Enjoy the stability of a fixed rate

You can be rest assured with our fixed rate home loans knowing what your repayment amount will be for the period you’ve nominated. Benefit from competitive fixed interest rates and take advantage of flexible repayments and no redraw or monthly administration fees. The rate is reduced if the loan-to-value ratio (LVR) is <= 70% (see rates below). LVR is the loan-to-value ratio is the amount you are borrowing represented as a percentage of the value of the property you are buying e.g. $400,000 loan divided by $500,000 property value is 80%.

Product Features:

Investment Loans
Minimum amount : $50,000
Maximum amount : 80% of property value. 95% of property value with mortgage insurance.
Loan period : Up to 30 years
Redraw facility : Yes
Minimum redraw amount : No minimum
Repayments : Weekly, fortnightly or monthly
Interest : Calculated daily, charged monthly
Offset account : Yes - $150p.a
Top up facility : No
Additional repayments accepted : Yes
Establishment fee : $350
Administration fee : $0
Redraw fee : $0
Monthly fee : $0
Early Payout Fee : Yes
Fixed LVR Interest rate p.a. Comparison rate p.a.
1 Year <=70% 6.09% p.a. 6.76% p.a.
2 Years <=70% 5.84% p.a. 6.65% p.a.
3 Years <=70% 5.79% p.a. 6.55% p.a.
5 Years <=70% 6.04% p.a. 6.52% p.a.
1 Year >70% 6.24% p.a. 6.91% p.a.
2 Years >70% 5.99% p.a. 6.80% p.a.
3 Years >70% 5.94% p.a. 6.70% p.a.
5 Years >70% 6.19% p.a. 6.67% p.a.

 

How much would my repayments be?

You will need to adjust the interest rate below to provide an indication of results.

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Why choose us?

Our purpose is to provide personalised banking services to our members. Our Values are ...

  • 1 Fixed rate reverts to our Home Sweet Home Loan Residential Investment rate after fixed term period.
  • 2 The comparison rates are calculated on a loan amount of $150,000 over a term of 25 years. WARNING: These comparison rates are 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. All loans are secured. Fixed interest rate home loans are fixed for the term specified in the Offer and Loan Contract after which the interest rate will revert to the Home Sweet Home Residential Investment Loan variable interest rate applicable at the time. The standard variable rate is published at each Horizon Bank branch. Terms and Conditions, fees and charges apply and are available on request
  • 3 Break costs may apply, if over a 12 month period, $30,000 or more is repaid over and above scheduled repayment amounts.
  • 4 Early payout fee is payable if you payout your loan before the end of its fixed interest rate period