Aussie Select Basic Fixed Rate Home Loan

Rates and Fees verified correct on December 6th, 2016

Enjoy a fixed rate home loan with the flexibility to make extra repayments

When you fix your home loan you know your repayments won't change it's a great way to gain control over your household budget. A fixed rate home loan is ideal for people who are looking for certainty with their mortgage repayments.

Interest Rate Max Insured LVR Max LVR
1 Year Fixed LVR over 80% (Owner Occupier)
3.99% p.a.
Comparison Rate
4.24% p.a.
90% 80%
1 Year Fixed Rate (Investor)
4.19% p.a.
Comparison Rate
4.35% p.a.
90% 80%
1 Year Fixed LVR up to 80% (Owner Occupier)
3.99% p.a.
Comparison Rate
3.97% p.a.
80% 80%
2 Years Fixed Rate (Investor)
3.89% p.a.
Comparison Rate
4.28% p.a.
90% 80%
2 Year Fixed LVR up to 80% (Owner Occupier)
3.74% p.a.
Comparison Rate
3.87% p.a.
80% 80%
2 Years Fixed LVR over 80% (Owner Occupier)
3.74% p.a.
Comparison Rate
4.17% p.a.
90% 80%
3 Years Fixed Rate (Investor)
4.09% p.a.
Comparison Rate
4.29% p.a.
90% 80%
3 Years Fixed LVR over 80% (Owner Occupier)
3.89% p.a.
Comparison Rate
4.17% p.a.
90% 80%
3 Year Fixed LVR up to 80% (Owner Occupier)
3.89% p.a.
Comparison Rate
3.95% p.a.
80% 80%
4 Years Fixed LVR over 80% (Owner Occupier)
3.99% p.a.
Comparison Rate
4.17% p.a.
90% 80%
4 Years Fixed Rate (Investor)
4.29% p.a.
Comparison Rate
4.34% p.a.
90% 80%
4 Year Fixed LVR up to 80% (Owner Occupier)
3.99% p.a.
Comparison Rate
3.98% p.a.
80% 80%
5 Years Fixed Rate (Investor)
4.14% p.a.
Comparison Rate
4.27% p.a.
90% 80%
5 Year Fixed LVR up to 80% (Owner Occupier)
3.99% p.a.
Comparison Rate
3.98% p.a.
80% 80%
5 Years Fixed LVR over 80% (Owner Occupier)
3.99% p.a.
Comparison Rate
4.16% p.a.
90% 80%
Product NameAussie Select Basic Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$100,000
Maximum Loan Amount$5,000,000
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR90%
Mortgage Offset AccountNo
Mortgage 100% OffsetNo
Loan Redraw FacilityNo
Split Loan FacilityYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$0
Lender's Legal Fee$0
Valuation Fee$300
Ongoing Fees$0 p.a.
Settlement Fee$0
Discharge Fee$535

Pros

  • There are $0 application fee.
  • There is $0 annual service fee.
  • Make additional payments up to 5% of the loan amount each year during the fixed term.

Cons

  • There is a $0 settlement fee.
  • A $535 discharge fee applies when you pay off your home loan.

Features of the Aussie Select Basic Fixed Rate

The Aussie Select Basic Fixed Rate Home Loan offers several features to borrowers including:

  • Loan to Value Ratio (LVR): There's a maximum LVR of 80% - 90%, with Lender's Mortgage Insurance (LMI) payable for amounts above 80%.
  • Loan Term: This loan can be taken out for a term of  - 30 years, giving you the flexibility to pay off your loan at a pace which suits you.
  • Minimum amount: This loan can be taken out for a minimum amount of  $100,000 up to amounts of $5,000,000, subject to LVR and lending criteria.
  • Repayment flexibility. You can set your payments to principal and interest repayments, or you can choose the interest-only option. The maximum interest-only period allowed is five years. Your payment frequency can also be changed from the standard monthly payments over to fortnightly repayments if this suits you better.
  • Extra repayments. You are able to make extra payments that are over and above your regular minimum repayment amounts. Be aware that your additional payments are limited to 5% of the loan balance each year before penalties may be charged. For example, if your loan balance is $300,000 you can make an additional $15,000 in payments on top of your normal minimum payment amounts each year without being penalised.

Purposes you could use the Aussie Select Basic Fixed Rate Home Loan for

The Aussie Select Basic Fixed Rate Home Loan is suitable for personal residential purposes and for investment use. You're able to purchase an existing home or refinance a current mortgage from another lender. This loan however isn't suitable for constructing a new dwelling. You can borrow up 90% of the property value with this loan. However, any loan amount that exceeds 80% of the property value may incur a Lender's Mortgage Insurance fee.

Fees

Fees you can avoid
  • Ongoing account keeping fees: $0. There aren't any ongoing account keeping fees with this loan.
  • Application fee: $0. There is also no application fee with this loan.
  • Settlement fee: $0. This fee is charged to prepare your loan documents when you take out your loan.
Fees you can't avoid
  • Valuation fee: The first valuation fee up to $300 is free with this loan.
  • Discharge fee: $535. The fee is charged when you have paid off your loan to cover the cost of discharging the mortgage documents.

Please be advised that additional break costs may apply if you repay your entire home loan balance during the fixed term.

How to apply for this loan

If you're ready to apply for this home loan, you can simply click on the 'Go to site' button on this page. You'll be taken to the Aussie Home Loans website, where you can enter your contact information. Don't forget to add a little information about the amount of money you want to borrow. This will make it much easier for the Aussie representative to discuss your home loan application with you at a time that suits you best.


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Aussie Select Basic Fixed Rate Home Loan Interest Rate History vs RBA Cash Rate Graph


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This page was last modified on 19 October 2016 at 10:42.

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4 Responses to Aussie Select Basic Fixed Rate Home Loan

  1. Default Gravatar
    Ana | June 5, 2015

    Hi,
    Can I make additional repayments through Auspost (or any other means) instead of online?

    Thanks

    • Staff
      Belinda | June 11, 2015

      Hi Ana,

      Thanks for your enquiry.

      If you’d like to make additional repayments other than online, you can do so at an Aussie branch.

      Thanks,
      Belinda

  2. Default Gravatar
    Vito | November 15, 2014

    Thinking of purchasing an investment property and was wondering what are the fees for borrowing 85%, 90% and 95% LVR based on a property valued at 900k ?

    Thanks
    Vito

    • Staff
      Shirley | November 17, 2014

      Hi Vito,

      Thanks for your question.

      There is no specific ‘LVR fee’ associated with the Aussie Select Basic Fixed home loan, so all the standard fees and charges apply. Please refer to the fees tab for a list of fees you could be liable for*:

      Legal fee – $363
      Settlement fee – $100
      Exit fee – $400

      *Correct at the time of writing.

      If you’d like, you can click to ‘go to site’ to get in touch with a home loan consultant from Aussie for a full disclosure of the fees you could be liable for.

      Cheers,
      Shirley

Aussie Select Basic Fixed Rate Home Loan

  • Interest Rate

    N/A

  • Comparison Rate

    N/A

  • App Fee / Annual Service Fee

    $0 / $0

  • Max LVR

    80%

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