COMBINATION OR SPLIT RATE

Combination or Split Rate loans combine the flexibility of a variable rate and the certainty of a fixed rate, so you benefit when rates drop, and are protected when they increase.

A combination or split loan brings together the benefits of variable and fixed interest rates into a single home loan.   You have the ability to customise the loan and add as many features as you need.  The loan can be split in many ways for example you could have 60% variable and 40% fixed or a 50/50 split.

Split loans are useful in times of economic uncertainty, particularly when interest rates are rising.   By splitting a loan, you can reduce your risk against higher rates whilst still keeping part of the loan at the lower variable rate.