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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 and/or interest only 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 movement in variable interest rates during 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?

Towards 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. If you advise us before your fixed rate term ends that you want to refix your loan interest rate, then there is no fee to re-fix your rate. If you advise us you want to fix your loan interest rate after you have rolled over to the variable rate, a fee to fix will apply.

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 the rate currently advertised, you may choose to let your rate change to the roll-to rate, depending on your situation. Variable rates are likely to move, so make sure to monitor your rate.
  • 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 fixed 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 to avoid paying a ‘fee to fix’. 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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