1 Year Fixed Home Loan

Mortgages come with many different options. For instance, you can choose a fixed or variable home loan. A 1 year fixed home loan comprises a fixed rate for 1 year, and you can choose up to 7 years with a fixed rate from most lenders in Australia. However, a fixed rate is calculated by the lender on how they predict interest rates will rise or fall, which means fixed rates are usually much higher than variable home loan rates and the Reserve Bank cash rate. A 1 year fixed rate home loan might be lower than a 3 year fixed rate if the lender predicts interest rates will not rise as high in the next 12 months than in the next 3 years.

Find the lowest rates for a 1 year fixed home loan from the table below, or go to our home loans page for more search options.