Home Loans Australia - Compare 105 Lenders From 5.38% | Esteb & Co
64 Home Loan Lenders • Updated April 2026

Compare Home Loans From 105 Australian Lenders

Variable rates from 5.38%. RBA cash rate sits at 4.10% (April 2026). The average new mortgage in Australia is now $624,000. We match your income, deposit, and credit profile against 64 home loan lenders to find the right one — not just the cheapest.

64
Home Loan Lenders
5.38%
Variable Rates From
95%
Max LVR Available
See Your Lender Matches → View Current Market Data

🔒 No credit check at initial stage • 2-minute assessment • No cost to you* | *We're paid by lenders when your loan settles

Important Information

Esteb and Co provides credit assistance services. We are licensed credit representatives (ASIC Credit Rep #574070) who help you compare loan options from our panel of lenders. We do not lend money directly. All loan approvals are made by lenders, subject to their criteria and responsible lending assessments. Our service is free to you - we receive commissions from lenders. Read our Credit Guide

📊 LIVE MARKET DATA — APRIL 2026

Where The Australian Home Loan Market Stands Right Now

Data sourced from RBA, ABS, and our panel of 105 active lenders. Updated monthly.

RBA CASH RATE
4.10%
Held since March 2026
LOWEST VARIABLE RATE
5.38%
Bank Australia (owner-occ)
AVG NEW MORTGAGE
$624k
ABS Jan 2026
FIRST HOME BUYER SHARE
28%
of new loans (ABS)

Median House Prices by Capital City

ABS Residential Property Price Index — December 2025 quarter

$1.2M $900k $600k $300k $0 $1.12M Sydney $835k Melbourne $850k Gold Coast $780k Brisbane $720k Adelaide $680k Perth $620k Hobart $560k Darwin

Source: ABS Residential Property Price Indexes, Cat. 6432.0 — Dec 2025 quarter

RBA Cash Rate (24 months)

From 4.35% peak to current 4.10%

4.5% 4.25% 4.0% 3.75% 3.5% 4.10% Apr 24 Apr 25 Apr 26

Source: RBA Statistical Tables F1.1

Variable Rate Distribution

Across 64 home loan lenders on our panel

25 20 15 10 0 8 5.30-5.59 18 5.60-5.89 22 5.90-6.19 12 6.20-6.49 4 6.50+

Lender count by variable rate band (% p.a.)

The rate gap that costs borrowers $24,000+

On a $624,000 mortgage (the current Australian average), the difference between the lowest variable rate (5.38%) and the average rate (6.04%) over 5 years is $24,300. Most borrowers pay the higher rate because they don't compare across all 105 lenders.

See What You'd Qualify For →

Credit Assistance For Home Loan

Our algorithm works across all home loan types

🏠

First Home Buyer

Low deposit options, government grants, First Home Loan Deposit Scheme (FHLDS)

LVR up to 95%
  • ✓ Deposit as low as 5%
  • ✓ FHLDS eligible lenders
  • ✓ First home buyer grants
  • ✓ LMI calculation included
🔄

Refinancing

Lower your rate, consolidate debt, access equity, switch from interest-only

Compare current vs new
  • ✓ Rate comparison calculator
  • ✓ Break cost analysis
  • ✓ Equity calculation
  • ✓ Debt consolidation options
📊

Investment Property

Buy-to-let, interest-only options, negative gearing, portfolio expansion

Investor specialists
  • ✓ Interest-only options
  • ✓ Rental income assessed
  • ✓ Multiple property support
  • ✓ Tax-effective structures
🏗️

Construction Loan

Build new home, knockdown rebuild, land + construction packages

Progressive drawdown
  • ✓ Progress payment structure
  • ✓ Land + build packages
  • ✓ Builder approval support
  • ✓ Interest-only during build
🏡

Upgrading/Downsizing

Move to larger home, downsize for retirement, relocate for work

Equity unlocked
  • ✓ Equity position analysis
  • ✓ Bridging loan options
  • ✓ Portability assessment
  • ✓ Sale + purchase timing
⚠️

Credit-Impaired

Defaults, missed payments, bankruptcy discharged, low credit score

Specialist lenders
  • ✓ Non-conforming lenders
  • ✓ Credit repair guidance
  • ✓ Higher LVR available
  • ✓ Alternative documentation

