Fixing a loan is a personal decision. You'll need to consider your financial position and your plans and goals over the next few years.
Some people like the consistency of knowing what their repayments are over a period, so a fixed loan is ideal for them. However, if your situation changes you may be required to pay break costs if you need to break your loan, which is less than ideal. You should also consider that with a fixed loan, you can only make $25,000 in additional repayments per year.
Ultimately the decision to fix a loan is up to you. Talk to your Relationship Consultant or give us a call on 13 25 85 and we can help you navigate your options.
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