Fixing locks your repayment for the fixed term only, and at the end of it the loan reverts to the lender's standard variable rate, which is often higher than what you could negotiate or refinance to. Most fixed loans also cap extra repayments and charge a break cost if you exit early, so the flexibility you give up counts as much as the rate. Fixed owner-occupier rates here start at 5.99%This is our lowest starting rate for these products. Other factors may change rates once you filter your results. See sorting and ranking for more info. p.a. (5.87% comparison rate) with Northern Inland Credit Union's Value Home Loan - Fixed 12M.
Rates checked against every provider’s own published dataWe show all of the product information we are able to access. For banking products that is each provider’s public Consumer Data Right (CDR) Product Reference Data endpoints, published under the Consumer Data Standards (CDS) maintained by the Data Standards Body. Where a provider does not publish a field, or a row is an editorial selection, we say so. on 19 Oct 2026
Borrowing $500,000 over 30 years at the lowest advertised shown:
Monthly repayment from
$2,995/mo
Total repaid
$1,078,034
Total interest
$578,034
Estimate only, based on the lowest advertised interest rate shown and assuming equal monthly repayments. Actual repayments depend on your rate, fees and loan terms.
We’re proudly supporting the Government’s initiative to help Australians purchase their first home… sooner. Border Bank will help you get into your first home with our low rates and great features.
Suitable for Investment and Owner Occupied residential borrowing with LVR up to 95%. Fixed and Variable rates available including for construction purpose (variable only)
Suitable for Investment and Owner Occupied residential borrowing, LVR up to 95%. Fixed and Variable rates available including for construction purpose (variable only)
Suitable for Investment and Owner Occupied residential borrowing. LVR up to 95%. Fixed and Variable rates available including for construction purpose (variable only)
Our 3 year Fixed Home Loan Package is perfect if you have a strict budget as you’ll know exactly… what your repayments will be. The Credit Union SA Fixed Home Loan Package offers a fantastic…
Our 3 year Fixed Home Loan Package is perfect if you have a strict budget as you’ll know exactly… what your repayments will be. XL Fixed Package Home Loans are available for 31 to 40 years, for…
Rates and fees are sourced from each provider’s CDR Product Reference Data where the provider publishes it.
Comparison rate warning and base criteria
Base criteria: repayment figures shown in this table are calculated on a loan of $500,000 over 30 years. Repayment estimates use each loan’s advertised interest rate, with the comparison rate shown beside it as a guide to total cost. These figures are examples only. They are not a quote, and they may not include all fees and charges.
*Warning: the comparison rate shown is calculated by the lender on its own standard example, usually a $150,000 loan over 25 years. This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
About this table: we publish this table so you can research credit products, by bringing together in one place the banking data lenders publish under the Consumer Data Right. Using that data, we have tried to show products that match this table’s title. This table does not compare all products, and there may be products with a lower rate in the market that are not shown here. Do your own research to find a product that suits your needs and financial goals. See how we choose products for tables like this.
Products are selected for relevance to the table and to the filters applied. They are not suggestions or recommendations, and the order they appear in is not a ranking of suitability.
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Rates, fees and charges are subject to change without notice. Before acting on any information shown here, you should confirm the rates, fees, charges and product information with the provider. For clarity, where we have used the terms “lowest” or “best”, these relate solely to the rates of interest offered by the provider and not to any other factor. The application of these terms to a particular product is subject to change without notice if the provider changes their rates.
This table does not compare every feature that may be relevant to you. Changing the filters will surface further relevant products. See how we sort and rank products and how we make money.
This information is general in nature. It does not take into account your objectives, financial situation or needs, and it is not a recommendation to apply for or hold any particular product. You should read the provider’s Key Facts Sheet, Target Market Determination and credit contract terms before deciding. CompareThat compares products. We do not arrange, approve or process applications.
What is a fixed rate home loan?
A fixed rate home loan locks your interest rate, and therefore your repayments, for a set term of commonly one to five years. It buys certainty: your repayments don’t move even if market rates rise. In exchange, you usually give up flexibility, with limits on extra repayments and often no offset account.
