Best Home Loans

Based on 46,195 reviews
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Brand
Rating
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Aussie Home Loans

Aussie Home Loans 🏆 2026

4.9 

We’ve helped over 1.5million + customers find the right home loan for them.

Aussie Home Loans

Aussie Home Loans 🏆 2026

4.9 Summary
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Mike P2 posts
 

We refinanced from another lender who refused to drop their rate to that of what they were offering new applications. James Atherton at Aussie in… Read more

Woodvale WA was great. Had initial meeting, listened to our requests, searched, took details and next thing we knew it was approved and finalised. Very efficient and a great person to deal with, highly recommended.

Lendi

Lendi 🏆 2026

4.7 Summary
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MarkNSW
 

Extremely friendly & informative service throughout the entire process. I would not hesitate to contact the team should you require assistance regarding home loans. Show details

Mortgage House

Mortgage House 🏆 2026

4.7 Summary
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AmandaNSW
 

Highly recommend. Our mortgage broker was fantastic to work with from start to finish. He was an excellent communicator, kept us informed at every… Read more

stage, and made sure everything stayed on track throughout the process. He was proactive, reliable and made what could have been a stressful experience feel much more manageable. We really appreciated his support and would happily recommend him to anyone looking for a mortgage broker. Thank you Pierre Bezuidenhout

Home Loan Experts

Home Loan Experts

4.9 Summary
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Vidyaprakash T.
 

Thank you home experts team especially Mohit, Bipesh and Prajita. Very committed and speedy work. Show details

Mortgage Domayne

Mortgage Domayne

5.0 Summary
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Chenelle CollinsVIC
  Fair Incentive

Completely satisfied with the service provided by the team. No unexpected extra costs or any other issues during the whole loan process. We were very… Read more

impressed by the service provided to us. From the start till the end of the process the team was very efficient in delivering excellent results. Highly recommend Mortgage Domain

Loan Gallery Finance

Loan Gallery Finance

5.0 Summary
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Lou_LVIC2 posts
 

Professional, reliable and exceptional service by Darryl and the team. Darryl is very knowledgeable, supportive and helpful during our first… Read more

construction loan journey. Quick and great communication. He made the process easy and stress-free for us. Definitely recommend!

Loan Studio

Loan Studio

5.0 Summary
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Nitin2 posts
  Verified

Great broker Steve Mottau and Joe Adriano have been my loan brokers for 5 years now. I have been getting my property and investment property… Read more

financed and refinanced multiple times. Steve is very proactive, professional, transparent, and highly customer-centric. He spends a lot of time understanding your requirements and providing multiple options for refinancing your loans that benefit you so you can pay lower interest and get the maximum tax benefit. He proactively approaches you if there is a better loan option and cashback provided by some banks, and helps you refinance your loan to get maximum benefit. I have refinanced my loan on my property a couple of times in the last 5 years and have got thousands of dollars in cashback and very good interest rates. Once you have decided on the bank, Joe comes in and helps you get all the documents in order and works with the bank to make the entire process seamless. I had to only review and sign the documents. The rest was handled by Joe. Both of them have been wonderful brokers, and I have recommended them to my friends.

Loan Market

Loan Market

4.6 Summary
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Angela TraceyQLD
 

I highly recommend Loan Market - the turnaround time was next level. Enabled us to bid at auction on very short timeline Show details

Mortgage Ezy

Mortgage Ezy

4.6 Summary
ClarkQLD
  Fair Incentive

A massive Thank you too Juliet for your Customer support , helping navigating things.

Fayann2 posts
 

I am very happy with the service we have received.

