If rising interest rates will throw a spanner in your monthly budget, why not consider a fixed rate loan? You can lock in a rate for between one to five years.
You can choose interest and principal, or interest only repayments.
You also have the option of a 40% offset facility (that’s where your savings in linked Bankwest accounts reduce your interest) to help you repay your loan faster.
Comparison rate based on a loan of $150,000 for a term of 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.