RAMS Fixed Rate Home Loan

Rates and Fees verified correct on October 22nd, 2016

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 Fixed Rate
4.39% p.a.
Comparison Rate
5.20% p.a.
95% 80%
2 Year Fixed Rate
3.89% p.a.
Comparison Rate
5.05% p.a.
95% 80%
3 Year Fixed Rate
3.99% p.a.
Comparison Rate
4.99% p.a.
95% 80%
4 Year Fixed Rate
4.69% p.a.
Comparison Rate
5.15% p.a.
95% 80%
5 Year Fixed Rate
4.19% p.a.
Comparison Rate
4.92% p.a.
95% 80%
10 Year Fixed Rate
5.79% p.a.
Comparison Rate
5.86% p.a.
95% 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$220
Ongoing Fees$20 monthly ($240 p.a.)
Settlement Fee$275
Discharge Fee$295


  • You can make extra payments up to $25,000 without penalty during the fixed term
  • You can withdraw extra funds from the mortgage using the redraw facility (minimum $1000 redraw amount)
  • You can borrow up to 95% of the property value


  • There is an application fee of $595
  • There is a settlement fee of $275
  • There is a monthly service fee of $20
  • A discharge fee of $295 applies when you close your home loan account

Maximum LVR of up to 95%

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. If you're borrowing over 90% you'll need to hold 10% equity in other residential property or income producing assets.

RAMS will also 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.

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.

If you believe the interest rates might fall in a year or so, you might prefer to fix in for only a year or two. However, if the interest rates are still rising, you can protect yourself against this by fixing in for a longer term of five or ten years.

Splitting your fixed loan

There are times when you may not know which way you want to go – fixed or variable. In this event, 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 variable portion will still be susceptible to movements in the cash rate and may move up or down, depending on the market. Yet, the fixed portion of your mortgage will remain at the same interest rate you fixed it at the beginning of the fixed term.

Interest-only or principal and interest

You will be able to choose between making principal and interest repayments each month, or setting your payments to an Interest-Only option.

With Principal and Interest repayments, a portion of every payment you make is allocated to paying some of the interest due. The remainder of each payment will pay down your home loan balance. Every payment you make will steadily pay off your mortgage balance.

Interest Only payments only cover the amount of interest that has accumulated on the account. Payments made will not repay any of the borrowed mortgage amount.

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.

Fees and charges

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

  • Application Fee: $595
  • Valuation Fee: The first valuation is free. Subsequent valuations are charged at $220
  • Account-Keeping Fee: $20 per month.
  • Discharge Fee: $295
  • Settlement fee: $275

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.

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 Home Loans customers with a Fixed Rate Home Loan have the option to pay extra repayments off their balance. This can be done by nominating an extra amount to pay on top of your regular repayments, or you can transfer funds electronically into your home loan from a transaction account.

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.

Find out what your repayments will be in a few seconds

Ready to apply?

If you feel that the RAMS Fixed Rate Home Loan will be suitable for your needs, click the 'Go to site' button

RAMS Fixed Rate Home Loan Interest Rate History vs RBA Cash Rate Graph

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This page was last modified on 3 September 2015 at 15:01.

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8 Responses to RAMS Fixed Rate Home Loan

  1. Default Gravatar
    iqbal | August 17, 2016

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

    • Staff
      May | August 17, 2016

      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
    Melissa | July 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?

    • Staff
      Belinda | July 17, 2015

      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
    Marilyn | January 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?

    • Staff
      Marc | January 5, 2015

      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
    Nimi | April 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

    • Staff
      Shirley | April 10, 2014

      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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