Under a Fixed Rate loan, the interest rate is fixed for a specified period, usually between one and five years. This loan gives you the certainty of knowing exactly what your monthly repayments will be and peace of mind knowing the repayments won’t rise. However you won’t benefit if rates go down during the fixed term.
Fixed Rate Home loan
Advantages
- Guaranteed rate, if interest rates rise your repayments won’t.
Disadvantages
- Reduced flexibility.
- Extra repayments may incur a fee or be limited.
- Contact us to discuss your initial thoughts and requirements.
- Complete our finance application form covering the purpose for seeking credit and the amounts of credit sought
- We will then contact you to arrange an initial consultation, to agree the basic information required and the process for completing such
- Once that has been compiled we will review it and then provide a written strategy for you to consider.
- If you’d like to proceed, we will then work with you on a formal loan application process.
Complimentary obligation free consultation
Discuss your specific needs & figure out the best financing route for you. Get in touch to organise your complimentary 60 min session today!
What’s involved in obtaining a loan through Intuitive?
Property Buying Tips And Handy Hints To Successfully Manage Your Finances
Download this handy guide that the team at Intuitive Finance has put together for you.