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Flexible choice
Enjoy the benefits of both a fixed and a variable interest rate
One of the major choices to be made when selecting a home loan is whether to take a variable interest rate or a fixed interest rate. The Flexible Choice Home Loan lets you enjoy both.
How does Flexible Choice work?
Flexible Choice combines the flexibility of a variable rate loan with the security of a fixed rate loan. Otherwise known as a split loan, Flexible Choice is a combination of up to five smaller, separate loan accounts together forming one home loan. You can nominate a portion of your loan at a fixed rate and the remaining at a variable rate – choose the proportion that works for you.
With Flexible Choice, the fixed rate portion of your loan is protected from increases in interest rates for the fixed rate period. You can still make additional payments on the variable rate portion of the loan enabling you to pay that portion off faster.
So, protect yourself against potential interest rate rises by nominating portions of your loan as fixed. And with the remaining portions as variable, you get flexibility to pay off that part more quickly, particularly if interest rates decrease.
- Call a home loan expert on 13 33 30 8am - 9pm (AEST), 7 days a week
