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Aussie Select Basic Fixed Rate Home Loan

A fixed rate loan with a range of options, no account maintenance fees and fixed rate term of up to 5 years. So, if you want some certainty of your repayments consider splitting or fixing your home loan.

With the Aussie Select Fixed Rate Home Loan you can protect yourself against rising interest rates and control you repayments with interest rates fixed for up to 5 years.

Interest Rate ?
  Fixed rate Comparison rate*
1yr 4.74% 4.98%
2yr 4.74% 4.96%
3yr 4.94% 4.99%
4yr 4.99% 5.00%
5yr 4.99% 5.00%
Loan Size ?
Minimum - $100,000
Maximum - $2,000,000
Maximum Loan to Valuation Ratio ?
90%
Loan Term ?
Up to 30 yrs
Loan Repayments ?
Principal & Interest or Interest Only
Interest Only: Maximum term of 5 yrs
Payment Frequency ?
Fortnightly or Monthly.
Paid By ?
Direct Debit
Additional Payments ?
Up to 5% of the original fixed loan amount every year without incurring penalties.
Access ?
Internet & Phone. There is no redraw available on fixed accounts
Application Fee ?
NIL
Loan Settlement Fee ?
$100
Valuation Fee ?
Free for 1st valuation up to $300.
Solicitors Fee ?
Advised by solicitor
Ongoing Fee ?
$0
Discharge Fee ?
$400
Break costs may be applicable if loan discharged during the fixed period.

What you get with this home loan

Not only a great rate, but it also comes with some flexible features.

With the Aussie Select Basic Fixed Rate Loan you can:

  • Choose to pay interest only.
  • Make additional repayments - up to 5% of the original fixed loan amount every year.
  • Choose between fortnightly and monthly repayments.

What you need to know about this loan

  • It's only for residential properties.
  • The maximum loan term is 30 years.
  • There are break costs if you decide to end your fixed term early.
  • It reverts to Aussie Select Basic Variable rate at the end of the fixed rate term at no extra cost.

Amount you can borrow

The maximum amount that can be borrowed on this type of loan is $2 million but we will assess each case individually. We generally consider a few things such as the size of the deposit and the Loan to Value Ratio (LVR). The LVR is the percentage of the property's value you wish to borrow.

* Conditions, fees and charges apply. Comparison rate is calculated based on a loan size of $150,000 over 25 years. Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

For Aussie Select Products credit services are provided by AHL Investments Pty Ltd ACN 105 265 861, ("Aussie") Australian Credit Licence Number 246786 and its appointed credit representatives. Credit is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133.

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