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2-year fixed rate home loans

Fix your home loan interest rate for 2 years and lock in a competitive rate without being stuck on a fixed loan for too long.

$
years
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1 - 20 of 136
Name Finder Score Interest Rate p.a. Comparison Rate p.a. Fees Monthly Payment
Macquarie Bank logo
Principal & Interest 2Y Fixed30% min. depositOwner-occupier
Macquarie Bank logo
Principal & Interest 2Y Fixed30% min. depositOwner-occupier
Go to site
Product NameMacquarie Bank Basic Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.69%
Comp. Rate p.a.6.08%
Minimum Loan Amount$150,000
Maximum Loan Amount $10,000,000
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.69%
Comparison Rate
6.08%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,902
Go to site
Qantas Money logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Qantas Money logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Product NameQantas Money Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.64%
Comp. Rate p.a.6.10%
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
5.64%
Comparison Rate
6.10%
Fees
Application: $345
Ongoing: $0 p.a.
Monthly Payment
$2,887
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.
Qantas Money logo
Principal & Interest 2Y Fixed10% min. depositInvestment
Qantas Money logo
Principal & Interest 2Y Fixed10% min. depositInvestment
Product NameQantas Money Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.6.38%
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
6.19%
Comparison Rate
6.38%
Fees
Application: $345
Ongoing: $0 p.a.
Monthly Payment
$3,063
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.
NRMA Insurance Home Loan logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupierOffset account
NRMA Insurance Home Loan logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupierOffset account
Product NameNRMA Insurance Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.54%
Comp. Rate p.a.6.08%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.54%
Comparison Rate
6.08%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,855
Contact Broker
Commonwealth Bank logo
Interest only 2Y Fixed10% min. depositInvestment
Commonwealth Bank logo
Interest only 2Y Fixed10% min. depositInvestment
Product NameCommonwealth Bank Wealth Package Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.54%
Comp. Rate p.a.8.57%
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 OptionNo
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.54%
Comparison Rate
8.57%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,177
Contact Broker
NAB logo
Interest only 2Y Fixed10% min. depositInvestment
NAB logo
Interest only 2Y Fixed10% min. depositInvestment
Product NameNAB Interest Only in Advance Fixed Rate
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.24%
Comp. Rate p.a.8.70%
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
6.24%
Comparison Rate
8.70%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,079
Contact Broker
NRMA Insurance Home Loan logo
Interest only 2Y Fixed10% min. depositOwner-occupier
NRMA Insurance Home Loan logo
Interest only 2Y Fixed10% min. depositOwner-occupier
Product NameNRMA Insurance Fixed Home Loan
Interest Rate TypeFixed rate
Repayment Type Interest Only
Interest Rate p.a.6.34%
Comp. Rate p.a.6.13%
Minimum Loan Amount$50,000
Maximum Loan Amount $2,000,000
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan Facility
Fixed Interest OptionYes
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
6.34%
Comparison Rate
6.13%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$3,111
Contact Broker
St.George Bank logo
Principal & Interest 2Y Fixed30% min. depositInvestment
St.George Bank logo
Principal & Interest 2Y Fixed30% min. depositInvestment
Product NameSt.George Fixed Rate Home Loan with Advantage Package
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.99%
Comp. Rate p.a.7.87%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 70%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.99%
Comparison Rate
7.87%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$2,998
Contact Broker
Beyond Bank logo
Principal & Interest 2Y Fixed20% min. depositInvestment
Beyond Bank logo
Principal & Interest 2Y Fixed20% min. depositInvestment
Product NameBeyond Bank Total Home Loan Package Fixed
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.39%
Comp. Rate p.a.8%
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
6.39%
Comparison Rate
8%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,128
Contact Broker
BankSA logo
Principal & Interest 2Y Fixed20% min. depositInvestment
BankSA logo
Principal & Interest 2Y Fixed20% min. depositInvestment
Product NameBankSA Fixed Rate Home Loan with Advantage Package
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.7.98%
Minimum Loan Amount$150,000
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 - max $30,000 over fixed rate term
Finder score
Interest Rate
6.09%
Comparison Rate
7.98%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,030
Contact Broker
St.George Bank logo
Principal & Interest 2Y Fixed20% min. depositInvestment
St.George Bank logo
Principal & Interest 2Y Fixed20% min. depositInvestment
