Compare 5-year fixed rate home loans from 5.59%

1 - 20 of 29

Name

Interest Rate p.a.

Comparison Rate p.a.

Fees

Monthly Payment

Suncorp Bank Home Package Plus Fixed

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Suncorp Bank Home Package Plus Fixed

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Product Name	Suncorp Bank Home Package Plus Fixed
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.99%
Comp. Rate p.a.	6.49%
Minimum Loan Amount	$150,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.99%

Comparison Rate

6.49%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$900

Contact Broker

Compare

Heritage Bank Advantage Package Fixed Home Loan

Principal & Interest 5Y Fixed10% min. depositInvestment

Heritage Bank Advantage Package Fixed Home Loan

Principal & Interest 5Y Fixed10% min. depositInvestment

Product Name	Heritage Bank Advantage Package Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.89%
Comp. Rate p.a.	6.57%
Minimum Loan Amount	$150,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	90%
Loan Redraw Facility	Yes
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.89%

Comparison Rate

6.57%

Fees

Application: $0
Ongoing: $350 p.a.

Monthly Payment

$890

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Qudos Bank Fixed Rate

Principal & Interest 5Y Fixed5% min. depositOwner-occupier

Qudos Bank Fixed Rate

Principal & Interest 5Y Fixed5% min. depositOwner-occupier

Product Name	Qudos Bank Fixed Rate
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.99%
Comp. Rate p.a.	6.16%
Minimum Loan Amount	$150,000
Maximum Loan Amount	N/A
Maximum Loan Term	5 years
Maximum LVR	95%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.99%

Comparison Rate

6.16%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$900

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Newcastle Permanent Premium Plus Package Fixed Rate

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Newcastle Permanent Premium Plus Package Fixed Rate

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Product Name	Newcastle Permanent Premium Plus Package Fixed Rate
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.59%
Comp. Rate p.a.	7.15%
Minimum Loan Amount	$0
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	Yes
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

5.59%

Comparison Rate

7.15%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$862

Compare

NRMA Insurance Fixed Home Loan

Principal & Interest 5Y Fixed10% min. depositOwner-occupierOffset account

NRMA Insurance Fixed Home Loan

Principal & Interest 5Y Fixed10% min. depositOwner-occupierOffset account

Product Name	NRMA Insurance Fixed Home Loan
Interest Rate Type	Fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	6.14%
Comp. Rate p.a.	6.23%
Minimum Loan Amount	$50,000
Maximum Loan Amount	$2,000,000
Maximum Loan Term	30 years
Maximum LVR	90%
Loan Redraw Facility	Yes
Offset Account	Yes
Split Loan Facility
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

6.14%

Comparison Rate

6.23%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$914

Contact Broker

Compare

Bank of Queensland Fixed Rate Home Loan

Interest only 5Y Fixed10% min. depositOwner-occupier

Bank of Queensland Fixed Rate Home Loan

Interest only 5Y Fixed10% min. depositOwner-occupier

Product Name	Bank of Queensland Fixed Rate Home Loan
Interest Rate Type	fixed rate
Repayment Type	Interest Only
Interest Rate p.a.	7.84%
Comp. Rate p.a.	7.17%
Minimum Loan Amount	$0
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	90%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	No
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

7.84%

Comparison Rate

7.17%

Fees

Application: $0
Ongoing: $0 per month

Monthly Payment

$1,085

Contact Broker

Compare

Heritage Bank Advantage Package Fixed Home Loan

Principal & Interest 5Y Fixed5% min. depositOwner-occupier

Heritage Bank Advantage Package Fixed Home Loan

Principal & Interest 5Y Fixed5% min. depositOwner-occupier

Product Name	Heritage Bank Advantage Package Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.69%
Comp. Rate p.a.	6.34%
Minimum Loan Amount	$150,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	95%
Loan Redraw Facility	Yes
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.69%

Comparison Rate

6.34%

Fees

Application: $0
Ongoing: $350 p.a.

Monthly Payment

$871

Contact Broker

Compare

HSBC Fixed Rate Home Loan Package

Principal & Interest 5Y Fixed40% min. depositOwner-occupier

HSBC Fixed Rate Home Loan Package

Principal & Interest 5Y Fixed40% min. depositOwner-occupier

Product Name	HSBC Fixed Rate Home Loan Package
Interest Rate Type	Fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.69%
Comp. Rate p.a.	6.31%
Minimum Loan Amount	$150,000
Maximum Loan Amount	N/A
Maximum Loan Term
Maximum LVR	60%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

5.69%

Comparison Rate

6.31%

Fees

Application: $0
Ongoing: $390 p.a.

