Bank First has introduced a record low three-year fixed home loan rate of 1.99% p.a. (3.10% p.a. comparison rate*).

The 1.99% p.a. fixed interest rate applies for three years before reverting to a rate of 2.88% p.a.

The new mortgage is available to homebuyers and refinancers with a loan to value ratio (LVR) of 80% or lower.

Check out how the new fixed home loan rate compares to some of the most competitive variable-rate home loans on the market: 

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LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Extra Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
5.94% p.a.
5.98% p.a.
$2,978
Principal & Interest
Variable
$0
$530
90%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 10% Min Deposit
  • Redraw
  • Extra Repayments
  • More details
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Dedicated loan specialist throughout the loan application.
 Disclosure
5.89% p.a.
5.80% p.a.
$2,962
Principal & Interest
Variable
$0
$0
80%
  • Built and funded by CommBank
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 20% Min Deposit
  • Redraw
  • More details
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
5.99% p.a.
6.02% p.a.
$2,995
Principal & Interest
Fixed
$0
$0
60%
  • Owner Occupier
  • Fixed 3 Years
  • Principal & Interest
  • 40% Min Deposit
  • Redraw
  • More details
  • Competitive rates to help you save
  • A Dedicated Relationship Manager
  • Certainty of repayments with a fixed rate term
 Disclosure
5.93% p.a.
5.93% p.a.
$2,975
Principal & Interest
Variable
$0
$395
70%
  • Owner Occupier
  • Variable
  • Principal & Interest
  • 30% Min Deposit
  • Redraw
  • More details
 Disclosure
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Important Information and Comparison Rate Warning
Important Information and Comparison Rate Warning
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Bank First may be the first lender to launch a three-year fixed rate under 2% but it's not the first home loan rate to start with a one. 

Major online lender loans.com.au launched an introductory discounted variable rate of 1.99% p.a. (2.55% p.a. comparison rate*) less than a month ago while HomeStar Finance also recently unveiled a 1.98% p.a. one year fixed rate (2.51% p.a. comparison rate*). 

At the end of June, Tasmanian-based Bank of Us offered Tasmanian residents fixed-rate home loans for up to three years for 1.99% p.a.