Why are rates different for different LVRs?

Lower LVRs mean less risk for lenders, so they offer better rates. You'll often see breaks at 60%, 70%, and 80% LVR. Below 80% means no LMI and access to the best rates.

What's the difference between advertised and comparison rates?

The advertised rate is just the interest. The comparison rate includes most fees (establishment, ongoing) to show the true cost. Always compare using comparison rates - it's required by law for a reason.

Live Rate Scanner

AI + Live Data

Compare real-time rates from 50+ Australian lenders matched to your situation

Free to useNo data storedReal-time dataAI insightsUpdated: February 2026

Our Live Rate Scanner searches across 50+ Australian lenders in real-time to find the best rates for YOUR situation. Unlike static comparison tables, we factor in your LVR, loan type, and feature requirements to show rates you'll actually qualify for.

Enter Your Details

Real-World Examples

First Home Buyer Rate Search

Sam is buying at 85% LVR, $600,000 loan, needs offset account, owner occupier P&I.

Inputs:

loanAmount:600,000lvr:85loanType:Owner Occupier P&I

Best rates with offset at 85% LVR: 5.99-6.15% (comparison 6.05-6.25%). About $120/month cheaper than Big 4 banks.

Investor Searching for Fixed Rate

Chen has an investment property, wants to fix at 70% LVR on $420,000 loan.

Inputs:

loanAmount:420,000lvr:70loanType:Investor P&I

3-year fixed investor rates: 6.29-6.49% at 70% LVR. Variable comparison: 6.70-6.90%. Fixing saves ~$170/month for 3 years.

Frequently Asked Questions

Glossary

Comparison Rate

A rate that includes both interest and most fees, giving the true cost of a loan. Required by law to be shown alongside advertised rates.

P&I (Principal & Interest)

Repayment type where you pay both the loan amount and interest, reducing your debt over time. Most common for owner occupiers.

IO (Interest Only)

Repayment type where you only pay interest for a set period. Loan balance doesn't reduce. Common for investors seeking tax deductions.

Related Tools

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Fixed vs Variable Analysis

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Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Interest rates, fees, and policies change frequently. Always verify information with lenders directly. This is general information, not personal financial advice. Consider seeking advice from a licensed mortgage broker or financial advisor.

Last updated: February 2026