Product NameSt.George Fixed Rate Home Loan with Advantage Package
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.09%
Comp. Rate p.a.7.97%
Minimum Loan Amount$150,000
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 - max $30,000 over fixed rate term
Finder score
Interest Rate
6.09%
Comparison Rate
7.97%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,030
Contact Broker
Bankwest logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset account
Bankwest logo
Principal & Interest 2Y Fixed20% min. depositOwner-occupierOffset account
Product NameBankwest Complete Home Loan Package Fixed
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.7.15%
Minimum Loan Amount$200,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
7.15%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$2,966
Contact Broker
Virgin Money logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Virgin Money logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Product NameVirgin Money Reward Me Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.7.79%
Comp. Rate p.a.6.86%
Minimum Loan Amount
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
7.79%
Comparison Rate
6.86%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$3,599
Contact Broker
Heritage Bank logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
Heritage Bank logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
Product NameHeritage Bank Advantage Package Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.79%
Comp. Rate p.a.6.49%
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
5.79%
Comparison Rate
6.49%
Fees
Application: $0
Ongoing: $350 p.a.
Monthly Payment
$2,934
Contact Broker
Aussie logo
Interest only 2Y Fixed20% min. depositInvestmentOffset account
Aussie logo
Interest only 2Y Fixed20% min. depositInvestmentOffset account
Product NameAussie Elevate Fixed Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.6.59%
Comp. Rate p.a.6.60%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountYes
Split Loan FacilityYes
Fixed Interest Option
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.59%
Comparison Rate
6.60%
Fees
Application: $498
Ongoing: $0 per month
Monthly Payment
$3,193
Contact Broker
Adelaide Bank logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
Adelaide Bank logo
Principal & Interest 2Y Fixed5% min. depositOwner-occupier
Product NameAdelaide Bank SmartSaver Fixed
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.64%
Comp. Rate p.a.6.13%
Minimum Loan Amount$10,000
Maximum Loan Amount $5,000,000
Maximum Loan Term30 years
Maximum LVR 95%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
5.64%
Comparison Rate
6.13%
Fees
Application: $299
Ongoing: $0 per month
Monthly Payment
$2,887
Contact Broker
HSBC logo
Principal & Interest 2Y Fixed20% min. depositInvestment
HSBC logo
Principal & Interest 2Y Fixed20% min. depositInvestment
Product NameHSBC Fixed Rate Home Loan Package
Interest Rate TypeFixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.94%
Comp. Rate p.a.6.70%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term
Maximum LVR 80%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan Facility
Fixed Interest OptionNo
Loan Portable
Extra Repayments Yes
Finder score
Interest Rate
5.94%
Comparison Rate
6.70%
Fees
Application: $0
Ongoing: $0 p.a.
Monthly Payment
$2,982
Contact Broker
Virgin Money logo
Interest only 2Y Fixed20% min. depositInvestmentMIn $300k
Virgin Money logo
Interest only 2Y Fixed20% min. depositInvestmentMIn $300k
Product NameVirgin Money Reward Me Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Interest Only
Interest Rate p.a.7.14%
Comp. Rate p.a.6.84%
Minimum Loan Amount$300,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 80%
Loan Redraw FacilityYes
Offset AccountNo
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
7.14%
Comparison Rate
6.84%
Fees
Application: $300
Ongoing: $10 per month
Monthly Payment
$3,377
Contact Broker
BOQ logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
BOQ logo
Principal & Interest 2Y Fixed10% min. depositOwner-occupier
Product NameBank of Queensland Fixed Rate Home Loan
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.5.89%
Comp. Rate p.a.6.41%
Minimum Loan Amount$150,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountNo
Split Loan FacilityNo
Fixed Interest OptionNo
Loan PortableNo
Extra Repayments Yes
Finder score
Interest Rate
5.89%
Comparison Rate
6.41%
Fees
Application: $0
Ongoing: $10 per month
Monthly Payment
$2,966
Contact Broker
Bankwest logo
Principal & Interest 2Y Fixed10% min. depositInvestmentOffset account
Bankwest logo
Principal & Interest 2Y Fixed10% min. depositInvestmentOffset account
Product NameBankwest Complete Home Loan Package Fixed
Interest Rate Typefixed rate
Repayment Type Principal & Interest
Interest Rate p.a.6.19%
Comp. Rate p.a.7.91%
Minimum Loan Amount$200,000
Maximum Loan Amount N/A
Maximum Loan Term30 years
Maximum LVR 90%
Loan Redraw FacilityNo
Offset AccountYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Extra Repayments Yes
Finder score
Interest Rate
6.19%
Comparison Rate
7.91%
Fees
Application: $0
Ongoing: $395 p.a.
Monthly Payment
$3,063
Contact Broker
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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

