Compare 5 year fixed home loans

The table below displays 5-year fixed home loans from our Online Partners.

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People's Choice Home Loan | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 244310.
People's Choice Home Loan | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.29%
5 year fixed
5.49%
$1,941
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 244310. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 244310. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Up Up Home | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 237879.
Up Up Home | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.50%
5 year fixed
5.50%
$1,987
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 237879. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 237879. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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Tiimely Home Refinance & Purchase | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 496431.
Tiimely Home Refinance & Purchase | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.49%
5 year fixed
5.52%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 496431. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 496431. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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ING Orange Advantage | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 229823.
ING Orange Advantage | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.34%
5 year fixed
5.54%
$1,952
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Fees & charges apply. Australian Credit Licence 229823. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 229823. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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Firefighters Mutual Bank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
Firefighters Mutual Bank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.55%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Health Professionals Bank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
Health Professionals Bank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.55%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
NRMA Insurance Basic Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider..
NRMA Insurance Basic Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.55%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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Teachers Mutual Bank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
Teachers Mutual Bank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.55%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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UniBank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
UniBank Your Way Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.55%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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ING Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 229823.
ING Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.44%
5 year fixed
5.58%
$1,974
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Fees & charges apply. Australian Credit Licence 229823. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 229823. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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BOQ Special | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 244616.
BOQ Special | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.29%
5 year fixed
5.62%
$1,941
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Fees & charges apply. Australian Credit Licence 244616. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 244616. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Macquarie Bank Basic Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 237502.
Macquarie Bank Basic Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.63%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Fees & charges apply. Australian Credit Licence 237502. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 237502. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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Hume Bank Myblue | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 244248.
Hume Bank Myblue | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.65%
5 year fixed
5.67%
$2,020
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 244248. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 244248. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
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Bank Australia Limited trading as Qudos Bank Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238431.
Bank Australia Limited trading as Qudos Bank Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.59%
5 year fixed
5.70%
$2,007
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Fees & charges apply. Australian Credit Licence 238431. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238431. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Bendigo Bank Express Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 237879.
Bendigo Bank Express Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.71%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 237879. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 237879. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
QANTAS Basic Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 237879.
QANTAS Basic Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.59%
5 year fixed
5.71%
$2,007
Principal & Interest
Link Not Supplied
Points
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 237879. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 237879. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
NRMA Insurance Offset Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider..
NRMA Insurance Offset Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.72%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
10% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 237879 is held by Bendigo and Adelaide Bank Limited, the credit provider.. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Australian Mutual Bank Home Loan | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 236476.
Australian Mutual Bank Home Loan | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.44%
5 year fixed
5.80%
$1,974
Principal & Interest
Link Not Supplied
Owner occupied
5% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 236476. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 236476. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Firefighters Mutual Bank Your Way Plus Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
Firefighters Mutual Bank Your Way Plus Home Loan | 5 year fixed
star filled star filled star filled star filled empty star
Tooltip icon
5.49%
5 year fixed
5.80%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
promoted
Health Professionals Bank Your Way Plus Home Loan | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
Fees & charges apply. Australian Credit Licence 238981.
Health Professionals Bank Your Way Plus Home Loan | 5 year fixed
star filled star filled star filled star filled star filled
Tooltip icon
5.49%
5 year fixed
5.80%
$1,985
Principal & Interest
Link Not Supplied
Owner occupied
20% min deposit
Redraw facility
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR
Link Not Supplied
Fees & charges apply. Australian Credit Licence 238981. Star Rating for a $350k owner occupier 5 year fixed rate P+I loan at 80% LVR

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Unsure of a term in the above table? View glossary

