Standard Fixed Home Loan
Firstmac’s Standard Fixed Home Loan provides certainty with fixed rate options ranging from 1 to 5 years. Borrow up to $2,000,000 (up to 90% LVR) and make additional repayments of up to $10,000 per year, with principal and interest or interest only repayment options and no ongoing fees.
- From (owner occupied)
- 6.79%
- 6.72% comparison
Interest Rates
Owner occupied — Principal & interest
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Fixed · 1 year | 6.79% | 6.72% | Loan-to-Value Ratio (LVR) |
| Fixed · 2 years | 6.89% | 6.75% | Loan-to-Value Ratio (LVR) |
| Fixed · 3 years | 6.99% | 6.8% | Loan-to-Value Ratio (LVR) |
| Fixed · 4 years | 7.29% | 6.94% | Loan-to-Value Ratio (LVR) |
| Fixed · 5 years | 7.39% | 7.06% | Loan-to-Value Ratio (LVR) |
Owner occupied — Interest only
Fees
| Fee | Type | Amount |
|---|---|---|
| Rate Lock Fee Fixed Rate Lock Fee allows borrowers to lock in the fixed rate for 90 days, protecting against potential rate increases until settlement; compulsory for 5-year fixed terms and optional for other fixed terms. | Upfront | $350.00 |
| Break Cost Administration Fee Fixed Break Cost Administration Fee charged when a borrower breaks their fixed rate period, covering the administration of processing the break request, charged in addition to the Fixed Rate Break Cost. | Event | $150.00 |
| Application Fee No application fee is charged when setting up the loan. | Upfront | $0.00 |
| Valuation Fee A variable fee charged at cost to assess the value of the property used as security for the loan, starting from a minimum amount. | Event | From $221.00 |
| Documentation Fee A fee charged for preparing and processing the loan documentation required for settlement. | Event | $300.00 |
| Discharge Administration Fee A fee applied when releasing our mortgage to cover administrative processing of the discharge request. Waived if loan runs to term. |
Features
- Extra repayments
- Allows borrowers to make additional repayments on the loan to reduce interest and pay off the loan faster. Limited to a maximum of $10,000 per year during the fixed term.
Eligibility
- Residency status — Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia.
- Minimum age — 18 yearsApplicants must be at least 18 years old to apply for this loan.
Constraints
- Minimum limit — $50,000.00The minimum application amount that can be borrowed is $50,000.
- Maximum limit — $2,000,000.00The maximum application amount available under this product is $2,000,000.
- The loan term must be at least 15 years. — P15Y
- The loan term cannot exceed 30 years. — P30Y
Published by Firstmac under the Consumer Data Right · Last updated 1 July 2026 · Product ID fmc-standard-fixed