MyRate.com.au Fixed Loan

  • MyRate.com.au
  • 4.85%

  • 5.09%

  • $0.00

  • $0

Rates

Variable rate
none
Intro rate
none
Intro rate term
0 Months
Intro rate type
Variable
Fixed 1 year rate
4.85% (5.14%*)
Fixed 2 year rate
4.75% (5.10%*)
Fixed 3 year rate
4.85% (5.09%*)
Fixed 4 year rate
4.99% (5.11%*)
Fixed 5 year rate
5.20% (5.19%*)
Fixed 7 year rate
(*)
Fixed 10 year rate
(*)
Fixed loan revert rate
5.17%

Fees

Application fee
$0.00
Legal fee
none
Valuation fee
none
Settlement fee
none
Other upfront fee (% of loan)
none
Service fee
$0.00
Discharge fee
$250.00

Other financial bits

Minimum loan amount
$100,000
Maximum loan amount
$2,000,000
Minimum LVR
none
Maximum LVR
95.00%

Features

Repayment Frequency
Fortnightly, Monthly
Extra repayments
yes - free up to $10,000 pa
Repayment holidays
no
Redraw facility
no
Minimum redraw amount
none
Split account
yes
Offset account
no
Other restrictions
Can capitalise LMI to a maximum LVR of 97%. Lower maximum LVRs may apply for loans over $1 million.
Other benefits
none

About MyRate.com.au

Myrate.com.au is an award winning home loan lender, providing customers with low interest rate mortgages with low or no fees. Myrate.com.au helps its customers find the right home loan to suit their financial needs.

How are MyRate.com.au home loans rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
MyRate.com.au home loan 2.8 Based on 5
MyRate.com.au home loan reviews
4.0 4.4 3.4 2.6 1.6

Read MyRate.com.au home loan reviews by the Mozo community

Latest reviews of MyRate.com.au Fixed Loan

  • Information flow is extremely poor

    1. Overall customer rating
    2. (Reviewed almost 2 years ago)

    Interest rate adjustments have been tardy and customer service is poor.  Full review 

    Interest rate adjustments have been tardy and customer service is poor.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    MyRate.com.au Fixed Loan home loan review by Andrea from Australian Capital Territory

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  • Be careful with variable rate with Myrate!

    1. Overall customer rating
    2. (Reviewed over 2 years ago)

    Be careful with myrate, as i'm an existing myrate customrer, the interest rate that they are charging me for my variable home loan is higher than what they are advertising!!! That is, they are advertising for 6.45% variable home load interest r...  Full review 

    Be careful with myrate, as i'm an existing myrate customrer, the interest rate that they are charging me for my variable home loan is higher than what they are advertising!!! That is, they are advertising for 6.45% variable home load interest rate and they are actually charing me 6.64%! I ring up and ask, they reply that the rate they are charging me depends on the period i sign up to the loan. So if you sign up today for example with 6.45%, as variable interest rate account they can adjust any time they like in the future!!! This is more so with today's load provider, they adjust rate independent of RBA and they review it at their leisure. Recent RBA o.5% reduction, they only passed o.3%!!!


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    MyRate.com.au Fixed Loan home loan review by Lewis from Victoria

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  • Easy application process with great people

    1. Overall customer rating
    2. (Reviewed almost 3 years ago)

    So very easy to apply for home loan and continuous contact throughout the application until approved or otherwise. Very competitive and not bullied by the big banks to follow suit with interest rates. Excellent, friendly and helpful personnel to d...  Full review 

    So very easy to apply for home loan and continuous contact throughout the application until approved or otherwise. Very competitive and not bullied by the big banks to follow suit with interest rates. Excellent, friendly and helpful personnel to deal with that show genuine interest in your life and why you want the loan.


      1. Price
      1. Features
      1. Customer service
      1. Convenience
      1. Trust
    Less
    MyRate.com.au Fixed Loan home loan review by Cheryl from Queensland

    Was this review helpful? Yes flag

* The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a home loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years, and applies only to this example. Different amounts and terms will result in different comparison rates. Full comparison rate schedules are available from lenders. Costs such as redraw fees or early repayment fees, and savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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