If your fixed-rate period is about to expire, it is time to choose a new fixed-rate period and associated new interest rate. Choose your interest rate yourself on Internet Banking or in the Mobile Banking app and get instant confirmation of your new monthly payment.
If you opt for a fixed rate of interest, you are automatically also opting for a fixed-rate period. If you would like to switch from a fixed interest rate to a variable interest rate, you can do so free of charge upon expiry of your fixed-rate period. Switching from variable to fixed is possible every month. Read about the key features of both interest rates.
If you have a fixed-rate period with an interest rate refixing period, you can choose yourself when to fix your new interest rate in the final two years of the fixed-rate period. You will automatically be notified when your interest rate refixing period starts.
Once you have made your choice, your new interest rate will take effect the following month. For assistance, make an appointment with one of our advisers.
A lower interest rate does not necessarily translate to a lower monthly payment. If your mortgage is a Bankspaar Hypotheek (Savings-Based Mortgage), for example, you are building up savings that you will ultimately use to repay your mortgage. The interest you receive on these savings is paid at the same rate as the interest you pay on your mortgage loan. The lower the interest rate, the longer it will take you to save up the amount you need to cover your mortgage loan amount. In some cases, your monthly payment will even go up with a lower interest rate.
