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loans.com.au Fixed Home Loan

Advertiser disclosure
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 this loan that suits you best

Availability Loan type LVR Min loan amount Max loan amount
Owner Occupier Principal & Interest < 90% $50,000 $1,000,000
Owner Occupier Interest Only < 80% $50,000 $1,000,000
Investor Principal & Interest < 90% $50,000 $1,000,000
Investor Interest Only < 80% $50,000 $1,000,000
  • 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
Fixed 3 year rate
6.09% p.a.
Comparison Rate
6.71% p.a.
Service fee
$0.00
Upfront fee
$530
Fixed 3 year rate
6.49% p.a.
Comparison Rate
7.11% p.a.
Service fee
$0.00
Upfront fee
$530
Fixed 3 year rate
6.29% p.a.
Comparison Rate
6.99% p.a.
Service fee
$0.00
Upfront fee
$530
Fixed 3 year rate
6.69% p.a.
Comparison Rate
7.15% p.a.
Service fee
$0.00
Upfront fee
$530

Mozo editorial review loans.com.au Fixed Home Loan - last updated: 4 March 2024

binocular icon
What's hot
  • 5.94% p.a. (6.57% p.a. comparison rate*) 5-year rate
  • No annual fee
  • Reverts to low offset variable rate
What's not
  • Only available for loans up to $1 million
Mozo snapshot

If you're looking to lock in a low fixed rate, online lender loans.com.au is currently offering a 5-year fixed rate of 5.94% p.a. (6.57% p.a. comparison rate*), so long as you've got at least a 10% deposit. On top of the low fixed rate, you'll also enjoy no ongoing service fees and will be able to make free extra repayments up to $10,000 a year. 

key icon
Key features

With the Fixed Home Loan you can opt for five rate terms, with loan term options of between 1 to 5 years. The rates will depend on how much equity or deposit you have available. The current two year rate 6.14% p.a. (6.77% p.a. comparison rate*) is only available for loans with an LVR of 90% or less. 

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 more competitive options. Of course, before the fixed rate term comes to an end you should do your homework and compare your home loan 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 ($230 or at cost) and a $300 settlement fee. There is also a rate lock fee of $350 for all 5-year fixed rate products if you decide to lock in your application rate, but the lock period is up to 90 days during settlement.

You can also time your repayments to suit your pay cycle with weekly, fortnightly and monthly options available.

There is also a 5-year fixed rate option with this loan, where you could score 5.94% p.a. (6.57% p.a. comparison rate*) on owner-occupier (principal & interest) for loans with a maximum LVR of 90% with loan amounts between $50,000 and $1m. Keep in mind that this main headline rate will revert to a variable rate of after 5 years.


snapshot
Who is it good for

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

question icon
Any catches

There is a $550 early discharge fee if you pay the loan out early, and the upfront $350 for an application rate lock is eyebrow raising. 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 16 July 2024. 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

6.34% (6.83%*)

6.14% (6.77%*)

6.09% (6.71%*)

6.24% (6.70%*)

5.94% (6.57%*)

n/a

n/a

6.84% p.a.

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$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. Rate Lock Period is available for 90 day period with a $359 rate lock fee.

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 16 July 2024. 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

6.74% (7.23%*)

6.54% (7.17%*)

6.49% (7.11%*)

6.64% (7.11%*)

6.69% (7.09%*)

n/a

n/a

7.24% p.a.

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$1,000,000

none

80.00%

Features

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. Rate Lock Period is available for 90 day period with a $359 rate lock fee.

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 16 July 2024. 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

6.54% (7.12%*)

6.34% (7.05%*)

6.29% (6.99%*)

6.44% (6.98%*)

6.49% (6.95%*)

n/a

n/a

7.14% p.a.

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$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. Rate Lock Period is available for 90 day period with a $359 rate lock fee.

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 16 July 2024. 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

6.94% (7.24%*)

6.74% (7.19%*)

6.69% (7.15%*)

6.84% (7.16%*)

6.89% (7.15%*)

n/a

n/a

7.24% p.a.

Fees

$0.00

$0.00

$230.00

$300.00

n/a

$0.00

$0.00

Other financial bits

$50,000

$1,000,000

none

80.00%

Features

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. Rate Lock Period is available for 90 day period with a $359 rate lock fee.

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

Overall
7.9/10
Price
8.9/10
Features
8.0/10
Customer service
7.7/10
Convenience
7.2/10
Trust
7.5/10
Based on 674 loans.com.au home loan reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of loans.com.au Fixed Home Loan

About loans.com.au

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6.14% p.a.

6.17% p.a.

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Offset Home Loan (Package)

6.14% p.a.

6.39% p.a.

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6.41% p.a.

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6.54% p.a.
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6.38% p.a.

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6.41% p.a.

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.

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