Interest
6.34%p.a.
Comparison*
6.34%p.a.
Est. repayment
$3,108
LVR ≤50%
AFG Home Loans Alpha Home Loan Rates
AFG Home Loans Alpha lifted its variable home-loan rates by 0.25 percentage points from 9 October 2026, Ratesniffers records. Every lender's date is in the RBA rate pass-through tracker.
Tracked products
270
Variable product example
6.54%
A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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.
Fixed product example
—
Check the product rates and conditions in the table. A verified example for this loan scenario is unavailable.
Variable example comparison
6.54%
A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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.
Last updated
1 November 2026
AFG Home Loans Alpha is one of the Australian home-loan lenders we track daily. We currently surface 270 active products from AFG Home Loans Alpha, refreshed from authoritative lender sources. The product table below sorts by comparison rate by default, the true-cost metric mandated by the National Consumer Credit Protection Act 2009, so you can see total cost, including standard fees, at a glance.
What are AFG Home Loans Alpha home loan rates?
Ratesniffers compares AFG Home Loans Alpha home loan products by comparison rate. A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. Compare AFG Home Loans Alpha against the wider market on home loan rates, check the comparison rate used to rank the table, or model extra payments with the extra repayments calculator.
What is the lowest AFG Home Loans Alpha home loan rate?
A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. These selected examples do not establish the lowest rate across every product or borrower scenario.
How many home loan products does AFG Home Loans Alpha offer?
Ratesniffers currently tracks 270 AFG Home Loans Alpha home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest products sit at the top.
AFG Home Loans Alpha home loan rates at a glance
| Product type | Rate | Comparison rate | Max LVR |
|---|---|---|---|
| Variable Owner-occupier P&I | 6.34% p.a. | 6.34% p.a. | 50% |
| Variable Owner-occupier P&I | 6.34% p.a. | 6.34% p.a. | 60% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.39% p.a. | 70% |
| Variable Investor P&I | 6.49% p.a. | 6.49% p.a. | 50% |
| Variable Investor P&I | 6.49% p.a. | 6.49% p.a. | 60% |
| Variable Investor P&I | 6.54% p.a. | 6.54% p.a. | 70% |
| Variable Owner-occupier P&I | 6.54% p.a. | 6.54% p.a. | 80% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.57% p.a. | 50% |
| Variable Owner-occupier P&I | 6.39% p.a. | 6.57% p.a. | 60% |
| Fixed 1-year Owner-occupier P&I | 6.59% p.a. | 6.37% p.a. | 50% |
| Fixed 1-year Owner-occupier P&I | 6.59% p.a. | 6.37% p.a. | 60% |
| Fixed 1-year Owner-occupier P&I | 6.59% p.a. | 6.41% p.a. | 70% |
60 of 270 tracked AFG Home Loans Alpha home loan products
Interest
6.34%p.a.
Comparison*
6.34%p.a.
Est. repayment
$3,108
LVR 50 to 60%
Interest
6.39%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,124
LVR 60 to 70%
Interest
6.49%p.a.
Comparison*
6.49%p.a.
Est. repayment
$3,157
LVR ≤50%
Interest
6.49%p.a.
Comparison*
6.49%p.a.
Est. repayment
$3,157
LVR 50 to 60%
Interest
6.54%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,174
LVR 60 to 70%
Interest
6.54%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,174
LVR 70 to 80%
Interest
6.39%p.a.
Comparison*
6.57%p.a.
Est. repayment
$3,124
LVR ≤50%
Interest
6.39%p.a.
Comparison*
6.57%p.a.
Est. repayment
$3,124
LVR 50 to 60%
Interest
6.59%p.a.
Comparison*
6.37%p.a.
Est. repayment
$3,190
LVR ≤50%
Interest
6.59%p.a.
Comparison*
6.37%p.a.
Est. repayment
$3,190
LVR 50 to 60%
Interest
6.59%p.a.
Comparison*
6.41%p.a.
Est. repayment
$3,190
LVR 60 to 70%
Interest
6.59%p.a.
Comparison*
6.55%p.a.
Est. repayment
$3,190
LVR 70 to 80%
Interest
6.59%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,190
LVR ≤50%
Interest
6.59%p.a.
Comparison*
6.39%p.a.
