Fixed Interest Rates

The fixed rates are now updated on a weekly basis. Please contact our office to obtain a fixed rate quote.

Fixed Rate

The interest rate may be locked in for one to five years. If you fix the entire loan you will have to sacrifice flexible features like the free offset, extra repayments and redraw. Currently we allow customers to make additional repayments of up to $10,000 at no cost, however any voluntary repayments above $10,000 will incur a partial break cost. In addition, all voluntary repayments are frozen and cannot be redrawn until the expiration of the fixed rate period.  Fixed rates are not locked in until the day of settlement, however should they change after loan agreements have been executed you will be given the opportunity to accept the new rate or settle the loan fully variable. Existing customers may fix their loan at any time at no cost. A form is available on this website to effect this request. Break costs apply if a fixed loan is switched back to variable prior to the expiration of the fixed rate period and this break cost could be substantial. The break cost formula may be found in the Terms and Conditions document supplied with your loan agreements. We suggest you obtain financial advice before taking out a fixed rate loan.

Comparison Rate

This shows you the real rate you pay, once the fees and other loan costs are taken into account. This figure allows you to compare home loans offered by all banks, non-bank lenders and credit unions. It factors in such things as honeymoon rates and fees and is a regulatory requirement. It is calculated based on a $150,000 loan over a 25 year period. For a more accurate comparison rate please refer to our Comparison Rate Schedule and select the product, term and loan amount that most closely corresponds with your loan.

Split Loans

You can split your home loan into as many as four sub-accounts after the settlement date. This means you can split your loan between fixed and variable rates, as well as Principal & Interest and Interest Only repayments. With the variable rate you've also got the bonus of a free offset redraw facility, so that every dollar you keep as redraw reduces the daily interest accrued on that part of your home loan.