Variable loans usually offer more flexibility: extra repayments, redraw, and offset accounts. Your repayment can move when the lender changes rates.
Fixed loans give predictable repayments for the fixed term, which helps budgeting. Trade-offs can include limits on extra repayments and break fees if you refinance or sell during the fixed period.
You can also split your loan: part fixed, part variable. We run the numbers with you so the structure fits how you use your money day to day.
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