Fixed rate home loans

Have certainty with fixed repayments so you can budget and plan with confidence.

What is a fixed rate home loan?

A fixed rate home loan gives you the certainty of fixed repayments, meaning you'll pay the same amount each week (or fortnight or month), even when market or pricing conditions change.

While you can’t benefit from rate reductions that may be passed during the fixed rate period, unlike with a variable rate home loan, a fixed rate home loan provides stability, which can help you budget and plan with confidence.

Why choose a fixed rate home loan?

Consistent repayments for the term of the fixed rate period
Protection from interest rate rises
Peace of mind when budgeting and planning

If you’d like options that help you to make extra repayments, consider looking at the features you can use with a variable rate home loan.

Is a fixed rate right for you?

With a fixed rate home loan, you can be sure of how much you’ll need to repay each week, fortnight or month, making it easier to stick to your budget and plan.

What you need to consider

There may be limits to making additional repayments if you have extra cash on hand or want to get ahead on your home loan.

There may also be break fees if you refinance, repay the loan early or change your loan before the fixed term ends.

Apply now

Our home loan property usage options

Owner-occupied

With an owner-occupied home loan, you're buying a property to live in. It’s simply the difference between whether you’re living in the property or not. If it’s your current residence, it’s considered owner-occupied. These loans typically have lower interest rates than investment loans.

Learn more

Investment

With an investment home loan, you're buying a property to generate income, either through rent or capital gains, while living elsewhere. How the property is used determines the type of loan you need. Investment loans usually come with higher interest rates than owner-occupied loans.

Learn more

Repayment type

Principal & Interest

With a principal and interest loan, you make repayments that reduce both the amount borrowed (the principal) and the interest charged. This is the most common type of home loan, and it means your loan balance decreases over time. We offer both fixed and variable rate principal and interest loans.

Learn more

Interest-only

With an interest-only loan, you only pay the interest charged on the loan, but not the principal itself. If you only make interest only repayments, the loan balance won’t reduce over the interest only period. We offer both fixed and variable rate interest-only loans.

Learn more

Home loan calculators

Simple and easy to use, our home loan calculators can help you estimate repayments, how much you can borrow, and what you could save if you refinance. But remember, the results are just a guide to help get you started on your journey.

Borrowing calculator

How much can I borrow?

Find out how much you could borrow to get started on your online home loan journey.

Calculate

Refinance calculator

Looking to refinance a home loan?

Find out how much you could save by switching to an NRMA Home Loan.

Calculate

Repayments calculator

Want to calculate your potential mortgage repayments?

Find out your repayment options, rates and schedule on your loan amount.

Calculate

Fixed rate FAQs

View all FAQs

Your fixed rate home loan will automatically be switched over to a variable principal and interest rate loan unless you fix your loan for another term. You’ll be notified before the term ends, so you can review your options when the time comes.

Yes, but limits may apply. Most fixed rate loans have a cap for the number of additional repayments that you can make each year without incurring break costs. Check your loan terms and conditions for the details of these additional repayment limits.

Some fixed rate loans come with these additional features, but you should review your home loan features or speak to a lending specialist to confirm.

Yes, you can choose to fix your loan for another term. If you don't advise your lender to do so before the end of a fixed term, your loan will revert to a variable rate at the end of the term.

Explore these articles

04 February, 2026

In the home | NRMA Insurance Blog

5 things to consider before buying an investment property

Thinking of buying an investment property? We help you prepare with 5 key considerations.

Read more

Guide Home loans
04 February, 2026

In the home | NRMA Insurance Blog

Types of home loans in Australia

Fixed, variable or split? We help you decide by explaining what types of loans are available in Australia and how they work.

Read more

Guide Home loans
13 November, 2025

In the home | NRMA Insurance Blog

Refinancing your home loan

Thinking about switching lenders? We’re here to help you understand where to begin and what’s involved.

Read more

Guide Home loans

Need help?

Get support and answers to your home loan questions.

Ready to get started?

Apply now or continue your NRMA Home Loan application.

Apply now

Resume application

Things you should know

Bendigo and Adelaide Bank Limited (ABN 11 068 049 178, AFSL and Australian Credit Licence 237879) (“Bendigo Bank”) is the credit provider. Credit services are provided by Tiimely Pty Ltd (ABN 41 605 696 544 and Australian Credit Licence 496431) (“Tiimely”). Insurance Australia Limited trading as NRMA Insurance (ABN 11 000 016 722) (“IAL”) is a member of AFCA and does not hold an Australian Credit Licence. IAL may receive a commission from Bendigo and pay a commission to Tiimely if your loan application is approved.

NRMA Home Loans is brought to you by Insurance Australia Limited ABN 11 000 016 722, trading as NRMA Insurance, which is a separate and independent company from National Roads and Motorists' Association Limited ABN 77 000 010 506, trading as NRMA. NRMA provides Membership, the “My NRMA” app and other services.

Fixed rate home loans