LIMITED* SPECIAL OFFER

 

No FURTHER INTEREST RISES FOR 2006

Concerned about interest rates?
Why not take advantage of our Variable Capped Rate Loan?
A capped rate means that even though variable rates may be increased your rate
will be capped (maximum) and not rise until after 31/12/2006. From then on it
will only rise with general rate increases, however if the rates were to fall your rate will fall whenever the fall occurs.

Is this a fixed rate?
No the rate is not fixed; it is simply guaranteed not to rise until after 31/12/2006.

Why not fix the rate?
There are a number of issues with fixed rates;
How long to fix it for -    2/3/5/10 years ?
Restrictions on repayments and redraws -   Can minimize any benefits
Rates may go down -   Obvious disadvantage
Penalties for breaking fixed rate -   Can be quite severe.
Rate not fixed until settlement -   Unless you pay additional fees.

Give yourself some peace of mind without the problems of a fixed rate.