When interest rates are uncertain or income fixed, a fixed interest rate home loan often makes sense. This guarantees the monthly loan repayment will be the same for the life of the loan. Hence, if the economy changes substantially, causing general interest rates to rise, this will not affect repayments. This differs from a standard variable home loan, where if interest rates rise repayments will also rise. Of course if interest rates fall, the borrower will not get the benefit of a reduction in interest rates that the standard variable borrower will obtain.

It is possible to "split the loan" and have half the amount on a fixed interest rate and the other half floating. This and a number of other options are available with this loan.

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