Insights
When your fixed rate ends, many loans automatically roll onto a revert rate, and it can be noticeably higher than what’s available. The best move is usually to start early, so you have options and you’re not forced into a rushed decision.
About ninety days out, find out your fixed end date and what your loan will revert to. This is also the time to check whether you want to stay fixed, go variable, or split. About sixty days out, you want to compare options and confirm any fees, and you want to be ready with documents. About thirty days out, you want to choose the path and start the application or renegotiation process so there is no gap or last minute scramble.
Most people know their fixed rate, but not everyone knows what happens next. Your lender can tell you the revert rate and the date it applies. That revert rate is the number to compare against the market, not your old fixed rate.
There are usually three broad paths. You can go variable for flexibility. You can fix again for certainty. Or you can split the loan to balance certainty and flexibility. The right answer depends on cash flow, risk comfort, and whether you plan to refinance again soon.
If your LVR is under 80 percent, your lender options often improve. Also check the features you actually use. If you want an offset account, make sure you’re comparing loans that have a true offset, not something that sounds similar.
The first mistake is letting the loan roll onto a high revert rate for months because life is busy. The second mistake is locking into a new fixed rate quickly without checking whether the structure and features still suit you. Starting early helps you avoid both.
Want to see what the repayments could look like? Use our Loan Repayment Calculator to test different loan amounts, rates, terms and repayment frequencies. It can also show how extra repayments may change the total interest paid over time.
It is the rate your loan usually moves to after your fixed period ends. It can be higher than market rates, so it’s worth checking early.
Around ninety days out is a good time to start, so you have time to compare options and get paperwork sorted.
It depends on your priorities. Fixing can give certainty, variable can give flexibility, and a split can give a mix of both.
Sometimes yes. It depends on your position, your LVR, and what your lender is willing to offer. Comparing options helps either way.
Most loans roll onto the revert rate automatically. If that rate is high, you can end up paying more than you need to.
We can help you sense check structure, borrowing power, and next steps so you can move forward confidently, without creating a compliance headache later.
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