Est. repayment
$3,190
LVR 50 to 60%
Interest
6.59%p.a.
Comparison*
6.43%p.a.
Est. repayment
$3,190
LVR 60 to 70%
Interest
6.59%p.a.
Comparison*
6.55%p.a.
Est. repayment
$3,190
LVR 70 to 80%
Interest
6.44%p.a.
Comparison*
6.62%p.a.
Est. repayment
$3,141
LVR 60 to 70%
Interest
6.64%p.a.
Comparison*
6.64%p.a.
Est. repayment
$3,207
LVR 70 to 80%
Interest
6.69%p.a.
Comparison*
Not available
Est. interest only / month
$2,788
LVR ≤50%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.69%p.a.
Comparison*
Not available
Est. interest only / month
$2,788
LVR 50 to 60%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.69%p.a.
Comparison*
6.44%p.a.
Est. repayment
$3,223
LVR ≤50%
Interest
6.69%p.a.
Comparison*
6.44%p.a.
Est. repayment
$3,223
LVR 50 to 60%
Interest
6.69%p.a.
Comparison*
6.48%p.a.
Est. repayment
$3,223
LVR 60 to 70%
Interest
6.69%p.a.
Comparison*
6.58%p.a.
Est. repayment
$3,223
LVR 70 to 80%
Interest
6.69%p.a.
Comparison*
6.60%p.a.
Est. repayment
$3,223
LVR ≤50%
AFG Home Loans AlphaOffset Home Loan 1 Year Fixed 50% - 60% LVR Owner Occupied P&I
1y FixedOffsetRedraw
Interest
6.69%p.a.
Comparison*
6.60%p.a.
Est. repayment
$3,223
LVR 50 to 60%
AFG Home Loans AlphaOffset Home Loan 1 Year Fixed 60% - 70% LVR Owner Occupied P&I
1y FixedOffsetRedraw
Interest
6.69%p.a.
Comparison*
6.65%p.a.
Est. repayment
$3,223
LVR 60 to 70%
Interest
6.69%p.a.
Comparison*
6.63%p.a.
Est. repayment
$3,223
LVR ≤50%
AFG Home Loans AlphaOffset Home Loan 2 Year Fixed 50% - 60% LVR Owner Occupied P&I
2y FixedOffsetRedraw
Interest
6.69%p.a.
Comparison*
6.63%p.a.
Est. repayment
$3,223
LVR 50 to 60%
AFG Home Loans AlphaOffset Home Loan 2 Year Fixed 60% - 70% LVR Owner Occupied P&I
2y FixedOffsetRedraw
Interest
6.69%p.a.
Comparison*
6.67%p.a.
Est. repayment
$3,223
LVR 60 to 70%
Interest
6.54%p.a.
Comparison*
6.72%p.a.
Est. repayment
$3,174
LVR ≤50%
Interest
6.54%p.a.
Comparison*
6.72%p.a.
Est. repayment
$3,174
LVR 50 to 60%
Interest
6.74%p.a.
Comparison*
Not available
Est. interest only / month
$2,808
LVR ≤50%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.74%p.a.
Comparison*
Not available
Est. interest only / month
$2,808
LVR 50 to 60%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.74%p.a.
Comparison*
6.52%p.a.
Est. repayment
$3,240
LVR ≤50%
Interest
6.74%p.a.
Comparison*
6.52%p.a.
Est. repayment
$3,240
LVR 50 to 60%
Interest
6.74%p.a.
Comparison*
6.56%p.a.
Est. repayment
$3,240
LVR 60 to 70%
Interest
6.74%p.a.
Comparison*
6.65%p.a.
Est. repayment
$3,240
LVR 70 to 80%
Interest
6.74%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,240
LVR ≤50%
Interest
6.74%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,240
LVR 50 to 60%
Interest
6.74%p.a.
Comparison*
6.58%p.a.
Est. repayment
$3,240
LVR 60 to 70%
Interest
6.74%p.a.
Comparison*
6.66%p.a.
Est. repayment
$3,240
LVR 70 to 80%
Interest
6.59%p.a.
Comparison*
6.77%p.a.
Est. repayment
$3,190
LVR 60 to 70%
Interest
6.59%p.a.
Comparison*
6.77%p.a.
