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 Used:

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 Used:

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

Check Refinance Savings

See if you could save by switching from your current lender.

Negotiate Your Rate

Use these rates to negotiate a better deal with your current lender.

Fixed vs Variable Analysis

Compare which rate type suits your situation better.

How to Use

1Enter your loan amount and LVR
2Select your loan type (owner occupier/investor, P&I/IO)
3Choose any features you require
4Get real-time rates matched to your criteria

Key Information

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

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 Mistakes

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: 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