10 Best Fixed Rate Home Loans in Australia [2026]

Choosing the type of mortgage and repayments that work best for you is stressful. But we made this list of the best fixed rate home loans in Australia for anyone looking for repayment clarity and predictability.

For many Aussies, a fixed rate home loan is basically a cheat code to beat unfriendly interest rate swings. It locks in your rate, gives predictable repayments, and lets you plan your life without having to panic all the time.

But you must have already realised the myriad loan options available across the country. So our brokers have handpicked the best fixed rate home loans that they’ve tried and tested for our past customers.

What Is a Fixed Rate Home Loan

A fixed-rate home loan is a mortgage that locks your interest rate, and therefore your repayments, for a predetermined period known as the ‘fixed term’. This term is typically between one and five years, though some lenders offer longer.

During this fixed period, your repayments remain unchanged and stable regardless of changes in the Reserve Bank of Australia’s cash rate or your lender’s variable rate.

However, that also means that you won’t benefit if the rates fall. Once the fixed term ends, the loan usually reverts to the lender's standard variable rate, unless you decide to fix it again or refinance.

Why Should You Get a Fixed Rate Home Loan?

While a fixed rate might not be for everyone, it offers many benefits that go beyond just chasing the “lowest possible rate”.

• Predictable repayments: Knowing your exact repayments for the next few years simplifies budgeting, especially for families with fixed incomes, tight budgets, and anyone who values predictable finances.

• Protection against rate rises: Your repayments won’t jump even if the market rates increase.

• Financial planning made easier: Makes it simpler to forecast expenses like school fees, renovations, or other long-term costs.

• Peace of mind : No more stressing about rate hikes, since any changes are ineffective on a fixed-rate mortgage.

How We Picked the Best Fixed-Rate Loans

For picking the best fixed rate home loans in Australia, we considered this selection criteria:

• Competitiveness in interest rate and comparison rate (which includes fees).

• Availability of loan features like offset accounts and redraw facilities, along with limits in extra repayments during the fixed term.

• Loan tenure offered, so borrowers can lock in for a period that suits their financial goals.

• Fees and charges, including upfront, ongoing and exit fees.

Our goal is to bring you competitive, balanced home loan products from an unbiased perspective. But we also advise you to do your own due diligence, as well as getting expert help from a licensed mortgage broker or financial professional.

The 10 Best Fixed Rate Home Loans in Australia [2026]

1. Bendigo Fixed Complete Home Loan

This is Bendigo’s premium package loan that offers a strong balance of competitive fixed rates and flexible features that you would normally see only in variable loans.

It includes an offset account and options for extra repayments, making it a versatile option.

The reason we have Bendigo’s Complete Home Loan at the top is because it hits the sweet spot between competitive pricing, high-value borrower facilities, and lender reliability with clear documentation.

It is ideal for borrowers who want a full feature package and those who want to actively reduce interest.

Key features:

• 100% offset account included

• Online redraw facilities

• Flexible repayment options

• Fixed terms ranging 1–5 years

• Online access and in person support

2. Me Bank Fixed CompleteME Home Loan

ME Bank’s CompleteME is a straightforward, digitally driven loan product that includes 100% offset and flexible repayments.

It stands out for digital convenience and smooth online experience, making it an excellent choice for first-home buyers and tech-savvy borrowers.

Only behind Bendigo Complete for its slightly higher fixed headline rate.

Key features:

• 100% offset account

• Flexible extra repayment options

• Digital convenience with the ME Go banking app

3. Macquarie Fixed Basic Home Loan

It is a simple fixed loan that offers borrowers the backing of a large, established bank (the Macquarie bank) with potentially lower complexity and a straightforward repayment structure.

Offers competitive rates, excellent digital banking, and a reliable big-bank experience.

This loan option is great for borrowers who want low ongoing costs, straightforward structure, and the backing of a major bank.

However, keep in mind the limited flexibility compared to the top two, but it’s excellent for cost-conscious borrowers.

Key features:

• Competitive fixed rates

• No ongoing monthly or annual fees

• Excellent app and online banking platform

4. ING Fixed Rate Home Loan

ING’s fixed-rate loan is a digital-first fixed-rate loan for borrowers who prioritise competitive rates and simplicity.

It offers strong cost efficiency for borrowers who prioritise low repayments. However, features like offsets or redraw are unavailable here.

Key features:

• Highly competitive fixed rates

• No ongoing monthly or annual fees

• Simple digital-first application and management

• Split loan facility available

• Fixed interest rate discounts available

5. Suncorp Bank Fixed Rate Home Loan

Suncorp offers a fixed‑rate home loan product that gives borrowers the certainty of locked repayments for the fixed term, backed by the reputation and support network of a major Australian bank.

It’s excellent for borrowers who want major bank reliability with the option for extra repayments (up to $10,000/year). 

But keep in mind the limitations of features compared with Bendigo Complete or ME Bank CompleteME.

Key features:

• Competitive rates for a major bank

• Extra repayments up to $10,000 p.a.

• Optional offset on some fixed products

• Transparent interest‑rate offerings

6. Bendigo Fixed Easy Home Loan

The Easy Home Loan from Bendigo Bank is marketed as a simpler, lower-fee home loan compared to the premium or package-style loans. 

