Fixed Rate Home Loans Comparison
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Looking to lock in your interest rate and enjoy peace of mind? A fixed rate home loan offers the stability of knowing your repayments won’t change for a set period — making it a great option for budgeting and long-term planning. At Get Approved Loans, we compare offers from 75+ lenders, including the Big Four banks, to help you find the most competitive fixed rates in Australia.
What Is a Fixed Rate Home Loan?
A fixed rate home loan locks in your interest rate for a set term — typically 1 to 5 years. During this time, your monthly repayments remain the same regardless of changes to the Reserve Bank of Australia (RBA) cash rate. Once the fixed term ends, your loan usually reverts to a variable rate unless you renegotiate.
Why Fixed Home Loans Are a Good Choice
A fixed home loan offers predictability and protection from interest rate hikes. This makes them ideal for:
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Budget-conscious borrowers
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First home buyers looking for repayment certainty
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Investors seeking consistency for cash flow management
Popular terms include:
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3 year fixed rate – balanced between short-term certainty and flexibility
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5 year fixed rate home loan – long-term protection against future rate rises
Lowest Rate Fixed Rates in Australia
Our loan comparison engine finds the lowest available fixed rates in real time from over 75 lenders. Whether you’re after a short or long-term fixed loan, we help you uncover competitive deals from trusted providers like ANZ, Commonwealth Bank, Westpac and NAB.
Offset Accounts with Fixed Rate Packages
While offset accounts are more common with variable loans, some fixed rate loan packages offer partial offset or redraw facilities. This can help reduce interest over time without losing the certainty of fixed repayments.
Refinancing Your Home Loan
Got an existing home loan? Refinancing to a fixed rate home loan may save you thousands over the life of your loan — especially if rates are tipped to rise. Compare lenders and lock in a better rate with Get Approved Loans in just minutes.
Is It Time to Fix Your Rate?
With the RBA gradually lowering the cash rate, many Aussies are wondering whether to stay on a variable rate or lock in a 3 or 5 year fixed rate. The answer depends on your personal goals and risk appetite. Our expert partners can help you make an informed decision based on your financial situation.
How to Compare Fixed Mortgage Rates with Get Approved Loans
Use our smart loan comparison tool to:
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Options for bad credit, low-doc, and first-time borrowers
Get personalised results in minutes with AI-powered technology
Flexible Loan Amounts and Terms
Ready to Lock It In?
Don’t leave your loan to chance. Get matched with a fixed rate home loan that suits your goals — whether it’s a 2 year fixed, 3 year fixed, 5 year fixed, or anything in between.
Fixed Mortgage Frequently Asked Questions (FAQs)
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What is a fixed rate home loan?
A fixed rate home loan is a type of mortgage where the interest rate remains the same for a set period, usually between 1 to 5 years. This provides repayment certainty regardless of RBA rate changes.
Is a 3 year fixed rate or 5 year fixed rate better?
It depends on your financial goals. A 3 year fixed rate offers short-term certainty with flexibility later, while a 5 year fixed rate locks in your repayments for longer, which may suit those who want long-term stability.
Can I refinance to a fixed rate home loan?
Yes. If you’re currently on a variable rate or have a higher fixed rate, refinancing could save you money. Get Approved Loans helps compare refinance options from 75+ lenders.
Are fixed rate loans good for first home buyers?
Absolutely. Fixed rate loans can give first home buyers peace of mind, as repayments won’t increase during the fixed term.
Can I get an offset account with a fixed rate loan?
Some lenders offer partial offset or redraw facilities with fixed rate home loans. Compare all your options with Get Approved Loans.