RAMS Fixed Rate Home Loan

Forget about rising interest rates with a fixed rate from RAMS

The RAMS Fixed Rate Home Loan could be an ideal way to protect yourself against the potential worry of rising interest rates. If you want to stick to a budget while managing your repayments, this flexible fixed rate mortgage could be for you. It may also be ideal for investors who need to keep an eye on rental cash flow without ruining their rate of return.

Interest Rate Max Insured LVR Max LVR
1 Year (Investor, IO)
5.09% p.a.
Comparison Rate
6.40% p.a.
80% 80%
1 Year Fixed (Owner Occupier, IO)
5.09% p.a.
Comparison Rate
5.99% p.a.
80% 80%
1 Year Fixed Rate (Owner Occupier, P&I)
4.24% p.a.
Comparison Rate
5.38% p.a.
95% 80%
1 Year (Investor, P&I)
4.59% p.a.
Comparison Rate
5.87% p.a.
90% 80%
2 Years (Investor, IO)
4.29% p.a.
Comparison Rate
6.14% p.a.
80% 80%
2 Years (Investor, P&I)
3.95% p.a.
Comparison Rate
5.64% p.a.
90% 80%
2 Year Fixed Rate (Owner Occupier, P&I)
3.79% p.a.
Comparison Rate
5.20% p.a.
95% 80%
2 Years Fixed (Owner Occupier, IO)
4.74% p.a.
Comparison Rate
5.86% p.a.
80% 80%
3 Years (Investor, IO)
4.54% p.a.
Comparison Rate
6.04% p.a.
80% 80%
3 Years (Investor, P&I)
4.59% p.a.
Comparison Rate
5.67% p.a.
90% 80%
3 Year Fixed Rate (Owner Occupier, P&I)
3.89% p.a.
Comparison Rate
5.11% p.a.
95% 80%
3 Years Fixed (Owner Occupier, IO)
4.89% p.a.
Comparison Rate
5.81% p.a.
80% 80%
4 Years (Investor, P&I)
4.69% p.a.
Comparison Rate
5.61% p.a.
90% 80%
4 Years Fixed (Owner Occupier, IO)
5.09% p.a.
Comparison Rate
5.81% p.a.
80% 80%
4 Year Fixed Rate (Owner Occupier, P&I)
4.39% p.a.
Comparison Rate
5.18% p.a.
95% 80%
4 Years (Investor, IO)
5.29% p.a.
Comparison Rate
6.17% p.a.
80% 80%
5 Years (Investor, IO)
4.99% p.a.
Comparison Rate
5.97% p.a.
80% 80%
5 Years (Investor, P&I)
4.69% p.a.
Comparison Rate
5.54% p.a.
90% 80%
5 Years Fixed (Owner Occupier, IO)
5.09% p.a.
Comparison Rate
5.76% p.a.
80% 80%
5 Year Fixed Rate (Owner Occupier, P&I)
4.39% p.a.
Comparison Rate
5.13% p.a.
95% 80%
10 Year Fixed Rate (Owner Occupier, P&I)
5.64% p.a.
Comparison Rate
5.81% p.a.
95% 80%
10 Years (Investor, IO)
6.54% p.a.
Comparison Rate
6.76% p.a.
80% 80%
10 Years (Investor, P&I)
5.89% p.a.
Comparison Rate
6.14% p.a.
90% 80%
Product NameRAMS Fixed Rate Home Loan
Interest Rate TypeFixed
Comp Rate^ (p.a.)
Minimum Loan Amount$15,000
Minimum Loan Term1 year
Maximum Loan Term30 years
Maximum LVR80%
Maximum Insured LVR95%
Mortgage Offset AccountNo
Loan Redraw FacilityYes
Split Loan FacilityYes
Fixed Interest OptionYes
Loan PortableYes
Suitable for InvestmentYes
Extra RepaymentYes
Available as equity loan/line of creditNo
Repayment TypePrincipal & Interest and Interest Only Options
Application Fee$595
Lender's Legal Fee$0
Valuation Fee$0
Ongoing Fees$20 monthly ($240 p.a.)
Settlement Fee$285
Discharge Fee$295


  • You can make extra payments up to $30,000 without penalty during the fixed term.
  • You can withdraw extra funds from the mortgage using the redraw facility (minimum $1000 redraw amount).
  • Fixed Rate terms of 1-5 and 10 years available.
  • Can be used for construction or the purchase of investment properties.


