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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.

$
years
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1 - 20 of 63
Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Qantas Money logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Qantas Money logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Product NameQantas Money Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.94%
Comp. Rate p.a.6.18%
Minimum Loan Amount$300,000
Maximum Loan Amount $3,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.94%
Comparison Rate
6.18%
Fees
Application: $345
Ongoing: $0 p.a.
Monthly Payment
$2,982
Points offer
Earn 100,000 Qantas Points every year for the life of your loan. Plus, for a limited time, receive a $1,000 Qantas Hotels & Holidays voucher for new loans $500,000 or more. Submit before 3 Dec 2024. Eligibility criteria, T&Cs apply.
NAB logo
Interest only 1Y Fixed10% min. depositOwner-occupier
NAB logo
Interest only 1Y Fixed10% min. depositOwner-occupier
Product NameNAB Interest Only in Arrears Fixed Rate
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.49%
Comp. Rate p.a.8.51%
Minimum Loan Amount$20,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.49%
Comparison Rate
8.51%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,160
Contact Broker
ING logo
Interest only 1Y Fixed5% min. depositInvestment
ING logo
Interest only 1Y Fixed5% min. depositInvestment
Product NameING Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.29%
Comp. Rate p.a.6.32%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
6.32%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,095
Contact Broker
NAB logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
NAB logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Product NameNAB Tailored Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.34%
Comp. Rate p.a.7%
Minimum Loan Amount$20,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
7%
Fees
Application: $0
Ongoing: $8 per month
Monthly Payment
$3,111
Contact Broker
ING logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
ING logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Product NameING Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.16%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.16%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,030
Contact Broker
Suncorp Bank logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Suncorp Bank logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Product NameSuncorp Home Package Plus Fixed
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.20%
Comp. Rate p.a.6.60%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.20%
Comparison Rate
6.60%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,066
Contact Broker
ME logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
ME logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Product NameME Flexible Home Loan Fixed with Members Package
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.66%
Minimum Loan Amount$40
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
6.66%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,063
Contact Broker
$2-$3,000 cashback
Eligible new purchasers can get $2,000 cashback for loans of at least $400k. Eligible refinancers switching to ME Bank can get $3,000 cashback for loans of at least $700k. Other conditions apply.
NAB logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
NAB logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Product NameNAB Choice Package Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.29%
Comp. Rate p.a.8.30%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
8.30%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,095
Contact Broker
ING logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
ING logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Product NameING Orange Advantage Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.6.34%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.09%
Comparison Rate
6.34%
Fees
Application: $0
Ongoing: $299 p.a.
Monthly Payment
$3,030
Contact Broker
ME logo
Principal & Interest 1Y Fixed20% min. depositInvestmentOffset account
ME logo
Principal & Interest 1Y Fixed20% min. depositInvestmentOffset account
Product NameME Flexible Home Loan Fixed
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.54%
Comp. Rate p.a.9.02%
Minimum Loan Amount$40,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.54%
Comparison Rate
9.02%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,177
Contact Broker
Beyond Bank logo
Principal & Interest 1Y Fixed20% min. depositInvestment
Beyond Bank logo
Principal & Interest 1Y Fixed20% min. depositInvestment
Product NameBeyond Bank Total Home Loan Package
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.29%
Comp. Rate p.a.8.14%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
6.29%
Comparison Rate
8.14%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,095
Contact Broker
ING logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
ING logo
Principal & Interest 1Y Fixed10% min. depositOwner-occupier
Product NameING Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.35%
Minimum Loan Amount$50,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
6.35%
Fees
Application: $499
Ongoing: $0 p.a.
Monthly Payment
$3,063
Contact Broker
Macquarie Bank logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupierOffset account
Macquarie Bank logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupierOffset account
Product NameMacquarie Bank Offset Home Loan Package Fixed Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.95%
Comp. Rate p.a.6.41%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.95%
Comparison Rate
6.41%
Fees
Application: $0
Ongoing: $248 p.a.
Monthly Payment
$2,985
Contact Broker
Adelaide Bank logo
Interest only 1Y Fixed20% min. depositInvestment
Adelaide Bank logo
Interest only 1Y Fixed20% min. depositInvestment
Product NameAdelaide Bank SmartSaver Fixed
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.59%
Comp. Rate p.a.6.49%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.59%
Comparison Rate
6.49%
Fees
Application: $299
Ongoing: $0 per month
Monthly Payment
$3,193
Contact Broker
BankVic logo
Interest only 1Y Fixed10% min. depositInvestment
BankVic logo
Interest only 1Y Fixed10% min. depositInvestment
Product NameBankVic Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.25%
Comp. Rate p.a.6.52%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.25%
Comparison Rate
6.52%
Fees
Application: $600
Ongoing: $0 p.a.
Monthly Payment
$3,082
Contact Broker
AMP Bank logo
Interest only 1Y Fixed20% min. depositOwner-occupier
AMP Bank logo
Interest only 1Y Fixed20% min. depositOwner-occupier
Product NameAMP Bank Professional Package Fixed Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.39%
Comp. Rate p.a.7.24%
Minimum Loan Amount$100,000
Maximum Loan Amount $2,000,000
Maximum Loan Term5 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.39%
Comparison Rate
7.24%
Fees
Application: $0
Ongoing: $349 p.a.
Monthly Payment
$3,128
Contact Broker
Newcastle Permanent logo
Interest only 1Y Fixed20% min. depositOwner-occupier
Newcastle Permanent logo
Interest only 1Y Fixed20% min. depositOwner-occupier
Product NameNewcastle Permanent Premium Plus Package Fixed Rate
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.19%
Comp. Rate p.a.7.96%
Minimum Loan Amount$0
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
7.96%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,063
Aussie logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Aussie logo
Principal & Interest 1Y Fixed20% min. depositOwner-occupier
Product NameAussie Select Basic Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.6.13%
Minimum Loan Amount$100,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
6.13%
Fees
Application: $330
Ongoing: $0 p.a.
Monthly Payment
$2,998
Contact Broker
Adelaide Bank logo
Interest only 1Y Fixed20% min. depositOwner-occupier
Adelaide Bank logo
Interest only 1Y Fixed20% min. depositOwner-occupier
Product NameAdelaide Bank SmartSaver Fixed
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.79%
Comp. Rate p.a.6.34%
Minimum Loan Amount$10,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.79%
Comparison Rate
6.34%
Fees
Application: $299
Ongoing: $0 per month
Monthly Payment
$3,260
Contact Broker
Heritage Bank logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Heritage Bank logo
Principal & Interest 1Y Fixed5% min. depositOwner-occupier
Product NameHeritage Bank Advantage Package Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.84%
Comp. Rate p.a.6.54%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.84%
Comparison Rate
6.54%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$2,950
Contact Broker
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Showing 20 of 63 results

Key takeaways

  • 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.
  • Due to the uncertainty of rate movements over the next year, 1-year fixed rates aren't necessarily the cheapest but they are still lower than most variable rates.

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

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. This is because there is some uncertainty in the market about whether interest rates will rise or fall next. Either way, it's unlikely rates will continue to rise beyond 1 more cash rate and so banks are trying to lock customers in now.

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

More questions about fixing your home loan rate for 1 year

Jason Loewenthal's headshot
To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.
Richard Whitten's headshot
Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise
Richard has written 558 Finder guides across topics including:
  • Home loans
  • Property
  • Personal finance
  • Money-saving tips

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