Regional Australia Bank Home Loan (Fixed Owner Occupied)
Fixed rate
Our fixed-rate home loan is a great option if you'd prefer to lock in your home loan repayments and stay on top of your budgeting.
- Interest rate a year, from
- 6.35%
- Comparison rate
- 6.19%
- Upfront fees
- $425
- Annual fee
- None
- Monthly fee
- None
Monthly repayment
$600,000 over 30 years
What it would cost
At the lowest rate of 6.35% (1 year fixed, live in, principal and interest). The rate you are offered depends on your deposit and the loan you choose, and upfront fees are not included.
- Monthly repayment
- $3,733
- Total repayments
- $1,344,029
- Interest
- $744,029
Rates
Every rate Regional Australia Bank publishes for this loan. LVR is the loan as a share of the property's value: 80% for a 20% deposit.
| Rate | Property | Repayments | LVR | Interest rate | Comparison rate |
|---|---|---|---|---|---|
| 1 year fixed | Live in | Principal and interest | Up to 60% | 6.35% | 6.19% |
| 1 year fixed | Live in | Principal and interest | 60% to 70% | 6.39% | 6.24% |
| 1 year fixed | Live in | Principal and interest | 70% to 80% | 6.39% | 6.33% |
| 1 year fixed | Live in | Principal and interest | 80% to 90% | 7.08% | 6.83% |
| 1 year fixed | Live in | Principal and interest | 90% to 95% | 7.62% | 7.26% |
| 1 year fixed | Live in | Interest only | Up to 60% | 6.60% | 6.21% |
| 1 year fixed | Live in | Interest only | 60% to 70% | 6.64% | 6.26% |
| 1 year fixed | Live in | Interest only | 70% to 80% | 6.64% | 6.35% |
| 1 year fixed | Live in | Interest only | 80% to 90% | 7.33% | 6.86% |
| 1 year fixed | Live in | Interest only | 90% to 95% | 7.87% | 7.29% |
| 2 year fixed | Live in | Principal and interest | Up to 60% | 6.38% | 6.21% |
| 2 year fixed | Live in | Principal and interest | 60% to 70% | 6.42% | 6.26% |
| 2 year fixed | Live in | Principal and interest | 70% to 80% | 6.42% | 6.34% |
| 2 year fixed | Live in | Principal and interest | 80% to 90% | 7.10% | 6.87% |
| 2 year fixed | Live in | Principal and interest | 90% to 95% | 7.65% | 7.31% |
| 2 year fixed | Live in | Interest only | Up to 60% | 6.63% | 6.26% |
| 2 year fixed | Live in | Interest only | 60% to 70% | 6.67% | 6.31% |
| 2 year fixed | Live in | Interest only | 70% to 80% | 6.67% | 6.39% |
| 2 year fixed | Live in | Interest only | 80% to 90% | 7.35% | 6.91% |
| 2 year fixed | Live in | Interest only | 90% to 95% | 7.90% | 7.36% |
| 3 year fixed | Live in | Principal and interest | Up to 60% | 6.37% | 6.23% |
| 3 year fixed | Live in | Principal and interest | 60% to 70% | 6.41% | 6.28% |
| 3 year fixed | Live in | Principal and interest | 70% to 80% | 6.41% | 6.35% |
| 3 year fixed | Live in | Principal and interest | 80% to 90% | 7.10% | 6.89% |
| 3 year fixed | Live in | Principal and interest | 90% to 95% | 7.65% | 7.35% |
| 3 year fixed | Live in | Interest only | Up to 60% | 6.62% | 6.30% |
| 3 year fixed | Live in | Interest only | 60% to 70% | 6.66% | 6.35% |
| 3 year fixed | Live in | Interest only | 70% to 80% | 6.66% | 6.42% |
| 3 year fixed | Live in | Interest only | 80% to 90% | 7.35% | 6.96% |
| 3 year fixed | Live in | Interest only | 90% to 95% | 7.90% | 7.42% |
| 4 year fixed | Live in | Principal and interest | Up to 60% | 6.62% | 6.34% |
| 4 year fixed | Live in | Principal and interest | 60% to 70% | 6.66% | 6.23% |
| 4 year fixed | Live in | Principal and interest | 70% to 80% | 6.66% | 6.45% |
| 4 year fixed | Live in | Principal and interest | 80% to 90% | 7.11% | 6.92% |
| 4 year fixed | Live in | Principal and interest | 90% to 95% | 7.64% | 7.39% |
| 4 year fixed | Live in | Interest only | Up to 60% | 6.87% | 6.43% |
| 4 year fixed | Live in | Interest only | 60% to 70% | 6.91% | 6.47% |
| 4 year fixed | Live in | Interest only | 70% to 80% | 6.91% | 6.54% |
| 4 year fixed | Live in | Interest only | 80% to 90% | 7.36% | 7.01% |
| 4 year fixed | Live in | Interest only | 90% to 95% | 7.89% | 7.48% |
| 5 year fixed | Live in | Principal and interest | Up to 60% | 6.77% | 6.44% |
| 5 year fixed | Live in | Principal and interest | 60% to 70% | 6.81% | 6.49% |
| 5 year fixed | Live in | Principal and interest | 70% to 80% | 6.81% | 6.55% |
| 5 year fixed | Live in | Principal and interest | 80% to 90% | 7.19% | 6.99% |
| 5 year fixed | Live in | Principal and interest | 90% to 95% | 7.63% | 7.42% |
| 5 year fixed | Live in | Interest only | Up to 60% | 7.02% | 6.54% |
| 5 year fixed | Live in | Interest only | 60% to 70% | 7.06% | 6.59% |
| 5 year fixed | Live in | Interest only | 70% to 80% | 7.06% | 6.65% |
| 5 year fixed | Live in | Interest only | 80% to 90% | 7.44% | 7.09% |
| 5 year fixed | Live in | Interest only | 90% to 95% | 7.88% | 7.52% |
Comparison rates are for an example loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Fees and features
Fees
- Upfront fees
- $425
- Annual fee
- None
- Monthly fee
- None
Features
- Offset account
- No
- Redraw
- No
- Highest LVR
- 95%
- Loan amount
- From $500
How it compares
Against the other home loans we compare, for a home you live in with a 20% deposit. Typical means the middle half of them.
Upfront fees
$425
Typical upfront fees are $600.
Annual fee
None
A typical annual fee is $350.
Smallest deposit
5%
Most loans need at least 10% of the price.
Pros and cons
Pros
- No annual fee. Nothing extra to pay each year over the life of the loan.
- Fixed rates on offer. You can fix for 1 to 5 years if you'd like repayments that don't change for a while.
- Interest only available. Some investors use it to keep repayments down for a few years, though the balance doesn't fall in that time.
Cons
- No offset account. Your savings can't reduce the interest unless you pay them into the loan.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
- A $20 late payment fee. Setting up automatic repayments avoids it.