Fixed rate home loans to lock in a bargain

Kelly Emmerton

26 Sep 2017

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If you’re the kind of person who likes to know what’s around the corner, then you might be on the search for a fixed rate home loan - and we’ve got good news for you!

This month alone there has already been fixed rate cuts from 15 lenders, with an average drop of 0.17%, which means now could be the perfect time to lock in a great low rate on your home loan.

But low rates aren’t the only reason to choose a fixed rate. It also means you’ll be able to plan a budget to fit your repayments for the next 12 months, five years, or even the next decade!

To get started on locking down a great deal, check out our handpicked list of fixed rate mortgage options below:

Top fixed rate home loans - rates updated daily

  • Promoted

    Bank of Queensland

    2.99% p.a.
    fixed 3 years

    4.09% p.a.

    $1234

    Product details Close details
    3 Year Discount Fixed Rate

    $1,000 cashback for first home buyers. Apply by 31 August 2019. Minimum loan amount of $300k. 20% deposit needed. Free additional repayments up to $5,000 per year.

    • 2.99% p.a.
      fixed 3 years

    • 4.09% p.a.

    • $450

    • $10.00 monthly

    • $320.00

    • yes - free up to $5,000 p.a

    • no

    • no

    • 80.00%

    • $300,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the 3 Year Discount Fixed Rate

  • Promoted

    UBank

    2.99% p.a.
    fixed 3 years

    3.45% p.a.

    $1234

    Product details Close details
    UHomeLoan

    Fast, easy apply and no ongoing fees. Choose between weekly, fortnightly or monthly repayments. 1 year fixed rates are for new Owner Occupier Principal & Interest loans. Winner of a Mozo Experts Choice Award 2019 in the Fixed Rate Home Loan category.^

    • 2.99% p.a.
      fixed 3 years

    • 3.45% p.a.

    • $395

    • $0.00

    • $0.00

    • yes - free up to $20,000 p.a.

    • no

    • no

    • 80.00%

    • $100,000

    • $2,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the UHomeLoan

  • Promoted

    IMB Bank

    2.99% p.a.
    fixed 2 years

    3.55% p.a.

    $1234

    Product details Close details
    Fixed Home Loan

    Free extra repayments up to 1 year in advance & borrow up to 90% of the property value

    • 2.99% p.a.
      fixed 2 years

    • 3.55% p.a.

    • $799

    • $6.00 monthly

    • $350.00

    • yes - free up to 1 year in advance

    • yes - free

    • no

    • 90.00%

    • $10,000

    • $5,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Home Loan

  • Promoted

    loans.com.au

    3.19% p.a.
    fixed 3 years

    3.43% p.a.

    $1234

    Product details Close details
    Fixed Rate Special Offer

    This 2 Year Fixed Rate Special Offer for purchase or refinance. Rate lock option available. No monthly or ongoing fees.

    • 3.19% p.a.
      fixed 3 years

    • 3.43% p.a.

    • $520

    • $0.00

    • $0.00

    • yes - free up to $10,000 p.a.

    • no

    • no

    • 80.00%

    • $50,000

    • $1,000,000

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Rate Special Offer

  • Promoted

    Newcastle Permanent

    3.24% p.a.
    fixed 3 years

    4.15% p.a.

    $1234

    Product details Close details
    Fixed Rate Home Loan Premium Plus Package

    Winner of two Mozo Experts Choice Awards 2019 - Fixed Rate Home Loan & Investor Fixed Home Loan.^

    • 3.24% p.a.
      fixed 3 years

    • 4.15% p.a.

    • $0

    • $395.00 yearly

    • $0.00

    • yes - free up to $25,000 p.a.

    • yes - free

    • no

    • 95.00%

    • $5,000

    • -

    • Fixed

    • Principal & Interest

    • Owner Occupier

    • Weekly, Fortnightly, Monthly

    Read our Mozo Review to learn more about the Fixed Rate Home Loan

*WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for the amount and term you entered.

**Initial monthly repayment figures are estimates only, based on the advertised rate, and a loan of $500,000 repaid over 25 years. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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