Fixed Rate Home Loan 5 Years
- Last updated on 03 Jun 2020
Home Value Home Loan
specialGet a low variable interest rate loan with no ongoing fees. Plus you can make extra repayments and free redraw online.
Home Value Loan
Fixed - 5 years
based on $350,000 loan amount for 25 years
- No ongoing fees
- Suitable for low deposits
- Repayments will not change during fixed period
- No extra repayments
- No redraw and no offset
- Discharge fee at end of loan
- Repayments won't decrease if RBA cuts rates
Interest rate structure
Fixed - 5 years
$50k - $100m
Principal & interest
Loan term range
1 - 30 years
Allows split interest
ACT, NSW, NT, QLD, SA, VIC, WA
Estimated upfront fees
Minimum SMSF Amount
Compare and review home loans with similar features
Arab Bank Australia is a subsidiary of Arab Bank plc which has the world’s largest network of Arab banks – over 500 branches in approximately 30 countries. Arab Bank was launched in Australia in 1986 and has its headquarters in Sydney, with branches in both Sydney and Melbourne.
Arab Bank Australia offers a range of everyday banking, home loans and international trading services. By partnering with leading Australian banks including Westpac, BankSA and Bank of Melbourne, Arab Bank Australia customers are able to use around 3000 ATMs Australia wide.
In 2007 Arab Bank Australia won three Money Magazine “Best of the Best” awards for their 3 Year Fixed Home Loan, 5 Year Fixed Investment Loan and premium Business Cheque Account. Three years later in 2010 it won “Best Savings Account”.
Arab Bank Australia home loan calculator
Interested in an Arab Bank Australia home loan? RateCity has a suite of calculators that can show you what your repayments would be and how Arab Bank Australia compares to its competitors. Simply plug in your borrowing amount below.
A fixed rate home loan is a loan where the interest rate is set for a certain amount of time, usually between one and 15 years. The advantage of a fixed rate is that you know exactly how much your repayments will be for the duration of the fixed term. There are some disadvantages to fixing that you need to be aware of. Some products won’t let you make extra repayments, or offer tools such as an offset account to help you reduce your interest, while others will charge a significant break fee if you decide to terminate the loan before the fixed period finishes.
A variable rate home loan is one where the interest rate can and will change over the course of your loan. The rate is determined by your lender, not the Reserve Bank of Australia, so while the cash rate might go down, your bank may decide not to follow suit, although they do broadly follow market conditions. One of the upsides of variable rates is that they are typically more flexible than their fixed rate counterparts which means that a lot of these products will let you make extra repayments and offer features such as offset accounts.
Split rates home loans
A split loan lets you fix a portion of your loan, and leave the remainder on a variable rate so you get a bet each way on fixed and variable rates. A split loan is a good option for someone who wants the peace of mind that regular repayments can provide but still wants to retain some of the additional features variable loans typically provide such as an offset account. Of course, with most things in life, split loans are still a trade-off. If the variable rate goes down, for example, the lower interest rates will only apply to the section that you didn’t fix.