Owner-occupier interest-only home loan rates: 6.19%
37 lenders · as at 2 Nov 2026
The lowest advertised rate on owner-occupier loans that charge interest only is 6.19%, on the Greater Bank Limited Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied. 37 lenders have a current loan here; 8 of them sit within 25 basis points of the lowest. The median of each lender's lowest rate is 6.64%. That is 50 basis points above the lowest variable principal and interest rate (5.69%).
| 1 | Greater Bank Limited | Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied | 6.19% | 6.14% | Variable · Owner-occupier · Interest only | — | 14 | 2026-11-01 |
| 2 | Bank of us | Flexidiscount Home Loan | 6.19% | 6.19% | Variable · Owner-occupier · Interest only | 70.01–80% | 2 | 2026-11-02 |
| 3 | Gateway Bank | Allium Money Essentials IO | 6.34% | 6.34% | Variable · Owner-occupier · Interest only | — | 19 | 2026-11-01 |
| 4 | Credit Union SA | Interest Only 40 Year Home Loan Package | 6.34% | 6.70% | Variable · Owner-occupier · Interest only | 60.01–80% | 10 | 2026-11-01 |
| 5 | Zeus Credit Provided By Origin Mortgage Management | Zeus Build | 6.38% | 6.85% | Variable · Owner-occupier · Interest only | 70.01–80% | 1 | 2026-11-02 |
| 6 | Newcastle Permanent (NPBS) | Real Deal Home Loan Interest Only | 6.44% | 6.34% | Variable · Owner-occupier · Interest only | 0–80% | 4 | 2026-11-02 |
| 7 | Easy Street | STREET SMART VARIABLE HOME LOAN - OWNER-OCCUPIED (Interest Only) | 6.44% | 6.40% | Variable · Owner-occupier · Interest only | — | 1 | 2026-11-02 |
| 8 | Orange Credit Union | Premium Home Loan Fixed 24 mths Interest Only Owner Occupied | 6.44% | 6.53% | Fixed 2y · Owner-occupier · Interest only | — | 3 | 2026-11-02 |
| 9 | Unity Bank | Advantage Home Loan- Owner Occupied - Variable - Interest Only - Without Offset | 6.49% | 6.54% | Variable · Owner-occupier · Interest only | — | 7 | 2026-11-02 |
| 10 | P&N Bank | Fixed Home Loan (IO) LVR <80 | 6.49% | 6.56% | Fixed 1y · Owner-occupier · Interest only | — | 2 | 2026-11-02 |
| 11 | Horizon Bank | 1 Year Fixed Home Loan - Interest Only | 6.49% | 7.13% | Fixed 1y · Owner-occupier · Interest only | 70.01–90% | 4 | 2026-11-02 |
| 12 | BCU Bank | Fixed IO Home Loan | 6.59% | 6.52% | Fixed 1y · Owner-occupier · Interest only | — | 1 | 2026-11-01 |
| 13 | Coastline Bank | Interest Only (Owner Occupied) | 6.59% | 6.66% | Variable · Owner-occupier · Interest only | 60.01–80% | 1 | 2026-11-01 |
| 14 | Community First Credit Union | BOOST PACKAGE HOME LOAN - OWNER-OCCUPIED LVR 80% (Interest Only) | 6.59% | 6.68% | Variable · Owner-occupier · Interest only | — | 2 | 2026-11-01 |
| 15 | Firefighters Mutual BankMembers only | Your Way Plus Fixed Interest Only Home Loan | 6.64% | 6.75% | Fixed 1y · Owner-occupier · Interest only | 60.1–80% | 4 | 2026-11-02 |
The 15 lowest of 37 lenders are shown, one loan each. Ranked by advertised rate; a lower advertised rate is not always the lower comparison rate. Every loan, with exact tiers and fees, is on the full home loan board. For the Moneysmart explainers, see fixed vs variable ratesand interest-only loans (links checked 2 Nov 2026).
| Lowest rate | 6.19%: Greater Bank Limited Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied, recorded 1 Nov 2026 |
|---|---|
| Lenders in this list | 37 |
| Loans in this list | 166 |
| Median of each lender's lowest rate | 6.64% |
| Lowest to highest lender | 6.19% to 10.36% (417 basis points) |
| Lowest comparison rate | 6.14%: Greater Bank Limited Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied |
| Rates as at | 2 Nov 2026 |
| Source | Lenders' public product data (Consumer Data Right) and lender websites, as recorded by RateSonar. |
| Assistant access | Connect an AI agent at https://api.ratesonar.com; the steps for each tool are at ratesonar.com/agents. No sign-up and no key. Series calls without a key return the last 31 days. |
Common questions
What is the lowest owner-occupier interest-only home loan rate in Australia?
Among the 37 lenders in this list, the lowest advertised rate is 6.19% on the Greater Bank Limited Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied (comparison rate 6.14%), recorded 1 Nov 2026. The median of each lender's lowest rate is 6.64%.
Is the lowest rate also the lowest comparison rate?
Yes, in this list. The Greater Bank Limited Discounted Great Rate Home Loan - Variable Interest Only Owner Occupied has both the lowest advertised rate and the lowest published comparison rate (6.14%).
How does this compare with the lowest variable rate?
The lowest rate here, 6.19%, is 50 basis points above the lowest variable principal and interest rate RateSonar recorded (5.69%, Aaa Financial Corporation). Both are advertised rates recorded as at 2 Nov 2026 or earlier, not offers.
How does RateSonar choose which loans are listed?
It lists current standard home loans that state a rate and have a fresh record (evidence grade A or B). Special-purpose loans such as green, first home, SMSF, construction or bridging loans are not ranked here. Each lender appears once, with its lowest rate in this list.
Are these rates offers, and does RateSonar take applications?
No to both. These are the rates lenders advertise, with the day RateSonar recorded each one. RateSonar is not affiliated with any lender, takes no applications and has no sponsored rows. This is general information, not financial advice. Check the rate and conditions with the lender before you act.
Other home loan types
- Owner-occupier fixed6.09%
- Owner-occupier, up to 80% LVR5.69%
- Owner-occupier, up to 90% LVR5.69%
- Owner-occupier, up to 95% LVR6.19%
- Owner-occupier 1-year fixed6.19%
- Owner-occupier 2-year fixed6.09%
- Owner-occupier 3-year fixed6.24%
- Owner-occupier 4-year fixed6.49%
- Owner-occupier 5-year fixed6.49%
- Variable5.69%
Each figure is that page's lowest advertised rate. A page appears only when it has at least 8 lenders and 10 loans.