Business finance

There is a range of interest rate options including:

Fixed rate – for loans with terms of between one and seven years. Offers the security of fixed payments and security from upward rate movements. The fixed rate is residentially secured with interest rates linked to the home loan interest rates and terms of between one and five years.

Variable rate – provides the flexibility to make and redraw funds paid in addition to the minimum loan repayments. This rate benefits from any downward movements in interest rates.
There is the flexibility to:

• switch from fixed to variable rate at the end of a fixed rate period,
• switch to a fixed rate at any time from variable rate,
• make interest only or interest and principal repayments, and
• select loan terms from one to 30 years.