How Our Comparison Process Works With Lenders

Real calculations, not guesswork

1

You Provide Your Details

Our 2-minute assessment collects:

  • • Loan amount & property value
  • • Income & employment details
  • • Credit score & existing debts
  • • Savings & deposit information
  • • Property purpose (owner-occupied/investment)
2

We Calculate Your Metrics

Our algorithm automatically calculates:

  • • LVR (Loan-to-Value Ratio)
  • • DTI (Debt-to-Income Ratio)
  • • Borrowing Power
  • • Monthly Repayments
  • • LMI (if LVR > 80%)
✓ Real-time calculations
3

We Compare Options From Our Panel

Each of 105 lenders gets scored on:

  • • 30 pts - LVR Quality
  • • 25 pts - Income Strength
  • • 25 pts - Credit Quality
  • • 10 pts - Employment Stability
  • • 10 pts - Genuine Savings
  • • +15 pts - Specialty Bonuses
✓ 100-point match score
4

Review Indicative Options

See your matches categorized by quality:

  • 🌟 Recommended (70%+ match)
  • ✓ Possible (50-69% match)
  • ? Near Matches (shows requirements)

Each lender shows:

  • • Indicative match score
  • • Estimated approval likelihood (75-95%+)
  • • Indicative rate estimate (not advertised rate)
  • • Monthly payment amount
  • • Why they're a good match for you
Start Home Loan Assessment →

Understanding Your Home Loan Metrics

We calculate these automatically—here's what they mean

📊 LVR (Loan-to-Value Ratio)

Formula: (Loan Amount ÷ Property Value) × 100

Example: $400K loan ÷ $500K property = 80% LVR

Why it matters:

  • <80% LVR: No LMI, best rates, most lenders
  • 80-90% LVR: LMI required, good lender options
  • 90-95% LVR: Higher LMI, specialist lenders
  • >95% LVR: FHLDS or limited options

Our algorithm: Calculates your LVR and matches you with lenders who accept your ratio. Scores 30 points based on LVR quality.

💰 DTI (Debt-to-Income Ratio)

Formula: (Monthly Debts + Loan Payment) ÷ Monthly Income × 100

Example: $4,500 total ÷ $8,000 income = 56% DTI

Why it matters:

  • <30% DTI: Excellent - rate discounts available
  • 30-40% DTI: Good - most lenders comfortable
  • 40-50% DTI: Moderate - some rate premiums
  • >50% DTI: Higher risk - specialist lenders

Our algorithm: Calculates DTI automatically (many brokers don't!). Applies rate adjustments based on your ratio. Scores 25 points for income strength.

💳 Credit Score Impact

Credit score ranges:

  • 800+ (Excellent): -0.30% rate discount available
  • 700-799 (Very Good): -0.15% rate discount
  • 600-699 (Good): Standard rates
  • 500-599 (Fair): +0.50% rate premium
  • <500: Specialist lenders, +1.00%+

Why it matters:

Traditional brokers show you advertised rates. We show you the personalized rate you're likely to get based on your credit profile.

Our algorithm: Applies actual rate adjustments based on credit score. Worth 25 points in match scoring.

Our Home Loan Lender Network

64 home loan lenders across 4 categories — including 80 that accept guarantors and 39 that work with adverse credit

🏦 Major Banks (Big 4)

Commonwealth Bank Westpac NAB ANZ

Rate range: 6.04% – 6.49%
Best for: LVR under 80%, credit score 700+, PAYG employment, clean files

🏦 Regional & Online Banks (16)

Bank Australia Bank of Sydney Macquarie ING ubank AMP Bank Bankwest BOQ Bendigo Suncorp Heritage +5 more

Rate range: 5.38% – 5.99% (lowest on panel)
Best for: Competitive variable rates, LVR up to 90%, investment properties

🏦 Customer-Owned & Mutuals (24)

Queensland Country Bank Hume Bank BCU Firefighters Mutual Health Pro Bank People's Choice Teachers Mutual Police Bank +16 more

Rate range: 5.49% – 6.19%
Best for: Profession-specific deals (teachers, nurses, police), member benefits, sharper rates than the Big 4

🏦 Non-Bank & Specialist Lenders (20)

Athena Pepper Money Liberty Financial La Trobe Resimac Firstmac Bluestone RedZed Wisr Granite +10 more

Rate range: 5.84% – 7.95%
Best for: Self-employed (low doc), credit issues, defaults, high LVR (95%+), non-standard income, complex situations

Panel as of April 2026 — 64 home loan lenders, 80 that accept guarantors, 39 that work with adverse credit. Rates and criteria subject to change. Source: AFG lender matrix + our policy database.

