loans.com.au Fixed Home Loan

The details shown below are for an owner occupier taking out a principal & interest loan between $50,000 and $1,000,000 with an LVR below 90%

The details shown below are for an owner occupier taking out a interest only loan between $50,000 and $1,000,000 with an LVR below 80%

The details shown below are for an investor taking out a principal & interest loan between $50,000 and $1,000,000 with an LVR below 90%

The details shown below are for an investor taking out a interest only loan between $50,000 and $1,000,000 with an LVR below 80%

Choose the version of loan that suits you best

  • Owner Occupier (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $1,000,000

  • Owner Occupier (Interest Only)

    LVR < 80%

    Loan: $50,000 $1,000,000

  • Investor (Principal & Interest)

    LVR < 90%

    Loan: $50,000 $1,000,000

  • Investor (Interest Only)

    LVR < 80%

    Loan: $50,000 $1,000,000

4.29% p.a.

3.86% p.a.

$0.00

loans.com.au Fixed Home Loan

4.29% p.a.

3.86% p.a.

$0.00

4.44% p.a.

3.85% p.a.

$0.00

loans.com.au Fixed Home Loan

4.44% p.a.

3.85% p.a.

$0.00

4.49% p.a.

4.42% p.a.

$0.00

loans.com.au Fixed Home Loan

4.49% p.a.

4.42% p.a.

$0.00

4.64% p.a.

4.45% p.a.

$0.00

loans.com.au Fixed Home Loan

4.64% p.a.

4.45% p.a.

$0.00

Mozo Review   loans.com.au Fixed Home Loan Review

Last updated: 31 August 2018.

What's hot:
  • No annual fee

  • Reverts to low offset variable rate

What's not:
  • Only available for loans up to $1 million

Mozo snapshot:

If you are looking to lock in a low fixed rate, the Fixed Home Loan has competitive rates for 1, 2 and 3 year terms, starting from 3.94% (3.76% comparison rate). On top of low fixed rates you'll also enjoy no ongoing service fees and will be able to make free extra repayments up to $10,000 a year.  

Key features:

With the Fixed Home Loan you can opt for three rate terms. For 1 year you'll get a rate of 3.94%, the 2 year fixed rate is 3.99% and 3 years is 4.29%. Investor rates are 20 basis points higher.

Unlike other fixed rate home loans where after the fixed rate term comes to an end you revert to a higher standard variable rate, with the Fixed Home Loan, you'll automatically rollover to Loans.com.au's low offset variable rate which is one of the lowest in the market. Of course, before the fixed rate term comes to an end you should do your homework and compare your options before locking in or switching loans.

The loan is available for purchase or refinance but if you are looking at buying that multimillion dollar penthouse you'll need to look elsewhere. The maximum loan amount is $1 million and borrowers must have a LVR of 90% or less.

There are no ongoing or application fees with the Fixed Home Loan but there are some upfront costs you'll need to budget for including a valuation fee ($220 or at cost) and a $300 settlement fee. 

You can time your repayments to suit your pay cycle as there are weekly, fortnightly and monthly options available.

Who it's good for:

Borrowers that want to lock in their repayments while interest rates are low and are borrowing less than a million dollars. 

Any catches?

There is a $550 early discharge fee if you pay the loan out early. This would be on top of any break costs, which depending on the loan amount and the fixed term remaining can be high. It is best to only lock in if you are not planning to sell within the fixed time period. 

Details

Rates and fees information correct as at 17 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 3.94% (3.76%*)

  • 3.99% (3.78%*)

  • 4.29% (3.86%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 3.72% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 17 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.09% (3.76%*)

  • 4.14% (3.80%*)

  • 4.44% (3.85%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 3.72% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 17 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.14% (4.37%*)

  • 4.33% (4.38%*)

  • 4.49% (4.42%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 4.37% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 90.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 17 October 2018.

Rates
  • p.a.

  • p.a.

  • 0 Months

  • none

  • 4.29% (4.38%*)

  • 4.48% (4.41%*)

  • 4.64% (4.45%*)

  • (*)

  • (*)

  • (*)

  • (*)

  • 4.37% p.a.

Fees
  • $0.00

  • $0.00

  • $220.00

  • $300.00

  • none

  • $0.00

  • $0.00

Other financial bits
  • $50,000

  • $1,000,000

  • none

  • 80.00%

Features
  • Weekly, Fortnightly, Monthly

  • yes - free up to $10,000 p.a.

  • no

  • no

  • none

  • yes

  • no

  • $300 discharge fee and $250 discharge documentation fee applicable if loan doesnt go to full term.

  • 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 loans.com.au home loans rated by the Mozo community?

Overall customer rating
8.2/10
Price
9.1/10
Features
8.2/10
Customer service
7.9/10
Convenience
7.3/10
Trust
7.7/10

Latest review of loans.com.au Fixed Home Loan

  • Overall
    10/10
    Great customer service, great features, great rate

    I have had a great experience with this provider. Great service, great advice, quick loan...

    I have had a great experience with this provider. Great service, great advice, quick loan approval, great rates, great features. No hidden costs. Easy to make changes to repayments and friendly people to talk to. Would recommend this service to anyone.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    8/10
    Trust
    8/10

    Carly | Victoria

    reviewed about 4 years ago

loans.com.au

About loans.com.au

100% Australian owned, loans.com.au opened its doors in 2010 with a vision of "making it easier for people to own and invest in property". loans.com.au offers a winning combination of low interest rates and fees and a commitment to excellent customer service. loans.com.au runs its own call centre and caters to home, investment and personal finance borrowers.

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3.64% p.a.

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$150

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3.67% p.a.

3.69% p.a.

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3.64% p.a.

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3.79% p.a.

3.80% p.a.

$0

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3.65% p.a.

3.66% p.a.

$0

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3.99% p.a.
fixed 3 years

4.31% p.a.

$520

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Ultimate Fixed Home Loan (Package)

n/a

n/a

$0

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UHomeLoan (Fixed)

3.74% p.a.
fixed 3 years

4.01% p.a.

$395

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Fixed Rate Total Home Loan (Package)

3.83% p.a.
fixed 3 years

4.90% p.a.

$0

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3.99% p.a.
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4.82% p.a.

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3.87% p.a.
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4.02% p.a.

$150

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3.90% p.a.
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4.78% p.a.

$600

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3.74% p.a.
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$395

*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.