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Break costs


Fixed rate loan break costs

A fixed rate loan gives you the certainty of knowing exactly what your repayments will be for the term that you choose. If variable rates rise and you are on a fixed rate loan you won’t face higher repayments. On the flip side, when variable rates fall and you have a fixed rate loan, you do not receive the benefit of lower rates and repayments.
 

Break cost fact sheet

  • Important Information

      Any information is of a general nature only. We have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.