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Fixed Rate Home Loans
Posted April 13th, 2010
and last modified May 18th, 2012
If you have ever followed the movements of the official interest rates, and the predictions which come with them every month about what that movement will be you will have noticed that even the best financial analysts in Australia can’t always predict where rates are going to go on when they’re going to get there. If you want to avoid stress and worry which can come with wondering where interest rates will be on the first Tuesday of next month, then you may be perfect for a fixed rate home loan. You can elect to lock in a fixed rate home loan for set periods. View our product tables for the corresponding periods that suits you:
- 1 Year Fixed Rate Home Loans
- 2 Year Fixed Rate Home Loans
- 3 Year Fixed Rate Home Loans
- 5 Year Fixed Rate Home Loans
Featured Fixed Rate Home Loan
Apply for Loans.com.au Dream Loan Express Fixed 2 Year Fixed Rate home loan and get a low interest rate, plus no application fee, no valuation and no additional repayment fee. Offer available for a limited time only.
- Interest Rate of 5.99%
- Comparison Rate of 6.40%
- Application Fee of $0
- Maximum LVR With LMI: 80%
- Minimum Borrowing: $50,000
- Maximum Borrowing: $750,000
- Up to 5 free splits
- Unlimited free redraws and online transactions
- Free Bpay, direct credit and debit transactions
Featured Fixed Rate Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au – Dream Loan Express – 2 Year Fixed Rate |
Competitive home loan offer from Loans.com.au with a 2 year fixed interest rate. | 5.68% | 6.07% | $0 / $0 | 80% | $50,000 / $750,000 |
 
|
 Aussie Optimizer Fixed Rate Home Loan – 3 Year Fixed Rate |
A full featured home loan with a low interest rate with no application fee. | 5.99% | 6.80% | $500 / $0 | 90% | $100,000 / $2,000,000 |
|
 CUA Fixed Rate Home Loan – 3 Year Fixed Rate |
A good option to consider if you are wanting to fix in a low interest rate . | 5.89% | 6.36% | $600 / $0 | 80% | $10,000 / $5,000,000 |
|
 Newcastle Permanent Fixed Rate Home Loan – 2 Year Fixed Rate |
Split you home loan for free . Plus one of the lowest available home loan interest rates in the market. | 5.89% | 6.54% | $500 / $0 | 95% | $10,000 / $10,000,000 |
|
 State Custodians Mortgage Company Standard Fixed Home Loan – 1 Year Fixed Rate (Fix less than 50%) |
Enjoy certainty in your repayments with this great fixed rate loan. | 5.72% | 6.34% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 UBank UHomeLoan – 1 Year Fixed Rate |
A home loan offer with $0 application fee and one of the lowest available home loan interest rates in the market | 5.97% | 6.40% | $395 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Fixed Home Loan – 2 Year Fixed Rate |
Competitive home loan offer from Illawarra Home Loans with a low interest rate and no application fee. | 5.90% | 6.34% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 Homeloans ProSmart 2 year Fixed Home Loan |
Homeloans offers you a low interest rate for 2 years with no ongoing, no application fee. | 6.09% | 6.42% | $199 / $0 | 95% | $50,000 / $2,000,000 |
|
 NAB National Choice Package – 2 Year Fixed Rate |
Competitive home loan offer from Nab with a 2 year fixed interest rate. | 5.89% | 6.65% | $0 / $395 | 95% | $250,000 / $1,000,000 |
|
 MyRate Fixed Rate Home Loan – 3 Year Fixed Rate |
A secure loan offering a great rate . | 6.15% | 6.16% | $0 / $0 | 95% | $100,000 / $2,000,000 |
|
 HomeStar Fixed Rate Loan – 3 Year Fixed Rate |
No fees and no mortgage insurance to pay,plus a low interest rate. | 6.05% | 6.22% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
UBank UHomeLoan – 3 Year Fixed Rate |
A competitive 3 Year Fixed Rate home loan . | 6.08% | 6.28% | $395 / $0 | 80% | $100,000 / $1,000,000 |
|
 Easy Street Easy Home Loan – 2 Year Fixed Rate |
Apply for Easy Street fixed rate home loans and get a competitive loan with a fixed interest rate so your repayments will never change. | 6.29% | 6.57% | $500 / $0 | 95% | $100,000 / $0 |
|
 Community First Fixed Home Loan – 3 Year Fixed Rate |
A fixed rate home loan that allows you to make additional repayments during the fixed period and access to an unlimited redraw facility with no minimum redraw amount. | 6.29% | $500 / $0 | 95% | $100,000 / $1,000,000 |
|
Features Of A Fixed Rate Home Loan
A fixed interest rate option and term can be offered on a range of different home loans, and it is up to you to find the best loan with the best fixed rate and the best features for you. However to help you compare fixed interest rate home loan offers so you can make informed comparisons, considered the features you can expect from a fixed rate home loan:
- You interest rate will stay the same in the midst of official rate movements. If the Reserve Bank of Australia raises the official cash rate and your lender follows suit, if you have a fixed-rate home loan your interest rate and your repayments will stay the same.
- You interest rate is fixed for a certain term. You cannot choose a fixed rate home loan where the rate will stay the same over the entire 30 year term. Instead you will normally have the choice of a fixed rate term from one year up to 10 years, depending on the lender and the loan.
