Take advantage of our Fixed Rate Home Loan, with a fixed interest rate for a set period, allowing you to plan your future with confidence. As a customer-owned bank, we’ve been serving our customers for over 60 years. And we’re committed to giving back to customers through competitive rates and fairer fees. If you’re a home buyer or homeowner looking to refinance, you might be wondering whether a variable or fixed home loan rate is the better option.

A fixed home loan rate gives you the assurance that your repayments will remain stable, without fluctuations in your interest rates, for a fixed period usually between 1 and 5 years. We offer a variety of home loan features, so you can pay the way you want to. From our $0 bank fees and the option to split your home loan between a fixed and variable rate, you’ll see why Aussies have chosen Qudos Bank for over 60 years. In addition, our Fixed Rate Home Loan gives you the flexibility to make additional repayments up to $10,000 per year.

When comparing fixed home loan interest rates, it’s important to consider the associated comparison rate. Comparison rates help you to identify the true cost of the loan by calculating the interest rate, plus certain fees and charges relating to the loan. Loans with the lowest fixed interest rate aren’t always the cheapest option. Make sure you review the comparison rate to understand the true cost of the loan product you’re applying for.

Keep reading to learn more about the features of our lowest fixed rate home loans.



Apply if you

✓ are at least 18 years of age,

✓ are a citizen or permanent resident of Australia,

✓ are currently in paid employment,

✓ have not been bankrupt.


What's next? 

As your application progresses, you'll be kept up to date with email notifications and calls from your dedicated home loan specialist.

We’re a customer-owned bank

We’re not listed on the stock exchange and therefore we don’t answer to investors. Instead, our customers are our shareholders. This means that we do not have to pay dividends and can offer competitive rates, fairer fees and reinvest into offering our customers better products and services. By banking with us, you will experience the difference between for-profit and for-customers.

"Excellent customer service and very smooth transfer of mortgage from other bank to Qudos."

Excellent customer service and very easy to talk to and ask questions. Smooth process transferring mortgage over and fixing rate. Excellent response time - very quick and easy to get a hold of an actual person. Highly recommend.


Bec, NSW
from ProductReview.com.au

Fixed Home Loans FAQs

Read our most frequently asked questions below.

How do I apply for a home loan?

To apply for a home loan with us, you can get in contact with our friendly team to process your application via telephone, online or in person at one of our branches. If you’re looking for a step-by-step guide on how to apply for a home loan, then check out our Home Loan Application Checklist and Guide to help you through the process. You can also check out our Home Loan Application Process Page for more information on the home loan process

How long will it take for my home loan application to be approved?

Online Applications: Once you've submitted your application and supporting information, conditional approval is usually obtained within 48 hours, subject to satisfactory credit checks and verification of financial and property information.

Applications over the Phone: Once you've submitted your application and supporting information, conditional approval is usually obtained within 5 business days, subject to satisfactory credit checks and verification of financial and property information.

Applications made in Branch: Once you've submitted your application and supporting information, conditional approval is usually obtained within 5 business days, subject to satisfactory credit checks and verification of financial and property information.

Your Home Loan Specialist can provide more information about approving your loan.

Can I split my home loan between fixed-rate and variable-rate ?

Yes, you can split your home loan between fixed-rate and variable-rate products. We offer the option for you to divide your home loan into multiple accounts across different fixed and variable-rate products. This could give you better risk management and more flexibility in making repayments.

Documents and forms

3 Year Owner Occupied Fixed Rate

5.94 % p.a. Interest rate 6.23 % p.a. Comparison rate

T&Cs, fees, charges and lending criteria apply.Rates displayed above are available for new borrowings of $150,000 and over only, owner-occupied, principal and interest, deposits 20% or more.

How to apply?

What is a fixed-term home loan?

A fixed-term home loan is a mortgage option where the interest rate is locked in for a set amount of time. This fixed rate period is usually between one and five years. If you take out a fixed-term home loan, your mortgage repayments will not change during the duration you have the fixed rate, regardless of whether interest rates are rising or falling.

