With a fixed rate personal loan, your interest rate remains the same for the entire loan term - from the time you apply until you pay the loan off. As your repayments on a fixed rate personal loan won't change, it's easier to budget with confidence. We only offer fixed rate personal loans.
On the other hand, the interest rate on a variable rate personal loan is subject to changes based on the Reserve Bank of Australia's (RBA) cash rate adjustments, or as decided by the lender.