest Rates

Bank Rate Type
UBank Variable Rate Home Loan

Rate indicated is applicable to the UHomeLoan (base rate) product.

3.74%
APR 3.74%
-Apply
Mar 2017
Bank Australia Basic Home Loan

The rate for the comparison rate is based on a loan of $150,000 for 25 years. The rate indicated is for owner occupier purposes but can be used for investment but other rates may apply.

3.79%
APR 3.83%
-Apply
Mar 2017
Newcastle Premium Plus Home Loan

The rate is for an owner occupied home with a minimum of $150,000 which includes a 100% offset facility and allows you to redraw addtional repayments.

3.84%
APR 4.22%
VariableApply
Mar 2017
3.89%
APR 4.04%
-Apply
Mar 2017
ING Direct Variable Rate Home Loan

Rate indicated is applicable to the Orange Advantage Home Loan product. Please refer to the ING Direct bank website for full details.

3.89%
APR 4.11%
-Apply
Mar 2017
Macquarie Bank Variable Rate Home Loan

Rate below is calculated for a loan amount of $500,000 and house value of $600,000. Please see Macquarie Bank's website for full details.

3.89%
APR 3.89%
-Apply
Mar 2017
Bankwest Complete Variable Home Loan

For further information, please visit the Bankwest website. Rate is applicable to the product 'complete variable home loan'

3.92%
APR 4.33%
-Apply
Mar 2017
CBA Fixed Rate Home Loan

Rate indicated is the fixed Interest Rate based on the 'Standard Fixed Rate' product for a term of 3 years. 

3.99%
APR 4.99%
FixedApply
Mar 2017
NAB Base Variable Rate Home Loan Interest Only

Rate is available for or owner occupied and investment home loans and is made from the NAB Base Variable Rate Home Loan Rate minus the product margin applied during the Interest Only period.

4.10%
APR 4.14%
Interest Only Home LoanApply
Mar 2017
Suncorp Bank Variable Rate Home Loan

Rate indicated is Suncorp Bank's standard variable rate. Please refer to the Suncorp Bank website for full details.

4.14%
APR 4.53%
-Apply
Mar 2017
Australian Consumer credit regulation

In Australia, all credit providers and credit assistance providers who provide loans must be licensed with ASIC or be an authorised representative of someone who is licensed.

Short term loans legislation

As from 1 March 2013, A law prohibits short term loans that you must pay in 15 days or less for loans less than $2,000 and that these fees are also capped, however ADIs eg banks are credit unions are exempt from this legislation or continuing contracts such as credit cards.

Medium Amount Loans

Loan amounts from 2,001 and |$5000 to be repaid between 16 days and 24 months are limited with a maximum annual interest rate cap of 48%. For more information on short term, medium term and long term loan legislation visit moneysmart.gov.au

Discussion

  • Q: Why is there such a big different in interest rates from the big 4 banks never had any problems ever paying anything back but trying to change banks why do they make it so hard

    Reply Ashley from Pascoe Vale, Australia