Some of the best home loans in August 2021

With lockdowns in parts of New South Wales, Victoria, South Australia and Queensland, banks large and small have been extending relief packages to affected home loan customers, offering mortgage repayment deferrals and more.

At the same time, big bank NAB has forecast double digit growth in capital city house prices next year. First home buyers could struggle with these higher prices, though NAB also predicts these capital city gains to cut in half by 2022.

Even though the record-low fixed rates of the past few months have started to disappear, there are still a range of mortgage deals available to suit different types of borrowers. Here are some of the top-rated home loans on RateCity, based on their Real Time Ratings™:

Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.

Some of the best variable home loans over $1 million

With NAB forecasting increased property prices in the future, borrowers wanting to purchase property in Australia’s capital cities may be more likely to want a home loan for borrowing a balance of $1 million or more.

Some of the best 3-year fixed home loans

Borrowers wanting to lock in a low interest rate may find it harder to find rate under 2 per cent these days, but there are still low-rate options available for borrowers who fulfil the eligibility criteria.

Some of the best home loans from large banks

Australia’s major mortgage lenders are often able to offer tempting home loan deals, sometimes including special offers such as waived fees or cashback to help attract your business.

Some of the best home loans from new lenders

Home loan offers from smaller mortgage lenders, including online-only lenders, may be able to compete with the bigger banks.

Compare home loans in Australia