• Fixed Rate Home Loan

    The easy way to fix your loan

  • Fixed Rate Home Loan
    Interest rate p.a. 5.95%
    Comparison rate p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan 7.41%

    Ideal for:
    First home buyers, investors.

    • Wide range of fixed rate periods – 1, 2, 3, 4, 5 and 10 year period
    • Deposit up to an additional $25,000 during the fixed rate period
    • Redraw your additional repayments when you need it.

    Based on a $150,000 loan over 25 years

    • 1 Yr
      2 Yr
      3 Yr
      4 Yr
      5 Yr
      10 Yr
      Interest rate p.a. 5.95% 5.95% 6.09% 6.49% 6.69% 7.19%
      Comparison rate p.a. A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan
      7.41% 7.28% 7.21% 7.26% 7.29% 7.49%
      Minimum loan size Minimum loan size to be borrowed

      $15,000

      Maximum loan size Maximum loan size to be borrowed

      No maximum3

      Owner Occupier Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property

      (Refer Credit Guidlines for full details)

      		95%1
      Investor Max LVR The maximum loan to value ratio ("LVR") means the amount you can borrow expressed as a percentage of the security (property) value. For example, 90% LVR means you can borrow up to 90% of the value of the property

      (Refer Credit Guidlines for full details)

      95% 2

      Redraw A redraw facility allows you access to the available funds (if any) in your home loanYes

      Minimum $1,000

      $10 per redraw

      Loan Splitting Splitting the loan into two (or more) accounts, usually one part at a fixed interest rate and the other at a variable interest rateYes

      Yes

      Minimum $15,000

      Interest Only payments The borrower elects to make repayments covering the interest charged only and not on the principal. The interest only period is usually limited to a maximum of 5 or 10 years depending on the home loan type and term selected by the customerYes

       1 to 5 years and 10 year4 option

      Interest Capitalisation The act of adding any interest charged, and not repaid, onto the loan (the capital). Interest is then calculated on this new 'capitalised' amountNo
      Weekly/Fortnightly/Monthly Payments Weekly: Yes
      Fortnightly: Yes
      Monthly: Yes
      Extra payments

      Up to a total of $25,000 during the fixed rate term

      Deposit methods6

      Direct debit, Salary Credit, BPAY® and myRAMS

      Loan fixing Yes- at Origination
      No- Post settlement
      Fixed Rate Lock-In Fee7: 0.15% of the credit limit available at application
      Loan switching You can 'switch' your loan's variable interest rate to a fixed interest rate (subject to the terms and conditions of the loan)Fixed rate at settlement automatically converts to Full Feature Home Loan
      Repayment Holiday If you've built up enough of a buffer on your home loan through making extra repayments you can take a temporary 'repayment holiday' until such time as you are no longer in front in your loan repaymentsYes
      Debit card10 & chequebook A debit card gives you access to the available redraw in your home loan via ATMs or Bank@PostNo
      Limited Genuine Savings Option Yes
      Value Advantage Package Eligibility Yes
      ATM11/EFTPOS & cheque access free transactions No

      N/A

      Statement frequency

      Every 3 months (monthly available)

      RAMS Risk fee Payable by Customer

       LVR >80% or >$1.5m
      LVR >70% and $1.5m<=$3.5m
      LVR >60% and >$3.5m

      Capitalisation of Risk Fee up to Lender's Mortgage Insurance (RAMS Risk Fee) can be added to the total loan amount up to the maximum loan to value ratio

      97%12

    • Application fee Fees charged to cover or partially cover the lender's costs of processing a loan approval for a home buyer$595
      Valuation fee

      First valuation is free!

      $150 for each additional valuation

      Account keeping fee$20 per month
      Discharge fee $295 per loan (plus legal costs)
      Loan settlement fee $275
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        Value Advantage Package

        Take out a RAMS Value Advantage Package and save $$$ each year

        Take out a RAMS Value Advantage Package, and save $$$ each year with a discount on your home loan interest rate. More details

      • icon

        Deposit Bond

        Arrange a deposit without touching your savings

        Obtaining a Deposit Bond through RAMS could help you secure your dream home by providing you with an alternative to finding a cash deposit before settlement. A Deposit Bond acts as a guarantee to the vendor, allowing the purchaser to pay the deposit amount (together with the balance of the purchase price) on the day of settlement (rather than funding a deposit up front/on exchange). In addition, a deposit bond could also save you the costs of obtaining bridging finance in order to pay your deposit. More details

      • icon

        Fast Track

        Buy your first home sooner and save on mortgage insurance

        The support of family is priceless and when they’re happy to act as guarantors on your property purchase, they could help you buy your home quicker than you thought and save you thousands in mortgage insurance. More details

      • icon

        Construction Option8

        Looking to build or renovate?

