Sometimes you want to hedge your bets. With a split rate loan, you can. You can make part of your home loan fixed rate, and part of it variable. So you know that if interest rates go up, you won’t be hit hard. But if they go down, your repayments will drop too.
You don’t sacrifice flexibility when you choose a split home loan, either. You can choose exactly how much you want to allocate to each part, and you can make extra payments and use the variable portion as a redraw facility.
Nor do you pay extra fees. Unlike some lenders, we don’t double up on fees just because you’ve opted for a split home loan.
All in all, a split home loan is the best of both worlds. The flexibility of a variable rate home loan, combined with the security and peace of mind of a fixed rate home loan.