  • There is an application fee of $595.
  • There is a settlement fee of $285.
  • There is a monthly service fee of $20 .
  • A discharge fee of $295 applies when you close your home loan account.
  • A $10 redraw fee applies.

Who is RAMS?

RAMS is a subsidiary of the Westpac Group, offering a range of competitive financial products with the backing of one of Australia's largest banks. RAMS has been offering flexible and affordable home loans since 1995.

Important points about the RAMS Fixed Rate Home Loan

This loan is available for owner occupiers or investors and can be paid either with principal and interest or interest-only repayments. It can be used to purchase an already established home or to fund the construction of a new property with a minimum loan amount of $15,000.

Key features of RAMS Fixed Rate Home Loan

  • Maximum Loan-to-Value Ratio. You can borrow up to 80% of the purchase price of the property without having to take out Lenders Mortgage Insurance. RAMS can offer loans of up to 95% of the purchase price of the property provided you satisfy the qualifying criteria. If you're borrowing over 85% of the purchase price of the property you'll need evidence of 5% genuine savings.
  • Lender's Mortgage Insurance or RAMS Risk Fee. In some cases add the cost of lenders mortgage insurance, or the 'RAMS Risk Fee' as they call it, into the total cost of your loan, meaning they can offer loans of up to 98.5% of the purchase price of the property on a full documentation loan if it's owner occupied and a principal and interest loan. Other loan types and repayment types have different maximum LVR's when this is capitalised will apply.
  • A range of fixed terms available. RAMS allows you to choose a fixed rate term that is right for your individual needs. Terms are available for 1, 2, 3, 4, 5, or 10 years. Interest is calculated daily on the outstanding balance, so this means the interest payment may fluctuate in some months. For example, there will be 31 days interest due some months, but only 30 days interest due in others.
  • Fixed Rate Lock. You can lock in the advertised interest rate at the time of application for a fee of 0.15% of the credit limit available and is applicable for up to 90 days from the date of the application being received by RAMS Origination.
  • Splitting your fixed loan. RAMS will allow you to split your mortgage. You can choose to leave a portion of your home loan on a variable rate and fix the remaining portion. The minimum amount of any split you choose to make in your loan needs to be a minimum of $15,000.
  • Flexible repayment options. Borrowers who choose the principal and interest option on their home loan have plenty of flexible repayment options. Payments can be made weekly, fortnightly or monthly. Alternatively, you can opt to pay interest only repayments but will need to have more deposit with the maximum LVR on interest-only loans being 80% with or without LMI or RAMS Risk Fee capitalised.
  • Redraw Facility. If you have paid extra amounts into your home loan account and suddenly find you need that extra cash back again, you are able to redraw from your home loan. The minimum redraw amount allowed is $1,000.
  • Extra Repayments. RAMS will allow you to pay up to $25,000 extra off your home loan throughout the fixed rate period. If you do end up contributing more extra payments into your mortgage throughout the fixed term, penalty fees may apply.
  • Value Advantage Package. This loan can be taken out in Value Advantage Package form. This entitles you to an interest rate discount, but it comes with a $375 annual service fee.

Fees and charges

As with all RAMS Home Loans, fees and charges will apply to your account:

Start of loan and throughout:

  • Application Fee: $595
  • Settlement fee: $285
  • Account-Keeping Fee: $20 per month.
  • Redraw fee: $10.