Est. repayment
$3,190
LVR 70 to 80%
AFG Home Loans AlphaOffset Home Loan 1 Year Fixed 70% - 80% LVR Owner Occupied P&I
1y FixedOffsetRedraw
Interest
6.69%p.a.
Comparison*
6.78%p.a.
Est. repayment
$3,223
LVR 70 to 80%
AFG Home Loans AlphaOffset Home Loan 2 Year Fixed 70% - 80% LVR Owner Occupied P&I
2y FixedOffsetRedraw
Interest
6.69%p.a.
Comparison*
6.79%p.a.
Est. repayment
$3,223
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
Not available
Est. interest only / month
$2,829
LVR 60 to 70%
Based on a $500,000 balance
Average monthly interest assuming that balance and rate stay unchanged, excluding fees and offsets. Amounts can vary by month because lenders may calculate interest daily; later repayments may differ.
Interest
6.79%p.a.
Comparison*
6.51%p.a.
Est. repayment
$3,256
LVR ≤50%
Interest
6.79%p.a.
Comparison*
6.51%p.a.
Est. repayment
$3,256
LVR 50 to 60%
Interest
6.79%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,256
LVR 60 to 70%
Interest
6.79%p.a.
Comparison*
6.63%p.a.
Est. repayment
$3,256
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,256
LVR ≤50%
Interest
6.79%p.a.
Comparison*
6.54%p.a.
Est. repayment
$3,256
LVR 50 to 60%
Interest
6.79%p.a.
Comparison*
6.57%p.a.
Est. repayment
$3,256
LVR 60 to 70%
Interest
6.79%p.a.
Comparison*
6.65%p.a.
Est. repayment
$3,256
LVR 70 to 80%
Interest
6.79%p.a.
Comparison*
6.69%p.a.
Est. repayment
$3,256
LVR ≤50%
AFG Home Loans AlphaOffset Home Loan 3 Year Fixed 50% - 60% LVR Owner Occupied P&I
3y FixedOffsetRedraw
Interest
6.79%p.a.
Comparison*
6.69%p.a.
Est. repayment
$3,256
LVR 50 to 60%
AFG Home Loans AlphaOffset Home Loan 3 Year Fixed 60% - 70% LVR Owner Occupied P&I
3y FixedOffsetRedraw
Interest
6.79%p.a.
Comparison*
6.72%p.a.
Est. repayment
$3,256
LVR 60 to 70%
AFG Home Loans AlphaOffset Home Loan 3 Year Fixed 70% - 80% LVR Owner Occupied P&I
3y FixedOffsetRedraw
Interest
6.79%p.a.
Comparison*
6.83%p.a.
Est. repayment
$3,256
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.
AFG Home Loans Alpha home loan repayment calculator
The starting interest input uses this selected AFG Home Loans Alpha product example: Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Change the loan amount, rate or term to model your own mortgage. Repayments are principal and interest estimates, assume the entered rate remains unchanged, and exclude fees. Changes to these inputs do not establish product eligibility or approval.
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 amount you want to borrow.
Use the interest rate, not the comparison rate. Change it to model an actual offer or your own scenario.
Use the term in your offer or choose the number of years to model.
Monthly repayment
$3,174
Fortnightly repayment
$1,465
Total interest
$642,462
30 years at 6.54% (P&I)
For a fuller model, use the repayment calculator, see how extra payments change the balance with the extra repayments calculator, or check what you can borrow with the borrowing power calculator.
Who is AFG Home Loans Alpha?
AFG Home Loans Alpha is a white-label home loan with Bendigo and Adelaide Bank Limited ABN 11 068 049 178 as the credit provider. The AFG Home Loans range lends under Australian Credit Licence 411913.
Alpha comes in two variants. The Offset Home Loan allows up to six 100% offset accounts, each fully transactional with ATM, EFTPOS, BPAY and Pay Anyone access, alongside free online redraw. The Basic Home Loan drops the offset and uses manual redraw, also at no cost. Both carry no ongoing fees, and the rate can be fixed, variable, or split across the two. Redraw requires at least one month of repayments held in advance. No maximum LVR is published for Alpha.
Who suits a AFG Home Loans Alpha home loan?
