Compare 4-year fixed rate home loans
- Compare 4-year fixed rate home loans from a range of providers based on rates, fees and features.
4-year fixed rate home loan repayments compared
The table below shows a selection of 4-year fixed owner-occupied home loan rates (based on principal & interest repayments) for a $600,000 loan with monthly repayments. The table is sorted by lowest interest rate.
| Lender | Product | Interest Rate | Comparison Rate | Repayments | Features | Exit Fees | Upfront Fees | Ongoing Fees |
|---|---|---|---|---|---|---|---|---|
Qudos Bank | Fixed Rate Home Loan 4yr | 6.29% | 6.32% | Initial Repayment: $3,710.00 1 Year Interest Payable: $37,541.00 2 Year Interest Payable: $74,630.00 3 Year Interest Payable: $111,239.00 Total Interest Payable: $741,138.00 Total Amount to be Repaid: $1,341,438.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: No Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 90% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $0.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
ING | 4 Year Fixed Rate with Orange Advantage | 6.39% | 6.25% | Initial Repayment: $3,749.00 1 Year Interest Payable: $38,142.00 2 Year Interest Payable: $75,833.00 3 Year Interest Payable: $113,044.00 Total Interest Payable: $721,891.00 Total Amount to be Repaid: $1,322,440.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: No Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: Break costs may apply if the fixed rate loan is discharged or switched prior to the end of the selected fixed term or More than $10,000 in additional repayments made in 1 year period | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $299.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
Adelaide Bank | Connective Select - 4 Year Fixed | 6.59% | 6.33% | Initial Repayment: $3,828.00 1 Year Interest Payable: $39,343.00 2 Year Interest Payable: $78,239.00 3 Year Interest Payable: $116,656.00 Total Interest Payable: $726,640.00 Total Amount to be Repaid: $1,327,463.00 | Extra Repayment: Yes Offset: Yes Partial Offset: No Redraw: Yes Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $299.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $199.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
Macquarie Bank | Offset Home Loan Package Fixed 4y | 6.69% | 6.68% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $748,463.00 Total Amount to be Repaid: $1,357,016.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: No Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $350.00 Legal/Solicitor Fee : $363.00 Settlement Fee: $0.00 Valuation Fee: $0.00 Additional Valuation Fee: $110.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
St George Bank | Fixed Rate Home Loan 4yr | 6.69% | 7.55% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $884,669.00 Total Amount to be Repaid: $1,496,969.00 | Extra Repayment: Yes Offset: Yes Partial Offset: Yes Redraw: Yes Repayment Holiday: Yes Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $100.00 Valuation Fee: $0.00 Additional Valuation Fee: $164.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $395.00 |
Bank Of Melbourne | Fixed Rate Home Loan 4yr | 6.69% | 7.55% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $884,669.00 Total Amount to be Repaid: $1,497,133.00 | Extra Repayment: Yes Offset: Yes Partial Offset: Yes Redraw: Yes Repayment Holiday: Yes Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $100.00 Valuation Fee: $164.00 Additional Valuation Fee: $164.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $395.00 |
Bank SA | Fixed Rate Home Loan 4yr | 6.69% | 7.53% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $884,669.00 Total Amount to be Repaid: $1,496,969.00 | Extra Repayment: Yes Offset: Yes Partial Offset: Yes Redraw: Yes Repayment Holiday: Yes Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $100.00 Valuation Fee: $0.00 Additional Valuation Fee: $164.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $395.00 |
Bankwest | Complete Fixed Home Loan 4yr | 6.69% | 7.25% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $826,635.00 Total Amount to be Repaid: $1,439,275.00 | Extra Repayment: Yes Offset: No Partial Offset: Yes Redraw: Yes Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 90% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $250.00 Settlement Fee: $0.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $40.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $395.00 |
Westpac | Fixed Options Home Loan 4yr | 6.69% | 7.55% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $890,534.00 Total Amount to be Repaid: $1,502,734.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: Yes Repayment Holiday: Yes Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $0.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $395.00 |
Commonwealth Bank | Fixed Rate Home Loans 4yr | 6.69% | 7.92% | Initial Repayment: $3,868.00 1 Year Interest Payable: $39,944.00 2 Year Interest Payable: $79,442.00 3 Year Interest Payable: $118,463.00 Total Interest Payable: $956,966.00 Total Amount to be Repaid: $1,569,381.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: No Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 95% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $200.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $395.00 |
ANZ Bank | ANZ Fixed Rate Home Loan 4yr | 6.74% | 7.07% | Initial Repayment: $3,888.00 1 Year Interest Payable: $40,244.00 2 Year Interest Payable: $80,044.00 3 Year Interest Payable: $119,366.00 Total Interest Payable: $857,022.00 Total Amount to be Repaid: $1,457,532.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: No Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 90% | Discharge Fee: $0.00 Early Repayment Fee: May be payable if you choose to make additional repayments, repay your fixed loan (in part or full) or switch to another fixed or variable interest rate before the end of your fixed rate period | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $160.00 Valuation Fee: $150.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $50.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
NAB | NAB Tailored Home Loan - Fixed Interest Rate 4yr | 6.79% | 7.48% | Initial Repayment: $3,908.00 1 Year Interest Payable: $40,545.00 2 Year Interest Payable: $80,645.00 3 Year Interest Payable: $120,270.00 Total Interest Payable: $920,732.00 Total Amount to be Repaid: $1,523,962.00 | Extra Repayment: Yes Offset: Yes Partial Offset: No Redraw: Yes Repayment Holiday: Yes Splitting: Yes Maximum LVR - with LMI: N/A | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $0.00 Settlement Fee: $0.00 Valuation Fee: $0.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $8.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
Firstmac | Firstmac Fixed 4 Year | 6.89% | 7.08% | Initial Repayment: $3,948.00 1 Year Interest Payable: $41,146.00 2 Year Interest Payable: $81,849.00 3 Year Interest Payable: $122,078.00 Total Interest Payable: $849,942.00 Total Amount to be Repaid: $1,451,312.00 | Extra Repayment: Yes Offset: No Partial Offset: No Redraw: No Repayment Holiday: No Splitting: Yes Maximum LVR - with LMI: 90% | Discharge Fee: $0.00 Early Repayment Fee: $0.00 | Establishment Fee: $0.00 Legal/Solicitor Fee : $200.00 Settlement Fee: $300.00 Valuation Fee: $220.00 Additional Valuation Fee: $0.00 Settlement Administration Fee: $0.00 Title Search Fee: $0.00 | Account Service fee: $0.00 Annual Service Fee: $0.00 Annual Package Fee: $0.00 |
How does a 4-year fixed rate home loan work?