It’s built for simplicity and low cost, targeted at first‑home buyers or those who prefer minimal fuss over complex loan features. But comes with limited flexibility and fewer advanced features.

Key features:

• No monthly or annual ongoing fees or establishment fees

• Simple online banking

• Redraw facilities available

• Low variable revert rate

• Access to Bendigo’s branch network, regulated lending standards and customer support.

7. ME Bank Fixed EconoME Home Loan

It is the basic low-cost fixed-rate loan offered by ME bank, suited to borrowers who want simplicity, lower costs, and predictable repayments, without paying for optional loan features.

One of the best fixed home loans if you don’t need offset or large extra repayments. Comes with excellent rate, but its limited flexibility places it lower in the ranking.

Key features:

• Low-cost fixed rates

• No annual fees

• Additional repayment facility

8. NAB Tailored Fixed-Rate Home Loan

This is NAB’s standard fixed‑rate mortgage product aimed at borrowers who want the peace of mind of a locked‑in interest rate with the security and support of a major bank.

It’s positioned as a reliable, straightforward option rather than a feature‑heavy “package” loan.

While this is a reliable big-bank product, the comparatively higher rates than the top-ranked options and ongoing fees reduce its overall value. 

Plus, features like offset account and redraw are not available during the fixed rate period.

Key features:

• High extra repayment allowance ($20,000 total)

• Major bank accessibility

• The NAB app gives a loan progress tracking option

9. Bendigo Fixed Flex Home Loan

The Flex Home Loan from Bendigo is described as a more flexible loan structure, designed for borrowers who like the idea of tailoring their loans.

Despite being an excellent option for strategic borrowers hedging against rate rises, its complexities and lack of clear public documentation makes it less appealing.

Key features:

•  Full offset facility available

• Availability of redraw facilities

• Competitive rates on both fixed and variable portions

10. Gateway Bank Premium Package Fixed Home Loan

This loan may be best considered as a “basic fixed repayment + backing of a smaller/regional bank” option.

Best suited for borrowers comfortable with smaller lenders and the benefit of unlimited extra repayments.

On the flip side, it is less mainstream and comes with a  slightly higher cost compared to top-ranked Bendigo/ME products, as well as high annual and discharge fees.

Key features:

• Unlimited extra repayments during the fixed term

• Fixed terms 1–5 years

• Flexible repayment options

• No establishment fees

Features of Fixed-Rate Home Loans

Offset Accounts

An offset account acts like a normal savings or transaction account linked to your mortgage. The balance in that account ‘offsets’ your loan balance, which reduces the interest you pay.

Redraw Facility

Redraw lets you withdraw extra repayments you’ve made (above the minimum required). This gives flexibility, as you can overpay when you have extra cash, then access it later if needed.

Repayment Flexibility

These include options like paying weekly, fortnightly or monthly, increasing the repayment frequency, etc. Most fixed loans strictly limit these, and exceeding the limit can incur penalties.

Split Loan

A split loan means part of your loan is fixed and part is variable. This offers you the best of both worlds, where you can lock in what you need for stability and leave some of the loan exposed to variable rates.

What Happens at the End of the Fixed Rate Home Loan Term?

When the fixed period ends, your loan typically reverts to the lender's standard variable rate. So your repayments may go up or down depending on the lender's rate unless you take action.

So you can:

• Refinance: Shop around for a new deal with another lender.

• Refix: Negotiate a new fixed rate with your current lender.

This is a critical decision to be made at the end of the fixed term, which can depend on your then financial situation and market conditions.

How Long Should You Fix Your Home Loan Rate?

There is no definite answer to this. It depends on your priorities, but you may consider this as a foundational criteria:

• 1–2 Years:  For maximum flexibility, or if you expect the rates to drop soon or plan to refinance/sell soon.

• 3 Years: If you want a balance. That is, some predictability, but don’t want to commit for too long.

• 4–5 Years: If you value long-term repayment stability and want to lock in for as long as possible (even though you might lose out if rates fall significantly).

Keep in mind that this is a general guideline. Your fixed tenure would depend on your circumstances, so we highly recommend consulting a financial professional to find what works best for you.

Choosing the Right Fixed Rate Home Loan

These are generally the key factors you should look into when choosing a fixed rate home loan:

• Decide on how long you want certainty for: Do you want to lock in for a few years only, or for as long as possible? This depends on your future plans.

• Check your deposit/loan to value ratio (LVR): Some rates and discounts apply only up to a certain threshold (often 80%).

• Prioritise features you really need: Will you have savings to offset? Do you get an annual bonus for extra repayments? Match this to the loan features.

• Understand all costs: Not just the interest rate, but application, ongoing, exit, and redraw fees, comparison rates, etc.

For many people, figuring out what they need based on their finances and personal circumstances may not be so easy. This is where a mortgage broker or a financial professional could help you.

We help Aussies dreaming of a home to search, curate, and get a mortgage that suits your needs and goals.

The best part is that our service is free of cost to you—zero hidden fees, consultation charges, or commissions whatsoever!

And driven by ASIC’s Best Interests Duty, we guarantee to find you the most suitable home loan that fits your unique needs and goals. 

With our extensive panel of 30+ top lenders and 2,000+ mortgage solutions in Australia, you can unlock opportunities that you might miss otherwise. 

Contact us to get your dedicated mortgage advisor today!

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