Few lenders offering 10 year fixed rates



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While uncertain economic times can lead borrowers to look into home loans with fixed interest rates, the number of lenders offering decade-long fixed interest rates can be counted on one hand.

Based on RateCity research, there are just 33 home loan offers currently available with 10-year fixed interest rates, from the following lenders:

The lowest of these 10-year fixed rates comes from RAMS, which offers 5.64% on its Home Loan Fixed (Principal and Interest) 10 Years offer.

While this is the lowest of these rates that are currently available, it remains above the average variable rate for home loans on RateCity, which was 4.64% at the end of March 2018.  

It’s important to remember that home loans with low interest rates aren’t always the best options for every household, as different features and benefits may provider greater or lesser value based on an individual’s financial circumstances.

The 10-year fixed rate home loans with the lowest rates from each of these four providers at the time of writing were:

Product Advertised rate Comparison rate Estimated upfront fees Minimum deposit
RAMS Home Loan Fixed (Principal and Interest) 10 Years 5.64%, fixed 10 years 5.77% $880.00 5%
Westpac Premier Package Fixed Rate Investment Loan (Principal and Interest) 10 years 6.50%, fixed 10 years 6.49% $0 10%
ANZ Breakfree Package Fixed Rate Investment Loan (Interest in Advance Yearly) 10 Years 7.34%, fixed 10 years 7.06% $0 10%
Newcastle Permanent Premium Plus Package Fixed Rate Home Loan (Principal and Interest) 10 Years 7.49%, fixed 10 years 7.01% $0 10%
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