Split Rate
If you are looking for the stability of a fixed home loan and the flexibility of a variable rate home loan in one deal, you should look at a split home loan. This type of loan combines the benefits of a variable and a fixed interest rate into one home loan. Borrowers can customize the mix of both loan types into various percentages like the 60% variable, 40% fixed and the more popular 50/50 split home loan.
Split loans are beneficial in times of volatile market changes especially when market rates are on the rise. You can customize this type of loan into repayment options and splits that suit your needs.
Benefits of a split loan
- take advantage of different features the different loan types offer
- create your own loan package
- split your loan to suit your needs.
- select different repayment options for each split
- use the split loan for investment and home property purposes
