When you apply for your home loan, one of your key decisions is to choose a fixed interest rate, a variable interest rate, or a combination of both. Throughout the life of your home loan, you’ll have the opportunity to switch between a fixed or variable interest rate, or to switch to a split rate home loan.
Each type of loan offers benefits, so you’ll need to choose what suits your individual situation and your outlook on interest rate movements. We’ll help you with a home loan switch when you decide you’re ready to make a change.
The information on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 13 76.
1 Rate lock requests are subject to our approval. Fees apply.
2 Redraw requests are subject to our approval. Fees apply. For fixed interest rate loan redraws only available for loans fixed after 30 November 2009 (up to a maximum of $10,000 or break costs may be payable).
3 Where a fixed rate term applies, after the fixed rate period expires, the interest rate will revert to the applicable standard variable rate for the loan category and repayment type.