Monthly Payment

$871

Contact Broker

Compare

ME Flexible Home Loan Fixed with Members Package

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

ME Flexible Home Loan Fixed with Members Package

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Product Name	ME Flexible Home Loan Fixed with Members Package
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.99%
Comp. Rate p.a.	6.54%
Minimum Loan Amount	$40,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	Yes
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.99%

Comparison Rate

6.54%

Fees

Application: $0
Ongoing: $395 p.a.

Monthly Payment

$900

Contact Broker

Compare

Bank Australia Basic Fixed Home Loan

Principal & InterestInterest only 5Y Fixed20% min. depositOwner-occupier

Bank Australia Basic Fixed Home Loan

Principal & InterestInterest only 5Y Fixed20% min. depositOwner-occupier

Product Name	Bank Australia Basic Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest Interest Only
Interest Rate p.a.	5.94%
Comp. Rate p.a.	6.10%
Minimum Loan Amount	$10,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	Yes
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

5.94%

Comparison Rate

6.10%

Fees

Application: $595
Ongoing: $0 p.a.

Monthly Payment

$895

Contact Broker

Compare

AMP Bank Basic Package Fixed Loan

Principal & Interest 5Y Fixed10% min. depositOwner-occupierOffset account

AMP Bank Basic Package Fixed Loan

Principal & Interest 5Y Fixed10% min. depositOwner-occupierOffset account

Product Name	AMP Bank Basic Package Fixed Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	7.44%
Comp. Rate p.a.	7.60%
Minimum Loan Amount	$40,000
Maximum Loan Amount	$2,000,000
Maximum Loan Term	30 years
Maximum LVR	90%
Loan Redraw Facility	Yes
Offset Account	Yes
Split Loan Facility	Yes
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

7.44%

Comparison Rate

7.60%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$1,044

Contact Broker

Compare

Aussie Select Basic Fixed Rate Home Loan

Principal & Interest 5Y Fixed5% min. depositOwner-occupier

Aussie Select Basic Fixed Rate Home Loan

Principal & Interest 5Y Fixed5% min. depositOwner-occupier

Product Name	Aussie Select Basic Fixed Rate Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	6.59%
Comp. Rate p.a.	6.49%
Minimum Loan Amount	$100,000
Maximum Loan Amount	$5,000,000
Maximum Loan Term	30 years
Maximum LVR	95%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

6.59%

Comparison Rate

6.49%

Fees

Application: $330
Ongoing: $0 p.a.

Monthly Payment

$958

Contact Broker

Compare

Aussie Elevate Fixed Home Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupierOffset account

Aussie Elevate Fixed Home Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupierOffset account

Product Name	Aussie Elevate Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	6.39%
Comp. Rate p.a.	6.36%
Minimum Loan Amount	$10,000
Maximum Loan Amount	$5,000,000
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	Yes
Offset Account	Yes
Split Loan Facility	Yes
Fixed Interest Option
Loan Portable
Extra Repayments	Yes

Interest Rate

6.39%

Comparison Rate

6.36%

Fees

Application: $498
Ongoing: $0 per month

Monthly Payment

$939

Contact Broker

Compare

ME Flexible Home Loan Fixed

Principal & Interest 5Y Fixed20% min. depositOwner-occupierOffset account

ME Flexible Home Loan Fixed

Principal & Interest 5Y Fixed20% min. depositOwner-occupierOffset account

Product Name	ME Flexible Home Loan Fixed
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	6.14%
Comp. Rate p.a.	7.53%
Minimum Loan Amount	$40,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	Yes
Offset Account	Yes
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

6.14%

Comparison Rate

7.53%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$914

Contact Broker

Compare

Macquarie Bank Basic Fixed Home Loan

Principal & Interest 5Y Fixed30% min. depositOwner-occupier

Macquarie Bank Basic Fixed Home Loan

Principal & Interest 5Y Fixed30% min. depositOwner-occupier

Product Name	Macquarie Bank Basic Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.69%
Comp. Rate p.a.	5.97%
Minimum Loan Amount	$150,000
Maximum Loan Amount	$10,000,000
Maximum Loan Term	30 years
Maximum LVR	70%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.69%

