Fixed Rate Home Loan
Lock in your repayments for 1, 2 or 3 years.
Get a great fixed rate and predictable repayments. You’ll also love the additional features like free redraw in internet banking and flexible loan options.
Key features
Borrow up to 90% of the property value
Flexible payment options
Unlimited extra repayments
Flexible loan period
Redraw facility (minimum $500)
Fees and requirements
Establishment fee $300
Monthly fee $8
5.89
%p.a. fixed interest rate* (1 year)
7.43
%p.a. comparison rate* (1 year)
Questions about our fixed rate loan? Contact us, we’re happy to help.
*Rate based on borrowing on a LVR <=60%
Eligibility subject to lending criteria.
Comparison Rate calculated on a loan amount of $150,000 over a term of 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.
Conditions of use | Schedule of fees and charges | Financial services guide | Summary of accounts | Schedule of loan fees | Mortgage loan interest rate sheet
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FAQs
A redraw facility is a valuable home loan feature; it allows you to:
- make extra repayments to your home loan
- access the extra funds if you need to.
If you’ve paid more than your scheduled repayments and something comes up, you can redraw these funds to cover the costs. Paying more on your home loan each month will also help you reduce your interest payments. Or, if you want to make some home improvements, fund a large expense, or go on a holiday, the money is available for redraw.
Please note: The minimum redraw is $500. Redraw is free in Coastline Bank Internet Banking, or you can redraw in the branch for a $20 fee.
A redraw facility is a valuable home loan feature; it allows you to:
- make extra repayments to your home loan
- access the extra funds if you need to.
If you’ve paid more than your scheduled repayments and something comes up, you can redraw these funds to cover the costs. Paying more on your home loan each month will also help you reduce your interest payments. Or, if you want to make some home improvements, fund a large expense, or go on a holiday, the money is available for redraw.
Please note: The minimum redraw is $500. Redraw is free in Coastline Bank Internet Banking, or you can redraw in the branch for a $20 fee.
Yes. At Coastline Bank, you can make extra repayments on your home loan without penalty. Paying more than the minimum monthly repayment will help you save money on interest and reduce the length of your loan. You can also make additional lump-sum payments to your home loan whenever you like.
Paying off your loan faster frees up funds for other financial goals, such as other investments or retirement. You'll also enjoy the peace of mind that comes with owning your home outright.
The Loan-to-Value Ratio (LVR) measures how much of the property’s value is financed by the loan. It is calculated by dividing the loan amount by the property’s appraised value. LVR is displayed as a percentage. For example, if you borrow $300,000 to buy a $500,000 home, your LVR is 60%.
Banks and lenders also use LVR to assess risk, and if you’re thinking about applying for a home loan, understanding your LVR can go a long way.
Yes. Many of our loans allow you to transition from a fixed rate to a variable rate. Your ability to switch will depend on the terms of your mortgage. You may have the potential for lower interest rates, but you may also incur fees.
Before you make the switch, it’s important to understand the process.
Applying for our Fixed Rate Home Loan is easy, and you can get started online today.
Our application process is designed to be simple and straightforward.
Loan options and services
General advice warning
This advice has been prepared without taking your objectives, financial situation, or needs into account. Before acting on this advice, you should consider whether it is appropriate for your circumstances. For more details, access the relevant Product Disclosure Statements, Target Market Determinations or Financial Services Guides under 'Important information' on our product pages.
All loan applications are subject to credit approval. Interest rates may vary, and fees and charges could apply.