Fixed Rate Home Loan
2 years fixed from
Fixed rate
Comparison rate*
Why choose a Fixed Rate Home Loan?
Choice of term
Fix your rate for up to five years, and know what your repayments will be.
Make extra repayments
Make up to $25,000 in extra repayments during the fixed period, fee-free.
Low fixed rate
Great value with our competitive fixed interest rates.
No ongoing fees
No ongoing monthly loan maintenance fees.
The home loan features don't stop there
- Competitive fixed interest rate.
- No ongoing monthly or annual fees.
- Borrow up to 95% of the property value.^
- Choose to repay weekly, fortnightly, or monthly.
- Make up to $25,000 in extra payments without penalty, so you can own your home sooner.
Rates and fees
The basics
| Loan purpose | Owner occupier |
| Minimum loan amount | $20,000 |
| Maximum loan term | 30 years |
| Interest only option available | Yes |
Interest rates
| Loan term | Repayments | Fixed rate |
Comparison rate*
|
|---|---|---|---|
| 1 year | P&I | 5.69% p.a. | 5.75% p.a. |
| 2 years | P&I | 5.49% p.a. | 5.77% p.a. |
| 3 years | P&I | 5.59% p.a. | 5.75% p.a. |
| 4 years | P&I | 6.49% p.a. | 6.04% p.a. |
| 5 years | P&I | 6.49% p.a. | 6.09% p.a. |
You can find rates for the interest only option of the Fixed Rate Home Loan on our home loan interest rates page.
| Fee type | |
|---|---|
| Monthly fee | $0.00 |
| Annual fee | $0.00 |
| Rate lock-in fee | $650.00 |
| Document preparation fee | $300.00 |
| Switch fee (from other BCU Bank loan) | $300.00 |
| A break cost fee may apply if the Fixed Rate Home Loan is paid out any time prior to the fixed rate period ending. | |
Other fees & charges that apply to all of our accounts can be found on our fees and charges page.
How much could you borrow?
Use our handy home loan borrowing power calculator to get an idea of much you could potentially borrow. We’ll just need the basics about what you earn, spend, and owe, and we’ll figure out the rest.
Home loan borrowing power calculator
More calculators
Ready to apply for a home loan?
It’s easy to get started with a BCU Bank home loan. Choose the way that suits you:
- In your nearest branch – remember to bring all your ID and supporting documents with you.
- Over the phone – call us on 1300 228 228 and one of our friendly consultants will help you with your home loan application.
- At home or at work – our mobile lending team can meet at a time and place that suits you, or we can set up a video call.
A little preparation can make your home loan application quicker and easier. Make sure you have the following ready:
- Identity documents
- primary photo ID (e.g. passport or driver licence), or
- primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. utility bill with your name and address on it).
- Employment details – contact details of your current and previous employer (if current is less than two years).
- Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
- Regular expenses – such as rent, food, electricity, insurance, telcos, and medical costs.
- Assets – a rundown of any assets that you own (any cars, savings accounts, home contents, properties, investments).
- Liabilities – the details of any loans, credit cards, buy now pay later, or other debts you have.
Got everything ready? Book an appointment with one of our home loan specialists today.
Request an appointmentIt’s easy to get started with a BCU Bank home loan. Choose the way that suits you:
- In your nearest branch – remember to bring all your ID and supporting documents with you.
- Over the phone – call us on 1300 228 228 and one of our friendly consultants will help you with your home loan application.
- At home or at work – our mobile lending team can meet at a time and place that suits you, or we can set up a video call.
A little preparation can make your home loan application quicker and easier. Make sure you have the following ready:
- Identity documents
- primary photo ID (e.g. passport or driver licence), or
- primary ID without a photo (e.g. birth certificate or citizenship certificate) and a secondary ID (e.g. utility bill with your name and address on it).
- Employment details – contact details of your current and previous employer (if current is less than two years).
- Income details – payslips or, if you're self-employed, tax assessments for the last two years, and financial statements.
- Regular expenses – such as rent, food, electricity, insurance, telcos, and medical costs.
- Assets – a rundown of any assets that you own (any cars, savings accounts, home contents, properties, investments).
- Liabilities – the details of any loans, credit cards, buy now pay later, or other debts you have.
Got everything ready? Book an appointment with one of our home loan specialists today.
Request an appointmentBecause we're here to help
We'll call you
Drop us your details and one of our home loan specialists will be in touch.
Talk to the team
Got a question? Call us on 1300 228 228, pop into your local branch, or chat to us online.
We’ll come to you
We know your time is precious, so our home lenders will come to you on your terms.
Got a question about home loans?
We'll notify you 45 days before your fixed term ends to advise when your fixed loan will be expiring, what product it will change to, the new interest rate and the new repayment required.
Alternatively, you can contact us at any time on 1300 228 228 to confirm when your fixed loan is due to expire.
Your fixed rate home loan will automatically 'roll-over' to a standard variable rate home loan upon maturity. We'll notify you of this in advance.
If you wish to explore other home loan products or your options at the of your fixed rate loan, please call us on 1300 228 228 to speak with one of our home loan specialists.
You may wish to either partially or fully repay your fixed rate loan before the end of your fixed rate period, or switch to a different loan or repayment type. If you do so, you may need to pay a fixed rate adjustment cost or break cost.
If you'd like a break cost estimate, please call us on 1300 228 228 and speak with one of our experienced home loan specialists.
When you split your home loan you can divide your debt into multiple loans (e.g. a fixed rate loan and a variable rate loan). This may help you to reduce the impact of interest rate fluctuations while retaining the features and benefits you want.
For example, a fixed rate loan gives you the confidence of knowing how much your repayments will be and protects you against rate rises. In comparison, a standard variable rate loan allows you to make extra repayments and gives you the flexibility to redraw them at any time, providing you meet the relevant requirements to do so.
If you'd like to speak to a home loan specialist to see if a split home loan can benefit you, please contact 1300 228 228 or book an appointment online.
Important information
Banking and Credit products issued by Police & Nurses Limited (BCU Bank).
Any information on this website is general in nature and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms and conditions, fees and charges apply.
Please consider the terms and conditions and whether a product is right for you.
- View terms and conditions
- View fees and charges
- View Credit Guide
- Create a Home Loan Key Fact Sheet
- View LMI Information Fact Sheet
- View Target Market Determinations (TMDs)
*Comparison rate calculated on a loan amount of $150,000 over a term of 25 years based on monthly repayments. For variable Interest Only loans, comparison rates are based on an initial 3 year Interest Only period. For fixed Interest Only loans, comparison rates are based on an initial Interest Only period equal in length to the fixed period. 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.
WARNING: This comparison rate applies 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.
^If you are borrowing more than 80% of the property’s value (Loan to Value Ratio), Lenders Mortgage Insurance (LMI) may be required. Borrowing up to 95% includes LMI costs.