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.

§ Tool · tier 2 · independent

Live Rate Scanner.

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

Live dataFree, no signupOn-deviceLiveupd August 2026

Inputs

Your numbers

Awaiting inputs

Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.

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.

§ Worked examples

Real-world scenarios

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: 6.24-6.34% (comparison 6.27-6.39%). About $135/month cheaper than Big 4 banks.

Investor Comparing Fixed vs Variable

Chen has an investment property, wants to compare fixed vs variable at 70% LVR on $420,000 loan.

Inputs

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

Best 2-year fixed investor rate: 6.19% at 70% LVR vs best variable 6.14%. Fixing currently costs about $14/month more on this loan - fixed rates aren't pricing in near-term RBA cuts, so fixing here only makes sense if you value repayment certainty over savings.

§ FAQ

Questions Australians ask

§ Glossary

Plain-English definitions

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.

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Fixed vs Variable Analysis

Compare which rate type suits your situation better.

How to use

01Enter your loan amount and LVR
02Select your loan type (owner occupier/investor, P&I/IO)
03Choose any features you require
04Get real-time rates matched to your criteria

Key info

Rates change daily - our search is always current
Comparison rates include fees for true cost comparison
Some lenders offer rate discounts for large loans
Online lenders often have lower rates than branches
With the RBA on hold at 4.35%, fixed rates are sitting close to (sometimes just above) variable - a sign the market isn't pricing in near-term cuts

Pro tips

Always compare using comparison rate, not advertised rate - it includes fees
Some lenders offer 0.1-0.2% discount for loans above $500k or $1M - ask specifically
Fixed rates below variable often signal markets expect rate cuts ahead
Online-only lenders typically save 0.2-0.4% but have limited branches for complex situations

Avoid these

Comparing advertised rates which exclude annual fees and other charges
Not specifying required features upfront - offset or redraw may add to the rate
Assuming the lowest rate is best - consider features, service, and long-term pricing
Not checking investor vs owner occupier rates - investor rates are typically 0.3-0.5% higher

Disclaimer: Estimates only. Interest rates, fees and policies change frequently. Always verify with lenders directly. General information, not personal financial advice.

Last updated · August 2026