Rate Lock Facility
The Rate Lock Facility gives you the ability to secure the fixed interest rate at application for your home loan or investment loan.
The Rate Lock Facility allows you to protect yourself against potential interest rate increases that may occur during the settlement period.
| Features and Benefits | |
| Eligible Loans | All Fixed Rate Home Loans (owner occupied and investment). |
|---|---|
| Rate Lock Fee | Higher of $395 or 0.15% of the loan amount for 90 calendar days from approval. |
| Fee Payment | The fee can be incorporated as part of your loan amount at application, debited to a TIO Savings or Transaction account, or other cash payment method. |
All applications for loans and credit cards are subject to TIO's normal credit approval process. Fees, charges, terms and conditions apply and are available on application. TIO recommends that you consider all these before deciding whether or not to acquire the product. Interest rates are subject to change. TIO is Government guaranteed and not regulated by APRA. TIO ABN 72 532 995 678.