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Bruce F.QLD
 

Found all staff members I have dealt extremely knowledgeable about the terms and condition of the company, also can help you with any questions you… Read more

may have without being placed on hold then transfer to another operator, would give a higher rateing if I was able to

Community First Bank

Community First Bank

4.6 Summary
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Pollyvan2002NSW14 posts
 

I have been with Community first for many years and trust them always to assist me when needed which they have. The staff at Gorokan are friendly and helpful especially Daimon . Thanks Gorokan

Homestar Finance

Homestar Finance

4.5 Summary
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Jo BannisterWA
  Fair Incentive

Great customer service: our agent was very helpful and communicated well. The only negative is how long the process took to process our loan. Show details

Credit Hub Australia

Credit Hub Australia

5.0 Summary
Savitri Savitri
  Verified

Great Service provided by Himal Shah and looking forward to work with him for my financial portfolio. We approach Himal for personal loan, and he… Read more

was efficient to provide options and offered us best product with best interest rates. I will recommend family and friends to contact Himal for all finance requirements.

Reduce Home Loans

Reduce Home Loans

4.3 Summary
KarthikeyanNew South Wales7 posts
 

Connor was outstanding throughout the entire process. He was incredibly helpful not just with securing the loan, but also during settlement, making… Read more

everything feel smooth and well managed.

What really stood out was his accessibility — he always picked up the phone, patiently answered all my questions, and was consistently prompt with email responses. That level of responsiveness made a big difference and gave me a lot of confidence along the way.

I wouldn’t hesitate to recommend Connor to anyone looking for a reliable and supportive person to deal with.

Nat
 

Edward Burke and Rachel Dare were fantastic, from start to finish they were efficient, available for any questions that I had and their professionalism and communication enabled me to get a great result. I couldn't recommend them highly enough. Show details

UNO home loans

UNO home loans

4.8 Summary
Sally7960QLD5 posts
  Verified

Our family just had our 4th loan arranged by Uno. Three were not straightforward loans at all being in our superannuation fund (knocked back by… Read more

another broker) and the 4th was for a recent arrival to Australia with no work history here & self employed. Mike Parsons worked miracles. He didn't take no for an answer, thought outside the box and his wisdom, multiple lender options, & sheer hard work & tenancity paid off for us. Nothing was too much trouble. We will be forever grateful! Thanks Mike!!

Professional Partners

Professional Partners

5.0 Summary
TrishaWarren LNSW2 posts
 

Expertise and efficiency that is second to none – Chantal's expertise and her team's efficiency allowed us to choose the best loan product that suited our needs. Best of all, we learned a lot from… Read more

the process, enabling us to make an informed decision and plan for the future. Transparent and very quick turnaround times. The service that Mortgage Domayne provides is second to none. Thanks again, Chantal and your team!

ARG Finance

ARG Finance

5.0 Summary
RobVIC2 posts
 

Our journey with the new home build has been a pleasant experience with the support of Ginny taking care of all our financing needs. I would like to… Read more

thank Ginny for his services in supporting our dream for a new home and for providing me with sound financial advice regarding the new home and previous investment properties. I recommend anyone who needs financial advice to utilities Ginny and his team who provide excellent information and support whilst doing so with a smile in what can be a stressful time navigating finances. I look forward to utilising Ginny brokering services again in the future.

Greenline Home Loans

Greenline Home Loans

5.0 Summary
MickNSW
 

Joseph Dabas is simply the best in the industry.... Greenline should give him a pay rise. Two years ago we purchased our first home - Joseph made… Read more

that dream come true. Recently we remortgaged with Joseph & he got us the best interest rate going. His industry contacts & networking set him aside from many other brokers. His care factor for doing the right thing by his customer is second. Our family has put trust in him twice now & he has delivered. I now recommend anyone looking for finance to contact Joseph.

Athena Home Loans

Athena Home Loans

4.4 Summary
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LeighNSW
  Verified

When my wife and I upgraded to a new home a few years back, we went straight with Athena instead of going back to our Big 4 lender from our first… Read more

home loan. Five years on, we're still with them on a Power Up owner-occupier variable loan with offset, and the decision has held up well.

The rate was noticeably lower at signup than what our old lender quoted us, and what's kept us with Athena is their same-rate policy. Existing customers pay the same rate as new customers on the same product. It means we don't have the "loyalty tax" problem, where you have to threaten to refinance every couple of years just to get the rate you should already be on. Rate changes also get passed on quickly after RBA decisions, which was a welcome change.

