February’s 10 cheapest fixed rate home loans

Adam Smith 7 February 2018

dice and symbols percent

Lock in a competitive rate to protect against future rises.

The Reserve Bank may have kept the official cash rate on hold when it met yesterday, but there's a growing consensus that the next move will be upwards. If you're worried about the potential for rising rates, or just want some certainty around your home loan repayment, it could be time to consider a fixed rate mortgage.

We've scoured our database to put together February's 10 cheapest fixed rate home loans available through finder.com.au. To make sure the loans we chose are helpful to the average borrower, we applied a few criteria:

  • A minimum loan amount no greater than $250,000.
  • A maximum loan amount of $500,000 or higher
  • A three-year fixed interest rate

If you want the security that your home loan repayments won't rise in the near future, regardless of the path the RBA chooses, give the deals below a look.

LoanInterest rate
Newcastle Permanent Building Society Premium Plus Package3.74%
Greater Bank Ultimate Fixed Home Loan3.74%
IMB Platinum Package Fixed Home Loan3.79%
Gateway Credit Union Premium Package Home Loan3.83%
Bank of Queensland Fixed Rate Home Loan3.87%
Yellow Brick Road Empower Home Loan3.88%
Heritage Bank Fixed Rate Home Loan3.89%
RACQ Bank Choices Package Fixed3.89%
ING Fixed Rate Home Loan3.89%
NAB Choice Package Fixed Rate Home Loan3.94%

Newcastle Permanent Building Society Premium Plus Package

Get a discounted fixed rate along with savings on car and personal loans and insurance products.

Greater Bank Ultimate Fixed Home Loan

This Greater Bank product delivers a sharp fixed rate as well as perks such as insurance discounts, a fee-free transaction account and access to a no-annual-fee credit card.

IMB Platinum Package Fixed Home Loan

IMB's package fixed rate waives application fees and offers discounts on a range of IMB products.

Gateway Credit Union Premium Package Home Loan

Gateway offers a competitive fixed rate, waived fees and special offers on other Gateway products.

Bank of Queensland Fixed Rate Home Loan

If you're looking for a basic home loan that keeps your repayments low, this Bank of Queensland product offers a sharp fixed rate and flexible repayment options.

Yellow Brick Road Empower Home Loan

Get a low fixed rate, no ongoing fees and the flexibility to make up to $10,000 per year in extra repayments.

Heritage Bank Fixed Rate Home Loan

This Heritage Bank fixed rate product is unique in allowing unlimited additional repayments without penalty. You can access these additional funds with the loan's redraw facility.

RACQ Bank Choices Package Fixed Home Loan

RACQ's package fixed rate home loan offers a no annual fee credit card, bonus interest on term deposits and fee waivers.

ING Fixed Rate Home Loan

Get a competitive fixed rate and no ongoing fees with this basic product from ING.

NAB Choice Package Fixed Rate Home Loan

Tailor your fixed rate home loan to suit your needs and receive special offers on NAB products such as credit cards, insurance and savings accounts.

Compare finder's 10 cheapest fixed mortgage rates for February

Rates last updated February 22nd, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.74%
4.58%
$0
$395 p.a.
90%
A two year fixed rate home loan with application fees.
3.69%
4.00%
$0
$350 p.a.
95%
Fix your rate for 3 years and borrow up to 95% LVR.
3.74%
4.44%
$0
$375 p.a.
90%
Enjoy discounts on banking products and insurance with this package loan. NSW, QLD and ACT residents only.
3.79%
4.77%
$0
$395 p.a.
90%
3 years fixed platinum package with a low interest rate and $0 application fee.
3.83%
4.68%
$0
$299 p.a.
95%
A competitive and flexible package that offers discounts and a sharp 3-year fixed rate.
3.87%
4.47%
$300
$10 monthly ($120 p.a.)
80%
This fixed rate loan includes a special offer for new lending of $150000 with an LVR of 80% or less. Offer extended.
4.19%
3.89%
$0
$0 p.a.
95%
A competitive 3-year fixed rate loan with a high max insured LVR.
3.89%
4.91%
$600
$8 monthly ($96 p.a.)
95%
Enjoy a 3-year fixed rate along with additional features.
3.89%
4.78%
$0
$395 p.a.
95%
Borrow up to 95% LVR. Note that to be eligible for this loan you must be QLD resident.
3.89%
4.51%
$0
$299 p.a.
95%
A low 3-year fixed rate with no ongoing fees.
3.94%
4.84%
$0
$395 p.a.
95%
Receive discounts on interest rates with the Choice Package.
350K NAB Rewards Points offer available. Terms and conditions apply.

Compare up to 4 providers

*Our cheapest fixed rate home loans round-up is a monthly regular article that features the cheapest loans in finder's database. The rates and other information in this page are correct at the time of publication and are subject to change. There may be cheaper loans on the market than the ones listed here. The home loans in the table above were taken from finder.com.au's database on 5 February.

Want to compare more options? Check out all our cheapest home loans

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