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Fixed Rate Classic Home Loan

Having a Fixed Rate Classic Home Loan is a great way to give you certainty. It takes the guesswork out of your repayments as they stay the same over the fixed rate period.

Key benefits


Ideal for first home buyers, owner occupiers and investors, this is a basic fixed term home loan with no frills. At the end of the fixed rate period, it reverts to variable rate RAMS Essential Home Loan.


Know what you’ll be repaying each month. Just set your fixed rate term, from 1–5 years or 10 years. (10 years not available to Owner Occupier Interest Only customers)


Make extra repayments (up to $30K over the fixed term) without break costs. to pay off your loan faster, or redraw repaid funds if you need to deal with life’s little curve balls!

Interest Rates

Interest Rates tab selected, 1 of 2
Application fee$595
Valuation feeFirst valuation is free!

$220 for each additional valuation
Account keeping fee$10 per month
Discharge fee$295 per loan account (plus legal and other associated costs incurred by us)
Loan settlement fee$285

Flexible features

Construction Option

Make progress payments for your new home build or renovation and pay interest on only your drawn down loan amount during the initial construction period.

More details on Construction Option

Interest only in advance

Investors can pay up to 12 months of interest upfront and receive an interest rate discount on your fixed rate loan. Great for investors.

More details on Interest only in advance

Homeowner scenario

Chris wants to join the first home buyers’ club by buying his first property in Australia. He’s found the perfect inner-city apartment in Melbourne for around $500,000.

Through careful money management, he’s managed to save a 20% deposit. At this point, he likes the idea his repayments are the same each month, that way if interest rates rise, his loan repayments won’t change during the period he’s fixed his home loan. So a fixed term home loan is what he’s thinking at the moment. Chris also wants some flexibility to make an extra repayment on his home loan if circumstances allow.

RAMS says…

A RAMS Fixed Rate Classic Home Loan has all the features Chris is looking for in a home loan, including a fixed interest rate (so he’ll know exactly what his monthly repayments will be) and a broad range of fixed term periods to choose from.

With the Fixed Rate Classic Home Loan, Chris can deposit up to $30,000 extra during the fixed rate period, with no break costs, but also have the ability to redraw this money if he needs to (minimum redraw amount of $1,000).

Other loan features, like direct salary credit and repayments via BPAY® will make managing the loan straightforward.

After having a chat with his local RAMS home loan specialist, Chris chooses a split loan option. His loan will be split between a home loan with a 2 year fixed rate period combined with a variable interest rate as part of his overall loan.

It’s a ‘best of both worlds’ scenario, as Chris now has security only in relation to the amount he has fixed and only for the fixed rate period.  He has the added ability to make additional repayments if he has a windfall.

Home loan calculators

Whether buying a new home, refinancing an existing home loan or investing in property, RAMS mortgage calculators can give you an estimate of what your repayments could be, based on your home loan amount, your loan type and the interest rate you think you'll be paying. Once you get an idea of your mortgage repayments from the calculator, together with the rest of your budget, you'll start to see whether you can realistically afford the home you want to buy. Your local RAMS franchisee can also help guide you through this process. View all of our calculators.

Speak to a home loan specialist

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Fixed Rate Home Loan (Packaged)

Get the fixed rate home loan as part of a package and take advantage of other features and benefits in the RAMS Value Advantage Package.

RAMS Essential Home Loan

A no-frills variable interest rate home loan, designed to get first home buyers started on a home-owning journey. A simple loan with a low variable rate, with the ability to redraw and make extra repayments.

Full Feature Home Loan

A variable rate home loan that gives you flexibility, with an offset account available, easy redraw, parental leave option and the potential to save with our Value Advantage Package#.

Compare all home loans

Take a look at all our home loans, fees and different features, then decide which one is right for you.

A RAMS Home Loan Specialist makes a difference

The right home loan for you

A RAMS home loan specialist will find the right home loan to suit you and your stage of life.

Smooth process

Our home loan specialists take the ‘hard’ out of the process for you. They’ll come to you, at a time and place that suits you and sort out approval in days, not weeks, wherever possible.

Personal service

You’ll have a dedicated home loan specialist from start to finish, so you’ll only have to tell your story once.  You’ll also have their mobile number, so whatever arises, you can get things sorted.


New loans only. Credit criteria, fees and charges apply.

^myRAMS is not available to Companies and Trusts and is subject to systems availability.

1 Maximum LVR on purchase price (or valuation if lower) of up to 95% for principal and interest (P&I) loans and interest only (IO) construction loans with an interest only period of 24 months. Maximum LVR on purchase price (or valuation if lower) of up to 80% for non construction interest only loans or construction loans with an interest only period greater than 24 months. Funds to cover transaction costs required. Lenders mortgage insurance applies when LVR is >80%. If LVR >85%, evidence of 5% genuine savings required. Maximum LVRs are inclusive of any capitalisation of LMI.  

2 Maximum LVR of up to 90% on purchase price (or valuation if lower) for loans with principal and interest (P&I) repayments. Maximum LVR of up to 80% on purchase price (or valuation if lower) for loans with interest only (IO) repayments and all construction loans. Funds to cover transaction costs required.

3 10 year IO option available for investment purposes only.

4 ®Registered to BPAY Pty Ltd ABN 69 079 137 518.

5 Lock In Fee Rules: For a Single Drawdown Loan, Lock In is applicable for a period of 90 days from the date the application is received by RAMS Origination.

6 Debit card not available to company borrowers.

7 Switch to interest only repayments is not permitted in the first 12 months of the loan.

8 Value Advantage Package available on selected loans for customer with total RAMS eligible borrowings of $150,000 or more. Refer to the Value Advantage Package Brochure for Terms and Conditions.

9 Some institutions may charge a fee for use of their ATMs.

10 The RAMS Risk Fee is charged because of the increased risk to us due to the high LVR. Whether a Lender's Mortgage Insurance premium or a RAMS Risk Fee is payable will depend on the individual application.

11 5% deposit and funds to cover transaction costs is also required. Not available on some property types or locations and other conditions apply.

12 Not available for the purpose of owner occupied refinance, debt consolidation or equity release.