60 Months Fixed
A 60-month fixed rate home loan is one of the longest fix rate terms offered by leading banks. Such a loan term means that your loan repayments will stay the same for 60 months, or five years.
Once your fixed term rate expires, you can opt for a floating rate or talk to a mortgage broker about other competitive fixed-term rates available.
When a 60-month fix rate term may suit your goals or needs
• You prefer the convenience and safety of a long-term repayment rate that stays the same.
• You are not interested in reviewing or re-fixing a short-term rate.
• You are fixing a long-term rate based on its competitive special or standard home loan rate.
• You are a property investor who prefers long-term rates that don’t need to be reviewed often. Once again, this fixed-rate option would be dependent on the rate.
60 MONTH FIXED RATES
Read below to compare the "advertised" home loan rates available from the banks listed below.
You will note that we have used the term "advertised". That's because, often, we can get the banks to offer lower rates. For new lending, you may also qualify for cash too!
60 MONTH HOME LOAN FIX RATES |
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BANK...........................SPECIAL RATE* ANZ......................................................................% ASB................................................................5.19% BNZ CLASSIC.................................................4.79% THE CO-OPERATIVE BANK.............................4.85% SBS BANK......................................................4.49% WESTPAC BANK.............................................4.95% |
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Last updated Friday 19 November 2021, 9.46am
*Special Rates come with terms and conditions. e.g available for owner occupied home loans with at least 20% equity/ deposit and in some cases apply to First Home Loan customers with up to 5% deposit.
Disclaimer
Every possible effort has been made to keep the information in this table as accurate as possible. However, neither the publishers of Mortgage Field nor anyone engaged to compile this table accept any liability for inaccuracies or any loss suffered as a result.
It is strongly advised that readers check loan details with the respective banks.
The examples shown above are only a guide and so we strongly recommend you contact us to ensure that this rate is fit for purpose.