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Fixed interest rate home loan

With this loan you keep the same interest rate and make the same payments for a selected period of time. This may make it easier for you to manage your finances because you know that your payments won’t change.

Benefits at a glance

  • Fixed interest rate terms to suit you – from 6 months to 5 years.
  • Budget with certainty knowing your payments won’t change for your fixed interest rate term.
  • Interest only and payment holiday options available.
  • You can increase your regular payments by up to $500 per fortnight, or $1000 per month for the rest of your fixed interest rate term.

Is it right for me?

A fixed interest rate loan may suit you if you want to make regular loan payments and know exactly how much each payment will be. Managing your budget may be easier, knowing your interest rate and payment amounts won’t change during the fixed interest rate period.

However you need to be mindful that a fixed interest rate means limited payment flexibility. If flexibility to make extra payments is important to you, you might like to consider a floating interest rate loan, or perhaps split your loan and have a combination of both fixed and floating.

About this loan

Increasing your payments

You can increase your payments by up to $500 a fortnight or $1000 a month without any cost. If you do this, you’ll need to keep your payments at this new amount for the remainder of your fixed interest rate term.

Make an extra payment

It is possible to make an extra payment on a fixed interest rate loan however you need to be aware an early repayment adjustment (ERA) may apply.

Choose how you repay the interest and principal

There are different repayment options to choose from. This includes a table loan, a reducing loan or interest-only.

Re-fix your loan at the end of the fixed interest rate term

Once your fixed term comes to an end, you can re-fix your loan on a new interest rate.   Let us know your plans anywhere up to 60 days before expiry, and we can help you lock in a new rate well in advance.  Alternatively, you can choose to do nothing and your interest rate will revert to our Housing Variable (floating) rate.  

Choose a single loan or a split loan structure

You have the option of a single loan on a fixed interest rate or you can choose to split the amount you borrow across a combination of different interest rates as seperate loans.

A split loan can give you both the convenience of payment certainty and flexibility.

Fix your interest rate

You can fix your interest rate for terms between 6 months to 5 years.

Home loan interest rates & specials

Fixed 12 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 18 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 24 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 36 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 48 month special rate

Min 20% equity required. Ts&Cs apply.

Fixed 60 month special rate

Min 20% equity required. Ts&Cs apply.

24-month fixed rate

6-month fixed rate

12-month fixed rate

18-month fixed rate

36-month fixed rate

48-month fixed rate

60-month fixed rate

Housing variable rate

ASB's lending criteria, terms and fees apply. Interest rates are subject to change. A loan processing fee of $400 may apply.

Apply for an ASB home loan

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0800 100 600

Other options to consider

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ASB’s lending criteria, terms and fees apply. An early repayment adjustment may apply if you break a fixed rate term.

Home loans Fixed interest rate home loan