With a 4-year fixed rate home loan your rate and regular repayments will stay the same during the fixed period. After [a year], the loan typically reverts to a variable rate, potentially changing your repayments. Alternatively, you can refinance to a different home loan.
A fixed rate home loan offers the certainty of repayments throughout the fixed term, irrespective of market fluctuations or sudden rate hikes. On the other hand, fixed rate loans tend to be less flexible than variable loans. For example, you may have limited ability to make extra repayments and access features like a redraw facility during the fixed period.
What happens at the end of a 4-year fixed home loan term?
When your fixed rate term expires, you’ll generally have two options:
- You’ll automatically roll onto a standard variable rate with your current lender
- You can refinance your home loan at a new fixed rate (or variable rate if you prefer) with your existing lender or another lender
How to compare 4-year fixed rates
1
Understand the advertised rate and comparison rate
The comparison rate estimates the overall cost of a home loan based on interest and fees. But the rate shown assumes you stay on that home loan for 25 years, so long after your fixed rate term has ended. The advertised rate may be more useful as a guide for comparing fixed rate options if you plan to refinance after the fixed term expires. When refinancing, you apply for a new loan at a different interest rate.
2
Look at total interest paid during the fixed term
This can be a more tangible way of comparing fixed rate loans as it shows you exactly how much you will be paying in interest while your loan is fixed. A small difference in interest rate might not look like much but looking at the overall cost to you in interest will paint a fuller picture.
3
Check out the home loan fees
All home loans come with fees, some more than others. This may include an application fee, settlement fee and ongoing fees to maintain your home loan. Some lenders may also charge a ‘rate lock’ fee if you want to lock in your fixed rate before your loan application is approved and avoid a rate hike.
4
Find the best home loan features
If you like to save money (who doesn’t?), try to find a fixed rate home loan with additional features like an extra repayments option and redraw facility. Fixed rate home loans generally have fewer features than variable loans, but you may still be able to find a happy medium.
4-year fixed rate home loan pros & cons
Pros | Certainty of repayments for the fixed four-year |
|---|---|
| Cons | You won’t benefit if there are rate cuts within 4 years |
Pros | You’re protected from sudden rate increases for up to 4 years |
| Cons | Access to fewer features that can help pay off your home loan faster |
Pros | Compared to a longer fixed term, a four-year fixed rate means you can re-fix or refinance your home loan sooner if you need to without break costs |
| Cons | Break costs apply if you refinance or pay your loan off early |
| Pros | Cons |
|---|---|
Certainty of repayments for the fixed four-year | You won’t benefit if there are rate cuts within 4 years |
You’re protected from sudden rate increases for up to 4 years | Access to fewer features that can help pay off your home loan faster |
Compared to a longer fixed term, a four-year fixed rate means you can re-fix or refinance your home loan sooner if you need to without break costs | Break costs apply if you refinance or pay your loan off early |
FAQs about fixed rate home loans
Who’s eligible for a 4-year fixed rate home loan?
Lenders tend to offer fixed rate options across most home loan products for both owner-occupiers and investors. The minimum eligibility requirements include:
- Australian citizenship or permanent residency (or married or in a de facto relationship with an Australian citizen or permanent resident)
- You must be over 18 years of age
- Meet the lender’s minimum income threshold
- Have a deposit or equity to contribute towards the purchase of the home
- A good credit history
Can I break a 4-year fixed home loan?
It’s possible to break (refinance) your fixed rate loan before the fixed term ends, but you’ll likely incur break costs. You may also pay break fees if you repay your fixed rate home loan early or make additional repayments.
The way lenders calculate break costs varies, but usually they consider your current rate and the time remaining on your fixed term. In some instances, break fees may outweigh the savings you may make if you refinance your home loan before the fixed term is up.
How long can you fix a home loan for?
Lenders typically offer fixed rate terms on home loans of one to five years. Check out our guides on:
Shopping around for the right loan can save you thousands of dollars in interest and fees.
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Written by
Senior Finance Writer
Megan Birot
Reviewed by
Home Loans Expert
Mansour Soltani
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