Home Loan Comparison

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At Get Approved Loans, we compare thousands of home loan interest rates from over 60 lenders across Australia — making it easier to find a home loan that suits your financial goals, lifestyle, and long-term plans.

Whether you’re buying your first home, refinancing, or investing, our AI-powered loan platform delivers smart, fast, and personalised loan options.

What is a Home Loan?

A home loan, also known as a mortgage, is a financial product offered by banks and lenders to help you buy, build, refinance or renovate a property. Home loans in Australia generally span 25–30 years, and are repaid in regular instalments with interest, which is the cost of borrowing money.

Types of Home Loans in Australia

There’s no one-size-fits-all when it comes to home loans. Your ideal option depends on your situation, from first home buyers to property investors. Here’s a breakdown of common home loan types in Australia:

Variable Rate Home Loans

These loans have interest rates that fluctuate over time based on the lender’s decisions or economic changes like the RBA’s cash rate. Variable loans usually offer more flexibility, features, and offset/redraw facilities.

Fixed Rate Home Loans

With a fixed rate loan, your interest rate is locked in for a set period (typically 1–5 years). This protects you from rising interest rates and gives repayment certainty. Once the term ends, the loan generally switches to a variable rate.

Split Rate Home Loans

Split your loan into fixed and variable portions – ideal for borrowers who want rate stability on one part and flexibility on the other.

Principal & Interest Loans

You repay both the loan amount (principal) and interest during the life of the loan. This is the most common loan structure in Australia and helps reduce your balance over time.

Interest-Only Loans

Only pay the interest for an initial period (usually 1–5 years). After that, payments shift to principal + interest. These loans may suit investors seeking short-term cash flow relief but often cost more in the long run.

Owner-Occupier vs Investor Loans

Owner-Occupier Loans

For people who plan to live in the property, these loans generally have lower interest rates. Whether you’re buying, building, or refinancing your home, you may qualify for special rates or first-home buyer incentives.

Investor Loans

Designed for investment properties, these loans are used to rent or sell for profit. Investor loans may have slightly higher interest rates and may favour interest-only terms early on.

Why Compare Home Loans?

With thousands of mortgage options out there, comparing is essential to:

Find lower interest rates
Reduce ongoing fees
Access better features like offset accounts or redraw
Tailor your loan to your unique financial situation

Even a 0.25% difference in interest can save you thousands over the life of the loan.

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How to Compare Home Loans with Get Approved Loans

Use our smart loan comparison tool to:

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Access rates from over 75 trusted Australian lenders

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Choose between fixed, variable or split loans

Get personalised results in minutes with AI-powered technology

Flexible Loan Amounts and Terms

Whether you’re buying your dream home, investing in property, or refinancing to a better deal — Get Approved Loans gives you real-time access to competitive mortgage options.

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Compare Interest Rates on Home Loans

Interest rates vary widely across lenders and loan types. Use our home loan calculator to explore what your monthly repayments could look like, and understand the total cost of borrowing over time.

Keep in mind, a low rate doesn’t always equal the best value. Consider upfront fees, ongoing charges, and whether the loan includes features that work in your favour.

Looking for the Lowest Home Loan Rates?

Chasing the lowest rate? That’s a great starting point — but don’t forget to:

Compare comparison rates (which include fees)
Look for value-added features like offset accounts
Choose between flexibility vs certainty (fixed vs variable)

Sometimes a slightly higher rate with more features could help you save and manage your mortgage more efficiently.

Apply on Your Lunch Break – Fast, Paperless Applications

In a hurry? We make it easy to apply during your lunch break and get pre-approved the same day. Our 100% online process is fast, secure, and paperless—so you can go from quote to approval in just a few steps.

✅ Apply in under 5 minutes
✅ Get matched with top lenders instantly
✅ Receive same-day loan approval with eligible lenders