Fixed Rate Home Loan

A loan where the interest rate is fixed for a selected period of 1, 2, 3, 4 or 5 years. At the end of the fixed rate period the interest rate will convert to the standard variable interest rate for the remainder of the loan term.

The interest rate for new loans is fixed from settlement of the loan and does not change for the duration of the fixed rate period. Customers applying for this product on new loans may 'lock in' the prevailing fixed rate at the time of application by paying the appropriate fee (refer to the 'Rates & Fees' section of the website for current fees and charges). This fee ensures that the rate will not rise above the 'locked rate' for a period of 3 months from approval.

• Fixed Rate Home Loan Product Specification