What happens if I fix my home loan and interest rates increase and or decrease?

Last Updated: 21 Dec 2015

Your fixed interest rate and repayments stay the same. Once your home loan is advanced on a fixed interest rate, the rate will not change during the term you selected. Your repayments will stay the same for the duration of the term you selected regardless of interest rates (variable or fixed) increasing or decreasing during that time.

You can break the loan’s fixed rate, but this may incur an Early Repayment Adjustment Fee.

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