1 Year Fixed Home Loan

Opening the Doors to Lending Possibilities

1 Year Fixed Rate Home Loans gives you a constant interest rate for the first year of your mortgage. It gives you more control over your money in the long run. Interested? Talk to an Intellichoice Loan Specialist today.

Repaying a mortgage can be challenging especially during the first years of the loan. Fluctuating interest rates may make it even more difficult. To avoid this, fixing your interest rate for the first year of your mortgage might be the key. Know your options and weigh which home loan feature works well for you. Talk to our loan specialists here in Intellichoice for expert advice.


Interested in getting a loan? Fast online quotes available here!

Do you want to fix your interest rate?

1 Year Fixed Home Loans. Do you want to transfer your interest rate to a variable from fixed? It’s a great time to secure a low rate on a fixed rate home loan because interest rates are at a notable low. You can have many benefits from fixing your lower interest rate. A fixed rate gives you repayment stability and simplifies your loan.

Which Lenders have the lowest 1 year fixed home loans rates?

If you are ready to change to a fixed rate, getting the best rate for you depends on finding the right lender with competitive pricing and the most suitable fixed rate loan features. Many banks will give you great discounts if you chose to change to a fixed rate home loan. This can save you thousands! You can take advantage of low-interest home loan rates today by calling us on 1300 55 10 45 or enquiring online. We’ll help you to find the most competitive pricing.

Should you fix for one year or more?

Deciding how long to fix your interest rate is a hard decision. A lot of people are worried about committing longer than a year. If rates go down significantly in the future, they don’t want to be stuck with a high-interest rate paying more than they have to.

What reasons are there for fixing for longer?

Fixed home loans, especially with a range starting from 3 or 5 years can save you a lot of interest! The pricing is more economical for longer fixed terms because you can get a better interest rate if you fix for longer.

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Should you fix your rate?

Many people stay with a variable rate because they think that rates are going to come down.

While, others who are worried about the effect of rising interest rates and want a more certain idea of their future payments choose to fix.

You may be uncertain what to do… But if you fix for just one year you can take advantage of discounts and low interest rates!

What you need to consider

Before fixing your interest rate you should consider whether it will be a good option for you.

There is continuing speculation that the RBA will decrease interest rates. Although, major banks don’t even know whether the RBA will cut rates and if rates are cut there is no guarantee that the major banks will follow.

Business costs are rising and a number of major lenders are raising their standard variable rates independent of the RBA.

We can help you fix a low rate, saving you on your loan and giving you more stability.

When is the right time to fix it?

It is best to fix your rate when market rates are coming down and lenders are pricing competitively.

Following the RBA and financial commentary can help you in deciding the best time to fix your loan.

Call us on 1300 55 10 45 or contact us online today and we’ll help you fix your interest rate if it is the right choice for you.

What are the features of a 1 year fixed loan?

The lender you apply with determines the features of your loan. The major banks typically offer:

  • Flexible loan terms, from 10-30 years.
  • Additional repayments without fees.
  • Repayment flexibility.
  • Some banks will allow redraws, free of charge.

Are there fees?

Most banks charge standard loan establishment and application fees. You may also incur charges if you make additional repayments during that fixed 12 month period.

Note: This varies from lender to lender.

There are no exit fees although you may be charged a break fee if you:

  • Break out of the fixed rate contract before the term ends
  • Discharge your debt
  • Already have a mortgage and want to change to a better fixed rate package

What are benefits of one year fixed rate?

You may see many benefits such as, clear fixed repayments when interest rates increase. It is also easier to budget because of set repayments. Some lenders offer decreased introductory rates and the money you save can be used for other expenses.

What are the drawbacks of a one year fixed rate loan?

In times of falling interest rates, you are held in a higher fixed interest rate. If you want to change back to a variable rate you may have to pay a break fee.

You can fix your interest for one year now!

If you want to make the transfer from variable to fixed interest rates then call us on 1300 55 10 45 or contact us online. You can talk to one of our mortgage brokers and discuss your situation.

You can have peace of mind, financial stability because your repayments are constant, despite changing market rates.

CALL US - 1300 55 10 45

Contact one of our experts today and arrange your fixed rate interest loan!

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Our team of experts spends the time to find out about you and your circumstances. We will determine the best options for you based on your earnings, any debts you might still have and your current needs and objectives.

Videos for 1 Year Fixed Home Loan

You should seek pre approval before entering into a 1 Year Fixed Home Loan arrangement. The reason is simple, building is a complex excerise requiring good co ordination and technical skills.

Articles for 1 Year Fixed Home Loan

Lenders are aware of the complexity builders face, and the possibility of costs over runs. This comes primarily from in-experience with managing this type of project. Hence most lenders are not generous when it comes to lending at high LVR’s on a 1 Year Fixed Home Loan.

Frequently asked questions

Why utilize or use a 1 Year Fixed Home Loan expert?

How does 1 Year Fixed Home Loan work?

In case you’re endorsed for an owner-builder loan, the loan specialist will discharge the assets to you as advance installments as opposed to in a singular amount as it would with a standard mortgage/ loan. As you finish each phase of development, a valuer will evaluate the work and after that approve the loan specialist to give next advance installment

How to maximize your chances of being approved?

It is safe to look for pre-approval before entering a 1 Year Fixed Home Loan arrangement. Pre-approval will give you a thought of what your maximum loan will be, which can enable you to decide whether or not its the correct choice for you.

How much can I borrow?

How to apply for 1 Year Fixed Home Loan?

We’ll ask for certain documents for owner builder loans to be approved. These are the following: Builder’s permit, budget and its proposed breakdown, project plan, copy of your builder’s insurance, and a clear construction cost estimate.

What is Bad Credit?

When you’ve got a bad credit history you’re typically not qualified for a loan from a bank or traditional credit lender. However, there are loan options available. You’ll simply need to show that you can repay the loan by providing evidence of a regular income, whether that’s through employment or Centrelink. If you’re unemployed and require a loan.

How can I get approved for a loan if I have bad credit?

Fortunately, there are lenders out there who look beyond your credit file. These bad credit loan lenders will take into account income, equity and other things that will enable you to acquire an advance.

How do I get a home loan with bad credit?

One of the fundamental factors that will decide whether you will be accepted will be your income and the nature of your bad credit. Typically, if your bad credit was triggered by a life event then lenders tend to be more understanding. However, if you were aware of your bad credit but continually and knowingly made it worse, then lenders may be more skeptical. Regardless, researching your options, attempting to fix up your credit and choosing an expert loan specialist to run with should enable you to get back on track.

Our mortgage broking is second to none. Don’t waste your time and money running around from bank to bank, sifting through ambiguous loan offers only to find they don’t work. Take advantage of our expertise and let us find the right loan or finance to suit YOUR needs.