Finishing a fixed rate term on a Fixed Rate Home Loan
If you’ve fixed all or part of your home loan for a 1,2,3 or 5 Year term, and that term is about to expire, then it’s a great time to think about your next move with your home loan.
What do I do when my fixed rate home loan term has finished?
At the end of a fixed rate period, your loan will automatically revert to the Standard Variable home loan product unless you request otherwise.
At the end of a fixed rate term, you have the option to:
- Leaving it to roll to the Standard Variable home loan product minus any discounts originally specified in your home loan contract.
- 'Refix' your interest rate for another fixed rate term, or
- 'Split' your loan into both fixed and variable, for more flexibility to suit your needs. More information on splitting your loan.
How will I know when my fixed-rate term is finishing?
- We’ll send you a notification (via mail) that your Fixed Rate Home Loan Term is coming to an end.
- You can refer to your original home loan contract or updated variation notice.
- You can also view your fixed rate term end date in the Suncorp Bank App and Internet Banking under your fixed rate loan details.
If you have any questions about finishing a fixed rate home loan, call us on 13 11 75 and speak with a Home Loan Specialist.
Make your next home loan move with confidence
If you’d like to speak to someone straightaway, please call 13 11 75 Mon-Fri 8am-7pm and Sat-Sun 9am-2pm (AEST)
Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ) acquired Norfina Limited (ABN 66 010 831 722 (Suncorp Bank) on 31 July 2024. As Suncorp Bank is now part of the ANZ Group, it may be necessary to vary the terms of your Suncorp Bank product to match the terms of a similar ANZ product. This means you may end up with a product that has different terms and features to those you initially applied for. In any event, Suncorp Bank will provide you with a more detailed notice of these changes if the variation applies to your products. A full list of these changes for each product can be found at suncorpbank.com.au/variation. Please contact us if you have any questions or if there is a feature that is important to you.
Home Loan, Personal and Business Banking products are issued by Suncorp Bank (Norfina Limited ABN 66 010 831 722 AFSL No 229882 Australian Credit Licence 229882) to approved applicants only. Eligibility criteria, conditions, fees and charges apply and are available on request. Please read the relevant Product Information Document and terms and conditions before making any decisions about whether to acquire a product.
