Finance Hub
Fixed vs Variable Rates
Fixing your rate buys certainty; staying variable buys flexibility. We introduce you to independent, licensed brokers who help you weigh which matters more for you.
Fixed rates and certainty
A fixed rate locks your interest rate for an agreed period, so your repayments stay the same regardless of what happens in the wider market. This makes budgeting easier and protects you if rates rise, but it can limit extra repayments and may involve break costs if you exit early.
Variable rates and flexibility
A variable rate can move up or down over time. The upside is flexibility — you can often make unlimited extra repayments, use an offset account, and refinance more freely. The trade-off is that your repayments can rise if rates increase.
Some borrowers split their loan, fixing part and leaving part variable, to enjoy a blend of certainty and flexibility.
Our role
We do not predict rates or advise which to choose. We introduce you to independent, licensed brokers who explain the trade-offs based on current conditions and your goals.
Related reading
- Mortgage and finance mistakes — rate decisions borrowers most often get wrong.
- Finance and lending introductions — brokers who can compare rate options across lenders.
Frequently asked questions
Can I split my loan between fixed and variable?
Many lenders allow a split loan so you get some certainty and some flexibility. A broker can explain how this works.
What are break costs?
If you exit or change a fixed loan early, the lender may charge a break cost. Your broker can explain how these are calculated before you commit.