Fixed Interest Loans Fixed interest rate lending can be either interest only or principal and interest repayment and will involve locking the rate of the loan over the fixed term, normally from 1-5 years or longer with some lenders. Offset will predominantly not apply for fixed rate loans, though there are a few lenders that offer partial and full offset, though these are exceptions. Fixed rate loans will normally come with an additional repayment restriction, which on average will work out to be an additional $5,000 per annum over the contracted or minimum repayment during the fixed period. Some lenders allow … Continue reading Fixed Interest Rate Loans