        For customers who intend to purchase land and build a new home, RAMS has developed a feature called 'RAMS Construction Option' which can be adopted on many RAMS full and low doc home loans. More details

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        Lifestyle Option

        Defer your home loan repayments for up to 6 months

        Life is full of challenges. Some are welcome and others are more of a surprise. Either way, you may need extra support to get through any such challenging times.

        RAMS Lifestyle Option allows you to defer repayments on your loan for up to 6 months – twice during the life of the loan. It’s our way of helping out. Conditions and fees apply so talk to a RAMS Home Loan Specialist to see how we can help.

        More details

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        Interest Only in Advance Option5

        A discounted rate & potential tax benefits

        Investors need flexible options to make tax-effective decisions. RAMS Interest Only In Advance Option allows property investors with fixed rate loan to prepay 12 months interest and receive a discount off the fixed interest rate.

        The Interest Only In Advance Option is available to property investors with a RAMS fixed rate home loan term of up to 5 years, and where interest-only repayments have been chosen.

        More details

    • Hypothetical scenario

      Couple Symbol

      Mary was looking to buy her first property, and money was tight. She found a nice studio apartment for $500,000 in the inner city and had a deposit of 20% and wanted to make paying off the property her main priority. She wanted to make extra payments and get ahead before interest rates rose, which concerned her.

      The RAMS solution

      Mary was surprised to find that RAMS Fixed Rate Home Loan had all the features she was looking for in a loan.

      A RAMS Fixed Rate Home Loan allows Mary to deposit up to $25,000 over her fixed rate period and draw on this money if she needs to. She is able to use direct salary credits and BPAY to make her repayments, which she decided to make weekly.

      Mary was surprised at how competitive the fixed rates were, with terms of 1, 2, 3, 4, 5 and 10 years she had a good range to choose from.

      After talking her situation through with her RAMS Home Loans Specialist, Mary decided to split her home loan between a fixed rate of three years and a variable rate, in case interest rates fell. She now had the security against rising rates without feeling stuck at the wrong rate.

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  • You might also consider...

    Fixed Rate Home Loan

    The easy way to fix your loan

    Interest rate
    p.a.
    5.95%
    A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan Comparison
    rate
    7.41%

    Full Feature Home Loan

    All you'll ever need in a home loan

    Interest rate
    p.a.
    7.28%
    A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan Comparison
    rate
    7.35%

    Low Rate Home Loan

    No fuss, no frills, low rate

    Interest rate
    p.a.
    6.55%
    A nominal interest rate incorporating certain fees and charges to help consumers identify and compare the true cost of a home loan Comparison
    rate
    6.86%

  • Why Choose RAMS?

    • Great rates
    • Award winning
    • Leading Australian Non-Bank lender
    • Real choice and better value

  • DISCLAIMER:

    New loans only. Fees, charges, conditions and limitations apply. Subject to RAMS normal lending criteria.

    Warning: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

    Disclaimer:

    1. Maximum 95% LVR on purchase price (or valuation if lower). If LVR>85%, evidence of 5% genuine savings required (excludes Limited Genuine Savings). Ability to cover transaction costs and funds to complete purchase, if any, required. Subject to loan serviceability. 2. If LVR >90%, applicant must hold 10% equity in other residential real estate or income earning investments and subject to loan serviceability. 3. Value Advantage Package available on selected loans for customer with total RAMS borrowings of $150,000 or more. Refer to the Value Advantage Package Brochure for Terms and Conditions. 4. 10 year IO option available for investment purposes only. 5. Interest Only in Advance: Option available for investment only, with a fixed rate interest term of up to 5 years, and where interest only repayments have been chosen.For selected discounts, refer to Lending Rates at a Glance. 6. BPAY® available for extra repayments only, not scheduled loan repayments. ® Registered to BPAY Pty Ltd ABN 69 079 137 518.7. Lock In Fee Rules: For a Single Drawdown Loan, Lock In is applicable for up to 90 days from the date the application is received by RAMS Origination. 8. First Drawdown must occur within 6 months of settlement with the loan totally drawn down within 12 months. 9. If your loan has been approved by RAMS without you providing Genuine Savings (Limited Genuine Savings) the maximum loan is $750,000 with restriction on converting to another home loan within the first 2 years. Fast Track and Interest Only In Advance Options unavailable. 10. Debit Card not available to Company Borrowers. 11. Free ATM Transactions relate to Westpac, St.George, Bankof Melbourne & BankSA branded ATMs only. Other Institutions may charge a fee for use of their ATMs, payable in addition to fee for transactions over free threshold. Direct charging fee payable to owner of ATM when you use a non Westpac, St.George, Bank of Melbourne & BankSA branded ATM. 12. Capitalisation of RAMS Risk fee is not available when Interest Only in Advance Option is chosen.