Interest
5.94%p.a.
Comparison*
5.98%p.a.
Est. repayment
$2,978
LVR ≤80%
Victoria Home Loans, September 2026
Compare owner-occupier home loans for Victoria. Check each product’s interest rate, comparison rate, fees and eligibility, then explore the grants and concessions for buyers in Melbourne and regional VIC.
RBA cash rate 4.35%(effective 12 August 2026)·As at ·4,062 products·85+ Australian lenders
About these dates
Live rates updated 21 September 2026. Verified snapshot dated 27 August 2026 is used only for promoted 80% LVR claims, not as a second table date. Live figures change as lenders publish. The verified snapshot is the dated 80% LVR matrix used for promoted claims.
Sorted by comparison rate10 products shown
Interest
5.99%p.a.
Comparison*
6.31%p.a.
Est. repayment
$2,995
LVR ≤80%
Interest
6.19%p.a.
Comparison*
6.31%p.a.
Est. repayment
$3,059
LVR 60 to 80%
Interest
6.49%p.a.
Comparison*
6.13%p.a.
Est. repayment
$3,157
LVR ≤80%
Interest
6.19%p.a.
Comparison*
6.56%p.a.
Est. repayment
$3,059
LVR not stated
Interest
6.39%p.a.
Comparison*
6.75%p.a.
Est. repayment
$3,124
LVR 70 to 80%
*Important Information and Comparison Rate Warning
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.
Buying in VIC
What changes when you compare home loans in Victoria
The lenders on this page price nationally, your interest rate is the same buying in Melbourne as it is anywhere else. What does change is the cash going in. First home buyers in VIC can combine the $10,000 First Home Owner Grant with the state stamp duty concession (full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000) and the federal Home Guarantee Scheme cap of $950,000 (Melbourne + Geelong) / $650,000 (rest of VIC). Those three together can shift your minimum deposit by tens of thousands without ever touching the rate column above.
Buying to live in yourself? See Victoria owner-occupier home loans. Buying to rent out? See Victoria investor home loans for the loan features and rate spread specific to landlords.
Shopping by deposit size instead? Victoria owner-occupier rates are broken out at 80% LVR (no LMI), 90% LVR (LMI required), 95% LVR (Home Guarantee Scheme eligible), and Victoria investor rates the same way at 80% LVR (no LMI), 90% LVR (LMI required), 95% LVR (Home Guarantee Scheme eligible).
Source: State Revenue Office Victoria · Verified September 2026. Cap data from Housing Australia. See also our stamp duty calculator.
VIC first home buyer concessions at a glance
| First home owner grant | $10,000 |
|---|---|
| Stamp duty concession | Full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000. |
| Home Guarantee Scheme cap | $950,000 (Melbourne + Geelong) / $650,000 (rest of VIC) |
How can I compare home loan rates in Victoria?
Compare the interest rate and comparison rate for the same loan, then check fees, repayment type and features such as offset or redraw. A comparison rate helps compare costs, but the loan amount, term and eligibility also matter. Use the repayment calculator to explore repayments for your loan amount and term.
Bendigo home loans
Bendigo sits on the same $650,000 Home Guarantee Scheme price cap as the rest of regional Victoria, not the higher $950,000 cap that applies in Melbourne. Geelong is the only Victorian city named on the scheme’s regional-centre list, so it shares Melbourne’s higher cap, but Bendigo does not, a distinction worth knowing before you rely on the 5% deposit scheme for a Bendigo purchase. Rates themselves aren’t affected either way, lenders price a loan the same regardless of postcode, so a Bendigo refinance sees the exact same comparison-rate table above as a Melbourne one. The city also gives its name to Bendigo Bank, the ASX-listed regional bank founded there in 1858, still one of the widest branch networks outside the big four.
Source: Housing Australia, regional centre price caps. Verified 2026-08-25.
Federal scheme · Available nationwide
Australian Government 5% Deposit Scheme, no LMI
Buy a home with as little as a 5% deposit without paying Lenders Mortgage Insurance, the federal government guarantees the rest. Since 1 October 2025 the scheme has unlimited places, no income caps, and significantly higher property caps. The property must be your principal place of residence (no investors).
First home buyers
5% deposit, no LMI
Scheme places
Unlimited, no waiting list
Single parents
2% deposit, no LMI
Source: firsthomebuyers.gov.au · Verified September 2026
Your state, pick to see grants & concessions
State schemes · Victoria
First home buyer benefits in Victoria
First Home Owner Grant (FHOG)
$10,000, Buying or building a new home valued ≤ $750,000 (newly constructed or never-occupied).
Stamp duty concession
Full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000.
5% Deposit Scheme property cap
Maximum property price for the federal 5%-deposit scheme in Victoria: $950,000 (Melbourne + Geelong) / $650,000 (rest of VIC).
Source: State Revenue Office Victoria · Verified September 2026. Grant amounts and property caps change, confirm with the linked source before applying.
Want help stacking these schemes for your scenario? Talk to a broker →
Victoria home loan FAQs
What are the lowest home loan rates in Victoria?
Compare the interest rate and comparison rate for each product in the Victoria table, along with fees, repayment type and eligibility. The lowest advertised rate is not necessarily the lowest total cost for your loan. Grants and concessions for VIC have separate eligibility requirements.
What is the First Home Owner Grant in VIC?
VIC's First Home Owner Grant is $10,000. Buying or building a new home valued ≤ $750,000 (newly constructed or never-occupied). It's paid in addition to any rate you secure on the comparison table above, see State Revenue Office Victoria for the current eligibility detail.
Do first home buyers pay stamp duty in VIC?
Full exemption on homes ≤ $600,000; concessional rates from $600,000 to $750,000. These concessions can be worth more than a small difference in interest rate, so factor them into your total cost, not just the headline rate. Authority: State Revenue Office Victoria.
What is the Home Guarantee Scheme property price cap in VIC?
$950,000 (Melbourne + Geelong) / $650,000 (rest of VIC) Under the federal Home Guarantee Scheme, eligible buyers in VIC can purchase under that cap with as little as a 5% deposit and no Lenders Mortgage Insurance, the government guarantees the difference. It works with any lender on the scheme's panel, including several on the table above.
What is the Home Guarantee Scheme price cap in Bendigo?
Bendigo sits on the $650,000 statewide cap, the same as the rest of regional Victoria, not the higher $950,000 cap that applies in Melbourne. Geelong is the only Victorian city on the scheme's regional-centre list, so it shares Melbourne's higher cap, but Bendigo does not. A first home buyer here can still use the federal 5% deposit scheme up to $650,000 with no Lenders Mortgage Insurance.
Do home loan rates differ between Melbourne and regional VIC?
No. The lenders on this page price nationally, so a buyer in regional VIC is offered exactly the same rate as one in Melbourne. What does differ by location is eligibility for the Home Guarantee Scheme's regional-centre price cap, and in some states, a region-specific first home buyer program, both covered above.