Pros and cons of fixing
Fixing protects your budget and removes the worry of rate rises during the term. The trade-offs are real, though: if rates fall you don’t benefit, extra repayments are usually capped, and leaving early can trigger a break cost. Some borrowers split the loan to get certainty on part and flexibility on the rest.
What happens when a fixed term ends
When the fixed term finishes, the loan typically reverts to the lender’s standard variable rate, which is often higher than the deals on offer. This is when many borrowers compare the market, refinance, or move to a lower variable rate.
How fixed rate home loans compare
The comparison rate, the revert rate after the fixed term, and how much can be overpaid during the term are the figures that separate them. Loans can be compared side by side, and the full market is on the home loans hub.
Expert view
“Fixing is buying certainty, not chasing the lowest possible rate. A steady repayment comes at the cost of offset and extra repayments. The day the fixed term ends matters too, because the revert rate is usually well above what new customers are being offered.”
JP
Jordan Pearce
Senior finance writer, CompareThat
Glossary
The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.
Term
What it means
Break cost
A fee charged for ending a fixed-rate loan early, reflecting the lender’s cost of unwinding the fixed funding.
Comparison rate
A single rate that combines the advertised interest rate with most fees and charges, so loans can be compared on a like-for-like basis.
Fixed rate
An interest rate locked for a set term, so repayments stay the same regardless of market movements, usually with limited extra repayments or offset.
Interest-only
A repayment type where you pay only the interest for a period; the loan balance does not reduce and the rate is often higher.
Lenders Mortgage Insurance (LMI)
A one-off insurance premium that protects the lender, usually charged when you borrow more than 80% of a property’s value.
Loan-to-value ratio (LVR)
The size of your loan expressed as a percentage of the property’s value. A 20% deposit gives an 80% LVR.
Offset account
A transaction account linked to your loan; its balance is offset against the loan, reducing the interest you are charged.
Principal and interest (P&I)
A repayment type that pays down both the amount borrowed and the interest, reducing the balance over the life of the loan.
Rate lock
An optional feature, usually for a fee, that holds a quoted fixed rate between application and settlement, protecting you if rates rise in the meantime.
Redraw
A facility that lets you access extra repayments you have made above the minimum, if you need the money back later.
Revert rate
The rate a fixed loan rolls onto when the fixed term ends, usually the lender’s standard variable rate.
Variable rate
An interest rate that can move up or down with the market, usually paired with more features such as offset and unlimited extra repayments.
Common questions
How long can I fix my home loan rate?+
Most lenders offer fixed terms from one to five years, and few go longer. Shorter terms give more flexibility; longer terms give more certainty.
Can I make extra repayments on a fixed loan?+
Usually only up to a capped amount each year, and many fixed loans don’t offer an offset account. The limits are set out in each loan’s terms.
What is a break cost?+
It’s a fee for ending a fixed term early, by refinancing, selling or switching, that reflects the lender’s cost of unwinding the fixed funding. It can be significant if rates have fallen.
What happens when my fixed term ends?+
The loan typically reverts to the lender’s standard variable rate, which is often higher than current deals. It is when many borrowers compare the market or refinance.
What is the difference between fixing and staying variable?+
Fixing gives certainty and a steady budget; variable gives features and flexibility. Some borrowers split the loan to get a bit of both.
The Numbers Behind This Market
What this market is paying or charging on average right now, and the official figures behind it.
We are not a lender, broker or bank. Product data comes straight from each provider’s own Consumer Data Right feed (Australia’s official open banking system) and is refreshed daily, so what you see reflects published rates and fees, not a sales pitch.
✓Not a credit provider: we do not lend, arrange loans or take applications.
✓Sourced from each provider’s CDR Product Reference Data, refreshed daily.
✓Payment can change where a product appears, never which products we show.
✓General information, not credit advice. CompareThat compares; it does not recommend.
Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.
