---
title: "Bank vs non-bank home loans compared"
description: "Two banks and two non-bank lenders on the same product type — the comparison the Consumer Data Right made possible in 2026."
canonical: https://www.cdrcompare.au/comparisons/bank-vs-non-bank-home-loans
source: "CDR Compare"
language: en-AU
---

# Bank vs non-bank home loans

> Two banks and two non-bank lenders on the same product type — the comparison the Consumer Data Right made possible in 2026.

These are starting points, not recommendations. Products are never ranked or scored, providers are listed alphabetically within each set, and nothing here is financial advice.

## Side by side

| Product | Provider | Headline | Detail |
| --- | --- | --- | --- |
| Athena Power Up | Athena Home Loans | From (owner occupied): 6.39% | https://www.cdrcompare.au/brands/athena-home-loans/products/athena-power-up |
| Simple Home Loan (Owner Occupied) | CommBank | From (owner occupied): 6.34% | https://www.cdrcompare.au/brands/commbank/products/b33d5f9a08c6455cbda5c52c40e878a5 |
| Simple Home Loan | Firstmac | From (owner occupied): 6.34% | https://www.cdrcompare.au/brands/firstmac/products/fmc-simple |
| Flexi First : Our lowest online variable home loan rate (Owner Occupied) | Westpac | From (owner occupied): 5.99% | https://www.cdrcompare.au/brands/westpac/products/HLVariableFlexiOwnerOccupied |

### Athena Power Up — Athena Home Loans

Variable-rate home loan with 100% offset (up to 10 sub-accounts), free redraw, and split-loan capability. Includes AcceleRATES automatic rate reductions as LVR drops, and Automatic Rate Match for existing customers.

- **From (owner occupied):** 6.39% (6.39% comparison)

Full detail: https://www.cdrcompare.au/brands/athena-home-loans/products/athena-power-up.md

### Simple Home Loan (Owner Occupied) — CommBank

A simple home loan with a competitive variable rate and the choice to access two Everyday Offset Accounts.

- **From (owner occupied):** 6.34% (6.59% comparison)

Full detail: https://www.cdrcompare.au/brands/commbank/products/b33d5f9a08c6455cbda5c52c40e878a5.md

### Simple Home Loan — Firstmac

Firstmac’s Simple Home Loan is a no‑frills mortgage designed for straightforward home financing, offering competitive variable rates with principal and interest repayments only. Borrow up to $2,000,000 (up to 90% LVR), make unlimited extra repayments, and access funds anytime with a convenient redraw facility - all with no ongoing fees. 

- **From (owner occupied):** 6.34% (6.4% comparison)

Full detail: https://www.cdrcompare.au/brands/firstmac/products/fmc-simple.md

### Flexi First : Our lowest online variable home loan rate (Owner Occupied) — Westpac

Your double you gives you a discounted basic variable home loan rate. 

- **From (owner occupied):** 5.99% (6% comparison)

Full detail: https://www.cdrcompare.au/brands/westpac/products/HLVariableFlexiOwnerOccupied.md

## Category

Home Loans. Every provider that publishes in this category is in the directory at https://www.cdrcompare.au/.

## A different mix

This exact set is editable at https://www.cdrcompare.au/compare?p=athena-home-loans:athena-power-up,commbank:b33d5f9a08c6455cbda5c52c40e878a5,firstmac:fmc-simple,westpac:HLVariableFlexiOwnerOccupied — swap any product for another provider's.

---

Source: [CDR Compare](https://www.cdrcompare.au/comparisons/bank-vs-non-bank-home-loans) — product data published by Australian data holders under the Consumer Data Right. Not financial advice; no rankings, recommendations or affiliate relationships. Always confirm details with the provider.

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