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Compare 1-year fixed rate home loans

Fix your home loan interest rate for 1 year and lock in a competitive rate without being stuck on a fixed loan for too long.

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1 - 15 of 15
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Interest Rate
6.74%
Comparison Rate
7.05%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,243
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.39%
Comparison Rate
6.19%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,128
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Interest Rate
6.54%
Comparison Rate
6.32%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,177
More Info
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Interest Rate
6.50%
Comparison Rate
6.67%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,164
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.69%
Comparison Rate
8.35%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,226
Principal & Interest 1Y Fixed5% min. depositInvestment
Interest Rate
6.79%
Comparison Rate
6.53%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,260
More Info
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Interest Rate
6.29%
Comparison Rate
6.40%
Fees
Application: $449
Ongoing: $6 per month
Monthly Payment
$3,095
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Interest Rate
6.49%
Comparison Rate
6.43%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,160
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.24%
Comparison Rate
8.60%
Fees
Application: $600
Ongoing: $8 per month
Monthly Payment
$3,079
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.69%
Comparison Rate
8.80%
Fees
Application: $595
Ongoing: $20 per month
Monthly Payment
$3,226
Principal & Interest 1Y Fixed10% min. depositOwner-occupierOffset account
Interest Rate
6.19%
Comparison Rate
6.22%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$3,063
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.39%
Comparison Rate
7.98%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,128
Principal & Interest 1Y Fixed10% min. depositInvestmentOffset account
Interest Rate
6.34%
Comparison Rate
6.43%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$3,111
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.24%
Comparison Rate
6.58%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$3,079
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.44%
Comparison Rate
6.42%
Fees
Application: $449
Ongoing: $6 p.a.
Monthly Payment
$3,144
loading
Showing 15 of 15 results

What you need to know:

  • You can compare 1-year fixed rate loans in the table below.
  • Fixed rate loans can be expensive to break, but with a 1-year fixed period break costs are much lower.
  • A 1-year fixed rate is often the lowest fixed rate loan you can get, but a variable trate loan will probably be lower.

Compare 1-year fixed rate home loans

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1 - 15 of 15
Name Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Interest Rate
6.74%
Comparison Rate
7.05%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,243
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.39%
Comparison Rate
6.19%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,128
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Interest Rate
6.54%
Comparison Rate
6.32%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,177
More Info
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Interest Rate
6.50%
Comparison Rate
6.67%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,164
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.69%
Comparison Rate
8.35%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,226
Principal & Interest 1Y Fixed5% min. depositInvestment
Interest Rate
6.79%
Comparison Rate
6.53%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,260
More Info
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Interest Rate
6.29%
Comparison Rate
6.40%
Fees
Application: $449
Ongoing: $6 per month
Monthly Payment
$3,095
$2000 cashback
Eligible refinancers can get $2,000 cashback when switching their loan of at least $500k to IMB. Other terms and conditions apply.
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Interest Rate
6.49%
Comparison Rate
6.43%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,160
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.24%
Comparison Rate
8.60%
Fees
Application: $600
Ongoing: $8 per month
Monthly Payment
$3,079
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.69%
Comparison Rate
8.80%
Fees
Application: $595
Ongoing: $20 per month
Monthly Payment
$3,226
Principal & Interest 1Y Fixed10% min. depositOwner-occupierOffset account
Interest Rate
6.19%
Comparison Rate
6.22%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$3,063
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.39%
Comparison Rate
7.98%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,128
Principal & Interest 1Y Fixed10% min. depositInvestmentOffset account
Interest Rate
6.34%
Comparison Rate
6.43%
Fees
Application: $250
Ongoing: $0 p.a.
Monthly Payment
$3,111
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.24%
Comparison Rate
6.58%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$3,079
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Interest Rate
6.44%
Comparison Rate
6.42%
Fees
Application: $449
Ongoing: $6 p.a.
Monthly Payment
$3,144
loading
Showing 15 of 15 results

Why get a 1-year fixed rate home loan?

  • Repayment certainty. When you fix your rate you know exactly what your repayments are each month. This means you can budget for your exact repayments.
  • Forget about rate rises. Sometimes interest rates rise rapidly. This hits borrowers on variable rate loans immediately. By fixing, you might be on a higher rate. But you don't have to worry about a sudden jump in repayments.
  • Easier to break. One of the downsides to fixing is it's expensive if you need to exit the home loan during the fixed period. You pay a fee called a break cost if you refinance or end the mortgage before the fixed period ends. Because a 1-year fixed period is quite short, you're locked in for less time and the break fee will be lower.

How does fixing a loan for 1 year work?

With a fixed rate home loan, your rate doesn't change during the fixed period. After the fixed period ends, the loan reverts to a variable rate loan. With a variable interest rate, your lender can change your interest rate at any time.

Most Australian lenders let borrowers fix their rate for a period between 1 and 5 years.

If you want to fix your rate for a longer period, check out our guides on:

Are 1-year fixed rate loans higher than variable rate loans?

Most of the time, a fixed rate loan is going to be higher than a variable rate loan - but not necessarily at the moment.

When interest rates were at record lows back in 2020 and 2021, some of the lowest interest rates on the market were 1- and 2-year fixed rate loans. Fixed rates then rose higher than variable rates as the cash rate increased in 2022 and 2023.

Now, fixed rates are falling lower than variable rates again as experts predict we have reached the 'interest rate peak'. This means that rates are unlikely to rise further and many economists predict rates will begin to fall at the end of 2024 or in 2025. As such, many banks and lenders are reducing their fixed rates to entice borrowers to fix their rate.

How do I compare 1-year fixed rates?

Comparing 1-year fixed rate home loans is no different than comparing another mortgage type.

Focus on the following:

Interest rate

A lower rate is always better

Even if you're not fixing entirely to get the lowest rate, when comparing 1-year fixed rates you should look for a lower rate among those products. It means your repayments will be lower.

Fees

Look for a loan with low fees

Some loans have an application fee, a settlement fee or even a monthly account fee. Some loans have almost no fees.

Obviously the less you have to pay in fees, the better.

Features

Loan features

Fixed rate loans are often less flexible than variable loans. They are less likely to have offset accounts or let you make extra repayments. But some do, so it's worth comparing.

But even if a 1-year fixed rate lacks these features, you'll be on a variable rate in 12 months. Then the loan will likely give you more repayment options.

Can any borrower fix for 1 year?

Most lenders offer both fixed and variable rate loans across most of their product range. Owner-occupiers and investors both have plenty of options if they want to lock in a fixed rate.

While it is true that there are more options out there for variable rate borrowers, it's still possible to find more unique fixed rate products like:

  • Fixed rate package home loans
  • Fixed rate interest-only investor loans
  • Low deposit fixed rate home loans
  • Bad credit fixed rate home loans

Why you can trust Finder's home loan experts

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Since 2014, we've helped 150,000+ people find a home loan by explaining the nitty gritty details simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

More questions about fixing your home loan rate for 1 year

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