Split Rate Home Loans

With a Split Rate Home Loan you can have exactly that.

A Split Rate Home Loan is one where you can choose to have a portion of the loan with a fixed interest rate, and another portion with a variable interest rate.

What makes a Split Rate Home Loan attractive for first time and existing borrowers is:

• the ability to customise the home loan
• add as many features as required
• many combinations – 50/50 split or 80% variable and 20% fixed (provided it meets lenders policy).

Advantages of a Split Rate Home Loan

• Fixing portion of your loan can protect you against future interest rate rises.
• Leaving part of your loan at a variable interest rate allows you to save money if interest rates fall.
• You can have a fully featured home loan by combining different home loan products.

Why Would a Split Rate Loan not suit me ?

•  A Split Rate loan, because of the many variables available, can have a complex fee structure.
• Limited amount of extra repayments might apply to the fixed portion of the loan
•  Flexibility to change lenders is reduced due to exit fees attached to the fixed component.

Split Combination Home Loans

• Where there are a number of purposes for a loan, such as one loan for the home and another for the investment property, a Split Combination Loan might be best for you.
• Investors can leverage their equity to utilise the best of a variety of Loan Products, using a Split Combination Home Loan.

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