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abal banking Fixed Rate

The details shown below are for an owner occupier taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 95%

The details shown below are for an investor taking out a principal & interest, interest only loan of at least $50,000 with an LVR below 95%

Choose the version of this loan that suits you best

  • Owner Occupier (Principal & Interest, Interest Only)

    LVR < 95%

    Loan: $50,000

  • Investor (Principal & Interest, Interest Only)

    LVR < 95%

    Loan: $50,000

Fixed 3 year rate
2.30% p.a.
Comparison Rate*
4.36% p.a.
Service fee
$0.00
Upfront fee
$600
Fixed 3 year rate
2.70% p.a.
Comparison Rate*
4.47% p.a.
Service fee
$0.00
Upfront fee
$600

Mozo editorial review abal banking Fixed Rate

Last updated: 2 June 2020.

binocular icon
What's hot
  • Competitive fixed rates for 1-5 year loan terms
  • Only requires a 5% deposit
  • Split account option
  • 2020 Mozo Experts Choice Award winner
What's not
  • $600 application fee & $250 discharge fee
Mozo snapshot

If you’re looking for the right home loan to lock in your dream house then you’ve come to the right place! With 1-5 year fixed loan term options and competitive fixed rates starting from 2.85% p.a. (4.68% p.a. comparison rate*) for owner-occupiers, a low 5% minimum deposit requirement, and a split account option to top it all off, the 2020 Mozo Experts Choice Award winning Abal Banking Fixed Rate Home Loan just might do the trick!

key icon
Key features

The Abal Banking Fixed Rate Home Loan kicks things off with flexible 1-5 year fixed term options on loan amounts of $50,000 or more, with a 95% maximum LVR, which means you’ll be able to borrow with a deposit as low as 5%.

The loan offers competitive fixed interest rates for both owner-occupiers and investors, but keep in mind that the interest rate you get will depend on the loan term you choose. Here are the interest rates that are up for grabs according to the different rate tiers:

Owner-Occupier loans:

  • • Fixed 1-year interest rate: 2.85% p.a. (4.87% p.a. comparison rate*)
  • • Fixed 2-year interest rate: 2.85% p.a. (4.68% p.a. comparison rate*)
  • • Fixed 3-year interest rate: 2.90% p.a. (4.52% p.a. comparison rate*)
  • • Fixed 4-year interest rate: 3.00% p.a. (4.39% p.a. comparison rate*)
  • • Fixed 5-year interest rate: 3.05% p.a. (4.27% p.a. comparison rate*)


Investor loans:

  • • Fixed 1-year interest rate: 2.85% p.a. (4.87% p.a. comparison rate*)
  • • Fixed 2-year interest rate: 2.85% p.a. (4.68% p.a. comparison rate*)
  • • Fixed 3-year interest rate: 2.90% p.a. (4.52% p.a. comparison rate*)
  • • Fixed 4-year interest rate: 3.00% p.a. (4.39% p.a. comparison rate*)
  • • Fixed 5-year interest rate: 3.05% p.a. (4.27% p.a. comparison rate*)


With the Abal Banking Fixed Rate Home Loan, you’ll have the choice of either weekly, fortnightly or monthly repayments, so you can set up your regular repayments to suit your budget and lifestyle.

To add to this, the loan also comes with a few other flexible features, like a handy split account option which means you’ll be able to split your rate between fixed and variable rates.

snapshot
Who is it good for

From its competitive fixed rates on a wide range of loan term options and flexible features, there’s a lot to love about the Abal Banking Fixed Rate Home Loan.

Not to mention, with a low 5% minimum deposit requirement, this could be a great home loan option for Aussie borrowers who only have a small deposit saved up.

snapshot
Any catches

If you’re thinking of going with the Abal Banking Fixed Rate Home Loan, be aware that you’ll need to budget for the $600 application fee and $250 discharge fee.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.28% (4.82%*)

  • 2.28% (4.58%*)

  • 2.30% (4.36%*)

  • 2.80% (4.33%*)

  • 2.80% (4.17%*)

  • n/a

  • n/a

  • 5.04% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $250.00

Other financial bits
  • $50,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • no

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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 $150,000 over 25 years.

Details

Rates and fees information correct as at 22 October 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • n/a

  • n/a

  • n/a

  • n/a

  • 2.70% (4.86%*)

  • 2.70% (4.65%*)

  • 2.70% (4.47%*)

  • 3.00% (4.39%*)

  • 3.10% (4.29%*)

  • n/a

  • n/a

  • 5.04% p.a.

Fees
  • $600.00

  • $0.00

  • $0.00

  • $0.00

  • n/a

  • $0.00

  • $250.00

Other financial bits
  • $50,000

  • none

  • none

  • 95.00%

Features
  • Weekly, Fortnightly, Monthly

  • no

  • no

  • no

  • none

  • yes

  • no

  • none

  • none

  • none

*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 $150,000 over 25 years.

Customer Reviews

How are abal banking home loans rated by the Mozo community?

Overall
7.0/10
Price
6.3/10
Features
5.4/10
Customer service
6.9/10
Convenience
7.7/10
Trust
6.9/10
abal banking

About abal banking

Arab Bank of Australia is a wholly owned subsidiary of Arab Bank plc which has been operating in Australia since 1986. With branches in the Sydney Metropolitan district and in Melbourne, the Bank&'s mission is "to be a relationship bank delivering superior service and excellence in selected products". Check out their competitive home loans and transaction and savings accounts, which will give you unlimited number of free ATM transactions at over 3,100 rediATMs across the country, as well as their term deposits and personal loans.

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*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 $150,000 over 25 years.