Compare 2 Year Fixed Rate Home Loans

Future-proof your home loan repayments for two years.

Enjoy the stability of knowing your repayments won’t change for two years. This provides you with the stability of a normal fixed rate mortgage but doesn’t pin you down for such a long period of time that you get locked into an agreement with no way of taking advantage of favourable market fluctuations.

2 year fixed rate home loans are offered by most banking institutions, credit unions, and building societies in Australia.

2 year fixed rate home loans

Rates last updated December 10th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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
3.64%
3.59%
$0
$0 p.a.
80%
Fast, 100% online application process. Very limited fees. Optional offset account (with fee).
3.88%
4.51%
$0
$395 p.a.
90%
Lock in a very competitive 2 year rate and get package discounts on your credit card and offset account. $1,500 cashback available (conditions apply).
4.09%
3.89%
$0
$248 p.a.
80%
Fixed rate home buyer product with very low fees.
3.74%
4.69%
$0
$395 p.a.
90%
Enjoy a discounted fixed rate and the ability to package the loan with other financial products.
3.89%
3.91%
$0
$0 p.a.
80%
Investors can go from application to full approval in as little as 20 minutes with this innovative online lender.
3.99%
3.92%
$0
$10 monthly ($120 p.a.)
90%
Enjoy a competitive fixed rate with no application fee. Earn Velocity Frequent Flyer Points to spend on flights and hotels. Terms and conditions apply.
3.85%
4.65%
$499
$0 p.a.
95%
Get a competitive rate along with flexible repayment options.
3.89%
4.24%
$0
$0 p.a.
80%
Fix your rate and minimise repayments for 2 years with this interest-only investor mortgage.
3.75%
4.63%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.89%
3.94%
$0
$0 p.a.
80%
Pay no application or ongoing fee and borrow up to 80% LVR.
3.75%
5.04%
$0
$395 p.a.
95%
This 2 year fixed ANZ Breakfree Package rate comes with package discount and product bundle. Terms and conditions, package fee and fees, charges & eligibility criteria apply.
3.79%
4.87%
$0
$395 p.a.
95%
Low deposit home loan. Enjoy flexible repayment options while paying limited fees.
3.98%
5.01%
$0
$395 p.a.
90%
Fix the rate on your investment property for 2 years with this competitive home loan package.
3.69%
4.54%
$0
$395 p.a.
90%
A fixed rate loan with a 100% offset account and the option to make additional repayments. Loans over $150000 receive a discounted rate. NSW, QLD and ACT residents only.
3.79%
5.07%
$0
$395 p.a.
95%
Get discounts on a range of Commonwealth Bank products and enjoy the option of fee-free extra repayments during the fixed term. $2,000 cashback offer for eligible refinancers.
3.89%
5.12%
$600
$8 monthly ($96 p.a.)
95%
A fixed rate home loan with additional repayment options.
3.94%
4.95%
$595
$0 p.a.
95%
Borrow up to 95% LVR of the value of the property you're buying and pay no application or ongoing fees.
4.05%
4.22%
$0
$10 monthly ($120 p.a.)
90%
Lock in your interest rate on your investment property for 2 years. Earn Velocity Frequent Flyer Points.
4.09%
4.40%
$0
$0 p.a.
70%
Forget about rate rises for two years and minimise your investment repayments with this interest only mortgage. Requires a 30% deposit.
3.79%
4.19%
$0
$350 p.a.
95%
New customers can enjoy flexible repayments and a partial offset account.
4.33%
4.21%
$0
$0 p.a.
90%
Lock in your interest rate for two years and enjoy package discounts.
3.79%
5.07%
$600
$8 monthly ($96 p.a.)
95%
Get a partial offset account and the option to make interest-only repayments.
3.89%
3.94%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.89%
3.91%
$0
$0 p.a.
80%
Lock in your interest rate for 2 years and enjoy flexibility, an optional offset account and a fast online application process.
3.94%
5.25%
$600
$8 monthly ($96 p.a.)
95%
Competitive fixed rate offer from a Big Four bank. Refinancers could be eligible for $2,000 cashback.

