Fixed rate loans

  • Monthly payment certainty
  • Protects against interest fluctuations
  • Fixed periods of 1 to 5 years
  • Can convert to variable rate
  • Check repayments flexibility

Fixed Rate Home Loans (Principal and Interest)

A fixed rate home loan is a loan that has a fixed interest rate for a specified period, which therefore fixes the monthly repayment amount.

Whilst the overall loan is generally for the full loan term of 25-30 years, the fixed rate periods are usually for terms of 1 to 5 years. At the end of the 'fixed rate period' you can decide whether to fix the rate again at the current market rate, or convert the loan to a variable rate.


  • Protects you against rising interest rates for the entire fixed period
  • Allows you to easily budget for your monthly repayment


  • Repayments do not decrease if official interest rates fall
  • Allows only limited additional payments, and may incur penalty
  • If you wish to payout your loan early penalties can apply

Use our 'How much can I Borrow' calculator to get a quick idea of your borrowing capacity, and then contact one of our professional Time Finance Mortgage Brokers to get a full understanding of your borrowing ability.

With hundreds of different loan products in the market from all lenders, it can be a daunting time to go shopping for a home loan if you are doing it yourself or don't know what to look for. The benefits of why you should use a professional Time Finance Mortgage Broker are guaranteed.

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Depends on the size of your deposit, the value of the property, and your servicing capacity (based on your income and how much you are able to repay).


Most mortgage lenders will require a deposit of 20% or more of the property price. Less may be required however will require mortgage guarantee insurance in most cases


Depends on the type of loan, intrerestr rate, payment term, and whether you pay monthly or fortnighly. Use us mortgage calculators to guide you.


Every state is different and may depend on the value, whether you are building or buying an established home. Read more in our FHOG article


It is a rate that includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure that lets you compare loans from differengt lenders on a fair comparison.


This 'in principle approval' is usually valid for 3 months. Gives you the confidence on how much you can borrow before your purchase a property.


The cost of Stamp Duty varies between States and Territories. Subject to your personal loan circumstances, the cost of stamp duty can be included in the loan amount you borrow.

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