Comparison Rate

5.97%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$871

Contact Broker

Compare

HSBC Fixed Rate Home Loan

Principal & Interest 5Y Fixed20% min. depositInvestment

HSBC Fixed Rate Home Loan

Principal & Interest 5Y Fixed20% min. depositInvestment

Product Name	HSBC Fixed Rate Home Loan
Interest Rate Type	Fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	6.69%
Comp. Rate p.a.	7.34%
Minimum Loan Amount	$50,000
Maximum Loan Amount	$15,000,000
Maximum Loan Term
Maximum LVR	80%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

6.69%

Comparison Rate

7.34%

Fees

Application: $600
Ongoing: $0 p.a.

Monthly Payment

$968

Contact Broker

Compare

Macquarie Bank Offset Home Loan Package Fixed Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupierOffset account

Macquarie Bank Offset Home Loan Package Fixed Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupierOffset account

Product Name	Macquarie Bank Offset Home Loan Package Fixed Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.79%
Comp. Rate p.a.	6.27%
Minimum Loan Amount	$150,000
Maximum Loan Amount	$10,000,000
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	Yes
Offset Account	Yes
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.79%

Comparison Rate

6.27%

Fees

Application: $0
Ongoing: $248 p.a.

Monthly Payment

$881

Contact Broker

Compare

HSBC Fixed Rate Home Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

HSBC Fixed Rate Home Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Product Name	HSBC Fixed Rate Home Loan
Interest Rate Type	Fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	6.49%
Comp. Rate p.a.	7.14%
Minimum Loan Amount	$50,000
Maximum Loan Amount	$15,000,000
Maximum Loan Term
Maximum LVR	80%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	No
Loan Portable
Extra Repayments	Yes

Interest Rate

6.49%

Comparison Rate

7.14%

Fees

Application: $600
Ongoing: $0 p.a.

Monthly Payment

$948

Contact Broker

Compare

ING Orange Advantage Fixed Home Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

ING Orange Advantage Fixed Home Loan

Principal & Interest 5Y Fixed20% min. depositOwner-occupier

Product Name	ING Orange Advantage Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.74%
Comp. Rate p.a.	6%
Minimum Loan Amount	$50,000
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	80%
Loan Redraw Facility	No
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.74%

Comparison Rate

Fees

Application: $0
Ongoing: $299 p.a.

Monthly Payment

$876

Contact Broker

Compare

Greater Bank Great Rate Fixed Home Loan

Principal & Interest 5Y Fixed10% min. depositInvestment

Greater Bank Great Rate Fixed Home Loan

Principal & Interest 5Y Fixed10% min. depositInvestment

Product Name	Greater Bank Great Rate Fixed Home Loan
Interest Rate Type	fixed rate
Repayment Type	Principal & Interest
Interest Rate p.a.	5.79%
Comp. Rate p.a.	7.15%
Minimum Loan Amount	$0
Maximum Loan Amount	N/A
Maximum Loan Term	30 years
Maximum LVR	90%
Loan Redraw Facility	Yes
Offset Account	No
Split Loan Facility	Yes
Fixed Interest Option	Yes
Loan Portable
Extra Repayments	Yes

Interest Rate

5.79%

Comparison Rate

7.15%

Fees

Application: $0
Ongoing: $0 p.a.

Monthly Payment

$881

Compare

Showing 20 of 29 results

Lenders

Compare 5-year fixed rate home loans

Use the table below to compare 5-year fixed rate loans from different lenders.
With 5-year fixed rate home loans your repayments stay exactly the same for the first 5 years of the loan.
5-year fixed rates have higher rates than shorter fixed rate loans and are much higher than variable rate loans.

What is Finder Score?

The Finder Score crunches 7,000 home loans across 120+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.

To provide a Score, we compare like-for-like loans. So if you're comparing the best home loans for cashback, you can see how each home loan stacks up against other home loans with the same borrower type, rate type and repayment type. We also take into consideration the amount of cashback offered when calculating the Score so you can tell if it's really worth it.

Read the full Finder Score breakdown

How do 5-year fixed rate home loans work?

