Compare Variable Rate Home Loans - Loan Market

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. SmartSaver Variable

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 4.39%
      p.a. variable
    • 4.40%
      p.a. Comparison
    • $1,924
      per month*
  2. Homeloans Accelerate Prime

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.34%
      p.a. variable
    • 4.42%
      p.a. Comparison
    • $1,924
      per month*
  3. Enhance Std Variable 80%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.34%
      p.a. variable
    • 4.41%
      p.a. Comparison
    • $1,924
      per month*
  4. Refresh Prime

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.34%
      p.a. variable
    • 4.41%
      p.a. Comparison
    • $1,924
      per month*
  5. Mortgage Plus Standard Variable

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 4.26%
      p.a. variable
    • 4.41%
      p.a. Comparison
    • $1,927
      per month*
  6. Credit Gold Full Doc

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.28%
      p.a. variable
    • 4.46%
      p.a. Comparison
    • $1,927
      per month*
  7. Credit Gold Full Doc

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.28%
      p.a. variable
    • 4.46%
      p.a. Comparison
    • $1,927
      per month*
  8. Extra Home Loan Intro 2 Year Discount

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 4.42%
      p.a. variable
    • 4.43%
      p.a. Comparison
    • $1,930
      per month*
  9. Extra Home Loan Intro 2 Year Discount

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.42%
      p.a. variable
    • 4.43%
      p.a. Comparison
    • $1,930
      per month*
  10. Flexi First 2 Years Introductory Variable

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 4.44%
      p.a. variable
    • 4.44%
      p.a. Comparison
    • $1,934
      per month*
  11. Basic Home Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.44%
      p.a. variable
    • 4.45%
      p.a. Comparison
    • $1,934
      per month*
  12. Tailored Home Loan Choice Package

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.28%
      p.a. variable
    • 4.44%
      p.a. Comparison
    • $1,935
      per month*
  13. Credit Power Pack 80%90%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 4.40%
      p.a. variable
    • 4.47%
      p.a. Comparison
    • $1,936
      per month*
  14. Pepper Essential

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.40%
      p.a. variable
    • 4.47%
      p.a. Comparison
    • $1,936
      per month*
  15. Flexible Home Loan with Member Package

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 4.29%
      p.a. variable
    • 4.45%
      p.a. Comparison
    • $1,937
      per month*
  16. Complete Variable Home Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.29%
      p.a. variable
    • 4.46%
      p.a. Comparison
    • $1,937
      per month*
  17. ABL Term Home Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.41%
      p.a. variable
    • 4.49%
      p.a. Comparison
    • $1,938
      per month*
  18. Breakthrough 95%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 4.49%
      p.a. variable
    • 4.53%
      p.a. Comparison
    • $1,943
      per month*
  19. Free Prime AAA

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.49%
      p.a. variable
    • 4.52%
      p.a. Comparison
    • $1,943
      per month*
  20. Basic Flyer Home Loan

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.49%
      p.a. variable
    • 4.50%
      p.a. Comparison
    • $1,943
      per month*
  21. Free Prime AAA

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.49%
      p.a. variable
    • 4.52%
      p.a. Comparison
    • $1,943
      per month*
  22. Advance SVR 90%95%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 95%
    • 4.44%
      p.a. variable
    • 4.50%
      p.a. Comparison
    • $1,944
      per month*
  23. Homeloans Optima

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.41%
      p.a. variable
    • 4.50%
      p.a. Comparison
    • $1,944
      per month*
  24. Homeloans Optima LOC

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 80%
    • 4.41%
      p.a. variable
    • 4.50%
      p.a. Comparison
    • $1,944
      per month*
  25. Credit Power Pack 80%90%

    • Offset Account
    • Redraw Available
    • Credit Card
    • Borrow up to 90%
    • 4.45%
      p.a. variable
    • 4.52%
      p.a. Comparison
    • $1,945
      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