Interest Rate Types
Is a fixed rate, a variable rate, or a combination of both interest rates best for me?
You should consider your personal needs and circumstances when deciding which of the interest rate types is most suitable for you:
- Your need for security - knowing your payments will not increase to a level you cannot afford
- Your need for certainty - knowing in advance what the rate will be so you can budget accurately
- Your need for flexibility - being able to pay off the loan faster without penalty, and being able to draw down the loan progressively
- Your personal view - how you see the interest rate trends developing in the future
Both fixed and variable rates are available on Standard, Tailored, and GlobalPlus home loan types. Only variable rates are available on Personal Loans and Rapid Repay, Mortgage One home loan types.
Find out more about:
Fixed Interest Rates
Variable Interest Rates
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