The cheapest fixed and variable home loan rates on offer starting from 3.99%

Non-bank lender State Custodians is currently offering one of the lowest variable rates on the market, according to a search across mortgage comparison websites by Property Observer.

State Custodians offers a variable rate of 4.74%.

Its Peak Performance Offset home loan allows for a maximum of 80% loan to valuation ratio, and can be used as either an owner occupier or investment loan.

Variable rates may fall further if the Reserve Bank of Australia (RBA) announces a further rate cut today.

The Greater Building Society offers the lowest one-year fixed-rate home loan at 3.99%. Property Observer reported last week that it is currently the only home loan with a rate below 4%.

HomeloanHQ currently offers the lowest thee-year fixed-rate loan at 4.69%. The Rate Lock Home Loan can be used for both purchases and refinance, and allows for a 75% loan to valuation ratio.

These are the lowest advertised variable and fixed mortgage rates based on listings on mortgage comparison websites ratecity.com.au, Mozo.com.au,  infochoice.com.au and finder.com.au as of August 2:

Where the headline rate is the same, the lender with the lowest comparison rate gets preference.

Lowest variable rate offerings:

Provider	Loan name	Rate	Comparison rate*
State Custodians	Peak Performance Offset	4.74%	5.11%
UBank	UHome Loan (Refinance Only)	4.87%	4.87%
Loans.com.au	Dream Loan Express	4.87%	4.89%

Lowest one-year fixed-rate offerings

Provider	Loan name	Rate	Comparison rate*
Greater Building Society	Ultimate Home Loan package	3.99%	5.46%
Newcastle Permanent	One year fixed rate	4.39%	5.69%
UBank	UHome Loan for refinancing	4.68%	4.79%

Lowest three-year fixed-rate offerings

Provider	Loan name	Rate	Comparison rate*
HomeloanHQ	Rate Lock Home Loan	4.69%	5.19%
Resi	FlexiFix Plus 75	4.78%	5.54%
Mebank	Three year fixed (member package rate)	4.79%	5.26%

*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.

For information on refinancing, watch our free webinar The Do's and Don’ts of Refinancing Your Existing Home Loan ... and How to Avoid Unnecessary Hurdles.