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10 home loans with the lowest interest rates

Home loan interest rates are at historic lows. (images: Getty)

After three Reserve Bank cuts this year, interest rates in Australia are at an all-time low.

Comparison site InfoChoice this week revealed that 110 variable rate home loan products for owner-occupiers are charging less than 3.3 per cent per annum.

This would have been unimaginable just a decade ago, or even five years ago.

The real estate market seems to be heating up again because of this. So if you want to get on the bandwagon you'll need to get a home loan that makes you competitive against other bidders.

Even those who already have a mortgage might consider switching.

"There’s no better time to refinance to a super low rate and the RBA has reported last week that many Aussie borrowers are doing just that," said InfoChoice chief Vadim Taube.

"If your bank is not offering you a great discounted rate, you can find alternatives that can reduce your repayments by hundreds of dollars per month really easily at the moment."

So here are the ten variable-rate, owner-occupied, principal-and-interest home loans on the market now, according to InfoChoice:

The comparison rates above are based on a $300,000 loan over 25 years. (Source: InfoChoice)

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