Is your fixed rate expiring soon?

Yes, you can! Read more about our options for refinancing here.

There are reasons why some borrowers prefer to fix their loans again. It may be because they are concerned that rates will continue to rise. The other reason is that some people like the security of knowing what their repayment will be for the next 1, 2 or even 5 years depending on the term they fix their loan for.

If you choose to go with the Variable Rate, you still have the option to fix your loan for timeframes between 1-5 years at any time.

Yes, you can.

With a variable rate loan, you can make extra repayments either as an increase to regular repayments or as a lump sum payment at any time.

With a fixed rate loan, you can pay up to $25,000 p.a. on each fixed rate loan without fee or penalty. Additional repayments over $25,000 per year to a fixed rate term will result in a break cost being payable.

If you decide to revert to an eligible variable rate home loan, you may consider linking a Mortgage Offset Account. The Mortgage Offset Account can be used as a full transaction or savings account. The balance in this account is offset against your loan balance, reducing the interest payable on that loan and helping you save interest and pay off your loan sooner.

Yes, you can! Talk to your Relationship Consultant or call us on 13 25 85 about splitting your loan between Variable and Fixed portions.

Variable Rate Loans: You can change at any time without break costs. Other fees such as a Discharge Fee may be applicable.

Fixed Rate Loans: You may have a break cost fee, which can be calculated upon request.

We do offer interest only options, but this is generally for investment loans only. Switching to interest only also requires a new credit assessment by our team to determine suitability. If you would like to explore this option for an investment property, we're here to help.

Possibly! Depending on your circumstances, you may be able to combine your liabilities. Talk to your Relationship Consultant about your options or give us a call on 13 25 85.

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.