Home loan interest rates


A Sovereign Go Home Loan offers a wide range of competitive mortgage interest rates.  For our latest home loan rates, see below:
Special rates
Term Rate
​Fixed 6 months special rate ​4.49% p.a.
Fixed 12 months special rate​ 3.85% p.a.​
​Fixed 18 months special rate ​3.89% p.a.
Fixed 24 months​ special rate 3.79% p.a.​
Fixed 36 months special rate 4.05% p.a.
​Fixed 48 months special rate 4.35% p.a.
​Fixed 60 months special rate ​4.45% p.a.

Lending criteria and terms and conditions apply.  A minimum 20% equity or an LVR of 80% or less in the security property applies.  Early repayment adjustments may apply.

Sovereign Home Loan Interest Rates
Term Rate
Variable Rate Loan 5.30 % p.a.
Fixed 6 months 4.39 % p.a.
Fixed 12 months 3.89 % p.a.
Fixed 18 months 4.25 % p.a.
Fixed 24 months 4.05 % p.a.
Fixed 36 months 4.39 % p.a.
Fixed 48 months 4.69 % p.a.
Fixed 60 months 4.79 % p.a.
As at: 27 January 2020

Low Equity Margin (LEM)

Low Equity Margin (LEM) is an interest margin that applies when you borrow more than 80% of your property’s value. The actual LEM charged depends on the Loan-to-Value Ratio (LVR) which is calculated as total borrowings divided by the total value of the security property. The LEM for each LVR band is set out in the table below.

Further details are available on our website, or by calling 0800 500 174.

Loan to value ratio
80.01 - 85.00%  0.30% p.a.
85.01 - 90.00%  0.75% p.a.
90.01 - 95.00%  1.30% p.a.
> 95.01%  1.5% p.a.

At any time six months after the date of initial drawdown you may request a reduction or removal, as the case may be, of the Low Equity Margin applicable to a facility. We can choose whether or not to approve your request. We will determine such request on the basis of your applicable LVR at the date of such request. To make such determination we may require you to provide us with a current registered valuation of the relevant property or properties at your expense.

We will periodically review your Low Equity Margin against your LVR to ensure it is still applicable to your Facility. We may change your Low Equity Margin to a lower margin in accordance with our Low Equity Margin Bands or remove the Low Equity Margin entirely if it no longer applies based on your LVR.

We will notify you in writing of any change to, or removal of, your Low Equity Margin as the case may be.

Default interest rate

Description Rate
If at any time the amount owing under your home loan exceeds the agreed account limit. The interest will be calculated daily on the amount in excess of the agreed limit or  agreed reducing facility limit, at the facility's applicable interest rate plus 5.00% p.a. until paid in full and will be charged on the normal instalment due date. Facility interest rate plus 5.00% p.a.

Please note:Lending criteria, terms and fees apply.  Fixed-rate loans that have already been documented will be advanced at the documented interest rates for up to 60 days from the date the loan was documented.  An Adviser application fee, low equity margin and early repayment adjustment fee may also apply. Sovereign reserves the right to review the terms of this offer at its sole discretion. Interest rates are subject to change at any time without notice. However, once you draw down a home loan on a fixed interest rate, the rate will not change during the term you have selected.

Fees, limits and charges

Please refer to the Fees and Limits Guide for a full list of the fees, charges and transaction limits that apply.  Fees are subject to change at any time.

Let us help you pay off your home loan faster

Disclaimer: The information contained on this site is of a general nature and is intended as a guide only, outlining some of the features and benefits provided by Sovereign's Go Home Loans. All home loans are subject to our home loan lending criteria. Early repayment adjustments may apply.  For loans with less than 20% equity a Low Equity Margin may apply. The lender is ASB Bank Limited via its nominee Mortgage Holding Trust Company Limited. The transactional account for Sovereign’s Go Home Loans is provided by ASB Bank Limited.

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The information contained on this website is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any investment, insurance or financial planning decision; you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.​