End of loan or changing your loan:

  • Discharge Fee: $295
  • Valuation Fee: The first valuation is free. Subsequent valuations are charged at $220.

Ready to apply?

If you’re over 18 and interested in the RAMS Fixed Rate Home Loan,go to the RAMS website to find out more information. You can then contact RAMS:

You can then contact RAMS which will end up with one of two options:

  • You can arrange a meeting with a RAMS home loan expert. This can be done by phoning RAMS directly or by filling out an online form and providing your name, postcode, contact details, employment status and borrowing needs.
  • You can request a callback. Simply fill out your state of residence and your phone number in an online form to request that a call from a RAMS representative.

RAMS will then contact you as soon as possible to chat about your borrowing needs and help you find the right loan.

With a range of fixed rate terms and great features if your looking for a loan that gives you budget piece of mind then the RAMS Fixed Rate Home Loan should be included in your home loan comparison and search.

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8 Responses

  1. Default Gravatar
    iqbalAugust 17, 2016

    I’m from Indonesia. would I get a loan?

    • finder Customer Care
      MayAugust 17, 2016Staff

      Hi Iqbal,

      Thank you for your question.

      Unfortunately, RAMS Fixed Rate Home Loan is only available to Australian residents. I’m afraid you might need to contact a lender or mortgage broker in Indonesia so you’ll be able to find a home loan facility for you.

      I’m sorry, I couldn’t be of more help.


  2. Default Gravatar
    MelissaJuly 17, 2015

    I’m thinking of getting a home loan again, but we are ‘start overs’ or ‘start again’ buyers. Had a few years of bad luck (husband unemployed for nearly 3 years – he’s in a dying trade). But we are back on track, but finding it difficult to save while paying rent at the same time. I have an excellent credit rating, and a great ongoing job which I have been in for 4 years. Could we qualify for 95% home loan?

    • finder Customer Care
      BelindaJuly 17, 2015Staff

      Hi Melissa,

      Thanks for reaching out.

      Lenders have different eligibility criteria for home loans but generally they will assess your ability to service the loan by reviewing your income and any existing debts or liabilities, as well as your ability to provide proof of genuine savings to complete the deposit, – among other factors.

      On this page you can compare a range of competitive home loans to find one that’s right for you
      and here you can use our borrowing capacity calculator to estimate how much you can afford to borrow.

      Please note that if you borrow more than 80% of the property price (i.e. LVR of > 80%), you’ll need to pay Lender’s Mortgage Insurance (LMI). It’s generally advisable that you borrow an LVR of 80% or less to avoid this cost.


  3. Default Gravatar
    MarilynJanuary 4, 2015

    I have an existing loan on a property that is now an investment property. Bank valuation of the property $320,000, loan $306,000.
    Currently loan is P&I. Current provider will not change the loan to IO.
    Are you able to provide an IO loan?

    • finder Customer Care
      MarcJanuary 5, 2015Staff

      Hi Marilyn,
      thanks for the question.

      RAMS offers interest only payment options on a range of their home loans. You can contact them by clicking the ‘Go to Site’ button on this page.

      I hope this helps,

  4. Default Gravatar
    NimiApril 10, 2014

    Hello there,
    We are currently looking for a land and a construction loan and would like to borrow up to 95% of the property value. Can someone please contact me and advise me on the LMI side and further info on borrowing
    Thank you

    • finder Customer Care
      ShirleyApril 10, 2014Staff

      Hi Nimi,

      Thanks for your question.

      If you’d like specialised advice for the RAMS Fixed home loan (such as the amount of LMI liable), please contact RAMS directly.

      Alternatively, you can click ‘go to site’ which will redirect you an enquiry form, and a RAMS consultant can contact you.


RAMS Fixed Rate Home Loan

  • Interest Rate


  • Comparison Rate


  • App Fee / Annual Service Fee

    $595 / $20

  • Max LVR


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