Homeloans has cut its Ultra Plus loan for new businesses by five basis points.

The loan is now available from 4.74%. The comparison rate is 5.08% based on a $150,000 loan amount over 25 years.

Click here to find out how much you can save using Your Mortgage’s home loan calculator.

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan