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Fixed Rate
Is an interest rate on a loan that is locked in for a specific period, normally 1-5 years.
A fixed interest rate loan is a loan where the interest rate on the loan remains the same for the life of the loan. A variable rate loan benefits borrowers in a declining interest.
Learn More1-year fixed rate: 3.09% p.a. 2-year fixed rate: 3.65% p.a. 3-year fixed rate: 4.11% p.a.
Learn MoreFixed rates are now well below variable rates for home loans, in fact, they’re the lowest they’ve been in Australian history.
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