Types of home loans

A fixed rate means your interest and repayments are fixed, typically for one to five years. During this time they won’t change. A variable rate means your rate and repayments can change at any time with notice. To learn more, click here.

Variable interest rates can go up and down as they are affected by many factors, including the cash rate set by the Reserve Bank of Australia. A variable rate loan gives you options unavailable in fixed rate loans, like the ability to redraw from your loan or add an offset sub-account facility. To learn more, click here.

Yes, you can make extra repayments up to $10,000 per year on our fixed loans. Fixed loans do not have a redraw facility, meaning customers cannot access any additional payments until their fixed terms expire. To learn more, click here.

Australian lenders are legally required to show customers a comparison rate to help them compare loans. You can usually find it next to the advertised interest rate. A comparison rate indicates the true cost of a loan, enabling you to compare similar loans between lenders. To learn more, click here.

Home equity is the difference between the market value of a homeowner's property and the outstanding balance of the home loan. To learn more, click here.

A fixed rate home loan break cost is a fee charged by your lender if you break out of your fixed term prior to the fixed rate period expiring. Such fees can be complex to calculate so it’s worth contacting your lender to ask for an estimate of how much it may be. To learn more, click here.

Yes. Splitting your home loan into variable and fixed portions lets you make extra repayments and access your offset sub-account on the variable portion, and minimise the risk of increased repayments on the fixed portion of your loan. To learn more, click here.

Our website provides information on a variety of our products including fixed and variable loans so you can make an informed decision before submitting an online application. Should you have additional questions about our products please call our Sales Team on 1300 908 671 AEST 7am to 7pm Monday to Friday.

All of our home loan and car loan products can be viewed on our website.
Click here to compare our home loans.
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For a principal and interest home loan, part of each repayment reduces the principal, the borrowed amount, while the other part goes towards the interest, the cost of borrowing. For an interest-only home loan, repayments initially only cover the interest due for a set term, typically up to 5 years. To learn more, click here.