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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 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’s current roll-to rates on our Rates and Fees page. 

If you're currently on a fixed rate contract, you can check your roll-to-rate by referring to your loan contract. Depending on the cost of funding at the time, you may have a low (or high) roll-to rate.

What happens at the end of my fixed term period?

Depending on your lender, you may receive a reminder closer to the end of your fixed period notifying you of the roll-to rate and the applicable date.

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 can 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 may need to negotiate with your current lender or review other lenders for a home loan to suit your needs, otherwise known as refinancing. If you do this, make sure your new home loan meets your requirements.
  • Fix again - If you prefer to know how your loan repayments will be, or if interest rates are low right now, you may choose to fix your loan again. This will help you secure your interest rate and give you certainty around your repayments.
  • Refinancing - At the end of your fixed term rate, you may prefer a lender that offers more features, a better rate; or choose to consolidate debt. You can research other providers and consider refinancing to ensure your loan meets your needs.

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