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Australia’s best home loans have just been ranked for the 2019 Mozo Expert’s Choice Awards, and the results are eye-opening. Choosing the best value home loan over the average big bank loan could save a typical borrower more than $72,000 over the life of the loan*, but with so many options available it can be hard to know where to start.

The Mozo Experts Choice judges have over 50 years of financial services experience, so it’s pretty safe to say they know a good deal when they see one. For this year’s Awards, our experts compared 436 home loans from 85 lenders and only the top 10% of products in each award category got the seal of approval.

So whether you’re looking to buy your first home or refinance and save, start off on the right foot by comparing some of this year’s best value home loans below.

Mozo Experts Choice Winning Home Loans 2019

  • Smart Home Loan

Looking for a loan that delivers big savings? Look no further than the Smart Home Loan from This ultra low rate, low fee mortgage is packed with handy features like free extra repayments, unlimited free redraw and a split rate option. actually took out the Low Cost Home Loan Award for its Essentials Variable 80 loan, but the new Smart Home Loan has an even lower rate and all the same great features as the Essentials, so we’d be crazy not to review it here.

    • New 2.88% variable rate (2.90% comparison rate*) – Apply now to get this rate from 17 October
    • $0 application or ongoing fees
    • Unlimited free extra repayments and redraw facility

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  • UBank UHomeLoan – Discount Offer

The UBank UHomeLoan is a perennial award winner, and with such great value on offer it’s not hard to see why. Being an online bank, UBank is able to offer super sharp rates and get rid of hidden costs like application and ongoing fees. The new low rate is available for loans of $200,000 or more with a minimum deposit of 20%, and the online application process is fast and easy. You’ll also have the security of knowing that UBank is backed by NAB.

    • New 2.84% variable rate (2.84% comparison rate*) – Apply now to get this rate from 29 Oct
    • No hidden fees plus free extra repayments and redraw
    • Best Low Cost Home Loan and Split Home Loan Winner

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  • Homestar Star Essentials Home Loan

Featuring one of the lowest variable rates on the market, the Star Essentials Home Loan could help you save a small fortune over the life of your loan. This no frills loan from Mozo Experts Choice winning non-bank lender, Homestar, gives owner occupiers plenty to get excited about, with $0 ongoing fees and a number of handy features such as unlimited extra repayments, free online redraws, multiple loan splits and a choice of weekly, fortnightly or monthly repayments.

    • 2.74% p.a. variable rate (2.77% p.a. comparison rate*)
    • Free extra repayments and redraw facility
    • No monthly or ongoing account fees

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  • Suncorp Back to Basics Special

The Back to Basics home loan from Mozo Experts Choice winner Suncorp delivers a competitive variable rate with minimal fees and a nice array of flexible features. There are no ongoing or establishment fees on loans of $150,000 or more, and you can make unlimited extra repayments and redraw as cashback.

    • 3.18% variable rate (3.19% comparison rate*)
    • No establishment or ongoing account fees
    • Unlimited additional repayments

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  • Well Home Loans Well Balanced

Looking for a balanced home loan with a super-low rate? Then, the Well Home Loans Well Balanced home loan might be right up your alley. Winner of a Mozo Experts Choice Award 2019 for the Best New Home Loan, this mortgage features waived fees and one of the lowest rates around.  Plus, you’ll score free extra repayments, redraw and the option for a split account, so you can customise your loan to suit you.

    • 2.97% variable rate (3.00% comparison rate*)
    • Free extra repayments and redraw facility
    • Multiple 2019 Mozo Experts Choice Award winner

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  • HSBC Discounted Home Value Loan

Proving that big banks can offer competitive value, HSBC nails it with a low rate, low fee loan that includes a range of flexible features including free extra repayments, unlimited redraw and a split rate option. HSBC’s Home Value Loan took out awards in the Low Cost Home Loan, First Home Buyer Loan and Split Home Loan categories, making it one of the year’s most impressive performers, too. And what’s more, you’ll even get a dedicated relationship manager to help you through the application process.

    • 3.17% variable interest rate (3.19% comparison rate*)
    • No upfront or ongoing fees
    • Borrow with just 10% deposit

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  • Athena Variable Home Loan

New online mortgage challenger Athena wants you to love them and leave them, offering ultra low rates to help you pay off your mortgage fast. The value-packed Athena Variable Home loan is a refinance mortgage with one of the lowest rates around plus no application, valuation or ongoing fees. The loan also offers free extra repayments and a free redraw facility. Just keep in mind, if you’re a first home buyer, you won’t be able to get this loan as it’s only for refinancers, living in capital or major regional cities.

    • 2.84% variable rate (2.80% comparison rate*)
    • Free extra repayments and redraw facility
    • No upfront or ongoing fees

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Want to compare more home loans? View the latest mortgage rates from 80 plus lenders at Mozo’s home loan comparison hub.

This is just a selection of our Mozo Experts Choice Home Loan 2019 winners. Head over to our dedicated Awards page to see the full list of winners.

The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Our judges base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity.  Product providers don’t pay to be in the running and we don’t play favourites. Award winners may choose to purchase a licence to use their award in their own marketing and may choose to list products on the Mozo website in a way that may generate revenue for Mozo.

*Loan savings based on a $400,000 owner occupier loan over 25 years with principal and interest repayments.

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.

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