Compare up to 4 providers

1 year fixed rate home loans

Rates last updated December 10th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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
3.59%
4.14%
$395
$0 p.a.
80%
Refinance with UBanks low 1 year fixed rate offer. No application fee.
3.59%
3.58%
$0
$0 p.a.
80%
Apply online and get fast approval for this fixed rate, low-fee loan with redraw facilities. Add a 100% offset account for a small fee.
3.69%
4.75%
$0
$395 p.a.
90%
Enjoy a competitive rate with no application fee for this package loan.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.75%
4.72%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.94%
3.94%
$0
$0 p.a.
90%
Lock in a short interest loan term with a low interest rate.
3.99%
5.25%
$600
$8 monthly ($96 p.a.)
95%
Enjoy a low rate fixed home loan with the ability to borrow up to 95% of the property value.
3.89%
5.05%
$595
$0 p.a.
90%
Investors can take advantage of a short term fixed rate with no application or ongoing fees.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
4.08%
3.87%
$0
$248 p.a.
80%
Borrow up to 80% LVR with no application fee and ongoing fees.
4.09%
5.09%
$0
$395 p.a.
95%
Secure a competitive 1-year fixed rate with low ongoing fees. Score 200-500,000 Velocity Points when you get this loan.
3.89%
4.96%
$0
$395 p.a.
95%
A low deposit, low interest fixed rate home loan with flexible repayment options.
3.99%
4.62%
$395
$0 p.a.
80%
Investors can enjoy flexible repayments and an easy application process with this pioneering online lender.
3.69%
4.38%
$0
$0 p.a.
90%
A discounted 1 year fixed rate for home buyers that's available with a 10% deposit. NSW, QLD and ACT residents only.
4.25%
4.18%
$0
$0 p.a.
90%
Fix your rate for a year and borrow up to 90% of your home's value.
3.84%
3.91%
$0
$0 p.a.
80%
Get instant online approval and flexible repayment options with this fixed rate mortgage for investing.
4.24%
4.68%
$0
$0 p.a.
90%
Fix your investment repayments for 1 year. You can get this loan with a 10% deposit. Available in QLD, NSW and ACT only.
4.04%
5.38%
$600
$8 monthly ($96 p.a.)
95%
A 1 year fixed rate home loan from Commonwealth Bank.
4.04%
3.93%
$0
$0 p.a.
80%
Fix your rate for 1 year and make interest-only payments.
4.09%
4.87%
$0
$395 p.a.
90%
Buy your investment property and set your repayments for the first year. Available in QLD, NSW and ACT only.
4.24%
5.42%
$600
$10 monthly ($120 p.a.)
95%
Enjoy a 1-year fixed rate with flexible features such as redraw, rate lock, a partial interest offset facility, repayment pause and more.
3.79%
4.75%
$375
$15 monthly ($180 p.a.)
95%
A fixed rate home loan with 100% offset account.

Compare up to 4 providers

3 year fixed rate home loans

Rates last updated December 10th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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%
4.01%
$395
$0 p.a.
80%
A competitive fixed interest rate product with no ongoing bank fees.
3.87%
3.91%
$0
$10 monthly ($120 p.a.)
90%
Get Velocity Frequent Flyer Points at settlement, monthly and every three years, plus the option to make up to $10,000 a year in extra repayments.
3.84%
4.66%
$0
$395 p.a.
90%
A two year fixed rate home loan with application fees.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
3.84%
3.82%
$0
$0 p.a.
80%
A fixed rate loan with free redraws, few ongoing fees. Apply online with a fast approval process.
3.83%
3.67%
$250
$0 p.a.
80%
A low 3 year fixed rate for home buyers. Add a 100% offset account with a $10 monthly fee.
3.85%
4.69%
$0
$0 p.a.
90%
A package home loan with a sharp fixed rate and a 10% deposit option for low deposit borrowers.
3.99%
4.44%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
3.96%
3.88%
$0
$0 p.a.
95%
Lock in a 3 year fixed rate with no upfront or ongoing fees.
3.85%
4.20%
$0
$350 p.a.
95%
New customers get flexible repayments along with a redraw facility when they lock in their rate for 3 years.
4.29%
5.33%
$0
$395 p.a.
90%
Lock in a competitive investment rate and combine your loan with a credit card and transaction account for extra savings. Package fee applies.
3.83%
4.89%
$0
$395 p.a.
80%
A flexible 3 year fixed rate loan you can use to buy your own home.
3.83%
4.57%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
3.89%
5.01%
$0
$395 p.a.
95%
Lock in a discounted rate for 3 years and have the option for interest only repayments. $2,000 cashback offer for eligible refinancers.
3.84%
4.53%
$0
$395 p.a.
90%
Enjoy discounts on banking products and insurance with this package loan. NSW, QLD and ACT residents only.
3.85%
4.97%
$600
$8 monthly ($96 p.a.)
95%
Fix your rate and enjoy a partial offset account along with flexible repayments.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.99%
3.94%
$0
$0 p.a.
80%
Buy an investment property and enjoy the certainty of a 3-year fixed rate with interest-only payments.
3.99%
4.86%
$0
$395 p.a.
95%
Unlock discounts on interest rates and other products with the Choice Package loan. Available with a 5% deposit.
4.04%
4.88%
$595
$0 p.a.
95%
A low 3-year fixed rate with the option to split your loan for free.
3.99%
4.44%
$395
$0 p.a.
80%
Pay no ongoing fees on this investment loan fixed for 3 years.
4.29%
4.26%
$0
$0 p.a.
95%
A competitive 3-year fixed rate loan with a high max insured LVR.
4.49%
4.27%
$0
$0 p.a.
90%
Fixed rate loan with a 100% offset account and a 10% deposit option.
4.09%
5.06%
$600
$8 monthly ($96 p.a.)
95%
Flexible fixed rate home loan which will allow you to take break from repayments if you're ahead of scheduled repayments.
4.04%
5.15%
$600
$8 monthly ($96 p.a.)
95%
A fixed rate home loan offer from Commonwealth Bank.
4.13%
5.25%
$295
$12 monthly ($144 p.a.)
90%
Get budgeting certainty with a competitive 3-year fixed rate.

