5 Year Fixed Home Loan
The 5 Year Fixed Rate Home Loan lets you to budget and plan for life’s uncertainties by fixing your interest rate for a period of 5 years.
5 year
fixed interest rate
Split loan
option
No monthly
or annual fees
Overview
Main features of the 5 Year Fixed Rate Home Loan:
- A competitive fixed interest rate for 5 years
- Minimum loan amount of $150,000
- Loan available for buying a home or refinancing
- Loan term up to 30 years
- Flexible repayment frequencies - pay weekly, fortnightly or monthly
- Split option (with other variable rate home loans)
- No monthly or annual fees
Rates & Fees
Here’s everything you need to know about the rates and fees for the 5 Year Fixed Rate Home Loan:
- Interest rate: 3.84%2
- Comparison rate: 4.37%3
Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
- Application fee: $500
- Monthly fee: $0
- Annual fee: $0
- Mortgage discharge fee: $300 + early break fee
- Lenders Mortgage Insurance (LMI)4: Payable for loans with a deposit of less than 20%
- 3rd party charges: Stamp duty, legal fees and valuation fees apply
Additional fees may be payable. For more information please see our Schedule of Fees and Charges.
Download our Schedule of Fees and Charges
Questions
Here are the most common questions we get asked about our 5 Year Fixed Rate Home Loan. Have a different question? Call us on 1300 13 23 28 to speak to a home loan expert.
Can I apply for this loan as a refinancing option?
Yes. The 5 Year Fixed Rate Home Loan is available for buying a home and refinancing from another financial institution.
Can I split this loan?
Yes. When choosing a variable loan split option, a minimum of $150,000 is required for the 5 year fixed split component.
Can I redraw additional repayments from my loan?
No, a redraw facility is not available on the 5 Year Fixed Rate Home Loan. Refer to the comparison table below for the full range of features.
What are my repayment options?
With the 5 Year Fixed Rate Home Loan you will be required to make repayments to both the loan principal and interest.
Can I extend the fixed rate period on my loan?
Yes, at the end of the fixed rate period you can choose to re-fix your loan. Fees and charges apply.
Use the arrows to scroll through the many Australian Military Bank Home Loans options RESET
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Vanilla loan with a super-low rate3.06% p.a.3.07% p.a.Up to 95%$0$0Principal and interest onlyUp to 30 yearsOwner Occupier
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Get the flexibility of a variable rate with the benefit of a 100% offset facility.3.38% p.a.3.42% p.a.Up to 95%$0$0Principal and interestUp to 30 yearsOwner Occupier
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Get the flexibility of a variable rate with the benefit of a 100% offset facility.4.08% p.a.4.12% p.a.Up to 95%$0$0Principal and interestUp to 30 yearsOwner Occupier
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Security of knowing what your repayments will be.3.64% p.a.4.62% p.a.Up to 95%$0$0Principal and interestUp to 30 years with a 1 year fixed rate periodOwner Occupier
-
Security of knowing what your repayments will be.2.84% p.a.4.38% p.a.Up to 95%$0$0Principal and interestUp to 30 years with a 2 year fixed rate periodOwner Occupier
-
Security of knowing what your repayments will be.3.34% p.a.4.37% p.a.Up to 95%$0$0Principal and interestUp to 30 years with a 3 year fixed rate periodOwner Occupier
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Security of knowing what your repayments will be.3.84% p.a.4.37% p.a.Up to 95%$0$0Principal and interestUp to 30 years with a 5 year fixed rate periodOwner Occupier
-
Borrow up to 80% of your property’s value.4.90% p.a.naUp to 80% of the property value$5$0Minimum of 1% of limit per monthN/AOwner Occupier or Investor
-
Helping you build a dream home, a granny flat or renovate your existing home.3.52% p.a.3.56% p.a.Up to 95%$0$0Interest only3 yearsOwner Occupier
The small print
Applications are subject to Australian Military Bank’s normal lending criteria. Full terms and conditions will be included with our loan offer. Fees and charges are payable. Rates are effective from 26 March 2020 and are subject to change.
1 Rates shown apply during the fixed period of your loan. After the fixed period, your rate will switch to the applicable variable rate for a principal and interest loan. Terms and conditions apply.
2 Rates are current at the time of publication and are subject to change. The rates displayed are at 80% LVR (meaning that a minimum 20% deposit is required). The rates displayed are only available for new owner occupier, loan borrowings of $150,000 or more (excluding the Value Home Loan & Construction Home Loan, the interest rate displayed is applicable for new loan borrowings of $500,000 or more).
3 Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. The rates displayed are at 80% LVR (meaning that a minimum 20% deposit is required). WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
4 This amount is inclusive of Lenders Mortgage Insurance (LMI) premium. LMI is required when borrowing in excess of 80% LVR.
5 Based on total average monthly balance and applies to ATM, EFTPOS, Direct Debit and BPAY® transactions.
6 The First Home Loan Deposit Scheme is an Australian Government initiative to help first home buyers get into their first home sooner. Australian Military Bank is proud to be supporting the initiative and supporting eligible first home buyers enter the property market. This is available with Australian Military Bank from 1 February 2020. For more information, click here.
® Registered to BPAY Pty Ltd ABN 69 079 137 518
The small print
Applications are subject to Australian Military Bank’s normal lending criteria. Full terms and conditions will be included with our loan offer. Fees and charges are payable. Rates are effective from 26 March 2020 and are subject to change.
1 Rates shown apply during the fixed period of your loan. After the fixed period, your rate will switch to the applicable variable rate for a principal and interest loan. Terms and conditions apply.
2 Rates are current at the time of publication and are subject to change. The rates displayed are at 80% LVR (meaning that a minimum 20% deposit is required). The rates displayed are only available for new owner occupier, loan borrowings of $150,000 or more (excluding the Value Home Loan & Construction Home Loan, the interest rate displayed is applicable for new loan borrowings of $500,000 or more).
3 Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. These rates are for secured loans only. The rates displayed are at 80% LVR (meaning that a minimum 20% deposit is required). WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
4 This amount is inclusive of Lenders Mortgage Insurance (LMI) premium. LMI is required when borrowing in excess of 80% LVR.
5 Based on total average monthly balance and applies to ATM, EFTPOS, Direct Debit and BPAY® transactions.
6 The First Home Loan Deposit Scheme is an Australian Government initiative to help first home buyers get into their first home sooner. Australian Military Bank is proud to be supporting the initiative and supporting eligible first home buyers enter the property market. This is available with Australian Military Bank from 1 February 2020. For more information, click here.
® Registered to BPAY Pty Ltd ABN 69 079 137 518