With any fixed rate home loan your interest rate won't change during the initial fixed period of the home loan. The fixed period is usually between 1 and 5 years.
After that the loan reverts to a variable interest rate for the remainder of the loan. Most Australian home loans have 30-year terms and the majority of borrowers have variable rate home loans.
A 5-year fixed rate loan is a relatively long time to fix your interest rate.

Other fixed rate periods

Most lenders offer fixed rates between 1 and 5 years. Learn more about different fixed periods with these guides:

5-year fixed rate loan example

You are looking to buy a $750,000 home. You've saved up a 20% deposit and so you need to borrow the remaining $600,000.

You apply for an owner-occupier home loan with a 30-year loan term. It's a 5-year fixed interest rate of 6.00%.

This means that for the first 5 years of the loan your monthly repayment is $3,598, every single month.

After the 5-year fixed period the loan reverts to your lender's standard variable interest rate. Given that it's quite hard to forecast rates that far ahead, it's impossible to know what that future rate will be.

What happens at the end of a 5-year fixed rate home loan?

Once the fixed period on a home loan ends the loan reverts to a variable interest rate. This will usually be a lower rate than the previous fixed rate.

You don't have to do anything when your 5-year fixed period is over. You just keep making repayments at the new rate.

But it's worth checking that you can't get a better rate, either from your current lender or by refinancing the loan.

Is it a good idea to get a 5-year fixed rate mortgage?

Most borrowers don't want to fix their rate for 5 years. It's too long. The interest rate is higher and the break fee is also quite high if you need to sell, refinance or pay off the loan early.

Why some borrowers fix for 5 years

Your repayments won't change. Some borrowers value certainty and the ability to budget more than getting a lower rate.
Forget about rate rises. You don't have to worry about rising interest rates and you can plan ahead.

Why most borrowers don't fix for 5 years

There are a couple of downsides to fixing for a long time that put off many borrowers:

5-year fixed loans often have higher rates

Longer-term fixed rate loans will have higher interest rates. 5-year fixed rate home loans are therefore the most expensive fixed rate options.

Even if the rate is competitive right now, it's a long time to stick to that rate when you can't predict how rates will move in that time.

Expensive break costs

Breaking a fixed rate loan early can cost your lender. That's why there's a break fee involved. Lenders calculate this cost based on various factors, including the amount of time remaining on your loan's fixed period.

This is why a 5-year fixed rate loan is riskier. By locking in your rate for so long a break fee is going to cost you much more, especially early in the loan.

Fewer loan features

Fixed rate home loans are less likely to come with the most useful mortgage features, such as:

100% offset accounts
Extra repayments
Redraw facilities

What kind of borrower is a 5-year fixed rate loan suitable for?

While less popular, there are some borrowers who might see value in locking in their rate for half a decade.

A 5-year fixed rate is suitable for borrowers who:

Have fluctuating income or simply want to budget their repayments exactly and forget about changing rates.
Are confident they won't need to sell their property or pay off the loan in the next few years.
Think interest rates will continue rising for the next few years.

On that last point, it's pretty hard for the average borrower to time the market on rate rises.

Expert insight

"You only ever fix it if it makes you feel more comfortable ... It's not about beating the banks. "

Josh Bartlett

Mortgage Broker

A 5-year fixed rate is not suitable for borrowers who:

Want the lowest interest rate
Want to make extra repayments on their loan
Want an offset account
Want to pay off their loan early

Are 5-year fixed rate loans higher than variable rate loans?

Usually, 5-year fixed rate loans have the highest interest rates compared to other fixed rate loans and variable rate loans. Fixed rates in general are typically higher than variable rates.

However, in the current interest rate environment where lenders are expecting rates to drop soon, fixed rates are some of the cheapest home loans. In general, it's 3-year fixed rate loans that have the most competitive rates, but there are several 5-year fixed home loans which are cheaper than variable rate home loans.

You can see the current difference between fixed and variable rates on our average interest rates guide.

How do I compare 5-year fixed rate home loans?

To make sure you get a great deal on a 5-year fixed rate loan, pay attention to the rate, the fees and the loans' features.

Focus on the following:

Get a lower rate

Even if fixed rates are higher than variable rates, it's important to compare multiple 5-year fixed rates to find a good deal. Why pay more interest for no reason?

