Click here to see some of our Panel Lenders’ most competitive fixed rate loans.
One of the best rates from our lender panel this month is:
2 year fixed rate 3.65% – Heritage Bank
(Interest rates are for Loan sizes over $250,000. LVR and other conditions may apply)
Email us if you would like to know how this would change your repayments and your loan flexibility.
Or call us for a chat about your personal situation to see if fixing your interest rate would suit you.
What does it mean?
INITIAL – The fixed rate term is for a pre-determined length of time – e.g. you choose to fix the rate for 3 or 5 years (other terms are available). This is the initial rate
REVERT – At the end of the fixed rate term, the interest rate ‘reverts’ to a variable rate. This is the revert rate – however, as it is variable, the revert rate will be the prevailing variable rate at the end of the fixed rate term.
CR – The comparison interest rate. This is a legislated calculation that takes into account all ascertainable interest rates and fees for a 25 year loan term
LVR – Loan to Valuation Ratio – the loan as a percentage of the purchase price. So if you bought a $500,000 property and the loan was $400,000 – the LVR would be 80%.