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Fixed Rate Loans
A fixed rate loan means that your monthly loan repayments cannot go up or down despite what happens with money market interest rates. In general terms a loan where the interest rate is fixed tends to be more expensive at commencement than a loan where the interest rate is variable for the whole period of the loan.
Our fixed rate loans tend to fall into two main categories:
1. Short term fixed rate loans. The interest rate and monthly payment are fixed for the first 12, 36 or 60 months of the loan. These plans normally can be offered at the same or similar interest rate as variable rate loans.
2. Full term fixed rate loans. The interest rate and monthly payment are fixed for the whole term of the loan. These plans normally can only be offered at a higher interest rate than variable rate loans.
Whatever your requirements and whatever your circumstances we can find the most appropriate loan for you.
Fill in our simple enquiry form and we will contact you to discuss your loan in complete confidence.
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