Get a loan with low fees

A lower interest rate is more important, but the lower the fees the cheaper the loan will be.

Loan features

Fixed rate loans have fewer features than variable rate loans, like 100% offset accounts or the ability to make extra repayments. But some do, so it's worth comparing.

Frequently asked questions about fixing your home loan rate for 5 years

It's hard for the average person to understand interest rate moves. Lenders and banks are largely free to set their own rates on home loans, but they are guided by the broader economy and how easy (and cheap) it is for them to borrow the money to fund home loans.
The Reserve Bank of Australia (RBA) also plays a big role. The bank sets the official cash rate, which sets a benchmark for the cost of institutions to lend and borrow money. When the cash rate goes up, lenders raise variable interest rates for borrowers. But they also start to raise fixed rate loans for new customers.
Follow Finder's monthly cash rate predictions to find out where the experts think rates are heading.
A split rate loan allows you to divide your loan into fixed and variable rate portions. This means you can lock in 50% of your loan for 5 years and have the remaining 50% on a variable rate.
A split rate lets you have the best of both worlds and is a way of hedging your bets if you're concerned about rate rises but still want the extra features and repayment options on a variable rate loan.

Thank you for your feedback!

To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.

Written by

Richard Whitten

Editor

Richard Whitten is a money editor at Finder, and has been covering home loans, property and personal finance for 6+ years. He has written for Yahoo Finance, Money Magazine and Homely; and has appeared on various radio shows nationwide. He holds a Certificate IV in mortgage broking and finance (RG 206), a Tier 1 Generic Knowledge certification and a Tier 2 General Advice Deposit Products (RG 146) certification. See full bio

Richard's expertise

Richard has written 562 Finder guides across topics including:

Home loans
Property
Personal finance
Money-saving tips

More resources on Finder

Compare 3-year fixed rate home loans 30 year fixed rate home loans

More guides on Finder

4-year fixed rate home loans
Compare 4-year fixed rate home loans from lenders big and small. Learn if these loans are right for you.
10-year fixed home loan rates
While getting a 10-year fixed rate home loan might be a good idea if you want to keep your repayments the same over the next decade, you will pay more if interest rates drop.
Ge the lowdown on fixed rate interest in advance home loans
Save on interest rates and enjoy tax savings with fixed rate interest in advance home loans.
30 year fixed rate home loans
Thirty year fixed rate home loans are a great way to lock in a great interest rate for the entirety of your loan but Australia doesn’t currently offer this lengthy loan option.
Compare 3-year fixed rate home loans
A fixed-rate home loan can offer you stability and peace of mind. Find out if a three-year fixed rate home loan is right for you.
2-year fixed rate home loans
Enjoy the stability of knowing your repayments won’t change for 2 years.
Compare 1-year fixed rate home loans
Find a competitive 1-year fixed interest rate home loan. Compare your options and apply today.
Fixed home loan break cost – how much does it cost to end a fixed loan?
Early repayment adjustment, also known as a break fee, is charged when you end a fixed loan contract. Learn how banks calculate these fees.

5-year fixed rate home loan rates in Australia

With a 5-year fixed rate home loan you'll know exactly what your repayments are every month, for half a decade. But if you need to exit the loan early you'll pay a hefty break fee.

Lenders

Compare 5-year fixed rate home loans

Key takeaways

What is Finder Score?

How do 5-year fixed rate home loans work?

Other fixed rate periods

5-year fixed rate loan example

What happens at the end of a 5-year fixed rate home loan?

Is it a good idea to get a 5-year fixed rate mortgage?

Why some borrowers fix for 5 years

Why most borrowers don't fix for 5 years

5-year fixed loans often have higher rates

Expensive break costs

Fewer loan features

What kind of borrower is a 5-year fixed rate loan suitable for?

A 5-year fixed rate is suitable for borrowers who:

A 5-year fixed rate is not suitable for borrowers who:

Are 5-year fixed rate loans higher than variable rate loans?

How do I compare 5-year fixed rate home loans?

Get a lower rate

Get a loan with low fees

Loan features

Frequently asked questions about fixing your home loan rate for 5 years

What is a good 5-year fixed interest rate?

Can I make extra repayments on a 5-year fixed rate?

Is now a good time to fix for 5 years?

How do I know when interest rates are going to rise?

What's a split rate home loan?

Richard Whitten

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