Compare Fixed Rate Loans
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A Fixed Rate Loan allows you stability by fixing your home loan repayments at a set amount over a set period of time.
The main benefit of a fixed rate loan is locking in your repayments for a period of five years should interest rates rise sharply as they did during the 1990s reaching 17%. However, locking in your repayments at the peak rate of 17% would cost you money.
Most people choose variable interest rate home loans knowing that over a period of time they will always be significantly cheaper.
Please visit our Tools section to view the different types of Fixed Home Loan products we compare. There are online calculators available for you to check the savings of having a fixed home loan when interest rates rise.
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