7 of the best home loan deals right now

Multiple lenders now scrap for suitable people to lend money to, and offer a range of attractive, made-to-measure home loan deals.

Once upon a time, banks occasionally loaned money to their customers. But the banks made them work hard for it. Applicants had to be long-term customers who had saved a large deposit and proved beyond doubt they were capable of paying the loan back. Back then, not so long ago, consumers had little choice when it came to home loan deals. The banks had one option, maybe two, and even the most loyal customers were told to either take it or leave it. Many were told “application denied”. Everything was on the banks’ terms. Their customers had almost no power. Times have changed; the banks’ fairytale has fractured. Multiple lenders now scrap for suitable people to lend money to, and offer a range of attractive, made-to-measure home loan deals. Transparency is king. The ability for borrowers to also find loan products that fit their needs precisely through UNO home loans means power is now in their hands. Phillip Jiang, mortgage coach at UNO, says lenders are offering products that are much better at meeting the needs of individual homebuyers and investors. “These days, lenders are much more flexible with their products,” he says. “What they do is relate interest scaling to the risk – the more risky the loan, the higher the rates. They have also diversified their products to cater for market demand.” Jiang has identified seven lenders offering great home loan deals for the right borrower, right now:

1: Qudos Bank Low Cost Home Loan

Notable features: 3.89 per cent interest rate (comparison rate also 3.89 per cent*), no fees, up to 95 per cent of property value price can be borrowed (plus Lender Mortgage Insurance) for owner-occupiers. This may be an ideal home loan deal for first-home buyers with a small deposit. “With the big four banks, the maximum you can borrow is 92 per cent of the property value,” Jiang says. “And while the big four banks are all around 4.4-4.5 per cent [interest rate], this one is 3.89 per cent and Qudos doesn’t charge fees.” Need a home loan?UNO. The new way to get a better deal. Get Started

2: Westpac/St George Family Pledge

Notable features: up to 105 per cent of purchase price can be borrowed, no income/credit check required for guarantors. Other lenders require guarantors to prove income and assets, but not Westpac or St George. “Guarantors provide an equity guarantee only,” Jiang says. The Family Pledge arrangement is available on all of their loans.

3: AMP and Homeloans Ltd

Notable feature: Owner/occupier interest rate available for investment loans. This deal is for investors using their home as security for a loan. “All other banks determine the rate according to the purpose,” Jiang says. “If it’s for an investment, they usually charge at an investment rate. Not this one.” How much can I save by refinancing?Use UNO's calculator to estimate your savings. Calculate Savings

4: Macquarie Bank Home Loan

Notable feature: Allows up to $1 million equity to be released (if the loan-value ratio is greater than 80 per cent). “Macquarie allows cash out up to $1 million, as long as the borrower has a reasonable purpose,” Jiang says. “If you have an unencumbered house worth $2 million, you can go to Macquarie Bank and say ‘I want $1 million to buy a boat or holiday house’. If, after their checks, everything is in order, they will say ‘fine’.”

5: NAB Home Loan and Banking Bundle

Notable feature: $1500 cashback for borrowers. “This is a refinancing incentive,” Jiang says. “It goes straight into the borrower’s account after settlement.”

6: Liberty Financial

Notable feature: First-home buyers can borrow up to 95% of property value. Liberty lends enough to cover the deposit and stamp duty, and even rolls the Lenders Mortgage Insurance into the loan amount. “You just have to show you have 5 per cent – even if it’s borrowed, via credit card or personal loan,” Jiang says. How much can I borrow?Use UNO's calculator to estimate your borrowing capacity. Calculate Now

7: Pepper Money

Notable feature: Temporary residents can borrow up to 95% of property value to buy their first home with an Australian spouse/partner. “It has to be a couple – even those in a de-facto relationship,” Jiang says. “It’s the only one we know that does it.” Readers should seek advice before making any financial decisions. Photo: Getty *Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. Book a call in with UNO

5 stars for our service reviews from clients

Book Call Now

UNO home loans

Try Plans, by UNO
Mortgage calculators completely reimagined
Get Started
Considering a purchase or refinance?