Compare up to 4 providers

5 year fixed rate home loans

Rates last updated December 10th, 2018
$
Loan purpose
Offset account
Loan type
Repayment 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
4.09%
4.30%
$0
$0 p.a.
90%
A low-fee fixed rate home loan with a redraw facility. NSW, QLD and ACT residents only.
4.09%
4.10%
$395
$0 p.a.
80%
An online only home loan with a great 5 year fixed rate. Available for refinance and purchases.
4.09%
4.53%
$0
$299 p.a.
95%
Owner-occupiers can enjoy a discounted fixed rate, a rate lock feature and the ability to make additional repayments.
4.59%
4.02%
$250
$0 p.a.
80%
Buy a home to live in and lock in the interest rate for 5 years.
4.09%
4.87%
$0
$395 p.a.
95%
A competitive fixed rate offer from one of the Big Four banks.
4.19%
4.57%
$499
$0 p.a.
95%
Get the certainty of a rate lock and the flexibility to make additional repayments.
4.39%
5.06%
$0
$395 p.a.
95%
Fix in a competitive rate for five years and pay no establishment or monthly fees.
4.34%
4.99%
$600
$8 monthly ($96 p.a.)
95%
A flexible five year fixed rate home loan. Available with a 5% deposit.
4.46%
4.08%
$0
$0 p.a.
80%
Get quick online approval for Tic:Toc's fixed rate owner occupier home loan. Low fees, flexible repayments.
4.49%
4.56%
$395
$0 p.a.
80%
Lock in a 5 year fixed rate on your investment loan and pay no ongoing fees.
4.24%
4.87%
$0
$395 p.a.
95%
A competitive fixed rate loan with flexible features. Available with a 5% deposit.
4.56%
4.18%
$0
$0 p.a.
80%
This fixed rate investment loan has a competitive interest rate, limited fees and flexible repayment options. Apply online and get quick approval.
4.09%
4.87%
$0
$395 p.a.
95%
You can save on several Westpac products by packaging your 5-year fixed rate home loan. Unlock Velocity Points for borrowing over $250,000 and get more out of your mortgage.
4.39%
5.07%
$0
$395 p.a.
95%
A competitive interest rate with a range of repayment choices.
4.49%
4.56%
$395
$0 p.a.
80%
Forget about rate rises for 5 years and minimise repayments on your investment mortgage.
4.79%
5.41%
$0
$395 p.a.
90%
4.59%
5.14%
$0
$395 p.a.
95%
Get discounts on your rate and fees by packaging your home loan.

Compare up to 4 providers

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What's a two year fixed rate home loan?

Title

A home loan fixed for two years is a short-term mortgage with a fixed interest rate for the duration of the loan. It guarantees that you’ll pay the same repayment for the full two years of the loan even if home loan variable rates rise during that time. This will allow you to budget your money wisely since you know exactly what you’ll have to pay toward the loan each billing period. Once the two years are up you can decide to select another fixed rate loan or switch to a variable rate loan if you feel that a fixed rate isn’t suited to you.

A two year fixed rate home loan is no different from a normal home loan. The difference comes in the form of the interest rate. While most home loans have variable interest rates that can fluctuate with the economy, a fixed rate loan gives you a locked-in interest rate that remains the same for the duration of the fixed term, in this case for two years. There’s also a difference in the features which typically come with a fixed rate loan. For example, fixed rate loans usually don’t allow you make additional repayments to pay off your loan faster (or they limit how much extra money you can pay during the fixed term). They usually don’t come with offset accounts either.

