Loan types overview
WeBroke handles every type of home loan. Here's a comprehensive overview of the loan types available to Australian borrowers.
Variable rate loans
The interest rate moves with the market. You benefit when rates fall, and your repayments increase when rates rise. Most flexible loan type.
Fixed rate loans
Lock in your interest rate for 1–5 years. Provides certainty on repayments. Limited extra repayments during the fixed period.
Split loans
Combine fixed and variable portions. Get rate certainty on part of your loan while maintaining flexibility on the rest.
Interest-only loans
Pay only the interest for a set period (typically 1–5 years). Popular with investors for cash flow management.
Line of credit
Access equity in your home as needed, up to an approved limit. Flexible but requires discipline.
Package loans
Bundle your home loan with other banking products (credit card, transaction account) for a discounted rate.
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