A Fixed rate Loan is a loan where the interest rate is guaranteed not to change for a specified period.

There are a number of fixed rate terms available for you to choose from, ranging from 6 months to 5 years.

NB. An early repayment fee may apply if you make a lump sum repayment during the fixed rate period.

Advantages

• If you want the security of regular repayment amounts over a fixed period.
• Your interest rate is guaranteed not to change for the specified period.

Options available

• Minimum loan amount: $1,000.
• Terms: minimum 6 months, maximum 25 years.

Special features

• You may increase your principal repayments by up to a further $1,000 per month or $500 per fortnight without incurring a repayment penalty.
• Arrange increased repayment amounts by phone or over the internet via NetDirect - our Internet banking service.

BankDirect home lending criteria and a loan processing fee apply. A low equity margin and early repayment adjustments may also apply.