Real Example: See What You'd Get

Actual matching results from our algorithm

Example Applicant Profile

  • Loan Amount: $650,000
  • Property Value: $800,000
  • LVR: 81.25%
  • Annual Income: $150,000
  • Credit Score: 800 (Excellent)
  • Employment: PAYG - 5 years
  • Existing Debts: $1,500/month
  • Savings: $200,000
  • DTI: 44.87%

✅ Algorithm Results

  • Recommended Lenders: 27 (avg from real applications)
  • Top Match: Bank Australia (94% match — owner-occ)
  • Estimated Approval Likelihood: 95%+ (Indicative - subject to lender assessment)
  • Indicative Rate: 5.38% (lowest on panel)
  • Rate Adjustment: -0.05% (excellent credit discount)
  • Monthly Payment: $3,634 (P&I, 30 years)
  • Processing Time: 3-7 days
  • LMI Required: Yes (~$7,800 — LVR 81.25%)

Why this works: Strong income (3.8x minimum requirement), excellent credit score, good LVR, stable employment, and substantial savings all contribute to high match scores.

Our Commitment

We are committed to providing thorough comparisons across our lender panel. If you believe we have missed a suitable option, please contact us and we will review your circumstances. All recommendations are indicative only and subject to lender approval.

Common Questions

Q: How accurate is your approval probability?

A: Our algorithm calculates approval probability based on 6 weighted factors that lenders actually use in their assessments. While we can't guarantee approval (only lenders can), our probability indicators are based on: LVR limits, DTI thresholds, credit score requirements, employment criteria, and genuine savings policies from each lender's actual lending criteria.

Q: What if my LVR is over 80%?

A: Our algorithm automatically factors in Lenders Mortgage Insurance (LMI) and matches you with lenders who accept higher LVRs. We show you the total cost including LMI, and compare options like the First Home Loan Deposit Scheme (FHLDS) which can help you avoid LMI with only 5% deposit.

Q: I'm self-employed. Will your algorithm work for me?

A: Yes! Our algorithm includes specialty matching bonuses. Self-employed applicants get matched with lenders like Liberty Financial who specialize in alternative income verification. We calculate your income differently and match you with lenders who accept 1 year of financials instead of requiring 2+ years.

Q: How is this different from a rate comparison site?

A: Rate comparison sites show advertised rates for everyone. We calculate YOUR personalized rate based on your credit score, LVR, DTI, and profile. We also show you approval probability and match confidence—not just a list of rates you might not qualify for.

Q: Do you charge fees?

A: No. Our service is provided at no cost to you. We receive commission from lenders when your loan settles. This doesn't affect your rate—lenders pay us the same commission whether you come to us or go direct to them. The difference is you get our technology and expertise for free.

Q: What documents do I need?

A: For the 2-minute assessment, you don't need any documents—just basic information you'll already know. If you proceed with an application, typical documents include: payslips (last 3 months), bank statements (3-6 months), ID, proof of savings/deposit, and employment letter. We'll give you a specific checklist based on your situation and chosen lender.

Ready to Explore Your Home Loan?

Compare options from 105 lenders on our panel

Start Your Home Loan Assessment →

2 minutes • No credit impact • No cost to you • 105 lenders compared

Ricky Esteb - Licensed Mortgage Broker
Richard (Ricky) Esteb
Licensed Mortgage Broker & Founder
Credit Rep #574071 ACN 681 636 056 83+ Lender Panel

With direct experience helping Australians secure home loans, car finance, and business funding, Ricky founded Esteb and Co to bring transparency and technology to mortgage broking. Every piece of content is written from real-world lending experience.

✓ Verified & Last Reviewed: December 2025 | Content meets ASIC regulatory requirements

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