Compare Variable Rate Home Loans

Compare our lowest variable home loan rates & repayments. Today's top deals from 30+ banks and specialty lenders.

Variable rate home loans are well featured, flexible home loans that feature interest rates that fluctuate up or down over time, loosely in line with market conditions and the official interest rates set by the Reserve Bank of Australia (RBA).

Also consider Fixed Rate Home Loans or Compare All Home Loan Rates & Repayments

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Lender
Loan Details
Interest
Comparison
Repayments
  1. Back to Basics Variable Loan Better Together Bundle

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.71%
      p.a. variable
    • 3.71%
      p.a. Comparison
    • $1,792
      per month*
  2. Discount Variable Rate Special Rate

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.79%
      p.a. variable
    • 3.79%
      p.a. Comparison
    • $1,807
      per month*
  3. Firstmac Vital 80

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.79%
      p.a. variable
    • 3.82%
      p.a. Comparison
    • $1,807
      per month*
  4. Homeloans Ultra Plus 80

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.74%
      p.a. variable
    • 3.80%
      p.a. Comparison
    • $1,808
      per month*
  5. Orange Advantage

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.74%
      p.a. variable
    • 3.83%
      p.a. Comparison
    • $1,814
      per month*
  6. Homeloans Optima up to

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.83%
      p.a. variable
    • 3.83%
      p.a. Comparison
    • $1,815
      per month*
  7. Homeloans FlexiChoice Prime Standard

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.90%
      p.a. Comparison
    • $1,826
      per month*
  8. VIP 80

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,826
      per month*
  9. Basic Home Loan up to

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.89%
      p.a. Comparison
    • $1,826
      per month*
  10. Affinity Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.89%
      p.a. variable
    • 3.91%
      p.a. Comparison
    • $1,826
      per month*
  11. Firstmac Construction 80

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,826
      per month*
  12. Mortgage Simplifier

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.89%
      p.a. variable
    • 3.90%
      p.a. Comparison
    • $1,826
      per month*
  13. Complete Alliance Option SVR 80%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  14. Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  15. Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  16. Complete Alliance Option SVR 80%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.86%
      p.a. variable
    • 3.92%
      p.a. Comparison
    • $1,830
      per month*
  17. Basic Flyer Home Loan up to

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.94%
      p.a. variable
    • 3.94%
      p.a. Comparison
    • $1,836
      per month*
  18. Homeloans FlexiChoice Prime Pro Pack

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 3.79%
      p.a. variable
    • 3.94%
      p.a. Comparison
    • $1,836
      per month*
  19. SmartSaver Variable

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.94%
      p.a. variable
    • 3.95%
      p.a. Comparison
    • $1,836
      per month*
  20. Orange Advantage

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.87%
      p.a. variable
    • 3.96%
      p.a. Comparison
    • $1,839
      per month*
  21. Back to Basics Variable Loan Better Together Bundle

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 3.98%
      p.a. variable
    • 3.98%
      p.a. Comparison
    • $1,844
      per month*
  22. AMP Essential Home Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.98%
      p.a. variable
    • 3.99%
      p.a. Comparison
    • $1,844
      per month*
  23. AMP Essential Home Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 3.98%
      p.a. variable
    • 3.99%
      p.a. Comparison
    • $1,844
      per month*
  24. Basic Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 3.98%
      p.a. variable
    • 3.99%
      p.a. Comparison
    • $1,844
      per month*
  25. Basic Variable Rate Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 3.98%
      p.a. variable
    • 4.00%
      p.a. Comparison
    • $1,844
      per month*

*Monthly Repayments

Monthly repayments are calculated to take into account the loan amount, repayment term and ongoing fees and charges over the life of the loan.

  • Variable rate loans show the monthly repayments at the current rate.
  • Fixed rate loans show the monthly repayment during the fixed period only.
  • Monthly repayment calculations are an approximate guide only. Speak to a LoanMarket Mortgage broker to understand the exact cost of a loan given your particular circumstances.

**Comparison Rates

A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, loan amount, repayment term and ongoing fees and charges and displays this as a single percentage rate that can be used to compare various loans from different lenders.

Monthly Repayment and Comparison Rate* calculations do not include:

  • The use of account features such as early repayments and offset accounts which vary widely among loans and can reduce the cost of a loan significantly.
  • Cost savings such as fee waivers or special rate discounts.
  • Fees and charges associated with loan options or events that may or may not be used by the borrower, such as early repayment or redraw fees
  • Lenders Mortgage Insurance (LMI) which may be required to secure the loan and can increase the cost of the loan.
  • Government charges such as stamp duty or mortgage registration fees.
  • Fees and charges which aren’t available at the time the comparison rate is provided