A fixed rate locks your repayments for a set period (typically 1–5 years) — giving certainty. A variable rate moves with the market — and typically comes with offset accounts and unlimited extra repayments that most fixed loans don’t offer. A split loan fixes part of your balance and leaves the rest on variable, giving you the benefits of both. The right choice depends on your risk tolerance, repayment capacity, and whether you want offset account benefits. See our full comparison: Fixed vs Variable Rate.