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- NAB offering two-year fixed rates from 3.69%
NAB offering two-year fixed rates from 3.69%
NAB and ING are offering some of the lowest two-year fixed-rate mortgages on the market, although smaller lenders are also competing fiercely.
NAB is giving owner-occupiers the chance to fix for two years at 3.69 per cent (comparison rate 4.86 per cent) if they sign up for the Choice first home buyer special.
ING has a slightly higher two-year fixed rate of 3.72 per cent (comparison rate 4.55 per cent) for its Orange Advantage home loan.
SCU, Greater Bank, Newcastle Permanent, Teachers Mutual Bank and UniBank are all offering two-year fixed rates starting from 3.69 per cent (see table below).
Interest rates on two-year fixed-rate mortgages have been quite stable over the past 12 months, according to an analysis of all the two-year loans on RateCity.
The average rate for owner-occupiers was 4.16 per cent at the end of May 2018 – the same rate recorded at the end of May 2017.
The average rate for investors rose from 4.39 per cent to 4.44 per cent during that time.
| Lender | Product | Advertised rate | Comparison rate |
|---|---|---|---|
| SCU | My Life Fixed Rate Package | 3.69% | 4.04% |
| Greater Bank | Ultimate Fixed Home Loan | 3.69% | 4.47% |
| Newcastle Permanent | Premium Plus Package Fixed Rate Home Loan | 3.69% | 4.62% |
| NAB | Choice Package Tailored Home Loan Fixed (First Home Buyer Special) | 3.69% | 4.86% |
| Teachers Mutual Bank | Fixed Home Loan | 3.69% | 5.10% |
| UniBank | Fixed Home Loan | 3.69% | 5.10% |
| FreedomLend | Freedom Fixed Home Loan | 3.72% | 3.89% |
| ING | Orange Advantage | 3.72% | 4.55% |
| RACQ | Choices Package Home Loan | 3.72% | 4.80% |
| IMB Bank | Fixed Rate Home Loan | 3.75% | 4.78% |
Disclaimer
This article is over two years old, last updated on June 24, 2018. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.
Compare home loans in Australia
5.99%
5.90%
$3,218
Australian Credit Licence 234945
Fees & charges apply
- 2024 Award Winner
- Special
- Owner Occupied
- Variable
- 20% min deposit
- P&I
5.69%
6.16%
$3,127
Australian Credit Licence 395219
Fees & charges apply
- Owner Occupied
- Fixed 3 years
- 10% min deposit
- P&I
6.29%
6.20%
$3,311
Australian Credit Licence 234945
Fees & charges apply
- Special
- Investor
- Variable
- 20% min deposit
- P&I
5.99%
6.51%
$3,448
Australian Credit Licence 395219
Fees & charges apply
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.84%
7.16%
$3,611
Australian Credit Licence 233714
Fees & charges apply
- Owner Occupied
- Variable
- 5% min deposit
- P&I
6.95%
7.15%
$2,896
Australian Credit Licence 234945
Fees & charges apply
- Investor
- Variable
- 20% min deposit
- Interest Only
6.04%
6.06%
$3,234
Australian Credit Licence 395219
Fees & charges apply
- Owner Occupied
- Variable
- 10% min deposit
- P&I
7.24%
7.24%
$3,611
Australian Credit Licence 234527
Fees & charges apply
- Cashback
- Owner Occupied
- Variable
- 10% min deposit
- P&I
6.99%
7.10%
$3,531
Australian Credit Licence 388053
Fees & charges apply
- 2024 Award Winner
- Investor
- Variable
- 40% min deposit
- P&I
7.20%
6.90%
$3,000
Australian Credit Licence 234945
Fees & charges apply
- Investor
- Variable
- 40% min deposit
- Interest Only
7.19%
7.26%
$3,595
Australian Credit Licence 388053
Fees & charges apply
- Owner Occupied
- Variable
- 30% min deposit
- P&I
6.59%
7.27%
$3,404
Australian Credit Licence 234527
Fees & charges apply
- Cashback
- Owner Occupied
- Fixed 2 years
- 10% min deposit
- P&I
Product database updated 21 Sep, 2024
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