Customer-Owned Banks Offer Fixed Home Loan Rates Below 5% – Money Advice Experts in Services

Interest rates on fixed home loans continue to decline as customer-owned banks in Australia are offering rates below 5%. This trend reflects the broader market expectation of further rate cuts. Regional Australia Bank, for instance, has unveiled a 4.98% p.a. fixed rate for owner-occupiers with loan-to-value ratios below 70%, making principal and interest repayments and fixing for two years. This move follows significant rate cuts of up to 51 basis points on both owner-occupier and investor loans.

The Australian Guide to Buying Your First Home: How to Increase Your Income, Manage Your Mortgage and Get Debt-Free | $18.66

Similarly, BankVic has joined the 4% club by offering two- and three-year fixed rates of 4.98% p.a. for owner-occupiers making principal and interest repayments. These rates, applicable to loan-to-value ratios up to 95%, undercut other major players in the market.

The Ultimate Guide for Home Buyers in Australia 2025 | $16.39

Greater Bank, based in Hunter, has also introduced competitive rates of 4.99% p.a. for new borrowers fixing their Greater Rate or Ultimate home loans for two or three years. These rates, available to owner-occupiers making principal and interest repayments, represent a significant drop from the previous rates.

Buying Property in Australia for Beginners: Step by Step Strategies to Own Property, Avoid Costly Mistakes, and Invest Wis… | $23.68

While fixed-rate movements dominate the market, The Mutual Bank stands out with a variable rate cut of 10 basis points on its Special variable rate Budget home loan, offering a new rate of 5.49% p.a. for owner-occupiers with up to 80% loan-to-value ratios.

Home Buying Kit: Everything You Need To Buy Your First Home In Australia | $1.59

The Bendigo group, including Adelaide Bank and Tiimely Home, has slashed up to 90 basis points off some fixed home loan rates. Bendigo Bank now offers a top rate of 5.29% p.a. for its online-only Express owner-occupier loan fixed for two or three years. Adelaide Bank matches this rate with its SmartFix P&I loan, fixed for two or three years for owner-occupiers making principal and interest repayments.

A simple guide to buying your first property in Australia : It’s time to simplify the home buying process and give you the… | $0.99

Heritage Bank has also reduced its fixed rates, offering a new top rate of 5.09% p.a. for residential home loan customers locking in for three years. Similarly, Newcastle Permanent has made fixed rate cuts of up to 30 basis points, with a new rate of 5.09% p.a. for owner-occupiers taking out a Premium Plus Package loan and fixing for two or three years.

Buying a Property For Dummies: Australian Edition | $19.18

Finally, The Capricornian has cut rates by up to 1.79% p.a. on a range of its fixed principal and interest and interest-only rates. The bank now offers a top rate of 5.89% p.a. for owner-occupiers fixing their Lifestyle home loans for two or three years.

With interest rates continuing to fall in the Australian home loan market, borrowers have the opportunity to secure competitive rates by exploring the offerings of various lenders.

📰 Related Articles

📚Book Titles

Homeowner’s Code

Rattle the Market

Side Hustle