Question:

What are NAB fixed and variable interest rates?

by Guest615  |  12 years, 9 month(s) ago

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I heard that there are two different type of interest rates of NAB. Please tell me what are NAB fixed and variable interest rates?

 Tags: FIXED, NAB, rates, Variable

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  1. Guest1121
    Fixed or variable interest of NAB:
    You have the choice of a fixed or variable interest rate.
    A fixed interest rate doesn't change. It gives you certainty about your interest charges and repayment amounts. You can't redraw from a fixed rate loan.
    A variable interest rate is more flexible. It can change over time, which means that your interest charges and repayments might move up or down. Variable rate loans allow you to redraw (if you're ahead of your repayment schedule).

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