• Fixed rate home loan (Packaged) 

    If you are looking for a packaged home loan with additional extras, the RAMS Fixed Rate Home Loan can form as part of the fixed portion of your loan should you wish to split your loan between fixed and variable rates. 

    By being a fixed rate home loan, you can benefit from inbuilt protection against rate changes during the fixed interest rate period as well as having the ability to make additional repayments up to $30,000 during the fixed term period.

  • Three reasons to choose this loan


    Wide range of fixed rate periods: 1-5 years and 10 years


    Deposit up to an additional $30,000 during the fixed rate period 


    Redraw any additional repayments ($1,000 minimum, conditions and fees apply)

    • Interest rates - owner occupier (principal and interest)


      Interest rate p.a.

      rate* p.a.

      1 Yr


      2 Yr


      3 Yr


      4 Yr


      5 Yr


      10 Yr


      Interest rates - investor (principal and interest)


      Interest rate p.a.

      rate* p.a.

      1 Yr


      2 Yr


      3 Yr


      4 Yr


      5 Yr


      10 Yr

    • *Please note: The comparison rate for the relevant product is based on a loan of $150,000 over a term of 25 years. 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. 

      We will apply the fixed rate that is available at the loan settlement date or the date the fixed rate period commences, unless the customer locks a fixed rate in on the loan using our Fixed Rate Lock-in feature (conditions apply). The Fixed Rate Lock-in fee is 0.15% of the fixed loan amount. At the end of the fixed rate period the interest rate will convert to the applicable variable home loan rate.

      Fixed rate loans have a limited prepayment threshold.  If you want to make repayments greater than the maximum amount specified by RAMS or you break the fixed rate period, you may be required to pay break costs, which can be considerable.  If interest rates drop while your interest rate is fixed, you will not receive the benefit of the reduced rate.


    • Minimum loan size


      Maximum loan size

      No maximum

      Owner Occupier Max LVR

      95%1 Principal and interest loan
      95%1 Construction loan with an interest only period of 24 months
      80%1 Interest only loan or construction loan with an interest only period greater than 24 months


      Investor Max LVR

      90% loans with principal and interest repayments2.

      90% loans with interest only repayments and all construction loans2



      $10 per redraw

      Loan Splitting



      Minimum $15,000

      Interest Only payments


      Yes - At Origination

      Yes - Post Settlement7 (not during initial fixed rate period). Fee - $295

      1 to 5 years and 10 year option3,12

      Interest Capitalisation


      Weekly/Fortnightly/Monthly Payments

      Weekly: Yes
      Fortnightly: Yes
      Monthly: Yes

      Extra payments

      Up to a total of $30,000 during the fixed rate period

      Deposit methods

      Direct debit, Salary Credit, BPAY®4 and myRAMS^

      Loan fixing

      Yes- at Origination
      No- Post settlement
      Fixed Rate Lock-In Fee5: 0.15% of the credit limit available at application

      Loan switching

      Fixed rate at settlement automatically converts to Full Feature Home Loan

      Repayment Holiday


      Debit card & chequebook


      Value Advantage Package Eligibility


      ATM/EFTPOS & cheque access free transactions


      Statement frequency

      Every 6 months

      Lenders Mortgage Insurance (LMI) premium payable by Customer

      When LVR is over 80%10

      Capitalisation of LMI premium up to

      95% if principal and interest loan and security property is owner occupied11

      95% where construction option is used with an interest only period of 12 months and security property is owner occupied11



      ^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 12 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 12 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 capitalised 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 Not applicable on this product. 

      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 Not applicable on this product. 

      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 are also required. Not available on some property types, loan purposes or locations and other conditions apply.   

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

      Value Advantage Package Conditions apply and are available at rams.com.au. Available for customers with total RAMS borrowings of $150,000 or more. No discounts apply where total customer borrowings is less than $150,000, and no interest rate discounts apply to an eligible loan while the interest rate is fixed. Total Customer Borrowings is calculated as the total credit limit for each existing RAMS home loan and any new RAMS home loan being applied for, however the discount only applies to the new eligible loan. There is no limit on the number of new eligible variable rate loans within a RAMS Value Advantage Package that can receive an interest rate discount. Annual fee, currently $375, applies. Unless we tell you otherwise, Package benefits cannot be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts.


    • 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!

      $220 for each additional valuation

      Account keeping fee$20 per month ($0 under a Value Advantage Package)
      Discharge fee $295 per loan account (plus legal and other associated costs incurred by us)
      Loan settlement fee $285

      • 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

      • 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

      • You could 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

      • 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

      • 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 a 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 period of up to 5 years, and where interest-only repayments have been chosen.

        More details

    • Mary was looking to buy her first property, and she found the perfect inner city apartment for around $500,000.

      Over the years she managed to save a 20% deposit. And with interest rates in a low phase of the cycle, she wanted the certainty and security of knowing what her repayments would be during the fixed interest rate period, but also have the flexibility to make some extra payments if she could afford to.

      RAMS says …

      Mary was surprised to find that a RAMS Fixed Rate home loan had all the features she was looking for in a home loan including a fixed interest rate and a broad range of periods to choose from.

      It also allowed her to deposit up to $30,000 extra during the fixed rate period; then draw on this money if she needed to. 

      Other loan features like direct salary credit and repayments via BPAY® made managing the loan straight-forward.

      So after talking her situation through with a RAMS home loan specialist, Mary decided to split the loan between a fixed rate for 3 years and a variable rate.

      It’s a ‘best of both worlds’ scenario as she now had security against rising rates without feeling stuck if rates shifted down, with the ability to make additional repayments.