RateGapevery home loan rate lenders publish, compared
What investors and interest-only borrowers pay on top
Within one product at one lender: how far the advertised rate for an investment loan, or an interest-only one, sits above a loan to live in and pay down.
Justin Wong, first published 1 October 2026. The figures are read again every morning.
Rates checked Monday 2 November at 7:01 am (Sydney time) · browse all the data
At the same lender and in the same product, an investment loan's advertised variable rate sits a median 0.15 points above its loan to live in and pay down. That is across 70 lenders that advertise both, read Monday 2 November. On $500,000, 0.15 points is about $750 a year in interest.
An interest-only loan sits a median 0.30 points above paying it down, across 62 lenders. On $500,000, that is about $1,500 a year.
The median hides a wide spread. For investors, 3 lenders charge the same and no lender charges half a point or more. For interest-only, 4 lenders charge the same and 19 lenders charge half a point or more.
How the premium is spread
| Gap to a loan to live in | Investment | Interest only |
|---|---|---|
| Lower by 0.05 or more | 1 | 0 |
| The same, within 0.05 | 3 | 4 |
| Up to a quarter point higher | 48 | 16 |
| A quarter to half a point higher | 18 | 23 |
| Half a point higher or more | 0 | 19 |
Lender by lender
| Lender | Investment | Interest only | ||
|---|---|---|---|---|
| From and to | More | From and to | More | |
| AAA FINANCIAL CORPORATION | 5.69% to 5.69% | +0.00 | 5.69% to 5.69% | +0.00 |
| AFG Align | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| AFG Commercial | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| AFG Home Loans - Retro | 6.74% to 7.04% | +0.30 | 6.74% to 7.04% | +0.30 |
| AFG Home Loans Alpha | 6.34% to 6.49% | +0.15 | 6.34% to 7.58% | +1.24 |
| AMP - My AMP | 6.24% to 6.39% | +0.15 | not advertised | |
| ANZ | 6.64% to 6.89% | +0.25 | 6.64% to 7.88% | +1.24 |
| ANZ Plus | 6.50% to 6.80% | +0.30 | not advertised | |
| Apollo | 6.19% to 6.24% | +0.05 | 6.04% to 6.29% | +0.25 |
| Athena Home Loans | 6.24% to 6.34% | +0.10 | 6.24% to 6.49% | +0.25 |
| Aussie Activate | 6.99% to 7.19% | +0.20 | 6.99% to 7.29% | +0.30 |
| Aussie Elevate | 6.34% to 6.49% | +0.15 | 6.34% to 7.58% | +1.24 |
| Aussie Select | not advertised | 6.53% to 6.60% | +0.07 | |
| Auswide Bank Ltd | 6.29% to 6.44% | +0.15 | not advertised | |
| Bank of Melbourne | 6.54% to 6.79% | +0.25 | 6.54% to 7.54% | +1.00 |
| Bank of Queensland Limited | 6.28% to 6.38% | +0.10 | 6.28% to 8.30% | +2.02 |
| Bank of Sydney | 6.84% to 7.09% | +0.25 | 6.24% to 7.14% | +0.90 |
| BankSA | 6.54% to 6.79% | +0.25 | 6.54% to 7.54% | +1.00 |
| Bankwest | 6.44% to 6.69% | +0.25 | 6.44% to 7.59% | +1.15 |
| Bendigo Bank | 6.34% to 6.39% | +0.05 | 6.34% to 7.48% | +1.14 |
| Bluestone Home Loans | 6.84% to 7.14% | +0.30 | not advertised | |
| BNK Bank (Goldfields Money/BCHL) | 6.30% to 6.50% | +0.20 | not advertised | |
| BOQ Specialist | 8.27% to 8.34% | +0.07 | 8.27% to 9.03% | +0.76 |
| CommBank | not advertised | 6.34% to 6.83% | +0.49 | |
| Connective Advance | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| Connective Athena | 6.44% to 6.49% | +0.05 | 6.29% to 6.54% | +0.25 |
| Connective Complete | 7.07% to 7.27% | +0.20 | 7.07% to 7.17% | +0.10 |
| Connective Elevate | 6.84% to 7.14% | +0.30 | not advertised | |
| Connective Select | 6.34% to 6.49% | +0.15 | 6.34% to 7.58% | +1.24 |
| Darling Downs Bank | 8.35% to 8.50% | +0.15 | 6.64% to 6.74% | +0.10 |
| Dnister | 6.70% to 6.90% | +0.20 | not advertised | |
| Finsure Thrive | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| First Option Bank | 5.99% to 6.24% | +0.25 | 5.99% to 6.19% | +0.20 |
| Firstmac | 6.58% to 6.79% | +0.21 | 6.69% to 7.14% | +0.45 |
| homeloans.com.au | 6.64% to 6.79% | +0.15 | 6.64% to 6.94% | +0.30 |
| Homestar Finance Pty Ltd | 5.93% to 6.23% | +0.30 | 5.93% to 6.33% | +0.40 |
| IMB Bank | 6.04% to 6.34% | +0.30 | 6.04% to 6.34% | +0.30 |
| ING BANK (Australia) Ltd | 6.29% to 6.39% | +0.10 | 6.29% to 6.69% | +0.40 |
| Judo Bank | 8.90% to 8.90% | +0.00 | 8.90% to 8.90% | +0.00 |
| LJ Hooker Home Loans | 6.58% to 6.79% | +0.21 | 6.69% to 7.14% | +0.45 |
| loans.com.au | 6.19% to 6.49% | +0.30 | 6.29% to 6.54% | +0.25 |
| Macquarie Bank Limited | 6.29% to 6.39% | +0.10 | 6.29% to 6.59% | +0.30 |
| MCCA | 6.43% to 6.66% | +0.23 | 6.43% to 6.55% | +0.12 |
| ME Bank - ME Go | 6.24% to 6.43% | +0.19 | 6.24% to 8.42% | +2.18 |