Types of fixed home loans available

Below are some of the types of fixed rate mortgages available for two years

Basic home loans

This type of home loan has minimal features but offers competitive rates and low fees. This is ideal for those looking for the cheapest rate without the bells and whistles of additional features.

Full featured home loans

If you're looking for added features like offset accounts, flexible repayments and the like a full featured home loan is for you. Since it has additional features this loan usually has higher fees and sometimes higher interest rates associated with it. Be aware, though, that many fixed rate home loans don't offer these features.

Package home loans

This type of home loan usually comes with an annual fee that must be paid but it also has rate discounts. This kind of loan may also come with additional discounts on other financial products from the individual lender.

Low doc loans

This home loan is ideal for people who don't have evidence of their income such as investors or self-employed individuals. If you don't have traditional paperwork documenting your income a low doc loan may be perfect for you.

Bad credit home loans

As the name states, this is a home loan that is made available to individuals who may not have the best credit history.

How to compare two year fixed mortgages

  • Interest rates. This will be one of the key factors you’ll probably look at when you’re comparing home loans. Since the interest rate is what makes up your fixed repayments you’ll want to find the one that fits your budget the best. You should also look at the comparison rate which will tell you what your repayments will be with fees factored into the total.
  • Offered features. You’ll also want to look at what additional features come with your two year fixed rate home loan. These extra features could be a redraw option, flexible repayment options, or offset accounts. Fixed rate loans usually don’t offer too many additional features so if you want them you’ll want to have a close look at what’s on offer. On the other hand, if you don’t want any additional features you should look for a loan without any since features usually cost additional fees.
  • Fees. Loans will have different fees including application fees, settlement fees, exit fees, and annual fees. In order to save money on your loan you’ll want to compare your options to find the lowest available fees.
  • Revert rates. A revert rate is the rate that your loan will revert to once your fixed term is over. If you want to stay with your loan after your fixed period ends you’ll want to make sure that the revert rate isn’t too high for your budget. Compare loans based on this rate in order to get the best deal overall.

Pros and cons of these fixed rate home loans

Pros

  • A short fixed term. Since this home loan is only fixed for two years you won’t feel locked in to your loan like you would with longer term fixed rate loans. This type of short term is ideal if you’re looking to sell your property sooner rather than later or if you just don’t like the rigid structure of the longer fixed rate home loans.
  • A guaranteed repayment amount. With a fixed rate home loan you’ll never be surprised by your repayment amount. Once you agree upon the fixed rate, you’ll pay that amount for the two years of the loan. You won’t have to worry about your rate fluctuating with the market or with your financial institution.
  • Budget friendly home loan. Since you’ll know exactly what you have to repay toward your fixed rate home loan each billing cycle you can plan a budget accordingly. This isn’t possible with variable rate loans since you never know what you’ll be paying from one bill to the next.

Cons

  • Possible lost savings. With a fixed rate home loan you’ll miss out on savings if the RBA drops the official cash rate or economic factors change during your two year fixed rate loan term. If this happens during your loan term there’s a chance that you’ll be paying more than those with a variable rate home loan.
  • High fees. Fixed rate home loans are sometimes associated with high fees. These fees may offset any savings that your fixed rate may give you.
  • Lack of extra features. These type of loans usually don’t come with additional features like additional repayments, offset accounts, or redraw options. If they do come with these features there are usually high fees or limitations put on them.

Things to consider when comparing two year fixed mortgages

thinkingBefore choosing a two year fixed rate home loan you should check the current RBA cash rate, and what experts think may happen to it in the short and medium term. If you see that there’s a possible rate drop in the near future you may want to choose a variable rate loan over a fixed rate one. This will save you money during your loan term since you’ll be able to take advantage of the impending rate drop. If you choose a fixed rate you’ll miss out on those savings.

Two year fixed rate home loans allow you to enjoy a short term mortgage with stable repayments for the duration of the loan. Settle into your new home without worrying about fluctuating repayments in an unstable economy.

Frequently asked questions about two year fixed rate home loans

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Home Loan Offers

Important Information*
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 3.59% p.a. and a 3.59% p.a. comparison rate.

HSBC Home Value Loan - (Owner Occupier P&I)

Get a low interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online. Available with just a 10% deposit.

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

A competitive interest rate home loan with interest only options. Interest rate 3.64% p.a.
comp rate of 3.66% p.a.

Tic:Toc Live in Loan Variable Rate - Principal & Interest

Get a very low interest rate and avoid big fees. Apply online for full approval in under 30 minutes and add a 100% offset account for $10 a month.

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