Alpha tends to suit borrowers who want a bank-funded loan with no ongoing fee and either a genuine offset setup or a stripped-back basic loan. The six-offset structure is unusual and earns its keep if you actually run separate buckets for savings, tax and expenses; for a single offset the Basic variant is the simpler comparison. No maximum LVR is published, so confirm the deposit requirement against current terms, and compare the rate against the loans in the table above.
Background facts checked 5 September 2026. Rates above refresh independently.
AFG Home Loans Alpha fees, offset and limits at a glance
- Application or establishment fee
- Application fee $299 (Offset Home Loan).
- Discharge fee
- $350
- Settlement fee
- $199
- Additional valuation fee
- $236.50
- Loan portability
- $150
- Offset account
- Up to six 100% Offset Accounts available
- Minimum offset balance
- $1
- Lenders mortgage insurer
- Helia
- Capitalising LMI
- O/O max LVR 95% inc LMI, Investment P&I Max LVR is 90% inc LMI. Max 80% including LMI for Interest Only.
- Maximum total lending
- No limit
- Extra repayments on fixed
- Max $20k p.a. without incurring break cost fees
Checked 8 Oct 2026. Lender fees and policy change without notice, so confirm the detail with the lender before you apply.
AFG Home Loans Alpha home loans: frequently asked questions
What are AFG Home Loans Alpha home loan rates?
Ratesniffers compares AFG Home Loans Alpha home loan products by comparison rate. A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. Compare AFG Home Loans Alpha at /home-loans. The /guides/comparison-rate explains the fee-inclusive figure used to rank the table. To model extra payments, use /calculators/extra-repayment.
What is the lowest AFG Home Loans Alpha home loan rate?
A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. This is a selected example, not every product or a personalised offer. 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. These selected examples do not establish the lowest rate across every product or borrower scenario.
What is the monthly repayment on a $600,000 AFG Home Loans Alpha home loan?
For a hypothetical $600,000 principal-and-interest loan over 30 years, keeping this variable interest rate unchanged gives about $3,808 a month before fees. The selected source example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Variable rates can change; this calculation does not establish eligibility or approval. 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. Use /calculators/repayment to model your own amount and term.
How much do you need to earn for a $500,000 AFG Home Loans Alpha home loan?
There is no single salary requirement for a AFG Home Loans Alpha home loan. The lender assesses income, expenses, debts and repayment capacity. APRA's residential mortgage framework generally requires governed authorised deposit-taking institutions to apply a minimum 3 percentage point buffer above the payable interest rate, ignoring temporary introductory discounts, with prudent limited policy exceptions. This does not establish AFG Home Loans Alpha's actual assessment rate or approval criteria. Confirm the applicable lender policy and use /calculators/income-required for an illustrative estimate, not approval.
How does AFG Home Loans Alpha's home loan rate compare to the market?
A verified AFG Home Loans Alpha product example is Basic Home Loan 70% - 80% LVR Owner Occupied P&I: 6.54% p.a. (6.54% comparison rate), variable, for an owner-occupier principal-and-interest loan at 80% LVR (listed LVR band 70% to 80%), as of 20 October 2026. Across 30 covered listed lenders, the median advertised interest rate of one selected owner-occupier principal-and-interest variable example per lender at 80% LVR is 6.44% p.a., as of 20 October 2026. This describes those selected examples, not the whole market or rates approved for borrowers. 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.
How many home loan products does AFG Home Loans Alpha offer?
Ratesniffers currently tracks 270 AFG Home Loans Alpha home loan products across variable, fixed and interest-only options for owner-occupiers and investors, and ranks the 60 that pass our data-quality checks on this page. Every rate is checked daily against each lender's current published pricing and ranked by comparison rate, the ASIC-mandated figure that folds in most fees, so the genuinely cheapest loans sit at the top.
Is AFG Home Loans Alpha competitive for refinancing?
Compare AFG Home Loans Alpha's available product conditions and total costs with your existing loan. A listed rate does not establish refinance eligibility. Allow for discharge, establishment and any fixed-loan early repayment costs, and confirm applicable lender terms before switching. Compare the table with /home-loans/refinance.
How often are AFG Home Loans Alpha's home loan rates updated?
Ratesniffers refreshes AFG Home Loans Alpha's home loan rates daily; this page was last updated 1 November 2026. Rates can change whenever AFG Home Loans Alpha reprices or the RBA moves the cash rate, so the figures shown reflect the most recent data we hold rather than a static snapshot.