Home loan repayments on a fixed-rate loan can include either principal and interest or interest only . Typically interest only payments are used by customers when the loan purpose is for investment. The principal part of your repayment is the portion of money you’ve borrowed from the bank for your home payment, while interest is the fee charged by the bank to lend this money.

Why do people choose fixed-rate mortgages?

Many Australian homeowners have opted for a fixed-rate home loan as they offer security and certainty. Knowing that you can lock in the same rate and, therefore, the same repayments for up to five years could allow you to manage your budget better. Furthermore, you could plan for your mortgage repayments without the stress of anything changing with the fluctuation of interest rate changes. For owner-occupiers, fixed-rate home loans may provide a sense of financial stability, while investors can more easily predict their annual return.

What happens at the end of a fixed home loan?

When your fixed-rate home loan comes to the end of its fixed period, you could choose to either re-fix or switch to the prevailing variable rate. You cannot extend the term of your existing fixed rate. Instead, your bank will offer you a revised fixed rate which you can accept or reject.

At the end of your fixed-rate period, it's a good time to take stock of your financial situation before deciding on your next move. A lot has likely changed since you agreed to your original fixed-term rate, including your circumstances, financial goals and what's happening in the global market. These are all important considerations for deciding whether to re-fix or switch to a variable rate for your new loan amount.

What is the alternative to a fixed home loan?

If a fixed home loan isn't for you, there is another option; variable rates. Variable interest rates aren't fixed, and instead fluctuate as the market and lender interest rates change.

A rate allows your mortgage repayments to increase or decrease, depending on the interest rates. So they offer the advantage of making the most of lower interest rates but also come with the risk that the rate will increase when interest rates are higher. Since the mortgage repayments are not locked in, it can be harder to budget for your repayments with certainty.

If you’re considering a variable rate, it's wise to understand that future changes in interest rates may impact your future repayments.

Should I fix my interest rate for 2024?

Whether a fixed home loan is right for you or not is dependent on your situation. There are benefits to both a fixed rate and a variable rate.

If you choose a fixed-rate home loan and lower interest rates become available, you will not be able to take advantage of these lower rates. Likewise, if you plan to sell your house or refinance in the near future (during the period of your fixed rate), you may prefer to consider opting for a variable-rate loan to avoid early repayment fees. If you have a fixed rate loans and would like to pay more you can pay up to an additional $10,000 over your required repayments your without incurring break costs.  If you wish to pay more on your fixed rate loan, ensure you contact us so we can advise you if you would incur break costs by doing so.

Fixed-rate home loans may be a wise option for home buyers who are seeking security and certainty for their monthly mortgage payments for several years. A fixed-rate loan could help to provide stability in budgeting and may reduce your interest payments if interest rates rise. If you’re considering a fixed-rate loan, ensure you speak with one of our Lending Specialists to fully understand the terms and conditions and to determine if a fixed rate is best for you and your situation.

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Helpful Tips and Guides


  • 1 Rates displayed above are available for new borrowings of $150,000 and over only. Minimum deposit of 10%. Fixed rate may change prior to funding. On expiration of the fixed rate period, the interest rate reverts to a variable rate currently 6.34% for Owner Occupier and 6.64% for Investment home loans. Excludes existing loans, switching and variations. These offers can be withdrawn by Qudos Bank at any time.
  • 2 WARNING: The comparison rates apply only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rates assume a loan of $150,000 for 25 years. For fixed rate loans, the comparison rate is based on the initial fixed period, reverting to 6.34% for owner-occupied loans and 6.64% for investment loans. For fixed interest only loans, the interest only period is equal to the fixed period.

Normal lending criteria, terms and conditions and fees and charges apply. Mortgage insurance is required for home loans over 80% and is subject to approval.

Interest only subject to approval. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan

You should read and consider the relevant terms and conditions (available on request) and our Financial Services Guide before deciding whether to obtain any of our financial products or services.

As the information on this page is of a general nature and has been prepared without considering your objectives, financial situation or needs, before acting on the information, consider its appropriateness to your circumstances.