Definitions for **"Fixed Rate Loan"**

Fixed term reverse mortgage Fixed trust

A mortgage in which the interest rate does not change during the entire term of the loan.

A fixed rate loan is where the interest rate on the loan never changed throughout the duration of the loan.

Loan for a fixed period of time with a fixed interest rate for the life of the loan.

An interest rate which won't change over the life of the loan.

Where a borrower elects to fix the interest rate of their loan â€“ or part of it â€“ at a set level for a set duration. The period is usually between 1 and 5 years. Enables borrower to â€œsetâ€ their loan repayments for the period selected however rates are usually higher than the prevailing variable rates at the time of establishment. Also, lenders may charge a fee if you "break" this period ie through changing loan type or refinancing to another lender whilst still in the fixed rate period.

a good choice when interest rates in the market show an upward trend

a home mortgage loan for a customer who is typically planning to remain in the household for a longer period and wishes to fix the interest rate which provides a consistent monthly payment

a loan where the interest rate is guaranteed not to change for a specified period

a much more secure loan, and may in fact may be more cost-effective if an ARM has been increasing in past years

a personal loan where you have a set amount transferred into your bank account and you are given a set amount of allocated time in which you have to pay the loan amount back to cahoot

a personal loan which you borrow that is a set amount and repaid over a set period

A loan priced at a fixed rate of interest for a set term. Interest rate and payments remain the same during the fixed term of the loan regardless of interest rate changes in the market.

A loan where the rate of interest is fixed over the life of the loan. Payments on a fully amortized fixed rate loan will not change.

Interest rate charged on a loan that remains fixed during the tenure of the loan

A loan where the interest rate is fixed (doesn't change) over the life of the loan.

A loan taken at a fixed rate of interest for a set period. Repayments remain fixed during an agreed period of the loan regardless of changes to variable rates of interest.

A loan with an interest rate that remains the same over the life of the loan.

A fixed rate loan is a loan with a set rate of interest that either does not vary for the entire life of the loan or is set or 'fixed' for a specified period (months or years).

A loan where the interest rate does not change during the term of the loan.

A loan in which the interest rate will not change during the term of the loan.

The interest rate on a fixed rate loan is set when the loan is opened. The interest rate remains the same through the entire term of the loan and does not change when market indexes or other interest rates fluctuate.

A loan with an interest rate that remains constant for the life of the loan.

A loan over a specified period of time which has a fixed interest rate applied to it.

a loan or mortgage in which the interest rate is determined at the beginning of the term and stays constant throughout.

A loan on which the interest rate which stays constant for the entire term of the mortgage.

A loan with the same interest rate and monthly payment over the life of the loan.

On a fixed rate mortgage your interest never changes.

A mortgage having a rate of interest which remains the same over the life of the mortgage.

A loan in which the interest rate and payment do not change over the life of the loan (terms range from 10 years to as long as 40 years). At the end of the term, the loan balance will be $0.

Fixed-rate loans have interest rates and payments that are fixed through out the term of the loan.

A loan in which the interest rate remains constant throughout the life of the contract.

A loan in which the interest rate is fixed for the entire term of the loan. This translates into a fixed payment for the entire term of the loan.

A loan where the interest rate is fixed for a set period, ranging from 1 to 15 years. This means your loan interest rate won't fluctuate as it does with a variable loan. Generally, the longer you want to fix your loan, the higher the interest rate will be i.e. you may be able to fix your loan for 1 year at 6.5%, or for 5 years at 7.7%.

A loan where the interest rate remains the same for the term of the loan.

A loan in which the interest rate does not change over the life of the loan. To Top

a fixed rate loan has an interest rate that is fixed for the term of the loan.

A loan in which the interest rate remains constant throughout the life of a loan.

A loan on which the interest rate is fixed for a specific period.

A mortgage with an interest rate that does not change.

a loan that attracts a fixed rate of interest until maturity

A loan with a fixed rate of interest for the life of the loan. Principal and interest payments on a fully amortized, fixed rate loan will not change.

Fixed Rate loans protect you against interest rate changes for an agreed time, so you have peace of mind knowing your repayments won't increase. Fixed rate loans lack the flexibility of variable rate loans suck as ability to make additional repayments as you like. This is a trade off for the certainty in locking in rate. If variable rates go down during the fixed rate term you won't benefit, break costs may apply if you wish to revert to a variable rate before the end of your fixed rate term

the loan interest rate is fixed and the interest rate and payment amount do not change during the life of the loan to the original borrower.

This type of loan is based on an interest rate which does not change over the term of the loan.

The interest rates for federal education loans borrowed after July 1st 2006 are fixed at 6.8% for the Federal Stafford loan and 8.5% for the PLUS loan.

A loan on which the same rate of interest is charged for the life of the loan.

Fixed term reverse mortgage Floating rate contract