Top Mortgage Lenders in Australia
Australia's mortgage market is one of the most diversified in the world. There are many different options and providers for home loans, making it difficult to know where to start. Luckily, we've compiled a list of some of the top mortgage lenders in Australia. The following mortgage providers offer a variety of loan products and programs that may be perfect for your situation. Whether you're looking for a fixed rate or variable rate loan or just want to find out how much you can afford, explore this list to find the best company for you!
Commonwealth Bank of Australia
Commonwealth Bank of Australia is Australia's leading financial services provider, including retail, premium, business, institutional banking, funds management, superannuation, insurance, investment, and share-broking products and services.
Commonwealth Bank of Australia is the largest company in Australia by market capitalization and one of the largest banks in the world by market capitalization (112th as of 30 September 2018).
Commonwealth Bank is a major provider of financial services in New Zealand. It is well established in Asia, with branches in Singapore, Indonesia, and China. It has developed a strong presence in the United States by acquiring Colonial First State Investments Limited in 2000. Commonwealth Bank also offers financial services to selected markets throughout Asia and Europe.
Total Assets: 1.014 trillion AUD
Westpac Banking Corporation
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through four divisions: Consumer Bank, Business Bank, BT Financial Group (BTFG), and Westpac Institutional Bank (WIB). It offers deposits, transaction accounts, home loans, personal loans, credit cards, insurance products, investment products, superannuation solutions, and financial and strategic advisory services.
Total Assets: 906.6 billion AUD
Branches: 1,204 branches 3,222 ATMs
Australia and New Zealand Banking Group Limited
Australia and New Zealand Banking Group Limited (ANZ) is a global bank offering personal and business banking, financial planning, retirement advice, insurance, and more.
ANZ provides institutional and corporate banking services to small businesses and large corporations. ANZ's trading book provides risk management solutions for clients in the areas of currency, interest rate, commodity, and credit derivatives. ANZ Institutional also provides foreign exchange research, product development, and distribution services to corporate and institutional customers.
Australia and New Zealand Banking Group Limited: Total Assets, employees, and services offered.
Total Assets: 979 billion Australian dollars
National Australia Bank Limited
National Australia Bank Limited (NAB) is one of Australia's four largest financial institutions in terms of market capitalization and customers. NAB operates predominantly in Australia and New Zealand, with its operations spread throughout Asia, the Middle East, and Europe. NAB offers a full range of banking services, including lending, transaction accounts, savings accounts, term deposits, and financial planning.
NAB's corporate headquarters are located at Docklands in Melbourne, Victoria. Its retail arm operates as "NAB" and employs more than 35,063 staff throughout Australia, New Zealand, and worldwide.
Total Assets: 866.6 billion AUD
Macquarie Bank Limited
Macquarie Bank Limited is a financial services group that provides banking, financial advisory services, and investment banking services to retail, corporate, and institutional clients and counterparties. The Company’s segments include Corporate & Asset Finance (CAF), Banking & Financial Services (BFS), Macquarie Securities Group (MSG), Macquarie Capital (MCAP), and Macquarie Funds Group (MFG).
It offers funds management, securities brokerage, wealth management, asset management, and financing solutions to institutional, corporate, government, and retail clients.
Total Assets: nearly $33 billion.
ING Bank (Australia) Limited
ING Bank (Australia) Limited was a subsidiary of ING Group, a global financial institution of Dutch origin. It operates in Australia and New Zealand. The Australian division was the country's fifth-largest retail bank by market share.
The bank offered savings and transaction accounts, term deposits, credit cards, home loans, personal loans, margin lending, and financial planning services.
Total Assets: A$53.4 billion (2016).
Bendigo and Adelaide Bank Limited
Bendigo and Adelaide Bank Limited is an Australia-based regional bank. The Bank's primary business activities include retail banking, business banking, wealth management, and insurance. Its services include personal banking, private banking, business banking, rural banking, specialist lending, financial advice, and insurance. Its segments are Retail Banking; Business and Private Banking; Rural Bank; Financial Advice; Property Trusts and Funds Management; Insurance, and Treasury Services.
Total Assets: 72.57 billion AUD
Branches: almost 500
Suncorp-Metway Limited was a bank based in Brisbane, Australia. It was formed by the merger of Suncorp and Metway Bank in 1996. In 2008, it merged with GIO Australia and became Suncorp-Metway Ltd. Suncorp Financial Planning changed its name to Financial Wisdom Limited.
Suncorp Bank is one of Australia's top 10 banks and has more than 1 million customers. The bank offers a range of banking products and services, including savings accounts, cheque accounts, term deposits, home loans, personal loans, car loans, credit cards, business banking products, and internet banking services.
Total Assets: 97,038 billion AUD
Bank of Queensland Limited
Bank of Queensland Limited is one of the major banks in the Australian banking industry. The bank serves retail, business, and corporate customers. Its products and services range includes transactional banking, cash management, loans, mortgages, credit cards, international trade finance, foreign exchange, leasing, investments, and insurance. BOQ also provides a wide range of services through its subsidiaries, such as BOQ Finance Pty Ltd, BOQ Equipment Finance Pty Ltd, and Virgin Money Australia Pty Ltd.
The bank operates through a network of Queensland and New South Wales branches. Bank of Queensland Limited was established in 1874 by Thomas McIlwraith.
Total Assets: 55.6 billion AUD
HSBC Bank Australia Limited
HSBC Bank Australia Limited (HBA) is the largest foreign-owned bank in Australia. It is a wholly-owned subsidiary of HSBC Holdings plc headquartered in London. HBA's history can be traced to the formation of The Hong Kong and Shanghai Banking Corporation Limited in 1865.
US$2,652 billion as of 30 June 2012
HBA employs 1,850 people
HBA offers retail and commercial banking services, including personal financial services, business and corporate financial services; trade finance; cash management; payments and receivables; lending and investment, wealth management, and custodial services.
Which bank lends the most in Australia?
The Commonwealth Bank of Australia and Westpac Banking Corporation were the largest mortgage lenders with nearly 5.5 and 4.9 trillion Australian dollars in gross mortgage lending, respectively.