Online Home Loans Horizon Fixed Rate Loan

Looking for a home loan that combines the security of a fixed rate with the convenience of flexible repayment options? Meet the Online Home Loans Horizon Fixed Rate Loan.

For some borrowers, the security of a fixed interest rate on their home loan is an absolute must. Knowing exactly how much your repayments will be and that the rate won’t be affected by changes to the RBA’s official cash rate provides peace of mind and allows you to budget accordingly.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Review by

Tim Falk is a writer for Finder, writing across a diverse range of topics. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. When he’s not staring at his computer, you can usually find him exploring the great outdoors.

Expert review

The Online Home Loans Horizon Fixed Rate Loan is available to owner-occupiers and investors who want to purchase residential property. A full-doc loan, it allows you to lock in a fixed rate and enjoy fixed repayment amounts for three years. Once the fixed-rate period ends, the loan reverts to an Online Home Loans Horizon Variable Rate Loan.

The loan has a maximum LVR of 95%, although some rates are only available with an LVR of 80%. Investors also have the freedom to choose interest-only repayments over principal and interest repayments for a limited period if they wish.

About this loan

What are the features and benefits of the Online Home Loans Horizon Fixed Rate Loan?

The Online Home Loans Horizon Fixed Rate Loan offers a competitive fixed interest rate and an extensive range of other flexible features, including:

  • Maximum LVR. The Online Home Loans Horizon Fixed Rate Loan allows some borrowers to borrow up to 95% LVR, remembering that loans of more than 80% LVR may have different rates and will also attract the extra cost of lender's mortgage insurance.
  • Loan amount. You can borrow amounts between $150,000 and $1,500,000 with this loan.
  • Loan term. You can lock in a competitive fixed interest rate with this loan for three years, ensuring the security of guaranteed repayment amounts. Once this three years is up, the loan reverts to the Horizon Variable Rate Loan.
  • Repayment options. You can choose from three repayment schedules: weekly, fortnightly or monthly.
  • Free redraw facility. Although there are no additional repayments allowed on a fixed-rate loan, you can make additional repayments on the variable portion of your loan. Those funds can then be accessed through the loan's free redraw facility.
  • Loan split. The Online Home Loans Horizon Fixed Rate Loan also features a loan split facility that allows you to split your loan up to six times for free.

What fees and charges come with this loan?

  • Application fee: $275. This fee must be paid to cover the administrative costs incurred while preparing and establishing your loan.
  • Annual service fee: $299. The Online Home Loans Horizon Fixed Rate Loan includes this ongoing annual service charge.
  • Discharge fee: $308. You will need to pay this exit fee once you have paid off your loan.

How to apply

If the Online Home Loans Horizon Fixed Rate Loan sounds like it could be the ideal loan for you, click on one of the "Apply now" links on this page. This will take you to the Online Home Loans website, where you can read up on the full features of this loan and even begin the online application process.

However, you will need to satisfy a few criteria in order to be eligible for this loan:

  • Age. You must be at least 18 years old.
  • Residency. You must be a permanent Australian resident.
  • Loan purpose. The Online Home Loans Horizon Fixed Rate Loan is only available to owner-occupiers and investors purchasing an existing residential property.

As part of your application, you will be required to provide a range of personal and financial information to the lender. This will help with its assessment of your repayment capacity. You will be asked to supply:

  • Personal details. These include your name, address, date of birth and contact details.
  • Proof of ID. You'll need to supply a valid form of photo identification, for example a driver's licence.
  • Income details. The lender will request proof of employment and evidence showing your income, such as pay slips and bank statements.
  • Assets and liabilities. You'll need to report any liabilities you have, such as credit card debt, as well as any assets you own.
  • Property details. The lender will also require details of the property you plan to buy so it can organise an independent valuation of the property.

The Online Home Loans Horizon Fixed Rate Loan is definitely worth closer inspection if you want the security of a fixed interest rate. Compare it with a range of other fixed-rate loans before making a decision on where to obtain finance to buy a home.

Home Loan Offers

Important Information*

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site