Sometimes you just want a bit of certainty in life. That’s what you get with a fixed rate home loan – the confidence of knowing exactly what your interest rates will be and how much your regular repayments during your fixed term will be.
Benefits at a glance
Interest rates are subject to change.
Your interest rate will stay the same during the term that you choose.
If interest rates rise during the term of your fixed loan, you won’t be affected. However, if it falls, you won’t be able to take advantage of lower rates.
Budget with certainty, as you’ll know what your repayments will be.
Some flexibility – you can make extra payments each year that's up to a total of 5% of what your loan amount is when the term of your fixed loan starts.