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Variable Rate Home Loans

Compare variable home loan rates with more than 848 offers from 34 lenders. The lowest flexible mortgage rate is 2.19% from Reduce and the lowest comparison rate is 2.19% from Reduce which offer more flexible repayment options with useful features like offset accounts and redraw.

Variable Fixed Mortgage Rates

Super Saver

Interest Rate

2.19% p.a.

Comparison Rate

2.19% p.a.

LVR

≤ 80%

Monthly Repayment

Economizer

Interest Rate

2.25% p.a.

Comparison Rate

2.25% p.a.

LVR

≤ 60%

Monthly Repayment

Economizer + Offset

Interest Rate

2.25% p.a.

Comparison Rate

2.38% p.a.

LVR

≤ 60%

Monthly Repayment

Low Rider

Interest Rate

2.29% p.a.

Comparison Rate

2.32% p.a.

LVR

≤ 70%

Monthly Repayment

Low Rider + Offset

Interest Rate

2.34% p.a.

Comparison Rate

2.37% p.a.

LVR

≤ 70%

Monthly Repayment

Economizer + Construction

Interest Rate

2.35% p.a.

Comparison Rate

2.35% p.a.

LVR

≤ 60%

Monthly Repayment

Economizer + Construction + Offset

Interest Rate

2.35% p.a.

Comparison Rate

2.48% p.a.

LVR

≤ 60%

Monthly Repayment

Rate Slasher

Interest Rate

2.39% p.a.

Comparison Rate

2.39% p.a.

LVR

≤ 95%

Monthly Repayment

Rate Slasher + Offset

Interest Rate

2.39% p.a.

Comparison Rate

2.52% p.a.

LVR

≤ 95%

Monthly Repayment

Penny Pincher

Interest Rate

2.39% p.a.

Comparison Rate

2.39% p.a.

LVR

≤ 70%

Monthly Repayment

Super Saver Cash Back

Interest Rate

2.39% p.a.

Comparison Rate

2.39% p.a.

LVR

≤ 80%

Monthly Repayment

Super Saver Cash Back + Offset

Interest Rate

2.39% p.a.

Comparison Rate

2.82% p.a.

LVR

≤ 80%

Monthly Repayment

Star Gold Home Loan

Interest Rate

2.44% p.a.

Comparison Rate

2.47% p.a.

LVR

≤ 60%

Monthly Repayment

Star Essentials Home Loan

Interest Rate

2.44% p.a.

Comparison Rate

2.47% p.a.

LVR

≤ 80%

Monthly Repayment

Penny Pincher + Offset

Interest Rate

2.44% p.a.

Comparison Rate

2.44% p.a.

LVR

≤ 70%

Monthly Repayment

Rate Buster

Interest Rate

2.45% p.a.

Comparison Rate

2.45% p.a.

LVR

≤ 95%

Monthly Repayment

Rate Buster + Offset

Interest Rate

2.45% p.a.

Comparison Rate

2.58% p.a.

LVR

≤ 95%

Monthly Repayment

Economizer Cash Back

Interest Rate

2.49% p.a.

Comparison Rate

2.49% p.a.

LVR

≤ 60%

Monthly Repayment

Owner Occupied Home Loan

Interest Rate

2.49% p.a.

Comparison Rate

2.52% p.a.

LVR

≤ 80%

Monthly Repayment

Economizer Cash Back + Offset

Interest Rate

2.49% p.a.

Comparison Rate

2.62% p.a.

LVR

≤ 60%

Monthly Repayment

Rate Slasher + Construction

Interest Rate

2.49% p.a.

Comparison Rate

2.49% p.a.

LVR

≤ 95%

Monthly Repayment

Star Classic Home Loan

Interest Rate

2.49% p.a.

Comparison Rate

2.52% p.a.

LVR

≤ 80%

Monthly Repayment

Rate Slasher + Construction + Offset

Interest Rate

2.49% p.a.

Comparison Rate

2.62% p.a.

LVR

≤ 95%

Monthly Repayment

Rate Lovers

Interest Rate

2.49% p.a.

Comparison Rate

2.49% p.a.

LVR

≤ 95%

Monthly Repayment

Clean Energy Home Loan – LVR Up to 70% – $500K+

Interest Rate

2.53% p.a.

Comparison Rate

3.17% p.a.

LVR

≤ 69.99%

Monthly Repayment

Rate Lovers + Offset

Interest Rate

2.54% p.a.

Comparison Rate

2.54% p.a.

LVR

≤ 95%

Monthly Repayment

Live-in Home Loan

Interest Rate

2.54% p.a.

Comparison Rate

2.55% p.a.

LVR

≤ 90%

Monthly Repayment

Live-in Home Loan + Offset Account

Interest Rate

2.54% p.a.

Comparison Rate

2.55% p.a.

LVR

≤ 90%

Monthly Repayment

Mortgage Simplifier – LVR Up to 80% – $1,000K+

Interest Rate

2.55% p.a.

Comparison Rate

2.58% p.a.

LVR

≤ 80%

Monthly Repayment

Rate Buster + Construction

Interest Rate

2.55% p.a.