The initial results in the table above are sorted by Star Rating (High-Low) , then Comparison rate^ p.a. (Low-High) , then Provider Name (Alphabetical) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

promoted
Fees & charges apply. Australian Credit Licence 237391.
Interest rate p.a.
Comparison rate^ p.a.
Monthly repayment
5.54%
Variable
5.57%
$1,996
Principal & Interest
IMB Bank Budget Home Loan
Enjoy up to $4,000 cashback when you switch your eligible home loan to IMB Bank. Terms and Conditions Apply
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Low Rate Home Loan
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Apply online in minutes!
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Canstar's Most Satisfied Customers - Bank - 2022
Fees & charges apply. Australian Credit Licence 237391. See Terms & Conditions. ^ Comparison Rate Warning. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR
Fees & charges apply. Australian Credit Licence 237391. See Terms & Conditions. ^ Comparison Rate Warning. Star Rating for a $500k owner occupier variable rate P+I loan at 80% LVR

What type of home loans are there?

There’s more to buying a home than just choosing the right property – there’s also the question of how to structure your loan. Generally speaking, there are three types of home loan rates available. A fixed rate will see your interest payments remain steady for a set period of time, while a variable rate could see them go up and down. A split rate, on the other hand, can allow you to combine the two at a percentage split that’s appropriate for your needs.

If you want to lock in a steady home loan interest rate for the medium term, then one option might be to choose a five-year fixed rate home loan. You can find answers below to some of the most frequently asked questions about five-year fixed rate home loans. Otherwise, you can also use the comparison table at the top of the page to compare current home loans on the market from our online partners.

Frequently Asked Questions about 5-year Fixed Home Loans

A five-year fixed rate home loan is one in which the interest rate you’ll pay on the balance of the loan is locked in place or ‘fixed’ for a period of five years. This means that, throughout the entire five-year term, the interest rate will remain the same, and you will be guaranteed that it will not fluctuate, as it would with a variable rate loan.

It is possible to lock in a home loan rate for a shorter or longer period of time, depending on your preference and what your lender is willing to offer. For example, you may only want to fix your rate for a comparatively short period of one, two or three years. Alternatively, if you are happy with your rate, you may choose to lock it in for five years.

What are potential advantages of a 5-year fixed home loan?

There can be a number of possible benefits you could see from locking in an interest rate for five years. These include:

  • protection from interest rate rises. With a five-year fixed rate, your repayments will remain the same from month to month for the whole five-year period. This means that you will be protected from interest rate rises, for that period, and if your lender raises interest rates significantly on the home loan you have, you will still be paying a lower rate.
  • a sense of certainty in your repayments. Along with protection from interest rate rises comes a certainty in your repayments. Knowing that you will be paying the same interest rate on your home loan for five years can give you the ability to budget for other needs and expenses, while knowing exactly how much your mortgage will cost. Keep in mind the comparison rate on a home loan product will combine the interest rate with most fees and charges, to give you a more accurate cost of the loan overall.
  • the potential to save on fees and charges. Variable rate loans come with added features such as offset accounts and redraw facilities. While these may be appealing, they can also make a loan more expensive, so if you are happy without these extras, a five-year fixed loan could include fewer fees and charges.

What are potential drawbacks of a 5-year fixed home loan?

While locking in an interest rate for five years can give you a sense of security in your repayments, there are a number of possible downsides to consider, including:

  • the potential to miss out on a lower interest rate. When you lock your rate in, you will be protected from interest rate rises, but conversely, you will also miss out if interest rates fall.
  • an inability to make additional repayments. In general, variable rate home loans are structured in a way that allows you to make extra repayments, bringing down the balance of the loan and reducing the interest you pay. Fixed rate loans generally do not come with this feature, and if they do, it will usually come at an extra cost.
  • fewer features. The features of a variable rate home loan can be appealing. For example, depending on your loan, you may be able to use an offset account to lower the balance of your home loan, while having access to your funds for everyday banking. If you do want to have features like this on a fixed rate loan, some lenders may offer them at an extra cost, but with a fixed rate loan, you may feel you are missing out on added features.

Generally speaking, when a five-year fixed term (or any fixed term) ends on a home loan, you will have several options. You could:

  • revert to a variable rate with your current lender
  • refinance with your current lender or a new lender at a new fixed rate
  • refinance with your current lender or a new lender at a split rate
  • refinance with a new lender at a variable rate.

