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September rate review

With mortgage season officially kicking off and whispers of it being one of the biggest on record, it’s time to start taking your home-buying ideas seriously – especially if you’ve been sitting on the fence.

If you’re worried about getting slugged from the get go by application fees, don’t be: in the following list of low home loan rates, there are no application fees to be found. As per usual, always do some snooping around online and make an informed home loan comparison before you jump into any commitments.

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Lowest variable rate home loans with no application fees

Mortgage House Advantage Home Loan 80 Special

Interest rate: 3.9

The lowest rate variable home loan on, this loan comes with no application fees and also allows for a 100% offset account (another significant savings feature). You will, however, only be able to borrow a maximum LVR of 80%, and will need to address a $395 legal fee. Essentials Home Loan

Interest rate: 4.02%

This low rate is available to owner occupiers (the investment rate of this loan sits at 4.27%), and the pairing of a $220 valuation fee and $300 settlement fee may be another surprise if you haven’t done your research. Nicer surprises attached to this loan include no legal fees, unlimited additional repayments – to get that debt down sooner – and interest only options.

Greater Building Society Great Rate Variable Home Loan

Interest rate: 4.09%

This loan has no application, valuation, settlement or ongoing fees – which may be welcome news to your back pocket, especially given its low ongoing rate. However, you will need to have 20% of your total LVR saved up before you can access this loan, and while you will have access to an offset account, it’s only a partial offset account. These are important factors to weigh up when looking at your savings and repayment plans.

Lowest 3-year fixed home loans with no application fees

Newcastle Permanent Fixed Rate Home Loan

Interest rate: 4.09%

This is another loan with several slashed fees, having no application, legal, valuation, settlement or ongoing fees. This can add some wiggle-room to your home loan budget, however this will come with some serious considerations: with no offset account capabilities and an inability to freely redraw your repayments, every financial decision with this home loan will have to be made with caution.

homeloanHQ Rate Lock Home Loan

Interest rate: 4.27%

homeloanHQ is currently offering a $600 rebate on this product, which could offset the $264 valuation fee and the first year of the $330 annual fee. You will also be able to make extra repayments and redraw from this account, so there are some money management options there.

NAB Choice Package

Interest rate: 4.39%

If you don’t mind the $395 annual fee and don’t need an offset account, this loan may be a suitable contender in the three-year fixed home loan space. There are no application, legal, valuation or settlement fees attached to this loan as well as the ability to redraw your funds if you do over-commit on your repayments.

Story by Michelle Hutchison, the spokesperson for via

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