Work out the cost of splitting your loan into a fixed and variable loan using Perth-based Harken Finance’s Split Loan Calculator.

A split loan allows you to ‘split’ your interest rate into multiple separate accounts. Usually, it is split into two accounts, with one having a fixed interest rate and the other being variable, enabling you to receive the benefits, and drawbacks of each loan type.

It isn’t necessarily a 50:50 split. You can do a 60:40 split whereby 60% of the loan has variable repayments, and 40% is fixed.

Looking to buy a property or refinance your existing loan? Call your local Perth CBD and the surrounding areas Finance Broker, Amber Nathan from Harken Finance today for your FREE no-obligation 15-minute Discovery Call on 0427 262 375.