Comparison Rate

2.55% p.a.

LVR

≤ 95%

Monthly Repayment

Rate Buster + Construction + Offset

Interest Rate

2.55% p.a.

Comparison Rate

2.68% p.a.

LVR

≤ 95%

Monthly Repayment

Low Rate Home Loan – LVR Up to 70%

Interest Rate

2.58% p.a.

Comparison Rate

2.60% p.a.

LVR

≤ 69.99%

Monthly Repayment

Low Rider – $850-1500k

Interest Rate

2.59% p.a.

Comparison Rate

2.62% p.a.

LVR

≤ 70%

Monthly Repayment

Economizer Cash Back + Construction

Interest Rate

2.59% p.a.

Comparison Rate

2.59% p.a.

LVR

≤ 60%

Monthly Repayment

Economizer Cash Back + Construction + Offset

Interest Rate

2.59% p.a.

Comparison Rate

2.72% p.a.

LVR

≤ 60%

Monthly Repayment

Low Rider – IO

Interest Rate

2.59% p.a.

Comparison Rate

2.82% p.a.

LVR

≤ 70%

Monthly Repayment

Cash Back Hero

Interest Rate

2.59% p.a.

Comparison Rate

2.59% p.a.

LVR

≤ 95%

Monthly Repayment

Cash Back Hero + Offset

Interest Rate

2.59% p.a.

Comparison Rate

2.72% p.a.

LVR

≤ 95%

Monthly Repayment

Mortgage Simplifier – LVR Up to 80% – $150-1,000K

Interest Rate

2.59% p.a.

Comparison Rate

2.62% p.a.

LVR

≤ 80%

Monthly Repayment

Variable Rate Home Loan

Interest Rate

2.59% p.a.

Comparison Rate

2.55% p.a.

LVR

≤ 70%

Monthly Repayment

Straightforward Home Loan – 500k+

Interest Rate

2.59% p.a.

Comparison Rate

2.62% p.a.

LVR

≤ 80%

Monthly Repayment

myHome Package Loan – 750k+

Interest Rate

2.60% p.a.

Comparison Rate

2.92% p.a.

LVR

≤ 95%

Monthly Repayment

Orange Advantage – LVR Up to 80% – $1,000K+

Interest Rate

2.60% p.a.

Comparison Rate

2.95% p.a.

LVR

≤ 80%

Monthly Repayment

Clean Energy Home Loan – LVR Up to 70% – $150-500K

Interest Rate

2.63% p.a.

Comparison Rate

3.27% p.a.

LVR

≤ 69.99%

Monthly Repayment

Smart Home Loan

Interest Rate

2.63% p.a.

Comparison Rate

2.65% p.a.

LVR

≤ 80%

Monthly Repayment

Orange Advantage – LVR Up to 80% – $150-1,000K

Interest Rate

2.64% p.a.

Comparison Rate

2.98% p.a.

LVR

≤ 80%

Monthly Repayment

Low Rider + Offset – $850-1500k

Interest Rate

2.64% p.a.

Comparison Rate

2.67% p.a.

LVR

≤ 70%

Monthly Repayment

Low Rider + Offset – IO

Interest Rate

2.64% p.a.

Comparison Rate

2.67% p.a.

LVR

≤ 70%

Monthly Repayment

Low Rate Home Loan – LVR 70 – 80%

Interest Rate

2.65% p.a.

Comparison Rate

2.67% p.a.

LVR

70% - 79.99%

Monthly Repayment

Home Value Loan – Owner Occupier – Special Offer

Interest Rate

2.65% p.a.

Comparison Rate

2.66% p.a.

LVR

≤ 90%

Monthly Repayment

Who has the lowest variable home loan rates in Australia?

Based on our database, Reduce offers the lowest variable rate home loan in Australia with a rate of 2.19% pa (comparison rate 2.19% pa).

What are advantages of a variable rate home loan?

  • If interest rates drop in the market, the amount of your loan repayments will go down.
  • Variable rate home loans usually offer extra or additional repayments without a penalty.
  • Home loan with variable interest rates also offer offset account or redraw facility which help you pay less interest.
  • Switch to another loan or lender without a break fee

Important Information


  1. "Comparison Rate" is a rate includes the interest rate, certain fees and charges relating to a loan. The Comparison Rate is calculated based on a $150,000 secured loan and a loan term of 25 years. However the "Comparison Rate" does not include all fees and charges
  2. "Monthly Repayment" is calculated based on a $150,000 loan and a loan term of 25 years. (Excluding upfront fees or other fees)
  3. FindMyRates is not a credit provider and does not provide personal financial or professional advice or credit assistance. The information on this site is sourced from external credit providers and not from FindMyRates itself. It does not take into account your specific needs or circumstances, so you should look at your own financial situation, objectives and requirements and consult a licensed or authorised financial adviser before making any financial decisions.
  4. FindMyRates does not show comparison results based on commissions or referral fees.
  5. Although FindMyRates cover a broad range of products, providers and services we dont cover every product, provider or service available in the market and may not compare all the features available to you.