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Home Loans Frequently Asked Questions

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What is a fixed home loan?

A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.

The latest in home loan news

Home Loans

20/06/22 . 6 min read

Pros and cons of NSW's shared home equity scheme

NSW government may help pay 30-40% of the value of properties for frontline workers, single parents, and older single Australians in a new shared equity trial scheme. Let's explore the pros and cons of this scheme.

Home Loans

21/06/22 . 3 min read

Some of the best home loans for investors and refinancers in June 2022

Variable interest rates are likely to rise further before the year is out, with the RBA governor committing to “do what it takes” to get inflation under control. This could put more pressure on some Australian investors and refinancers, making it more important to compare available mortgage offers.

Home Loans

22/06/22 . 6 min read

ANZ and Westpac lift fixed rates while the RBA eyes off another double cash rate hike

Australia’s fourth largest lender, ANZ, has today hiked fixed rates by up to 0.90 percentage points. This comes a day after Westpac hiked fixed rates by 0.50 percentage points for customers looking to lock in their rate.

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Promoted products

Promoted

loans.com.au Pty Ltd

Solar Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I
Interest Rate

5.99%

p.a

Comparison Rate*

6.51%

p.a

More detailsmore-details

Australian Credit Licence 395219Fees & charges apply

Promoted

loans.com.au Pty Ltd

Variable Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 10% min deposit
  • P&I
Interest Rate

6.04%

p.a

Comparison Rate*

6.06%

p.a

More detailsmore-details

Australian Credit Licence 395219Fees & charges apply

Promoted

Unloan (a division of CBA)

Variable Rate Home Loan LVR < 80%

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 20% min deposit
  • P&I

special

Receive an extra 0.01% p.a. discount every year, up to a maximum discount of 0.30% p.a.
Interest Rate

5.99%

p.a

Comparison Rate*

5.90%

p.a

More detailsmore-details

Australian Credit Licence 234945Fees & charges apply

Promoted

ubank

Neat Home Loan

Real Time Rating™
  • Owner Occupied
  • Fixed undefined year
  • 40% min deposit
  • P&I

special

Get a home loan with low variable rates and no annual fee.
Interest Rate

6.09%

p.a

Comparison Rate*

6.11%

p.a

More detailsmore-details

Australian Credit Licence 230686Fees & charges apply

Product data updated on 23 May 2025