J junii Registered User Messages 63 3 Aug 2006 #1 Im getting a loan for e2000 tomorrow in the BoI. I know variable rate can go up or down and with fixed your sure of interest but what are the adv. of each? Can you even get a fixed rate loan for 2k. Cheers.
Im getting a loan for e2000 tomorrow in the BoI. I know variable rate can go up or down and with fixed your sure of interest but what are the adv. of each? Can you even get a fixed rate loan for 2k. Cheers.
C CCOVICH Registered User Messages 8,826 3 Aug 2006 #2 A fixed rate loan may carry a penalty for early repayment. If it's short term, you are probably better off fixing as rates aren't really going anywhere but up over the next 12 months. Variable rates don't necessarily go up every time rates rise.
A fixed rate loan may carry a penalty for early repayment. If it's short term, you are probably better off fixing as rates aren't really going anywhere but up over the next 12 months. Variable rates don't necessarily go up every time rates rise.