- You may not be allowed to make additional repayments. In fixing the interest rate on your home loan some lenders were also fix your repayments and so if you have extra funds to contribute to your home loan during your fixed-rate period then you may not be able to, or you may be charged to make these additional repayments.
- A fixed rate home loan can be expensive to refinance. Before you choose a fixed rate term for your home loan interest-rate make sure that your loan suits you now and into the future until the end of your fixed-rate period. If you break a fixed interest rate period on your home loan you can be in for expensive exit fees, sometimes up to as much as $30,000 so make very sure that fixing your home loan interest-rate is the right choice.
How To Decide If You Are Suited To A Fixed Rate Home Loan
If the features of a fixed interest rate appeal to you then you may be suited to theease and reliability of a fixed rate home loan. A fixed rate loan may particularly suit if you:
- Are a first home buyer. If you are a first home buyer then you probably have a long savings road ahead of you to reach the deposit you need to buy your home. As a result once your loan has settled and you are in your new home you are likely to have very few cash reserves as you have diverted them all to making a deposit payment. Therefore a fixed rate term on your home loan could suit you because it will give you reliability in your payments so you can budget each month while saving some funds too. Fixing your rate can also mean you are charged a lower rate since official rates are still in the rising portion of the interest-rate cycle.
- Are on a tight budget and need the same repayments each month. You may have a young family or you may have recently adjusted your lifestyle to work fewer hours and so it is very important that your budget remains on track and set interest rates and set repayments can help with this.
- If you are the type of person who needs security and reliability from their finances. If you are the type of person who always needs to be in control of every cent into the future and have all the information about the decisions you are making on what your finances are doing then having a fixed interest rate and fixed repayments will sue you perfectly. You can budget for the exact repayment amount each month and you don’t have to wait with bated breath for the announcement from the RBA.
If you want to be able to relax and enjoy the security of owning your own home once you have made it through the loan application process then you may choose the reliability of a fixed-rate home loan.
Related Resources
- 1 Year Fixed Rate Home Loans Comparison
A short term fixed rate loan can help you achieve your financial goals faster by keeping your home loan repayments on track. - 2 Year Fixed Rate Home Loans Comparison
A short term fixed rate loan can keep your repayments low and secure as you make the transition to owning your own home - 3 Year Fixed Rate Home Loans Comparison
- 5 Year Fixed Rate Home Loans Comparison
Related Posts
- Home Loan – 20 to 30 Year Fixed Rate
A fixed rate loan is considered a top of the line sort of loan in today's mortgage market. So many people have had issues in recent years as a result of variable rate mortgages that people are often wary trying anything other than a fixed rate home loan on for size. This is quite understandable when it is your home loan and the financial and emotional security of your family that is on the line as a result of the loan. If anything goes wrong it could spell disaster for you all. - Flexible Fixed Rate Loan Explained
Are you curious about exactly what it means to have a flexible fixed rate loan? The term does sound more than a little suspicious doesn't it? After all, the term "fixed rate" does sound…well fixed doesn't it? It doesn't imply any sort of flexibility at all. But, we all know that some degree of flexibility is a good thing – even lenders. - Get the Best Fixed Rate Loan
Fixed rate loans can be a good or bad idea, depending on the economic climate. Unfortunately, most people opt for fixed rates loans at exactly the wrong time and end up locked into a contract that they can’t get out of, except through refinancing which incurs additional costs. That’s why people need to analyse the economic climate before signing on the dotted line for home loans or personal loans with a fixed rate. After all, you don’t want to be locked in to a high rate for the next five years, minimum, do you? - How to Break a Fixed Home Loan
While breaking a fixed home loan can be expensive it can save you a lot of money. Read this article and find out how to break a fixed rate home loan. - Fixing Home Loan Interest Rate-Is it worth it?
If you are looking to get a fixed rate loan you should know whether fixing your rate is worth it. Read this article and find out about fixed rate loans and their benefits. - How to Decide Whether to Break a Fixed Rate Loan
Read this article and follow our steps that will help you determine whether you should break a fixed rate loan. - Is Now the Time to Fix your Home Loan?
With interest rates so low it is very tempting to fix the interest rate and lock in the low repayments. Read this article and find out whether now is the time to fix your home loan. - Sometimes a 30 Year Fixed Rate Mortgage is Smart
- Fixed Rate Second Mortgage
The fixed rate second mortgages are a great way to take out a second mortgage while having the peace of mind in knowing your repayments won’t change. Read this article to find out about fixed rate second mortgage and secure your future today. - Fixed Rate Interest Only Mortgage
The fixed rate interest only mortgages are a great way for investors and home owners to free up some money. This extra money can be used to increase the equity on your home so you stand to make more money. Read this article to find out more about fixed rate interest only mortgages. - 10 year fixed rate home loan
If you feel secure in the course your life is likely to take over the next 10 years, you may also want to secure your budget by locking in guaranteed repayment amounts with a 10 year fixed rate home loan. - 30 Year Fixed Rate Home Loan
If you have locked in a low interest rate you probably would like to keep it for as long as possible. Read this article to find out more about 30 year fixed rate home loans and find out how they are achievable. - 15 Year Fixed Rate Home Loan
If you would like to fix your interest rate for as long as possible to take advantage of the low interest rates that are currently offered, read this article and find out more about the 15 year fixed rate home loans.
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