Top fixed rate mortgages*

Rates and fees last updated on

Little known ways to find a great fixed rate mortgage.

Fixedmortgages

Fixed rate home loans provide certainty in what can be a fast changing home loan market. The benefits are simple: you’ll enjoy an interest rate which doesn’t change for a number of years, and because of this your repayments won’t change either. This allows you to create an accurate budget, and not worry about your home loan changing during your fixed term.

If you’re already sold on the idea, there’s still the challenge of finding the right fixed rate mortgage for you.

Finding the top fixed rate mortgage is difficult as everyone is different. We’ve included some fixed rate home loans which we feel are good choices to add to anyone’s comparison, but you should compare and find out what fixed rate home loans might suit you.

Fixed rate mortgage comparison

Here are some fixed rate home loans you might want to consider adding to your comparison.

Compare today's fixed rate home loans below

Rates last updated October 21st, 2017
$
Loan purpose
Offset account
Loan 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
3.49%
4.47%
$0
$375 p.a.
90%
Discount off an already competitive interest rate for loans over $150k. NSW, QLD and ACT residents only.
3.65%
4.84%
$0
$395 p.a.
90%
A 2 years fixed platinum package that has $0 application and a loan redraw facility.
3.69%
4.15%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.65%
4.10%
$500
$0 p.a.
95%
Get a discounted fixed interest rate for the first 12 months while you settle into your new loan.
3.69%
4.86%
$0
$395 p.a.
90%
A special rate for first home buyers buying residential property and borrowing over $150K. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.69%
4.45%
$0
$375 p.a.
90%
Discount off an already competitive 2 year fixed rate for loans over $150k. NSW,QLD and ACT residents only.
3.69%
4.00%
$0
$350 p.a.
95%
Fix your rate for 3 years and borrow up to 95% LVR.
3.84%
4.83%
$0
$0 p.a.
95%
Get a competitive 2-year fixed rate with no application or ongoing fees.
3.85%
4.10%
$500
$0 p.a.
95%
Apply for Easy Street fixed rate home loans and get a competitive loan with a fixed interest rate.
3.89%
4.72%
$445
$6 monthly ($72 p.a.)
90%
3 years fixed interest terms and free access to redraw facility online.
3.99%
4.08%
$395
$0 p.a.
80%
An online home loan offer with a fixed interest offer for 3 years.
3.84%
4.21%
$0
$395 p.a.
95%
Lock in a competitive rate for owner occupiers for two years. Extra repayments up to $30,000 over the life of the fixed period can be made.
3.79%
4.00%
$0
$10 monthly ($120 p.a.)
90%
Get a competitive interest rate for 3 years and a discounted variable rate when the fixed period ends.
3.74%
4.42%
$0
$375 p.a.
90%
Enjoy discounts on banking products and insurance with this package loan. NSW, QLD and ACT residents only.
3.88%
4.89%
$0
$395 p.a.
95%
A fixed rate package with flexible repayment options. 350K NAB Rewards Points offer available. Terms and conditions apply.
3.94%
3.71%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.99%
4.77%
$0
$0 p.a.
95%
A competitive 3 year fixed rate with a redraw facility and split loan options, plus no application fee.
4.59%
5.01%
$0
$395 p.a.
95%
A competitive loan with flexible features. 350K NAB Rewards Points offer available. Terms and conditions apply.
4.44%
3.94%
$0
$0 p.a.
80%
This is a fixed rate loan for owner occupiers with few fees and a fast online approval process. Offset accounts are an optional extra.
3.99%
3.84%
$0
$0 p.a.
80%
A two year fixed rate home loan with no annual or application fees.
3.88%
4.94%
$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.
3.99%
4.99%
$0
$395 p.a.
95%
A package home loan with fee free extra repayments available during the fixed term.
4.03%
5.04%
$600
$10 monthly ($120 p.a.)
95%
Get a 2-year fixed rate with flexible repayment options to help you save.
3.85%
4.95%
$0
$395 p.a.
95%
A discounted package rate for owner occupiers with the ability to package a Qantas rewards earning Amplify credit card. $1,500 cashback available for refinancers. Conditions apply.
3.99%
5.03%
$0
$8 monthly ($96 p.a.)
95%
Enjoy a 2-year fixed rate with interest-only options and a partial offset account.
4.09%
4.98%
$0
$395 p.a.
90%
Lock your rate in for 3 years and enjoy a discount on your loan of $150,000 -$249,000.
3.88%
4.88%
$0
$395 p.a.
95%
Lock in a discounted fixed rate with a low service fee.

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What is a top fixed rate mortgage?

Simply put, this is a fixed home loan which excels in one or many areas. It might have a competitive rate, allow a large amount of extra repayments to be made every year, have low fees, or offer a 100% offset - or combine these benefits.

Because everyone is different, what you consider to be the top fixed rate home loan will depend on a range of factors, including:

  • How much you plan to put towards your loan - if you won’t be putting any extra funds towards your loan there’s no point looking for a loan which allows a large amount of additional repayments to be made each year.
  • How long you plan to keep your property for - If you plan to move in three years there’s no use getting a four year fixed rate mortgage.
  • What features you use - If you enjoy using a 100% offset account it stands to reason that the top fixed rate home loan for you will include this feature.
  • What are your fees now - If you have a home loan with low fees already, you’ll want to try to find another home loan with low fees. A home loan with high fees might not be too bad if you net savings off of the features and rates it has.

How to compare top fixed rate mortgages

There are three main areas where you’ll want to focus when comparing fixed rate home loans. These include:

  • The interest rate. Compare not just the advertised rate, but also the comparison rate, which takes into account more fees than the regular rate does. Use our RBA cash rate page to get an idea of where rates are heading in the short term, and speak to a mortgage broker or financial planner to get a better idea of where they might be heading over the course of the fixed term you’re interested in.
  • Fees. Fees should always be present in your comparison. Compare the upfront fees, as well as any fees for ongoing features. A home loan with higher fees might shouldn’t necessarily be omitted from your comparison if it provides the right mix of rates, feature and access.
  • Features. As mentioned above, make a list of the features you’d like in your home loan, and then search for these when carrying out a comparison. Fixed rate home loans aren’t as flexible as variable home loans in the features department, but some can come with 100% offset accounts and the ability to make additional repayments up to $30,000 a year and access to redraw facilities. If you don’t want to miss out on the advertised rate in the time it takes for your lender to approve your home loan you might be interested in a rate lock, which locks in the advertised rate usually for 60 days.

Finding a great fixed rate home loan is different for everyone. By comparing the different fees, features and rates offered on the loans above, you might be able to find a loan which suits you, your income and your lifestyle.

If comparing these loans is too confusing or time consuming, you can always get into contact with an experienced mortgage broker. They can help by sorting through relevant loans and helping you to select the best one.

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