• What is a Fixed Rate Home Loan?
  • A fixed rate home loan is a loan that allows you to fix, or freeze your interest rate for a specified period of time.
• How does a Fixed Interest Rate work at QTCU?
  • At QTCU, you can fix your interest rate for 1, 2 or 3 years, regardless of the term or amount. We also have a special introductory fixed rate for anyone taking out their first home or investment loan with QTCU. At the end of the fixed period, you have the option to re-fix for a new term, split part of your loan, or revert to the standard variable interest rate at that time.
• What are the benefits of a Fixed Interest Rate?
  • Interest rates are constantly changing due to a variety of market forces beyond your control. By fixing your interest rate, you will have control over your repayments for a specified period of time, which can help with budgeting and cash flow. You can also make payments up to $10,000 per annum on a fixed rate home loan without penalty.
• Can I attach other features?
  • You can take advantage of the split loan option which allows you to fix a portion of the loan and keep the other portion as a variable rate loan or overdraft facility.
• Is a Fixed Interest Rate right for me?
  • A fixed interest rate may provide the security and peace of mind in knowing that your repayments will stay the same for the fixed period. It can also save you money if variable rates increase during your fixed period. However, you need to be aware that if you fix your interest rate when rates are high, and variable rates drop, you will maintain that fixed rate. That is why it's important to watch interest rate movements and choose the right time to fix. You can also reduce the risk by splitting your loan.

If we haven't answered all your questions on this website, please contact us so one of our friendly consultants can help you out.

Simply call us on 13 29 30 between 8.30am-7.00pm Monday to Friday, pop into one of our branches, or take an easy next step by completing a quick form and have us call you back.