Is Mage Financial really free?

Yes, 100% free to you. Like all mortgage brokers, we are paid by the lender when your loan settles. Getting your estimate costs nothing and there is no obligation to proceed.

Does using Mage affect my credit score?

No. Getting your broker estimate has no impact on your credit score. A credit check only happens if you choose to proceed with a formal application.

What happens after I accept an estimate from Mage?

Your licensed broker handles everything — from the full application to lender submission and settlement. You receive regular digital updates and your broker is on call if you ever need to chat.

What is the lowest home loan rate in Australia right now?

As of 2026-05-07, the lowest owner-occupied P&I variable home loan rate available from major Australian lenders is 4.24% p.a. Rates are sourced directly from lender open banking (CDR) data and updated daily.

How many lenders does Mage Financial compare?

Mage Financial compares home loan rates from 16 Australian lenders including the Big Four banks (CBA, ANZ, Westpac, NAB) and major lenders like Macquarie, ING, HSBC, Bankwest, and more. Data is sourced directly from the Consumer Data Right (CDR) open banking APIs.

What is a comparison rate?

A comparison rate is a single percentage figure designed to help you identify the true cost of a loan. It factors in the interest rate plus most fees and charges over the life of the loan, based on a $150,000 secured loan over 25 years. Different loan amounts and terms will produce different comparison rates.

How often are the rates updated?

Rates are sourced directly from each lender's Consumer Data Right (CDR) open banking API and refreshed daily. The CDR is an Australian Government initiative that requires banks to publish their product data in a standardised format.