What are the benefits of a 2-year fixed rate home loan?

  • Repayment certainty. The main reason borrowers fix is so they know their repayments won't change. This means you can budget accordingly.
  • Forget about rate rises. In times of rapid rate rises, fixed rate borrowers don't need to worry. While it's true that fixed rate loans are typically higher than variable rates, not having to worry about a rate rise just makes life a little simpler.
  • 2 years is a good sweet spot for many borrowers. How long you fix your rate depends on your goals and needs. For some borrowers, fixing for 1 year is simply not long enough. Fixing for a longer term like 4 or 5 years means a higher rate and less flexibility if you need to exit the loan. 2 years could be the perfect balance for some borrowers.

How do 2-year fixed rate home loans work?

A 2-year fixed rate home loan is like any other home loan: you borrow money and repay it over the loan term. The only difference is your interest rate won't move at all for the first 2 years of the loan.

After that, your loan reverts to a variable rate loan. Variable interest rate home loans can change at any time as lenders respond to changes in money markets and the overall economy.

Most lenders offer fixed rates between 1 and 5 years. Learn more about different fixed periods with these guides:

Are 2-year fixed rate loans higher than variable rate loans?

Over the last 2 years as interest rates have risen, fixed rates have been higher than comparable variable rates. But now, although there is talk of rates rising again, banks know borrowers won't want to lock in a higher rate for the foreseeable future because rates are expected to drop again once inflation is under control. As such, many fixed rates (particularly 2 and 3 year fixed) are lower than, or at least on par with, variable rates.

Is it too late to lock in a low 2-year fixed rate?

You should consider fixing your rate if you want to forget about rate rises and enjoy knowing exactly how much you should budget on mortgage repayments each month.

But if you're trying to lock in the lowest rate on the market, that ship has sailed. If you want the lowest possible rate, you might be better off with a variable rate (even if rates are going to rise further).

You can see the current difference between fixed and variable rates on our average interest rates guide.

How do I compare 2-year fixed rate home loans?

To make sure you get a great deal on a 2-year fixed rate loan, pay attention to the rate, the fees and the loans' features.

Focus on the following:

Interest rate

Look for a lower rate

If you decide you want a 2-year fixed rate, compare your options to find a lower one. Why pay more interest for no reason?

Fees

Look for a loan with low fees

When some loans come with multiple fees and others almost none, a low-fee loan is a no-brainer.

A lower interest rate is more important, but low fees are another way to save on your loan costs.

Features

Loan features

Fixed rate loans have fewer features than variable rate loans, like 100% offset accounts or the ability to make extra repayments. But some do, so it's worth comparing.

But even if a 2-year fixed rate lacks these features, you'll be on a variable rate in 24 months. Then the loan will give you more features and repayment options.

What kind of 2-year fixed rate home loans are available?

Owner-occupiers and investors both have plenty of options if they want to lock in a fixed rate.

Examples of specific fixed rate home loan types include:

  • 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 2 years?

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

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Richard has written 558 Finder guides across topics including:
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2 Responses

    Default Gravatar
    StaceyOctober 4, 2022

    I paid the rate lock fee for an Anz 2yr fixed home loan on august 12th this year and now the loan has been approved they cannot find what the rate was on August 12th 2022 – where do I look to see what the 2 yr fixed home loan rate was in August before the last few rate hikes … all internet searches just show current rates and I dont want to get stung with a higher rate than what it was back then many thanks Stacey

      AvatarFinder
      RebeccaOctober 7, 2022Finder

      Hi Stacey,

      It is best to contact ANZ directly. They should have a record of the rates they previously offered.

      Kind regards,
      Rebecca

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