Fixed Rate Home Loans

With a Fixed Rate Home Loan you can choose to fix the interest rate for a set period, usually between one and five years. After this, a new fixed rate can be agreed upon, or the loan can revert to the lender’s Standard Variable rate.

Having a fixed-rate loan can be wonderful for a borrower if interest rates go up. They also allow you to manage your loan repayments so you can budget for other financial priorities in your life. Fixed rate loans only allow limited additional repayments without penalty. Once the fixed term of your loan ends, you can choose another fixed rate or convert to the Standard Variable Home Loan rate.

Fixed Rate ‘Lock In'

The fixed rate may vary between the time of application and draw-down, which can be up to a few weeks or even months. As with all fixed rates, the rate applicable to your loan will be the current rate at the time of draw-down. Hence this option lets you lock your interest rate into the rate at the time of the loan approval, or within 90 days of approval to protect yourself against an upward rate movement.

Fixed Rate Home Loans

Fixed Rate ‘Lock In'

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