Compare Home Loan Interest Rates Australia 2026 — All Major Lenders

308 loans · from 4.24%

Purpose

Repayment

Rate Type

LVR Tier

Feature Set

Offset

Loan Amount

Showing 308 loans from 16 lenders· Lowest rate 4.24%

Lowest Rate

Westpac Banking Corporation

Sustainable Upgrades Home Loan

CDR

Interest Rate

4.24%

Comparison

4.24%

Est. Monthly

$3,247

VariableLVR lvr_80-90%basic

	Product			Type	LVR		Est. Monthly
1Westpac Banking Corporation	Sustainable Upgrades Home Loan	4.24%	4.24%	Variable	lvr_80-90%	$0	$3,247/mo	Apply
2ING	Mortgage Simplifier	5.74%	5.77%	Variable	60–70%	$0	$3,771/mo	Apply
3ING	Mortgage Simplifier	5.74%	5.77%	Variable	≤60%	$0	$3,771/mo	Apply
4HSBC Australia	Home Value Loan	5.74%	5.75%	Variable	≤60%	$0	$3,771/mo	Apply
5ING	Mortgage Simplifier	5.79%	5.82%	Variable	70–80%	$0	$3,789/mo	Apply
6Bendigo and Adelaide Bank	Bendigo Express Home Loan	5.79%	5.92%	Variable	lvr_80-90%	$0	$3,789/mo	Apply
7HSBC Australia	Home Value Loan	5.79%	5.80%	Variable	60–70%	$0	$3,789/mo	Apply
8Bank of Queensland	Economy Variable Home Loan	5.83%	5.85%	Variable	60–70%	$0	$3,804/mo	Apply
9Suncorp Bank	Back to Basics Variable Rate Better Together Special Offer	5.83%	5.84%	Variable	≤60%	$0	$3,804/mo	Apply
10Commonwealth Bank of Australia	Digi Home Loan (Owner Occupied)	5.84%	5.97%	Variable	≤60%	$0	$3,807/mo	Apply
11Bendigo and Adelaide Bank	Bendigo Easy Home Loan	5.84%	5.86%	Variable	≤60%	$0	$3,807/mo	Apply
12Macquarie Bank	Macquarie Offset Home Loan	5.84%	6.09%	Variable	60–70%	$248	$3,807/mo	Apply
13Macquarie Bank	Macquarie Offset Home Loan	5.84%	6.09%	Variable	≤60%	$248	$3,807/mo	Apply
14UBank	Flex - Variable OO P&I	5.84%	6.08%	Variable	60–70%	$0	$3,807/mo	Apply
15Macquarie Bank	Macquarie Basic Home Loan	5.84%	5.86%	Variable	≤60%	$0	$3,807/mo	Apply
16Macquarie Bank	Macquarie Basic Home Loan	5.84%	5.86%	Variable	60–70%	$0	$3,807/mo	Apply
17UBank	Neat - OO Variable P&I	5.84%	5.86%	Variable	≤60%	$0	$3,807/mo	Apply
18UBank	Flex - Variable OO P&I	5.84%	6.08%	Variable	≤60%	$0	$3,807/mo	Apply
19Suncorp Bank	Back to Basics Variable Rate Better Together Special Offer	5.84%	5.85%	Variable	60–70%	$0	$3,807/mo	Apply
20HSBC Australia	Home Value Loan	5.84%	5.85%	Variable	70–80%	$0	$3,807/mo	Apply
21UBank	Neat - OO Variable P&I	5.84%	5.86%	Variable	60–70%	$0	$3,807/mo	Apply
22Commonwealth Bank of Australia	Digi Home Loan (Owner Occupied)	5.87%	6.00%	Variable	60–70%	$0	$3,818/mo	Apply
23Bank of Queensland	Economy Variable Home Loan	5.88%	5.90%	Variable	70–80%	$0	$3,822/mo	Apply
24Suncorp Bank	Standard Variable Rate - Home Package Plus Special Offers	5.88%	6.24%	Variable	≤60%	$375	$3,822/mo	Apply
25Bendigo and Adelaide Bank	Bendigo Easy Home Loan	5.88%	5.90%	Variable	70–80%	$0	$3,822/mo	Apply
26AMP Bank	AMP First Home Loan	5.88%	5.88%	Variable	80–85%	$0	$3,822/mo	Apply
27Suncorp Bank	Back to Basics Variable Rate Better Together Special Offer	5.88%	5.89%	Variable	70–80%	$0	$3,822/mo	Apply
28Bank of Queensland	Clear Path Variable Home Loan	5.89%	6.18%	Variable	70–80%	$0	$3,826/mo	Apply
29Commonwealth Bank of Australia	Digi Home Loan (Owner Occupied)	5.89%	6.02%	Variable	70–80%	$0	$3,826/mo	Apply
30Bendigo and Adelaide Bank	Bendigo Flex Home Loan	5.89%	6.07%	Variable	≤60%	$0	$3,826/mo	Apply
31Macquarie Bank	Macquarie Offset Home Loan	5.89%	6.14%	Variable	70–80%	$248	$3,826/mo	Apply
32Bendigo and Adelaide Bank	Bendigo Flex Home Loan (Retail)	5.89%	6.09%	Variable	≤60%	$0	$3,826/mo	Apply
33ING	Orange Advantage	5.89%	6.18%	Variable	60–70%	$0	$3,826/mo	Apply
34ING	Orange Advantage	5.89%	6.18%	Variable	70–80%	$0	$3,826/mo	Apply
35ING	Orange Advantage	5.89%	6.18%	Variable	≤60%	$0	$3,826/mo	Apply
36Macquarie Bank	Macquarie Basic Home Loan	5.89%	5.91%	Variable	70–80%	$0	$3,826/mo	Apply
37UBank	Flex - Variable OO P&I	5.89%	6.13%	Variable	70–80%	$0	$3,826/mo	Apply
38HSBC Australia	Standard Variable (Package)	5.89%	6.26%	Variable	≤60%	$0	$3,826/mo	Apply
39UBank	Neat - OO Variable P&I	5.89%	5.91%	Variable	70–80%	$0	$3,826/mo	Apply
40Bendigo and Adelaide Bank	Bendigo Flex Home Loan (Retail)	5.93%	6.13%	Variable	70–80%	$0	$3,840/mo	Apply

How to Compare Home Loan Rates in Australia

Understanding Interest Rates vs Comparison Rates

Key Factors When Choosing a Home Loan

Where Does This Data Come From?