Fixed Rate Home Loans
You can choose fixed rates for periods of 1, 2,3,4,5, 7 or 10 years. They 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 Housing Rate.
Fixed Rate ‘Lock In’
The fixed rate may vary between the time of application and drawdown. As with all fixed rates the rate applicable to your loan will be the current rate at the time of drawdown. Hence this option lets you lock in your interest rate to the rate at the time of the loan approval, or within 90 days of approval to protect yourself against an adverse rate movement.
Contact Us for more information and to discuss the most suitable loan for your unique situation.