Fixed or variable: Choosing the right home loan

African couple shaking hands with financial advisor

Source: Getty

A variable loan offers more flexibility and comes with redraw and offset facilities, whereas a fixed-term loan keeps the interest repayments stable during the fixed term. But if you need to break the fixed term, the extra cost may be significant.


SBS Sinhala Settlement Guide brings information relevant for settlement in Australia.


Share

Follow SBS Sinhala

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now