• 0407 432 910
  • graeme@aslanfinance.com.au

Fixed Interest Rate Loan

Some borrowers want to know exactly how much they are going to pay throughout the duration of the loan term. Fixed rate loan has fixed interest rate and fixed repayments. If you don’t want to be subjected to uncertainty in changes in interest rates, this type of home loan is for you. With a fixed rate loan, the lender and borrower agree to a specific interest rate for a period, which could be one up to five years.

Advantage:

  • Repayments stay the same even if home loan interest rates rise.


Disadvantages:

  • Repayments stay the same even if home loan interest rates rise.
  • You might pay penalty fees if you want to make additional repayments.

© Copyright 2019 Aslan Finance | Credit Representative 397059 is authorised under Australian Credit Licence number 389328.

Privacy Policy and Compliments & Concerns

This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply. Your full financial situation will need to be reviewed prior to acceptance of any offer or product.