Fixed Rate Home Loans

Fixed home loan rates offer greater certainty because you lock in your repayments for a set period.

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On this page you can see a range of competitive fixed rate home loans, plus information to help you compare and make a better decision about your mortgage.

Greater Bank Home Loan

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)

2.79 % p.a.

fixed rate

4.04 % p.a.

comparison rate

Greater Bank Home Loan

The Ultimate 1 Year Fixed Discounted Rate Home Loan offers a low interest rate, the ability to make extra payments and a redraw facility. You can borrow up to 90% of your home loan value. This loan is for NSW, QLD and ACT residents only.

  • Interest rate of 2.79% p.a.
  • Comparison rate of 4.04% p.a.
  • Application fee of $0
  • Maximum LVR: 90%
  • Minimum borrowing: $150,000
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Compare the latest fixed rate home loans below

Rates last updated January 28th, 2020
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Loan purpose
Offset account
Loan type
Repayment type
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Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
2.79%
4.04%
$0
$395 p.a.
90%
Get one of the lowest fixed mortgage rates on the market plus a 100% offset account. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only.
UBank UHomeLoan - 3 Year Fixed Rate (Owner Occupier, P&I)
2.69%
3.19%
$395
$0 p.a.
80%
An online home loan offer with a fixed interest offer for 3 years.
Greater Bank Great Rate Home Loan - Discounted 2 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
2.97%
3.75%
$0
$0 p.a.
90%
A discounted 2 years fixed rate for home buyers. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only.
Macquarie Bank Basic Fixed Home Loan - 3 Year Fixed Rate LVR ≤ 70% (Owner Occupier, P&I)
2.89%
3.04%
$0
$0 p.a.
70%
Get a low interest rate and a mortgage with flexible, basic features. No application or ongoing fees. Requires a 30% deposit.
Mortgage House Advantage Home Loan (Special) 2 Year Fixed
2.79%
3.04%
$600
$10 monthly ($120 p.a.)
70%
A low fixed rate mortgage for borrowers with a 30% deposit. Comes with a 100% offset account.
Macquarie Bank Basic Fixed Home Loan - 3 Year Fixed Rate LVR ≤ 70% (Investor, P&I)
3.19%
3.34%
$0
$0 p.a.
70%
A principal and interest loan for property investors with a 30% deposit.
Greater Bank Great Rate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
2.79%
3.82%
$0
$0 p.a.
90%
Get one of the lowest rates on the market with this fixed rate mortgage. Available with just a 10% deposit. Guarantor option available. NSW, QLD and ACT residents only.
Macquarie Bank Basic Fixed Home Loan - 1 Year Fixed Rate LVR ≤ 70% (Investor, P&I)
3.19%
3.37%
$0
$0 p.a.
70%
This fixed investor loan keeps it simple and boasts a low rate. Requires a 30% deposit.
UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier, P&I)
2.74%
3.38%
$395
$0 p.a.
80%
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.
Greater Bank Great Rate Home Loan - Discounted 3 Year Fixed LVR ≤90% ($150K+ Owner Occupier)
2.97%
3.68%
$0
$0 p.a.
90%
Discounted 3 years fixed rate with no ongoing fees and a redraw facility. Guarantor option available. NSW, QLD and ACT residents only.
Macquarie Bank Basic Fixed Home Loan - 2 Year Fixed Rate LVR ≤ 70% (Owner Occupier, P&I)
2.89%
3.06%
$0
$0 p.a.
70%
Get a low fixed rate for 2 years to minimise interest costs. Requires a 30% deposit.
BankSA Advantage Package Fixed Home Loan - 5 Year Fixed (Owner Occupier, P&I) LVR above 60% up to 80% New customers
2.89%
3.67%
$0
$395 p.a.
80%
Pay no application fee with this 5 year fixed package loan and borrow up to 80%. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
AMP Professional Package Fixed Loan - 2 Year (Owner Occupier, P&I)
2.89%
4.24%
$0
$0 p.a.
90%
A low fixed rate package loan that's available with a 10% deposit.
Suncorp Home Package Plus Fixed - 3 Year Fixed Rate Special Offer $150k+ LVR ≤90% (Owner Occupier, P&I)
2.89%
3.59%
$0
$375 p.a.
90%
Get a very competitive 3 year fixed rate with low fees and only a 10% deposit. Refinance to this loan and receive a $2,000 cashback when borrowing $250,000 or more.
ANZ Breakfree Package Home Loan - 2 Year Fixed (Owner Occupier, P&I)
2.98%
4.45%
$0
$395 p.a.
90%
This 2 year fixed ANZ Breakfree Package rate comes with package discount and product bundle. Refinancers switching to this loan could get a cashback from $1,200 up to $3,500 depending on their loan amount (terms and conditions apply).
St.George Fixed Rate Advantage Package - 3 Year Fixed Rate LVR 60% to 80% (Owner Occupier, P&I)
2.89%
3.72%
$0
$395 p.a.
80%
Get a competitive rate and pay no application fee on this package loan. $2,000 cashback on eligible Advantage Package loans when borrowing $250,000 or more.
Bank of Melbourne Advantage Package Fixed Home Loan - 2 Year Fixed (Owner Occupier, P&I) LVR up to 60% New customers
2.84%
3.72%
$0
$395 p.a.
60%
Easy Street Fixed Home Loan - 3 Year (Owner Occupier, P&I)
3.09%
3.69%
$500
$0 p.a.
95%
Enjoy 3 year fixed rate with no ongoing fee.
UBank UHomeLoan - 1 Year Fixed Rate (Owner Occupier, IO)
2.89%
3.40%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
Aussie Select Basic Fixed Rate Home Loan - 2 Year Fixed LVR up to 80% (Owner Occupier, P&I)
2.89%
3.24%
$0
$0 p.a.
80%
A two year fixed rate home loan with no annual or application fees.