Generally speaking, it is possible to break a fixed home loan, though this will depend on the specific terms and conditions of the home loan product you take out. If your contract allows you to exit from your loan early, it’s likely that you will be charged a ‘break cost’ or a ‘break fee’. Lenders generally charge this amount as a form of compensation for lost profits that they may face as a result of borrowers breaking loans.

Explore further: Breaking a fixed-rate home loan: What are break costs?

While there is no set amount for break fees, they generally take into account the fixed interest rate (relative to current interest rates), the amount of time left on the loan, and the amount of the loan itself.

 

Latest in home loans

Canstar Star Ratings and Awards

Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.

Home Loan Awards  Refinance Home Loan Awards

About our home loan experts

Alasdair Duncan, Content Editor

Alasdair Duncan
Alasdair Duncan is Canstar's Content Editor, specialising in home loans, property and lifestyle topics. He has written more than 500 articles for Canstar and his work is widely referenced by other publishers and media outlets, including Yahoo FinanceThe New DailyThe Motley Fool and Sky News. He has featured as a guest author for property website homely.com.au. In his more than 15 years working in the media, Alasdair has written for a broad range of publications. Before joining Canstar, he was a News Editor at Pedestrian.TV, part of Australia’s leading youth media group. His work has also appeared on ABC News, Junkee, Rolling Stone, Kotaku, the Sydney Star Observer and The Brag. He has a Bachelor of Laws (Honours) and a Bachelor of Arts with a major in Journalism from the University of Queensland, and has completed a RG146 compliance training course. When he is not writing about finance for Canstar, Alasdair can probably be found at the beach with his two dogs or listening to podcasts about pop music. You can follow Alasdair on LinkedIn.

Joshua Sale, GM, Research

Joshua Sale

As Canstar’s Ratings Manager, Josh Sale is responsible for the methodology and delivery of Canstar’s Home Loans Star Ratings and Awards and the Home Loan Refinance Awards. With tertiary qualifications in economics and finance, Josh has worked behind the scenes for the last five years to develop Star Ratings and Awards that help connect consumers with the right home loan for them.

Josh is passionate about helping consumers get hands-on with their home loans, always reminding home buyers that finding the right loan can be as important for your finances as negotiating a fair property purchase price. Josh has been interviewed by media outlets such as the Australian Financial Review, news.com.au and Money Magazine, discussing topics including home loan equity and wider finance trends.

When it comes to Josh’s own property journey, the home loans expert once bought two houses in the same transaction when he ensured the cubby house his daughter loved was listed on the purchase contract for his new home.

You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.


Important information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

Home loan Star Ratings are updated daily. During periods of significant market fluctuations, such as adjustments to the reserve bank's cash rate, star rating updates will be paused for variable home loans until the market has stabilised. However, advertised interest rates of products will continue to be updated as advised by lenders. The results don’t include every provider in the market and we may not compare all features relevant to you. Current rates and fees are displayed and may be different to what was rated. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Home Loans Star Rating Methodology. The rating shown is only one factor to take into account when considering products. The table defaults to display only home loans available to somebody borrowing up to 80% of the property value, but you can use the filters to change this. Similar products might have different features and fees depending on the amount you borrow. Contact the lender for details.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied.  The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. Canstar provides information about credit products. We’re not suggesting or recommending a particular credit product for you. If you decide to apply for a loan, you will deal directly with the provider, not with Canstar. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. It’s important you check rates and product information directly with the provider. For more information, read our Detailed Disclosure. ^Read the Comparison Rate Warning.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

Before you elect to terminate or modify existing lending arrangements, we recommend you consider (i) your personal circumstances, and (ii) any associated fees, exit costs and application costs that may be applicable as well as the impact these changes could have on you. We suggest you consider seeking independent advice from a qualified adviser.

“Interest-only loan” generally means a loan where you will only pay interest during the interest-only term. That means you won’t be making payments which reduce debt during the interest-only term.