| Mortgage Choice Amplify | 6.84% to 7.14% | +0.30 | not advertised | |
| Mortgage Choice Freedom | 6.14% to 6.19% | +0.05 | 5.99% to 6.24% | +0.25 |
| Mortgage Choice Ignite | 6.99% to 7.19% | +0.20 | 6.99% to 7.29% | +0.30 |
| Mortgage Ezy | 6.99% to 6.99% | +0.00 | 6.99% to 7.19% | +0.20 |
| Mortgage House | 6.39% to 6.14% | −0.25 | not advertised | |
| MoveBank | 5.99% to 6.14% | +0.15 | 5.99% to 5.99% | +0.00 |
| MyState Bank | 6.04% to 6.19% | +0.15 | 6.04% to 6.49% | +0.45 |
| NATIONAL AUSTRALIA BANK | 6.29% to 6.45% | +0.16 | 6.29% to 6.94% | +0.65 |
| NRMA Home Loans | 6.19% to 6.57% | +0.38 | 6.19% to 7.27% | +1.08 |
| ORDE Financial | 6.99% to 7.14% | +0.15 | 6.99% to 7.29% | +0.30 |
| Paramount Edge | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| Pepper Money | 6.99% to 7.19% | +0.20 | 6.99% to 7.29% | +0.30 |
| Qantas Money Atlas Home Loans | 6.27% to 6.42% | +0.15 | 6.27% to 6.67% | +0.40 |
| Qantas Money Basic/Offset Home Loans | 6.28% to 6.39% | +0.11 | 6.28% to 7.34% | +1.06 |
| Qudos Bank | 6.38% to 6.59% | +0.21 | 6.38% to 6.63% | +0.25 |
| Rate Money Elevate | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| RedZed | 7.07% to 7.27% | +0.20 | 7.07% to 7.17% | +0.10 |
| Regional Australia Bank | 6.14% to 6.34% | +0.20 | 6.14% to 6.39% | +0.25 |
| Resimac | 6.39% to 6.59% | +0.20 | 6.39% to 6.39% | +0.00 |
| St.George Bank | 6.54% to 6.79% | +0.25 | 6.54% to 7.54% | +1.00 |
| Thinktank | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| Thinktank by LMG | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| Tiimely Home | 6.20% to 6.52% | +0.32 | 6.20% to 7.32% | +1.12 |
| Unloan | 6.14% to 6.29% | +0.15 | not advertised | |
| Up | 6.20% to 6.35% | +0.15 | not advertised | |
| Virgin Money | 6.09% to 6.24% | +0.15 | 6.09% to 8.67% | +2.58 |
| Westpac | not advertised | 6.24% to 6.93% | +0.69 | |
| YBR Lending Solutions | 7.03% to 7.13% | +0.10 | 7.03% to 7.23% | +0.20 |
| Zeus | 6.08% to 6.38% | +0.30 | 6.08% to 6.48% | +0.40 |
What this does not say
- These are advertised rates, not offers. A lender can price an investment loan differently when you apply, and can say no.
- Each pair is one product, so the comparison is like for like. A lender whose investment or interest-only loan is a different product has no pair here. Fees and limits are not in the rate.
- A large gap often means one loan has a discounted rate and the other has none published. Each rate is the product's lowest advertised line for that loan, so a discount published for one loan and not the other shows up here as a premium. The median and the middle half are little moved by it.
- Interest-only usually runs for a set term. It then reverts to paying the loan down. The comparison rate shows that cost. This page uses the advertised rate.
- It does not say whether a premium is fair, or what anyone should do about one. It does not rank lenders.
Variable rates today, what lenders charge above 80%, and your own rate, read against all of it.
How this is worked out, and what it does not tell you
How it is worked out
- Rates come from each lender's own feed under the Consumer Data Right, read each morning. Nobody types one in.
- A rate counts only if anyone could take it. Loans for particular groups, and lenders the capture cannot reach, are left out.
- Each loan counts once per profile, at its lowest advertised rate.
- Each lender is compared with itself, within one product. Of its products that advertise both loans, the one with the lowest rate for a loan to live in and pay down is the pair. Only loans anyone could take are counted.
- The gap is the other loan's rate less that one, in percentage points. A gap under 0.05 is counted as the same.
What it does not tell you
- Advertised rates, not offers. A lender can say no.
- New-customer prices. What existing customers pay is published nowhere.
- The rate is not the cost. Fees sit outside it. What a comparison rate adds.
The data is free to download, so any figure here can be checked.
Free, and not advice. It knows only what the lender publishes, not what you could negotiate. A licensed broker does this for a living. Who made this. What this site collects.
More from the data
Building something with this? There is an API, and the data is free.
This morning: the market, variable rates, fixed rates and what moved this week.
Found in the data: what lenders charge above 80%, the rate a fixed loan rolls onto and what a comparison rate adds. Also what an offset costs, and what investors pay on top.