Bankwest Capped Rate Home Loan
When interest rates are on the rise, capped home loans, including the Bankwest Capped Rate Home Loan , are an option to consider when searching and comparing for the best loans on offer. They can be a good alternative to fixed interest rate home loans as you can save on higher repayments by not locking in a rate for a period of time. Capped loans, like the Bankwest Capped Rate Home Loan, are variable which means the rate is generally a competitive market rate but slightly higher for the security of not reaching above a certain rates. The Bankwest Capped Rate Home Loan for example, is capped at 7.5 percent p.a. until November 12, 2012, and offers an advertised rate of 5.4 percent p.a. If you are worried about interest rate hikes and are considering fixing your home loan , compare the best fixed rates with variable and capped rates at RateCity and save.