Settlement was fast and simple. The app is clean and does what we need. One thing worth knowing before you switch: Athena has no branches at all. Customer service is available by phone, email and chat. That works fine for us, but if you're someone who prefers walking into a branch to sit down with a banker in person, it's a real trade-off to weigh up.

Happy enough with Athena that I share my personal referral code publicly online (see the disclosure on this review).

Well Money

Well Money

4.8 Summary
John W.2 posts
 

For using Bendigo Bank 1 star! Why partner with the worst bank in Australia?

Mel Finance Services

Mel Finance Services

5.0 Summary
Kira
 

Lumbini was such a great help - from explaining the mortgage process to guiding me through buying my first house he has been so helpful and… Read more

supportive. He works quickly and efficiently but also detail oriented - the whole process was very smooth as a FHB. He's also very friendly and passionate about his work and will help you through every step of the process. I've had a great experience and already recommended to all my friends and family.

Unloan

Unloan

4.2 Summary
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obrienwVIC3 posts
 

Although the interest rate looks good at first, it won't last. I moved to Unloan because they told me "Yes, all customers receive the same live-in or… Read more

investment variable rate". Sadly Unloan are dishonourable. I have been with Unloan for 3 years and including my loyalty discounts, I am paying more than a new customer. That's my reward for loyalty

Tiimely Home

Tiimely Home

4.1 Summary
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NickNSW12 posts
 

Went from being a reasonable no frills home loan with offset and good interest rate with OK online banking, to a painful transition to Bendigo Bank… Read more

where they changed the BSB and Acct numbers, only allow you to use their pretty useless Mobile App (where you can't even download your transactions as a CSV file, and the PDF statement is very unfriendly to change into a spreadsheet) . So we now have to spend a lot of time on banking. To cap it off, I noticed that my loan repayment amounts hadn't changed despite the interest rate rises, only to be told that the loan is now monthly not weekly, and that to change the amount I have to phone them every time the rate changes. Farcical really. It feels like they want us to leave because they don't want us to have a lower interest rate.

What If We Finance

What If We Finance

5.0 Summary
Mozhgan C.
 

Fantastic service from start to finish. The whole process was smooth and stress-free, and we always felt supported and well-informed. Thank you for helping us secure our home loan! Show details

Investors Mortgage

Investors Mortgage

5.0 Summary
Jacques Clarel Grey
 

Aarjoo helped me alot with all the process. She was so patient with everything. Very quick at replying and sorting documents. Would 100% recommened her for anyone else need help with their loan or mortgage. Show details

Refinancer

Refinancer

4.9 Summary
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Surinder G.QLD3 posts
 

Very professional, informative, easy to understand, great communication by phone, emails & texts. If one person was away, another would be completely… Read more

in the know & follow through. They're still available if I have any queries at any point in time. They will also review the rayes. Excellent team, excellent service.

Resimac

Resimac

4.1 Summary
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Noel G.WA
 

Full of knowledge Knowledge on policy outstanding Very polite Complete all in a very short time

Connected Finance

Connected Finance

5.0 Summary
Matt
 

As first time buyers George and the team were incredible for us. We were in our first new home within 3 months of our first meeting. The Connected… Read more

Finance team made us feel comfortable and explained things clearly from the start. When we had an offer accepted right before Christmas they went above and beyond, skipping pre approval and getting our home loan approved promptly and through the shutdown period. We can't rate them high enough.

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Aussie Home Loans

Aussie Home Loans 🏆 2026

4.9 

We’ve helped over 1.5million + customers find the right home loan for them.

A man at a desk handing over a house key to someone filling out paperwork. There's also a model of a house on the desk.

Types of loan providers

Banks

The Big Four banks - that is, Commonwealth Bank, NAB, Westpac, and ANZ - dominate the home loan market. There are also plenty of smaller, more local banks (think banks like Bendigo Bank and ING) that offer a variety of home loans - so do some international banks that operate in Australia.

Pros
Have extensive customer service teams.
Have branches and ATMs that you can visit.
Offer plenty of loan options.
Can be easier to access, particularly if you stick with the same bank that you already hold an account with.
Can do online banking and use mobile apps to track your loan.
Cons
Usually don’t offer the lowest rates (although they’re still low enough to remain competitive).
Service is often slower and less personalised, as they’re such big institutions.
Overheads may be more expensive, meaning higher fees.