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Fixed home loan rates explained

A fixed interest rate mortgage allows you to lock in a certain interest rate for a specified period (usually between 1 and 5 years). During the fixed period your rate will not rise. But it won't fall either. A variable loan can change at any time.

The benefit of fixing is certainty. Your rate might be slightly higher than a competitive variable rate but you know exactly what your repayments will be. This lets you budget accurately and offers some peace of mind.

Fast facts: fixed rates

  • A fixed interest rate is typically higher than a variable rate, although many competitive offers are just as low now.
  • A fixed rate mortgage is less flexible. You might not be able to make extra repayments and there may be higher costs for leaving the mortgage (to refinance). Always read the fine print.
  • Once the fixed rate period ends you will go onto a variable rate. This is a really good time to look around and see if you can refinance to a better deal somewhere else.

Should I go for fixed or variable?

Let's weigh the positives and negatives of fixed rates in more detail.

Pros

  • Repayment certainty. A fixed-rate home loan offers you peace of mind in knowing what your repayments will be. This allows you to budget more effectively.
  • Security. With a fixed-rate home loan you are protected from interest rate rises as your interest rate is locked in for the specified term. If rates rise, you come out ahead.
  • Flexible loan terms. Fixed-rate mortgages are available from many Australian lenders with a variety of fixed loan terms available.
  • Low rate offers. Many lenders now offer very competitive fixed rates that are almost as low as competitive variable offers (and in some cases identical).

Cons

  • Limited features. Fixed rate loans don't have a lot of flexibility compared to variable rate mortgages. Most lenders don’t offer fixed home loans with or 100% offset accounts.
  • Break costs. If you decide to break out of a fixed rate loan before the end of the specified term, you may face a break cost. This can cost a few hundred dollars, or potentially thousands. Read this guide to learn more about breaking a fixed rate loan.
  • Rates could drop. If the RBA slashes the cash rate you could end up with a higher rate compared to variable home loans.

In short, if you value certainty over flexibility then a fixed rate could be for you. If you care about extra repayments and mortgage features you might be better off with a variable rate.

