18 Months Fixed

An 18 month fixed rate home loan lets you lock in the rate offered for that period. 

Your loan repayments will then remain the same for 18 months from when this is processed by the bank. When the 18 month fix rate period ends, you can either choose the floating rate offered or another fix rate term.

Examples of when this fix rate term may suit your goals or needs

 This may suit those who feel fix rate terms of 6 or 12 months is too shorter term to be reviewing their home loans again.

 Another loan you have with the bank is coming off its fixed rate in 18 months and you want to re-negotiate or re-structure your loans as one.

This fix rate term, from my experience, is not overly popular with borrowers. However, it all depends on your own personal needs and goals. It must be said that once in a while a bank will come out with a very low 18 month fix rate which would then make it an attractive option.

18 MONTH FIXED RATES

Here you can compare the "advertised" home loan rates available against the banks listed below.

You will note I have used the term "advertised". That's because in most cases we can get the banks to offer lower rates and for new lending you may also qualify for cash too!

18 MONTH HOME LOAN FIX RATES

BANK...........................SPECIAL RATE*

ANZ................................................................3.85%

ASB................................................................4.09%

BNZ CLASSIC.................................................3.89%

THE CO-OPERATIVE BANK.............................3.89%

SBS BANK......................................................3.45%

WESTPAC BANK.............................................4.05%

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.

OTHER RATES