Non-bank lenders

Non-bank lenders are those which don’t hold a banking license - they’re not a bank, a building society, or a credit union. These lenders still have to follow the same laws, rules and regulations as banks, so they’re still as safe to use as traditional banks.

Online lenders - such as Lendi, Athena Home Loans, and Tic:Toc Home Loans - fall into this category, and are on the rise thanks to the convenience and competitive rates they offer.

Pros
Often more likely to offer lower set-up and ongoing fees, as they have less bells and whistles than banks.
Have more competitive interest rates.
Often offer more personalised customer service.
Usually more likely to be able to service higher-risk borrowers.
Shorter turnaround times, as they’re less bureaucratic than banks.
Convenient, as you can often do the whole home loan process online.
Cons
May service less areas than traditional banks.
Can be more vulnerable to economic conditions, such as financial crises.
Offer a smaller variety of products, so you may not find something that suits your needs.
Limited physical presence and branches means it may be difficult to get face-to-face help.
Can be difficult for people who aren’t tech-literate to do the whole home loan process online.

Is it worth getting a mortgage broker?

If you’re having difficulty comparing loans and lenders, then a mortgage broker may be able to help you find the right loan for you. This is a licensed professional who brings borrowers and lenders together, and helps you apply for the loan and assist you throughout the process through to settlement.

Often home loan brokers are paid commission by lenders, so you don’t have to pay for their services. They may however be offered incentives by a lender to offer you certain loans, which could influence which loans they recommend to you.

What to consider when you compare home loans

Eligibility

Different lenders have different eligibility criteria for taking out a home loan, so ensure that you check the requirements of each lender you’re considering so that you don’t waste your time with a lengthy application process.

Depending on your situation, you may also be eligible for a government incentive, such as the First Home Owner Grant - this grant requires that you move into your new home within 12 months, and live in it for at least 6 months.

Loan purpose

You should ensure that the type of loan you’re taking out is the right option for your loan purpose, depending on whether you’re a first-time home buyer, refinancing your mortgage, buying an investment property, looking for a construction loan, or something else.

A construction loan, for example, differs from a regular home loan in that it progressively lets you access money as you complete different phases of your home’s construction.

Loan repayment type

There are 2 ways to repay your loan: with principle and interest repayments, or with interest-only repayments.

Principal and interest repayments

Most Australians get this type of loan. With this loan, you make regular repayments on the principal (the amount borrowed), and you pay interest on that amount. These generally have a lower interest rate than interest-only loans, and you’ll usually own your home sooner.

Interest-only repayments

For interest-only home loans, you only make repayments on the interest on the amount borrowed for an initial period of time. Because you’re not making repayments on the principal, your debt doesn’t reduce.

While your mortgage repayments might be lower during the interest-only period, they’ll increase after that, so you have to ensure that you can afford this.

Initial deposit amount

When you take out a loan, you’ll have to make a home loan deposit, which is usually at least 10 to 20% of the purchase price.

While most lenders require a deposit of 20%, some will allow low deposit home loans, but you’ll likely have to pay Lender’s Mortgage Insurance (LMI) - this protects the lender against any losses in the event that you’re unable to repay your loan.

However, first home buyers may be able to buy a property with as little as a 5% deposit home loan without forking out for LMI under the Australian Government’s First Home Loan Deposit Scheme.

A higher deposit means you borrow less (as you have a lower loan amount) and pay less interest over the life of the loan. You might also be able to score better home loan interest rate deals that can mean even more savings in your pocket.

Interest rate and type

It’s recommended to aim for the lowest possible interest rate on your loan, as even small differences between these mortgage rates can wind up saving you thousands over the loan.

When taking out a home loan, you can choose between a fixed rate or a variable rate.

Fixed home loan rates

Fixed rate home loans have an interest rate that stays the same for a set period of time (for example, 5 years). The interest rate then turns into a variable rate.