Learn more about the benefits and drawbacks of fixed and variable rate loans and use our switching costs calculator to help you calculate whether refinancing your loan now will end up saving or costing you money.

More fixed rate questions answered

Here are some of the most common fixed rate questions and answers to them.

  • How much will I have to pay if I exit the loan early? Breaking costs for ending a fixed rate loan early depend on how much time you still have left on your term, the rate you locked in your loan for and the rate your lender secured your funds for. Learn more about fixed rate breaking costs.
  • Are there any other options available? You may want to consider applying for a split rate option as this gives you the best (and worst) of both worlds. You can read more about split loans here.
  • What happens once my fixed term ends? Your lender will usually notify you that your loan term is going to end and give you the option to fix for another term or allow your loan to revert to a variable rate.

Home Loan Offers

Important Information*
Logo for St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)
St.George Basic Home Loan - LVR 60% to 80% (Owner Occupier, P&I)

Online only cashback offer: Refinancers borrowing $250,000 or more can get a $4,000 cashback for their first application (Other terms, conditions and exclusions apply). Buyers and refinancers can get this competitive variable interest rate. Application fee waived for loans above $150,000.

Logo for UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000
UBank UHomeLoan Variable Rate - Discount offer for Owner Occupiers, P&I Borrowing over $200,000

Take advantage of a low-fee mortgage with a special interest rate of just 2.84% p.a. and a 2.84% p.a. comparison rate.

Logo for Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)
Suncorp Back to Basics Home Loan - Better Together Special Offer $150k+ LVR<=90% Incl. LMI (Owner Occupier, P&I)

Get one free online redraw per month and pay no ongoing fees. Application fees are waived for loans above $150,000.

Logo for loans.com.au Essentials - Variable (Owner Occupier, P&I)
loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.04% p.a.
comp rate of 3.06% p.a.

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20 Responses

  1. Default Gravatar
    LaurenAugust 13, 2019

    Are there any banks that will loan to a single mother receiving parenting payment and Family tax benefits A & B as well as weekly child support. I also have 2 thirds of the total value of the property as a deposit so for me it is more financially viable than to continue renting?

    • Avatarfinder Customer Care
      NikkiAugust 14, 2019Staff

      Hi Lauren,

      Thanks for your inquiry. There are home loan options for single moms like you on this page. You will find brands that accept applications from single parents receiving benefits.

      Most lenders will only accept certain types of Centrelink payments and may not take the whole amount of your payment. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Regarding renting, this will ultimately depend on how your monthly income goes and how long you can afford to pay rent.

      A mortgage broker is the best person to reach out to see your options for home loans. They can give you a multitude of options according to your situation. In the meantime, to give you an idea of how your monthly repayments will go, you may use the calculator we have on this page.

      Hope this helps and reach out to us again for further assistance.

      Best,
      Nikki

  2. Default Gravatar
    MalkitMay 14, 2016

    I am already in fixed plan for 3 years. 1 and a half years have passed can I change my plan or my bank?

    • Avatarfinder Customer Care
      MarcMay 16, 2016Staff

      Hi there,
      thanks for the question.

      Borrowers can leave a fixed rate home loan early, but doing so can come with expensive break fees. You can read more about them here.

      I hope this helps,
      Marc.

  3. Default Gravatar
    WaleedJune 21, 2015

    if buying a brand new home in Brisbane ,do I still have to pay stamp duty? and iam a first home buyer

    • Default Gravatar
      JodieJune 22, 2015

      Hi Waleed,

      Thank you for contacting finder.com.au, a financial comparison website.

      First home buyer schemes vary between each state and territory nationwide, please see our page on the scheme and the information for each state.

      Stamp duty is also something that varies by state and territory country wide, please see our page on how to work out your stamp duty for further information.

      To get the most accurate information it would be best to contact your local state revenue service.

