How Rate Lock Works

• Peace of mind - avoid unexpected rate increases during the settlement period.
• Cost certainty - know exactly what your repayments will be from day one.
• Optional and flexible - you can accept or decline the Rate Lock during your application.

If settlement is delayed beyond 90 days, an extension can be requested for up to 180 days (not automatic and subject to approval).

• If your loan doesn’t proceed, you won’t pay the fee.
• If interest rates fall before settlement, the lower rate will apply, even if you paid for a Rate Lock.
• Rate Lock is available on all new fixed rate home and investment loans, Specialised Residential Loan or Business Loan, including interest only options.