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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 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 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 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

  • Owner Occupier (Principal & Interest)

    LVR < 90%

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

  • Investor (Principal & Interest)

    LVR < 90%

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

  • Owner Occupier (Interest Only)

    LVR < 80%

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

  • Investor (Interest Only)

    LVR < 80%

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

Fixed 3 year rate
3.24% p.a.
Comparison Rate
2.75% p.a.
Service fee
$0.00
Upfront fee
$520
Fixed 3 year rate
3.44% p.a.
Comparison Rate
3.03% p.a.
Service fee
$0.00
Upfront fee
$520
Fixed 3 year rate
3.64% p.a.
Comparison Rate
2.84% p.a.
Service fee
$0.00
Upfront fee
$520
Fixed 3 year rate
3.84% p.a.
Comparison Rate
3.11% p.a.
Service fee
$0.00
Upfront fee
$520

Mozo editorial review loans.com.au Fixed Home Loan - last updated: 9 November 2021

4.5 / 5
binocular icon
What's hot
  • 2.99% p.a. (2.67% p.a. comparison 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 has one of the sharpest 2-year fixed rates currently on the market at 2.99% p.a. (2.67% 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. 

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Key features

With the Fixed Home Loan you can opt for three rate terms - a 1 year, 2 year and 3 year term. The rates will depend on how much equity or deposit you have available. The current two year special rate 2.99% p.a. (2.67% 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 ($220 or at cost) and a $300 settlement fee. 

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

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. 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. 

Picture of Niko Iliakis
Niko Iliakis
Money writer

Niko Iliakis is a finance journalist at Mozo specialising in home loans, property and interest rate movements. With an eye for facts and figures, Niko deep-dives into topics to help readers understand key info and make more informed financial decisions. He is ASIC RG146 (Tier 2) certified for general advice.

Details

Rates and fees information correct as at 6 December 2021. 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

2.44% (2.60%*)

2.99% (2.67%*)

3.24% (2.75%*)

3.54% (2.93%*)

3.69% (3.06%*)

n/a

n/a

2.59% p.a.

Fees

$0.00

$0.00

$220.00

$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.

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 6 December 2021. 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

2.64% (2.89%*)

3.19% (2.96%*)

3.44% (3.03%*)

3.74% (3.20%*)

3.49% (3.16%*)

n/a

n/a

2.89% p.a.

Fees

$0.00

$0.00

$220.00

$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.

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 6 December 2021. 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

2.84% (2.63%*)

3.39% (2.73%*)

3.64% (2.84%*)

3.94% (3.06%*)

4.09% (3.22%*)

n/a

n/a

2.59% p.a.

Fees

$0.00

$0.00

$220.00

$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.

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 6 December 2021. 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

3.04% (2.92%*)

3.59% (3.01%*)

3.84% (3.11%*)

4.14% (3.33%*)

4.29% (3.49%*)

n/a

n/a

2.89% p.a.

Fees

$0.00

$0.00

$220.00

$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.

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.

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About loans.com.au

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.