      Regards
      Jodie

  4. Default Gravatar
    SharonMay 4, 2015

    Just wanted to ask all the things that need to be considered when getting a home loan. The things I can think of are
    Application fee
    On going fees
    Off set accounts

    What other things are there.
    Sharon

    • Avatarfinder Customer Care
      MarcMay 5, 2015Staff

      Hi Sharon,
      thanks for the question, it’s great to see someone serious about home loan comparison.

      I would also add to this list:
      – Interest rate
      – Comparison rate
      – What type of interest rate you’d like e.g fixed, variable or split
      – Can you make extra repayments on your loan (important if you fix in a rate)
      – What level of customer service you need

      We’ve written a detailed guide on all of these factors in our page here.

      I hope this helps,
      Marc.

  5. Default Gravatar
    LyndaApril 19, 2015

    I have a housing loan with Westpac bank and had to lock it in for 3 years. I have one year to go, can I break that agreement and go to a variable loan as the rates are much lower

    • Default Gravatar
      JodieApril 28, 2015

      Hi Lynda,

      Thank you for getting in touch with finder.com.au.

      You might be able to break from your fixed loan however there are fees involved in doing this before the fixed period is over, see more information on these here. Before making any decisions you should contact Westpac and see what these fees are charged for your particular loan.

      Regards
      Jodie

  6. Default Gravatar
    GivernyApril 19, 2015

    Currently I’m looking at fixed interest rate of 4.00% however I am wondering can banks beat it or let you have that interest rate to keep you at that bank your with?

    • Default Gravatar
      JodieApril 28, 2015

      Hi Giverny,

      Thank you for your inquiry.

      Each individual institution sets their own interest rates based on specific internal calculations and forecasts.You can compare different home loans by their interest rate by clicking on the ‘interest rate’ heading in our comparison tables.

      In general, negotiation with banks over rates is definitely something that is possible, so when discussing loan possibilities with a lender always ask if they can offer a better rate.

      Regards
      Jodie

  7. Default Gravatar
    JoanJanuary 23, 2015

    Is there a loan available to cover the difference between the price of a three bedroom house in the country and a 3 bedroom unit close to the Queen Elizabeth Hospital in or near woodville s.a.

  8. Default Gravatar
    RachelJanuary 16, 2015

    Hi, We have 2 home loans and one is locked into a fixed interest rate of 8.09% until 2017. We want to change it but the breakout fee is really high. What options do we have?
    Any help would be great thanks

    • Avatarfinder Customer Care
      ShirleyJanuary 19, 2015Staff

      Hi Rachel,

      Thanks for your question.

      Unfortunately since you have entered a binding contract, you’ll be liable to pay break costs. Please see this page for more information.

      You may want to speak to a mortgage specialist about your options as they may be able to provide you with more information.

      Cheers,
      Shirley

  9. Default Gravatar
    DamianJuly 1, 2014

    Why does the 5.21% comparison rate for the Members Equity 3 year fixed rate vary so much from the 4.69% interest rate advertised? The fee structure does not differ much from the other loan providers?

    • Avatarfinder Customer Care
      ShirleyJuly 2, 2014Staff

      Hi Damian,

      Thanks for your question.

      The comparison rate calculated on a loan of $150,000 for a term of 25 years repaid monthly. Please note that this comparison rate is only an indication and true only for the examples given and may not include all fees and charges.

      Your personal loan terms may result in a different comparison rate.

      Cheers,
      Shirley

  10. Default Gravatar
    LewisJuly 16, 2013

    Hi There,

    Great website!

    I noticed that there is an advertisement for a 4.59%pa 2 year fixed rate loan with HSBC on your website yet it is not listed in your ‘Best Fixed Rate Loans’ Why is that?

    I would also love to see this website allow you to list loans by maximum LVR over 90%, non-bank/bank loans, Home Loans with Offset etc.

    Thanks.

    Lewis

    • Avatarfinder Customer Care
      ShirleyJuly 16, 2013Staff

      Hi Lewis,

      Thanks for your comment.

      For our review on the 2 year fixed HSBC home loan, please see this page. All products are subject to our disclaimer.

      For loans with a LVR over 90%, please see this page.

      Hope this helps,
      Shirley

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