3 Year Fixed Rate Home Loans Comparison
Compare 3 Year Fixed Rate Home Loans
Before you can make any decisions about the type of home loan you need and the lender who can best meet those needs, you need to be sure you have all of the information, and you can only do that by asking all of the right questions. Unfortunately researching a home loan can be one of those situations where you are so overwhelmed by all of the new information that you can’t even form your first question. That is why we have covered some of the essential questions here to give you an initial picture of what a three-year fixed home loan could look like in your life.
Featured 3 Year Fixed Rate Home Loan
Apply for a Aussie 3 Year Fixed Rate home loan and secure a low interest rate and borrow up to 95% of the property value.
- Interest Rate of 5.99%
- Comparison Rate of 6.80%
- Application Fee of $500
- Maximum LVR With LMI: 90%
- Minimum Borrowing: $100,000
- Maximum Borrowing: $2,000,000
3 Year Fixed Rate Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Aussie Optimizer Fixed Rate Home Loan – 3 Year Fixed Rate |
The Aussie Fixed Rate home loan offers you a super low rate , Plus no ongoing, 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 competitive 3 Year Fixed Rate home loan. | 5.89% | 6.36% | $600 / $0 | 80% | $10,000 / $5,000,000 |
|
 UBank UHomeLoan – 3 Year Fixed Rate |
A good option to consider if you are wanting to fix in a low interest rate. | 6.08% | 6.28% | $395 / $0 | 80% | $100,000 / $1,000,000 |
|
 bankmecu 3Year Fixed Home Loan |
A low interest rate home loan with a low ongoing fee. | 6.39% | 6.36% | $595 / $0 | 95% | $10,000 / $9,999,999 |
|
 Illawarra Home Loans Bank Beater Fixed Home Loan – 3 Year Fixed Rate |
Borrow up to 90% of the property value with a low interest rate. | 5.95% | 6.34% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 Newcastle Permanent Fixed Rate Home Loan – 2 Year Fixed Rate |
Enjoy a low rate fixed home Loan with no ongoing fee. | 5.89% | 6.54% | $500 / $0 | 95% | $10,000 / $10,000,000 |
|
 State Custodians Mortgage Company Standard Fixed Home Loan – 3 Year Fixed Rate (Fix less than 50%) |
A competitive rate for a popular fixed term. | 5.80% | 6.31% | $0 / $345 | 95% | $150,000 / $1,000,000 |
|
 HomeStar Fixed Rate Loan – 3 Year Fixed Rate |
Competitive interest rate for 3 years with no annual and service fee. | 6.05% | 6.22% | $0 / $0 | 95% | $150,000 / $2,000,000 |
|
 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 |
|
 Easy Street Honeymoon Home Loan Special |
Apply for Easy Street fixed rate home loan and get a competitive loan with a fixed interest rate so your repayments will never change. | 5.89% | 6.56% | $500 / $0 | 95% | $100,000 / $2,500,000 |
|
 Community First Fixed Home Loan – 3 Year Fixed Rate |
A fixed rate home loan with additional repayments facility and access to an unlimited redraw facility with no minimum redraw amount. | 6.29% | $500 / $0 | 95% | $100,000 / $1,000,000 |
|
Why three years? Why not one or two or four?
When you fix an interest rate on your home loan you are likely to be looking at a rate which is higher than the current standard variable rate offered by most lenders. However you are fixing at a slightly higher rate in the hopes that during your fixed-rate term official rates will rise and the standard variable rates of lenders will follow while your fixed-rate stays the same. As a result fixing for just one or two years is not able to offer you the same benefits because there is less time for variable rates to catch up and less protection required so you would usually be better off with a variable rate in the short term. However with a three-year fixed interest rate which is fixed at a time before the interest-rate cycle has gotten up speed you will be able to ride out the way of rate rises in the near to medium future.
No matter how friendly your lender appears they are still aiming to turn a profit whether for themselves, their shareholders or their members. Therefore you may be wondering why a lender would allow you to save on interest charges by locking in a lower rate. Fortunately every lender has their own opinion on what interest rates will be doing over the next three years and these opinions can differ significantly depending on the lender. Therefore you don’t need to be able to outsmart a lender with your knowledge of the interest-rate cycle you simply need to find a lender who has low expectations for future rises. If you have ever taken notice of the hype which surrounds the Reserve Bank’s rate announcements each month you will have seen that every expert and economist has their own opinion and not everyone can be right.
Why would I choose a three-year fixed loan when the market is stable?
When the economy and the markets are unstable it can be tempting to add stability to your finances in the only way you can – by choosing a fixed interest rate loan. However it is actually best to fix your interest rate when times are good because home loan lenders know better than anyone that in chaos lies profit and during economically unstable times fixed interest rates are much higher because the lenders know that you are looking for stability and they are going to charge you for it.
What should I do at the end of a three-year fixed-rate term?
It is important that you don’t get too comfortable in your three-year fixed rate loan because it can be easy to simply refix your interest rate at the end of three years when your lender sends you a simple preapproved form in the mail. However the end of a three-year fixed interest rate loan term is the perfect time to reconsider your options and compare other lenders and offers. Also be aware that at the end of a fixed interest rate term your home loan is likely to revert to the standard variable rate and depending on where in the rate cycle you fixed, the variable rate could be delightfully lower than what you have been paying, or scarily higher so make sure you plan your move before your three years is up.
Ask A Question