Home Loan rate options

Current Home Loan Rates

Special rate available for loans relating to residential properties only. Additional interest rate margins may apply for bridging loans and buyers with less than 20% deposit (including Welcome Home loans). All interest rates are subject to change without notification. TSB’s current account opening criteria, current lending criteria, terms and conditions, fees and interest rates apply.
Term Special Standard
6 months 4.85% p.a. 5.35% p.a.
1 year 3.95% p.a. 4.45% p.a.
18 months 3.99% p.a. 4.49% p.a.
2 years 3.85% p.a. 4.35% p.a.
3 years 4.05% p.a. 4.55% p.a.
4 years 4.45% p.a. 4.95% p.a.
5 years 4.55% p.a. 5.05% p.a
Housing variable - 5.69 % p.a.

price match

Fixed – Your interest rate won’t change or be affected by the market

With a fixed rate your interest is fixed from the start, and stays the same for the time you choose – from 6 months to 5 years. This option makes budgeting easy, since your repayments will stay the same over the time you’ve chosen. Plus, you’ll be able to make extra payments up to $10,000.00 per calendar year. If you’re looking to take out new lending with us, we can hold a fixed rate for you for up to 60 days once your loan is contracted. If your rate is up for renewal, you can easily re-fix through Online Banking1.

Floating/Variable – Your interest rate will move with the market

A floating or variable interest rate moves with the market, decreasing your repayments when interest rates are low, and increasing them when the market rates are higher. If you’re looking to pay off your home loan faster, a floating/variable rate allows you the flexibility to increase your repayments, or make extra payments without any penalties.

Combine Fixed and Floating/Variable for the best of both worlds

Want the certainty of a fixed rate with the flexibility of a floating/variable rate? Talk to us about a combination of both. You can decide what portion of your loan is fixed and floating/variable, allowing you the flexibility to reach your goals faster.

Things you need to know
  • If you’re unable to make your regular payments and are facing unforeseen hardship, there are options available to assist you through difficult times.
  • Let us know straightaway if you move.
  • If you break a fixed rate term early, or pay more than $10,000 per calendar year, you may need to pay break costs1. Learn more