Try Plans by UNO

Mortgage calculators completely reimagined
Get Started
☎️ 🚫 No cold call promise

Related Articles

TESTIMONIALS

What our customers are saying

John Carlo Penaflor
June 24, 2025
5 stars for our service reviews from clients
Amazing service from Scott. Efficient, clear and fast. Got my homeloan refinanced in record time.
Read more
Rebekah Tolmachoff
June 24, 2025
5 stars for our service reviews from clients
We had a fantastic experience working with Paul at Uno. From start to finish, he was professional, attentive, and genuinely cared about us and our situation. He kept in touch throughout the entire process, always keeping us informed and making everything feel simple and stress-free. Nothing was ever too much trouble, and his support made a big difference. Highly recommend Paul to anyone looking for a reliable and caring broker!
Read more
Sally MacKenzie
June 10, 2025
5 stars for our service reviews from clients
We chose Uno Home Loans from their impressive web site knowing we were going to find it hard, on many fronts, to qualify for a home loan. We were incredibly fortunate to be assigned Mike Parsons as right from the get-go, despite the complexities, he hit the ground running for us. He was incredibly knowledgeable, with years of experience but what was immediately apparent and impressive was that he was totally invested in getting us over the line, doing absolutely everything possible, including working around the clock. Despite it being a relatively small loan in the order of things, Mike never missed a beat, getting docs ready, following up and answering every request from the proposed funder immediately. He kept us informed on progress the minute anything happened, and again if anything needed to be done, he was right on it. In short, we highly recommend Uno, and Mike, knowing what a remarkable job he did, over many weeks, to get us our loan. He got us a great deal, with far better rates than we expected, so we couldn't be happier. In fact, without doubt, you'd be hard pressed to find a more personable, sharp, hard working, dedicated professional who clearly prides himself on getting his customers standout results.
Read more
Dylan Aubrey
May 31, 2025
5 stars for our service reviews from clients
Jesse did a great job with helping me secure my loan, will be using him again in the future
Read more
Tom Deal
May 30, 2025
5 stars for our service reviews from clients
This is the second time I’ve worked with Mike Parsons, and I wouldn’t go anywhere else for mortgage advice. He’s extremely knowledgeable, responsive, and always happy to help. Mike takes a consultative approach, presenting clear options and making the whole process stress-free. Friendly, professional, and genuinely invested in getting the best outcome. Highly recommend and will definitely use him again!
Read more
ShelleyGawith Functional Nutrition
May 27, 2025
5 stars for our service reviews from clients
Paul was amazing to work with. He went out of his way to help us with every last question. He sorted everything out for us, was a wealth of knowledge in terms of who else to use to support us in the buying process. He made moving from New Zealand so easy. He explained everything to us in an easy to understand way. He really worked for us!!! Plus he's such a lovely funny guy, super approachable. Super responsive, has a great team. Totally took care of us in the whole process. I can't wait to use Paul again and would recommend him to every kiwi moving over and all our aussie friends :)
Read more
Matt Carter
May 21, 2025
5 stars for our service reviews from clients
Paul from Uno has been amazing. Made it so easy! Highly recommend and made the finance process much more enjoyable experience for us.
Read more
Timothy Semsarian
May 17, 2025
5 stars for our service reviews from clients
UNO went above and beyond to help my wife and I with our home loan and settlement. Couldn’t recommend them enough - Jake Wood was an absolute legend! Kept us informed during the whole process and was very thorough with his work, even with a very tight timeframe. Thank you again for all your help, and looking forward to continue using your services!
Read more
Patti Jo Mogensen
May 16, 2025
5 stars for our service reviews from clients
100% Rockstar. We found Paul and Uno Home Loans from recommendations from people who had used his services. We know understand why he comes so highly recommended. We definitely put Paul and his team under pressure due to an oversight our end which meant that he had to don his superman cape and work miracles for us. We didn't appreciate the very very short window we created for ourselves (think less than two weeks for settlement). Paul was able to wave his magic wand, come up with multiple solutions to our situation and make it all happen seamlessly. It goes without saying then, without reservation that we recommend Paul and his team as our trusted mortgage advisor! Thanks again Paul. *****The limoncello is on route we promise :)
Read more
Lani Wards
May 13, 2025
5 stars for our service reviews from clients
Paul Davey worked very hard to get us the mortgage we required for our investment property. He is knowledgeable and approachable. Thanks Paul!
Read more
Michael Badham
May 13, 2025
5 stars for our service reviews from clients
Our entire process with Uno went very well. We had a unique set of requirements for our loan and our super friendly broker Mike Parsons managed to secure us the perfect outcome. Mike also worked above and beyond our expectations to make sure the whole process of completing the documentation of switching banks went smoothly.
Read more
Vanessa Koster
May 13, 2025
5 stars for our service reviews from clients
The service recieved from Paul was fantastic. He made the whole process stress free & easy. We started the process from NZ & Paul had everything ready for approval as soon as we landed in Aus. I would highly recommend Paul if you require a mortgage. You won't be dissapointed.
Read more