Victoria Home Loans, November 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.
About these dates
Live rates updated 6 November 2026. Verified snapshot dated 4 November 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.
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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.
What changes when you compare home loans in Victoria
Compare home loans in Victoria using the same loan amount, deposit, repayment type and features. Check the lender's eligibility requirements as well as the interest rate, comparison rate and fees. A published rate is not a personal loan approval.
Upfront costs and home buyer assistance can differ by location. Check each grant or duty concession separately: availability depends on the scheme's current rules and your circumstances. Benefits are not automatically available together. The Australian Government 5% Deposit Scheme has its own eligibility rules, location-based property price caps and participating-lender assessment. Check the official sources linked below before including assistance in your purchase budget.
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.
For a Bendigo refinance, compare published interest rates, comparison rates and fees. The rate and loan available to you depend on the lender's assessment, your deposit, the property and the loan features. A comparison table is not a personal loan offer. 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.
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).
Source: firsthomebuyers.gov.au · Verified September 2026
First home buyer benefits in Victoria
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?
Compare offers in Melbourne and regional VIC using the same loan amount, deposit, repayment type and features. Check the lender's product eligibility and your individual offer rather than assuming every buyer receives the same rate. Location can also affect government scheme property price caps and access to state assistance. Check the official scheme sources for the property you are considering.