Fixed interest rates of non-major bank RAMS Financial have declined, including its one, two, three, four, five and 10-year fixed term loans.

The lender’s official website stated current discounts are 0.10% p.a. off one, two, three, four and five years, while interest is paid annually in advance.

Moreover, it said that the comparison rates provided for each of the home loan products were based on a secured loan of $150,000 over a term of 25 years.
Fixed rate home loan   1-year 2-year 3-year 4-year 5-year 10-year
Interest rate 4.75% 4.79% 4.89% 5.19% 5.19% 6.36%
Comparison rate 5.82% 5.74% 5.70% 5.75% 5.71% 6.48%
Self-Employed Low Doc Fixed Rate Home Loan Interest rate 5.05% 5.09% 5.19% 5.49% 5.49% 6.69%
Comparison rate 6.23% 6.15% 6.09% 6.13% 6.09% 6.80%

It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan