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What is a roll-to rate?

A roll-to rate, also known as a revert rate, is a variable interest rate that fixed rates roll to at the end of the fixed term period or an interest-only period. 

Your contracted roll-to rate is based on many factors, but it’s typically on par with the standard variable rate at the time of signing your loan document. You can find Qantas Money Home Loans current roll-to rates on our rates and fees page. 

If you're currently on a fixed rate or interest only contract, you can give us a call to check your roll-to-rate. Depending on the cost of funding at the time of rolling off your fixed or interest only term, your roll-to rate may be lower (or higher) than your contracted roll-to rate.

What happens at the end of my fixed term period?

When you reach the end of your fixed term period, you will receive a letter notifying you of the change. Before your fixed term period finishes, please contact one of our home loan experts to discuss your options and preferences for your loan moving forward.

There are a couple of options you may wish to pursue depending on your roll-to date:

  • You've got a low variable interest rate - when a roll-to variable rate is lower than what is currently available, you may choose to let your rate change to the roll-to rate, depending on your situation. Variable rates are likely to move, so monitor your rate and review alternative lenders so that you know what's on offer elsewhere.
  • You've rolled to a high variable interest rate - you can contact one of our home loan experts to discuss your options when your fixed term period ends. This is your opportunity to discuss the most appropriate loan for your needs.
  • Fix again - if you prefer to know what your loan repayments will be, or if interest rates are low right now, you may choose to fix your loan again. You need to notify the bank that this is what you want to do before your fixed rate ends and you roll over to a variable rate. This will help you secure your interest rate and give you certainty around your repayments for the fixed term that you choose.

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