Pros
Budgeting and planning for your loan is easier and more accurate as you know how much your repayments will be.
Have fewer loan features, which could mean you pay less.
Cons
If interest rates go down, you won’t reap the benefits of a fixed interest rate.
If you want to change loans down the track, you may be charged a break fee.

Variable home loan rates

A variable interest rate in a housing loan can fluctuate depending on changes in the market.

Pros
Can give you more flexibility as they have more loan features.
If you find a better deal elsewhere, it’s often easier to switch.
Cons
Budgeting is more difficult, as your repayment amounts can fluctuate.
Having more loan features can cost more.

If you’re not leaning towards either of these, you can also get a partially-fixed rate, or a split loan. This means that part of your loan (you can decide how to split it) has a fixed rate and the remainder has a variable rate.

Budget better by knowing your monthly repayment

Your monthly repayment is a figure that represents how much you have to pay each month on a loan. This helps you know exactly what you’re signing up for, so you’re not stretched too thin, or conversely, not paying less than what you can afford.

If it suits you better, you can also calculate your weekly or fortnightly repayment.

Loan features

Some loans have extra features that can give you greater flexibility in how you access and use them. However, these features usually come at a higher cost, so you should weigh up your options to see if you’ll use them in a way that makes the higher price worth it.

  • Offset account: This is a transaction account that’s linked to your home loan. The balance of this account can be offset against what you owe on your home loan.
  • Extra repayments: A loan that lets you make extra repayments lets you pay off your loan faster, saving you in paying interest. Most variable rate loans allow this, while some fixed rate loans limit how much extra you can repay.
  • Redraw facility: This lets you withdraw any extra payments you’ve made on your loan, which can be useful for emergencies. Your lender may charge a redraw fee or restrict how much money you can redraw.
  • Portability: With a portable home loan, you can sell your home and purchase a new one with the same home loan, without needing to refinance.
  • Line of credit: A line of credit home loan lets you borrow some of the built-up equity in your home. You can withdraw up to a certain amount (the credit limit) determined by your lender.

Loan term

The loan term refers to the length of time you have to pay off your loan. A typical loan term is 30 years, although depending on your situation, you can also find terms ranging from around 20 to 40 years.

It’s generally recommended to get the shortest loan term that you can afford - you’ll have to make higher home loan repayments, but you’ll pay less interest, saving you more in the long run.

Fees

You should read the fine print to figure out all the fees associated with your home loan, so you’re not surprised with a large sum down the track. Usually you’ll have to pay an application fee (also called an establishment, up-front, or set-up fee), which is a one-off payment that you pay when starting your loan.

You’ll probably also have to pay ongoing fees, such as service fees that are charged periodically (usually monthly or yearly) to a lender for administering your loan.

Find the comparison rate to know exactly what you’re paying

The comparison rate of a loan is the sum that indicates the cost of the loan, including the interest rate and most fees. This includes all upfront and ongoing costs, so you’ll get a good idea of how much you’ll be forking out over your loan.

If you’re tossing up between a few different loans, this figure can help make choosing between your options easier.

Comparing loan providers

When comparing providers, you should also look into the following:

  • The application process. The application process should be relatively simple, and should suit your needs. For example, if you need to organise a loan quickly, then you may want to opt for an online lender who can offer faster results.
  • The transparency of the lender. A lender should be upfront with you with all information relating to your loan, whether it’s positive or negative.
  • The lender’s customer service. Your home loan doesn’t end after you’ve finished your application, which is why timely, helpful customer service is important to make things as easy as they possibly can be for you.

Reading online reviews can help you determine the overall experience and quality of care a lender can give you, as well give you an indication of how straightforward the application process is.

The bottom line

You should be realistic about how much you can borrow. Take into account rising interest rates that could mean increased loan repayments for you - giving yourself a bit of breathing room, and considering how your personal and financial circumstances could change should help you find a loan that’s right for you.

Disclaimer: The information on this website is for general information only. It should not be taken as constituting professional advice from the website owner - ProductReview.com.au. ProductReview.com.au is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances. ProductReview.com.au is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.