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:
Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Additional Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
6.04% p.a. | 6.06% p.a. | $3,011 | Principal & Interest | Variable | $0 | $530 | 90% | 4.6 Star Customer Ratings |
| Promoted | Disclosure | |||||||||
5.99% p.a. | 5.90% p.a. | $2,995 | Principal & Interest | Variable | $0 | $0 | 80% | Apply in minutes |
| Promoted | Disclosure | |||||||||
5.69% p.a. | 6.16% p.a. | $2,899 | Principal & Interest | Fixed | $0 | $530 | 90% |
| Promoted | Disclosure |
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.
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