Top 10 Mortgage Lenders in Queensland

Our ranking of 10 home loan lenders most relevant to Queensland borrowers. Score combines the lender's lowest variable rate, our editorial rating, and home-state presence in QLD. We do not weight by affiliate status — see our editorial standards and disclosure. General information only.

  1. 1.
    Heritage Bank
    credit union · HQ QLD
    6.09% p.a. variable
    ★ 4.1 / 5

    Queensland's largest customer-owned bank, merged with People's Choice in 2023 to form People First Bank.

    HQ in QLD · Strong local presence$500k / 30y / mo: $3,027Read full review →
  2. 2.
    RACQ Bank
    credit union · HQ QLD
    6.04% p.a. variable
    ★ 3.8 / 5

    QLD motoring-club-backed bank, merging into Bendigo Group as at 2024.

    HQ in QLD · Strong local presence$500k / 30y / mo: $3,011Read full review →
  3. 3.
    Suncorp Bank
    bank · HQ QLD
    6.14% p.a. variable
    ★ 3.9 / 5

    QLD-based, now part of ANZ Group following the 2024 acquisition. Strong QLD/NSW investor presence.

    HQ in QLD · Strong local presence$500k / 30y / mo: $3,043Read full review →
  4. 4.
    Macquarie Bank
    bank · HQ NSW
    5.79% p.a. variable
    ★ 4.6 / 5

    Macquarie has been the headline aggressive variable-rate competitor since 2022 and routinely undercuts the Big 4.

    Sharpest variable rate$500k / 30y / mo: $2,931Read full review →Visit Macquarie Bank
  5. 5.
    ING
    digital · HQ NSW
    5.84% p.a. variable
    ★ 4.5 / 5

    Branch-light digital bank that has consistently priced near the front of the variable-rate market.

    Sharpest variable rate$500k / 30y / mo: $2,947Read full review →Visit ING
  6. 6.
    Unloan
    digital · HQ NSW
    5.84% p.a. variable
    ★ 4.4 / 5

    CBA-incubated digital refinance lender with auto-decreasing LVR margin.

    Sharpest variable rate$500k / 30y / mo: $2,947Read full review →Visit Unloan
  7. 7.
    Athena Home Loans
    non bank · HQ NSW
    5.84% p.a. variable
    ★ 4.5 / 5

    Non-bank lender with a refinance-first model; rates automatically reduce as the loan amortises.

    Sharpest variable rate$500k / 30y / mo: $2,947Read full review →Visit Athena Home Loans
  8. 8.
    ubank
    digital · HQ VIC
    5.89% p.a. variable
    ★ 4.4 / 5

    NAB-owned digital lender; Home Loan combines competitive variable rates with NAB-grade backing.

    Sharpest variable rate$500k / 30y / mo: $2,962Read full review →Visit ubank
  9. 9.
    Tic:Toc
    non bank · HQ SA
    5.89% p.a. variable
    ★ 4.3 / 5

    South Australian fintech with instant assessment workflows; backed by Bendigo Bank.

    Sharpest variable rate$500k / 30y / mo: $2,962Read full review →Visit Tic:Toc
  10. 10.
    Up
    digital · HQ VIC
    5.95% p.a. variable
    ★ 4.2 / 5

    Bendigo-backed app-only neobank; Home Loan product launched in beta during 2023.

    Competitive variable rate$500k / 30y / mo: $2,982Read full review →

How we ranked these QLD lenders

For each lender we calculated a score using three signals:

  • Lowest variable rate (0–2.5 points) — inverted against the field, so the sharpest rate gets the maximum bonus.
  • Editorial rating (0–5 points) — from our independent lender review.
  • Home-state presence (0–2.8 points) — bonus for HQ in QLD, community presence, or Big 4 / digital national availability.

Affiliate partnerships are not a ranking factor. The score is deterministic and reproducible from the data on our public lenders page. Rates change frequently; the ranking is reviewed periodically.

General information only. Mortgage Rate Calculator publishes editorial content and tools for general information. We do not provide credit assistance and we do not give personal financial advice. We may earn commission when you click through to some lender websites — see our affiliate disclosure. We do not receive payment from any of the brokers listed on this site. Compare rates carefully and consider seeking independent advice before deciding on a home loan.