“Horizon Bank has the lowest variable home loan rate”[1]
ABC News
“Horizon Bank has come up trumps with the sharpest new variable rate in the country” [2]
Australian Broker
“Horizon Bank now offers the lowest variable rate on the market” [3]
Yahoo Finance
“Horizon Bank has taken the title of the lowest variable rate lender in the market with a first home buyer loan. Horizon Bank has outdone its competitors, offering a new record low variable rate” [4]
Canstar Finance News
In a significant development for prospective homeowners, Horizon Bank has been recognised for offering the lowest advertised variable home loan rate in Australia!
This competitive variable rate of 5.24%p.a. is specifically tailored for first-home buyers who can provide a 30% deposit.
Financial comparison platforms have highlighted Horizon Bank's offering. Canstar reported that Horizon Bank has taken the title of the lowest variable rate lender in the market with this 5.24%p.a rate. Similarly, Mortgage Professional Australia noted Horizon Bank's emergence with the lowest advertised variable rate currently available.
In the current lending environment, many banks have adjusted their rates following the Reserve Bank of Australia's recent cash rate cut. While major banks like CBA, Westpac, NAB, and ANZ have reduced their rates, Horizon Bank's offering remains notably lower. For instance, CBA, Westpac, and ANZ have rates starting from 5.59%, but these are often limited to digital-only or refinance products.
Horizon Bank's current variable home loan rate positions it as a leader in the Australian mortgage market, especially for first-home buyers. With industry recognition and a clear commitment to customer value, Horizon Bank offers a compelling option for those entering the property market.
[1] CBA customers hit by transfer glitch, ASX finishes the day higher — as it happened - ABC News 30 May 25
[2] Lenders slash home loan rates as competition heats up | Australian Broker News Mina Martin 3 June 25
[3] CBA, NAB, ANZ pass on RBA interest rate cut today as Westpac’s $2.4 million a day ‘boon’ exposed 30 May 25
[4] Lowest variable rate hits 5.24% following rate cuts | Canstar 30 May 25
The comparison rate is calculated on a loan amount of $150,000 over a term of 25 years. WARNING: * This comparison rate is true only for the example given and may not include all fees & charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms and conditions, fees & charges apply and are available on application. Approval conditions apply. The loan is secured and the rate is variable. Owner occupied only. All borrowers must be first home buyers and must have not previously purchased property in Australia. Terms and Conditions, fees & charges may apply & are available on request. Horizon Credit Union Limited ABN 66 087 650 173 AFSL and Australian credit licence number 240573 trading as Horizon Bank. 27 Stewart Street, Wollongong NSW 2500. Information correct at 3.6.25 subject to change.
