flexibility of fixed or variable interest rate
You can have part of your loan calculated at a variable interest rate or part calculated at a fixed interest rate. A minimum of $20,000 exists for loans that are split between fixed and variable amounts (i.e. minimum $10,000 fixed and minimum $10,000 variable).
fixed interest rate for up to 3 years
The choice is yours - fix your rate for 1, 2 or even 3 years for consistency.
* The comparison rate is based on a loan of $150,000 for 25 years. Fees and charges may be applicable.
IMPORTANT: The Comparison Rate applies only to the example given. Different amounts and terms will result in different Comparison Rates. Cost such as redraw fees, early repayment fees, and cost savings such as fee waivers, are not included in the Comparison Rate but may influence the cost of the loan.