{"id":276,"date":"2017-11-27T23:25:43","date_gmt":"2017-11-27T23:25:43","guid":{"rendered":"http:\/\/newgenholdings.nexty.com.au:81\/?post_type=ufaq&#038;p=276"},"modified":"2017-11-27T23:25:43","modified_gmt":"2017-11-27T23:25:43","slug":"what-is-the-difference-between-fixed-rate-and-variable-rate","status":"publish","type":"ufaq","link":"https:\/\/newgenholdings.com.au\/en\/ufaqs\/what-is-the-difference-between-fixed-rate-and-variable-rate\/","title":{"rendered":"What is the difference between fixed rate and variable rate?"},"content":{"rendered":"<div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-distinct\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='date' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='desc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/en\/wp-json\/wp\/v2\/ufaq\/276' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-default ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-276-7z1s4EwiuZ' data-post_id='276'>\n\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#'>\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >B<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h4>\n\t\t\t\tWhat is the difference between fixed rate and variable rate?\t\t\t<\/h4>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<table border=\"1\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td style=\"width: 48.8904%\"><b>Fixed Rate<\/b><\/td>\n<td style=\"width: 46.8056%\"><b>Variable Rate<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 48.8904%\" valign=\"top\"><strong>Definition:<\/strong>* Rate remain unchanged during the fixed term<\/p>\n<p>* Term can be fixed for 1,2,3 or more years<\/td>\n<td style=\"width: 46.8056%\" valign=\"top\"><strong>Definition:<\/strong>* Rate continually changing over loan lifetime<\/p>\n<p>* Rate changed depending on RBA rate changing and lenders\u2019 following decision<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 48.8904%\" valign=\"top\"><strong>Advantage:<\/strong>* Borrower can benefit when on increasing rate<\/p>\n<p>* Better budget as the repayment stay same in fixed term<\/td>\n<td style=\"width: 46.8056%\" valign=\"top\"><strong>Advantage:<\/strong>* More flexible to divert to any product as market condition changing<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 48.8904%\" valign=\"top\"><strong>Disadvantage:<\/strong>* Higher break cost<\/p>\n<p>* Restriction of additional repayment<\/td>\n<td style=\"width: 46.8056%\" valign=\"top\"><strong>Disadvantage:<\/strong>* Unsecured rate<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t<\/div>\n\n<\/div>\n\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"<p>B What is the difference between fixed rate and variable rate? Fixed Rate Variable Rate Definition:* Rate remain unchanged during the fixed term * Term can be fixed for 1,2,3 or more years Definition:* Rate continually changing over loan lifetime * Rate changed depending on RBA rate changing and lenders\u2019 following decision Advantage:* Borrower can benefit when on increasing rate * Better budget as the repayment stay same in fixed term Advantage:* More flexible to [&hellip;]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"closed","template":"","ufaq-category":[],"ufaq-tag":[],"_links":{"self":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq\/276"}],"collection":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/comments?post=276"}],"wp:attachment":[{"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/media?parent=276"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq-category?post=276"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/newgenholdings.com.au\/en\/wp-json\/wp\/v2\/ufaq-tag?post=276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}