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 2026-03-23, the lowest owner-occupied P&I variable home loan rate available from major Australian lenders is 5.49% 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

550 loans · from 5.49%

Purpose

Repayment

Rate Type

LVR Tier

Feature Set

Offset

Loan Amount

Showing 550 loans from 16 lenders· Lowest rate 5.49%

Lowest Rate

HSBC Australia

Home Value Loan

CDR

Interest Rate

5.49%

Comparison

5.50%

Est. Monthly

$3,681

VariableLVR ≤60%basicRedraw

	Product			Type	LVR		Est. Monthly
1HSBC Australia	Home Value Loan	5.49%	5.50%	Variable	≤60%	$0	$3,681/mo	Apply
2Bendigo and Adelaide Bank	Bendigo Express Home Loan	5.54%	5.67%	Variable	lvr_80-90%	$0	$3,699/mo	Apply
3HSBC Australia	Home Value Loan	5.54%	5.55%	Variable	≤60%	$0	$3,699/mo	Apply
4Bendigo and Adelaide Bank	Bendigo Easy Home Loan	5.59%	5.61%	Variable	≤60%	$0	$3,717/mo	Apply
5Commonwealth Bank of Australia	Digi Home Loan (Owner Occupied)	5.59%	5.72%	Variable	≤60%	$0	$3,717/mo	Apply
6HSBC Australia	Home Value Loan	5.59%	5.60%	Variable	≤60%	$0	$3,717/mo	Apply
7Macquarie Bank	Macquarie Basic Home Loan	5.59%	5.61%	Variable	≤60%	$0	$3,717/mo	Apply
8Macquarie Bank	Macquarie Basic Home Loan	5.59%	5.61%	Variable	60–70%	$0	$3,717/mo	Apply
9Macquarie Bank	Macquarie Offset Home Loan	5.59%	5.84%	Variable	≤60%	$248	$3,717/mo	Apply
10Macquarie Bank	Macquarie Offset Home Loan	5.59%	5.84%	Variable	60–70%	$248	$3,717/mo	Apply
11UBank	Neat - OO Variable P&I	5.59%	5.61%	Variable	≤60%	$0	$3,717/mo	Apply
12UBank	Neat - OO Variable P&I	5.59%	5.61%	Variable	≤60%	$0	$3,717/mo	Apply
13UBank	Flex - Variable OO P&I	5.59%	5.84%	Variable	≤60%	$0	$3,717/mo	Apply
14UBank	Flex - Variable OO P&I	5.59%	5.84%	Variable	≤60%	$0	$3,717/mo	Apply
15Commonwealth Bank of Australia	Digi Home Loan (Owner Occupied)	5.62%	5.75%	Variable	60–70%	$0	$3,728/mo	Apply
16Bendigo and Adelaide Bank	Bendigo Easy Home Loan	5.63%	5.65%	Variable	≤60%	$0	$3,731/mo	Apply
17Bendigo and Adelaide Bank	Bendigo Flex Home Loan	5.64%	5.83%	Variable	≤60%	$0	$3,735/mo	Apply
18Bendigo and Adelaide Bank	Bendigo Flex Home Loan (Retail)	5.64%	5.85%	Variable	≤60%	$0	$3,735/mo	Apply
19Commonwealth Bank of Australia	Digi Home Loan (Owner Occupied)	5.64%	5.77%	Variable	70–80%	$0	$3,735/mo	Apply
20HSBC Australia	Standard Variable (Package)	5.64%	6.02%	Variable	≤60%	$0	$3,735/mo	Apply
21Macquarie Bank	Macquarie Basic Home Loan	5.64%	5.66%	Variable	70–80%	$0	$3,735/mo	Apply
22Macquarie Bank	Macquarie Offset Home Loan	5.64%	5.89%	Variable	70–80%	$248	$3,735/mo	Apply
23Suncorp Bank	Back to Basics Variable Rate Better Together Special Offer	5.64%	5.65%	Variable	≤60%	$0	$3,735/mo	Apply
24UBank	Neat - OO Variable P&I	5.64%	5.66%	Variable	≤60%	$0	$3,735/mo	Apply
25UBank	Flex - Variable OO P&I	5.64%	5.89%	Variable	≤60%	$0	$3,735/mo	Apply
26ING	Mortgage Simplifier	5.64%	5.67%	Variable	60–70%	$0	$3,735/mo	Apply
27ING	Mortgage Simplifier	5.64%	5.67%	Variable	70–80%	$0	$3,735/mo	Apply
28ING	Mortgage Simplifier	5.64%	5.67%	Variable	≤60%	$0	$3,735/mo	Apply
29ING	Orange Advantage	5.64%	5.94%	Variable	60–70%	$299	$3,735/mo	Apply
30ING	Orange Advantage	5.64%	5.94%	Variable	70–80%	$299	$3,735/mo	Apply
31ING	Orange Advantage	5.64%	5.94%	Variable	≤60%	$299	$3,735/mo	Apply
32Suncorp Bank	Back to Basics Variable Rate Better Together Special Offer	5.65%	5.66%	Variable	≤60%	$0	$3,738/mo	Apply
33Suncorp Bank	Back to Basics Variable Rate Better Together Special Offer	5.66%	5.67%	Variable	≤60%	$0	$3,742/mo	Apply
34Bendigo and Adelaide Bank	Bendigo Flex Home Loan	5.68%	5.86%	Variable	≤60%	$0	$3,749/mo	Apply
35Bendigo and Adelaide Bank	Bendigo Flex Home Loan (Retail)	5.68%	5.89%	Variable	≤60%	$0	$3,749/mo	Apply
36Bankwest	Bankwest Simple Home Loan	5.69%	5.72%	Variable	≤60%	$0	$3,753/mo	Apply
37Bankwest	Complete Variable Home Loan Package	5.69%	6.09%	Variable	≤60%	$395	$3,753/mo	Apply
38Bendigo and Adelaide Bank	Bendigo Complete Home Loan	5.69%	5.92%	Variable	≤60%	$0	$3,753/mo	Apply
39HSBC Australia	Standard Variable (Package)	5.69%	6.06%	Variable	≤60%	$0	$3,753/mo	Apply
40Suncorp Bank	Standard Variable Rate - Home Package Plus Special Offers	5.72%	6.08%	Variable	≤60%	$375	$3,764/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?