ING and Suncorp offering low five-year interest rates

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Several lenders are pricing their five-year fixed-rate home loans under 4 per cent, according to a new analysis of the mortgage market.

ING is charging 3.98 per cent (comparison rate 4.49 per cent) for owner-occupiers who take out a five-year Orange Advantage Home Loan (see table below).

Suncorp Bank‘s Home Package Plus First Home Buyer Special Offer has a five-year advertised rate of 3.99 per cent (comparison rate 4.00 per cent).

The Greater Bank Ultimate Home Loan has an advertised rate of 3.99 per cent (comparison rate 4.53 per cent) for borrowers who fix their mortgage for five years.

Newcastle Permanent Building Society also has a five-year fixed rate of 3.99 per cent (comparison rate 4.63 per cent) for its Premium Plus Package.

Meanwhile, FreedomLend, UBank, RACQ Bank, NAB, Westpac and Qudos Bank have five-year mortgages with interest rates just above 4 per cent.

Lender Product Interest rate Comparison rate
ING Orange Advantage Home Loan 3.98% 4.49%
Suncorp Bank Home Package Plus First Home Buyer Special Offer 3.99% 4.00%
Greater Bank Ultimate Home Loan 3.99% 4.53%
Newcastle Permanent Premium Plus Package 3.99% 4.63%
FreedomLend Freedom Fixed 4.08% 4.00%
UBank UHomeLoan 4.09% 4.10%
RACQ Bank Choices Package Home Loan 4.09% 4.76%
NAB Choice Package 4.09% 4.80%
Westpac Premier Advantage Package 4.09% 4.87%
Qudos Bank Fixed Rate Home Loan 4.19% 4.22%

All interest rates are for owner-occupied properties with principal-and-interest repayments and maximum LVRs of 80 per cent. Please note that the cheapest home loan may not be the best home loan for your situation.


^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.

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