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Some of the top rated home loans for March 2025


Australian homeowners have received some relief as multiple lenders, including the Big Four banks and others, have announced rate cuts following the Reserve Bank of Australia’s (RBA) decision to lower interest rates.
If you have a variable-rate home loan and your lender has passed on the reduction, your monthly repayments will decrease, leaving more money in your pocket. While the exact savings depend on your loan size, a 0.25% rate cut could provide significant relief for many borrowers.
What does this mean for homeowners?
Many households have struggled with rising interest rates over the past two years. This latest cut may offer some relief, making repayments more manageable and easing mortgage stress for some borrowers.
If your lender hasn’t yet reduced your interest rate, now is the time to take action. It may be a good opportunity to review your current home loan and explore refinancing options. Many lenders are offering competitive variable rates, particularly to new customers. Negotiating with your lender could lead to additional savings, and if they’re unwilling to adjust your rate, it might be worth looking for a better deal elsewhere.
What should homeowners do next?
✅Check if your lender has passed on the full rate cut – Some banks may delay or only partially reduce rates. Contact your lender or check your loan statement.
✅Compare home loan rates – Even a small difference in interest rates can save thousands over time. Use comparison tools to ensure you’re getting the best deal.
✅Consider refinancing – If your current rate is significantly higher than what’s available, switching lenders or negotiating with your bank could lower your repayments.
✅Make extra repayments if possible – If your budget allows, use the lower rate as an opportunity to pay off your loan faster and reduce interest costs.
What to consider before refinancing your home loan
Many homeowners refinance their mortgage primarily to secure a lower interest rate, which can lead to significant savings on repayments. Even a small rate reduction can add up over time, making refinancing an attractive option.
However, while a lower rate is a key driver, it’s important to look at the bigger picture. Consider the overall cost of switching loans, including application fees, break costs (if you’re on a fixed rate), and ongoing charges. Additionally, check if the new loan offers features that suit your financial goals, such as offset accounts, redraw facilities, or extra repayment flexibility
RateCity’s Real Time Ratings™ can help you quickly compare the options available to you by combining their cost and flexibility into a single star rating. These ratings are updated frequently, and the top-rated choices are ranked on RateCity’s Home Loan Leaderboards. Some of the top-rated mortgage deals in different categories may also be eligible for a RateCity Gold Award.
Some of the top-rated variable home loans
This is the comparison rate published by the lender and is on a per annum basis. The comparison rate is calculated for a secured loan for an amount of $150,000 over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
- Summerland Bank Eco Home Loan Special (LVR < 60%) at 5.59% (comparison rate 5.64%)
- Homestar Finance Star Essentials Home Loan (LVR < 70%) at 5.64% (comparison rate 5.64%)
- Pacific Mortgage Group Standard Variable Home Loan (Principal and Interest) (LVR <80%) at 5.64% (comparison rate 5.64%)
- People's Choice Basic Variable Home Loan (Principal and Interest) (New Customer) (LVR < 70%) at 5.64% (comparison rate 5.65%)
- RACQ Bank Fair Dinkum Home Loan (Principal & Interest) (LVR < 60%) at 5.64% (comparison rate 5.65%)
Compare home loans in Australia
Product database updated 07 Apr, 2025
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Promoted home loans

Variable Rate Home Loan LVR < 80%
Real Time Rating™
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
Interest rate p.a.
5.74%
Comparison rate* p.a.
5.65%
Australian Credit Licence 234945
Fees & charges apply

Neat Home Loan
Real Time Rating™
- Special
- Owner Occupied
- Variable
- 40% min deposit
Interest rate p.a.
5.84%
Comparison rate* p.a.
5.86%
Australian Credit Licence 230686
Fees & charges apply

Mortgage Non Offset Home Loan
Real Time Rating™
- Cashback
- Owner Occupied
- Variable
- 40% min deposit
Interest rate p.a.
5.69%
Comparison rate* p.a.
5.70%
Australian Credit Licence 241167
Fees & charges apply

Variable Home Loan
Real Time Rating™
- Owner Occupied
- Variable
- 10% min deposit
- P&I
Interest rate p.a.
5.79%
Comparison rate* p.a.
5.83%
Australian Credit Licence 395219
Fees & charges apply
Product data updated on 7 Apr 2025