To entice borrowers with a low advertised home loan interest rate that can be as much as one percentage point below the standard home loan rate we offer. The Honeymoon or Introductory rates purpose, can be very attractive and competitive. The rate can be either fixed, variable or capped for the first 6 to 12 months of the home loan. These rates usually revert to the standard variable rate that is offered by the lender after this time. Honeymoon rates can be offered by limiting the options and features on a home loan with little flexibility should your circumstances change.

Among the lowest rates available
Rates can reduce principal and save interest with extra repayments made during the introductory

Since the interest rate reverts to the standard variable rate, repayments increase after the introductory period Your fees such as early repayments or exit fees may become higher

Keep in mind that the honeymoon interest rate is only part of the overall pricing you should consider when you take out a home loan. It is worth also worth considering that for a slightly larger interest rate, you can get a range of additional features that can benefit your repayments. First tim e borrowers should always inquire about all the different offers and features and how they can help you.