When taking out a new home loan or refinancing one, you are asked to choose between a fixed-term and a variable rate loan.
Both have their own unique benefits and challenges depending on your financial circumstances and personal preferences.
This episode of Settlement Guide written by Sneha Krishnan explains how fixed-term and variable home loans work; Kulasegaram Sanchayan reports in Tamil.
Listen to SBS Tamil at 8pm on Mondays, Wednesdays, Fridays and Sundays on SBS Radio 2.
Find your area’s radio frequency by visiting our tune in page.
For listening on DAB+ digital radio, search for ‘SBS Radio’.
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