Bendigo BankBendigo Complete Home Loan
5.49%
rate p.a.
5.53%
comparison*
80%
max LVR
The sharpest owner-occupier variable rate in our whole index, sorted on comparison rate so the fees are already counted. The famous names rarely win here.
Best Home Loan Rates in Australia, June 2026
There's no single best home loan — only the best loan for a given job. Below are our standout picks for June 2026, one per category, chosen live from 3,711 products across 85+ lenders and sorted on comparison rate. No paid placement — a lender earns its spot on the numbers alone.
Rates updated |1,299 products|85+ Australian lenders
Reviewed by the Ratesniffers Editorial Team · Picks refreshed daily
IMB BankEssentials Home Loan
6.64%
rate p.a.
6.70%
comparison*
$4,000
cashback
Among the lenders paying the largest cashback to switch, this one pairs the incentive with a competitive ongoing rate — the combination that actually saves money once the cashback is spent.
Bendigo BankBendigo Complete Home Loan
5.49%
rate p.a.
5.53%
comparison*
95%
max LVR
Accepts a deposit as low as 5% (95% LVR) at one of the sharpest rates available to first-timers, and is eligible on the federal First Home Guarantee panel where you can skip LMI.
Bendigo BankBendigo Complete Home Loan
5.49%
rate p.a.
5.53%
comparison*
80%
max LVR
The lowest investment variable rate we're tracking. Investor rates sit above owner-occupier, so a few basis points here compound into real money on a portfolio.
Bendigo BankBendigo Complete Home Loan
5.49%
rate p.a.
5.53%
comparison*
80%
max LVR
A 100% offset account where every dollar parked offsets interest dollar-for-dollar — often worth more than a marginally lower rate on a basic loan if you hold a cash balance.
ME Bank - ME GoME Bank CompleteME Home Loan
5.89%
rate p.a.
5.94%
comparison*
90%
max LVR
The lowest 3-year fixed rate in our index, for borrowers who want repayment certainty. Fixed loans limit extra repayments and charge break costs, so weigh the trade-off.
*Important Information and Comparison Rate Warning
This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is based on a loan of $150,000 over a term of 25 years.
The information provided on this site is general in nature and does not take into account your objectives, financial situation or needs. Before acting on any information, consider whether it is appropriate for you and read the relevant Credit Guide and lender disclosures.
Best home loan FAQs
Which bank has the best home loan rate in Australia?
No single bank is best for everyone — the sharpest advertised rates usually come from online-direct lenders, mutuals and challenger brands rather than the Big Four. The right lender for you depends on your deposit, whether you're an owner-occupier or investor, and the features you need. Our category picks above name the standout lender for each situation, refreshed daily.
Is the lowest rate always the best home loan?
Not always. A loan with a slightly higher rate but a full offset, free redraw, no annual fee and flexible repayments can beat a sharper rate locked behind a basic product — especially if you carry a cash balance an offset could work against. That's why we pick a best loan per category rather than crowning one overall winner.
What is the best home loan for first home buyers?
The best first-home-buyer loans accept a small deposit (often 5%, a 95% LVR), sit on the federal First Home Guarantee panel so you can avoid Lenders Mortgage Insurance, and still carry a competitive rate. Our "best for first home buyers" pick above is chosen on exactly those criteria.
What is the best home loan for refinancing?
The best refinance deal isn't just the biggest cashback — a large incentive attached to a high ongoing rate loses money within a year or two. We pick the lender that pairs a meaningful cashback with a genuinely competitive rate, which is the combination that saves money over the life of the loan.
How does Ratesniffers choose its best home loan picks?
Each pick is computed live from our rate index with a strict data-quality filter, sorted by comparison rate within its category. We don't take paid placement, so no lender can buy its way onto this page — a product appears only if its live, verified numbers earn the spot. See our methodology for how the index is built.
How often are these picks updated?
The picks are recomputed from the live rate index, which is refreshed daily and re-checked against each lender's own published product pages. The "updated" date at the top of the page shows exactly how current the recommendations are.
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