Split Loan Calculator

A split home loan allows you to divide your mortgage into two or more parts with different interest rates and repayment terms.

Anyone who is applying for a home loan can opt for a split home loan.

A split home loan works by dividing your mortgage into two or more parts. One part is fixed, and the other is variable.

The benefits of a split home loan include the ability to hedge against interest rate fluctuations, the flexibility to make extra repayments, and the option to redraw funds if necessary.

The disadvantages of a split home loan include the possibility of being locked into a higher interest rate on the fixed portion, and the potential for fees and charges associated with the loan.

To choose the right split for you, consider your financial goals, risk tolerance, and future plans.

You can speak to our broker to help you.

Yes, most lenders allow you to change your split ratio at any time during the term of your loan.

If you sell your property before the end of the loan term, you will need to pay off the outstanding balance of your split home loan.

And if there is a fixed term account, break fee may apply as well.

Yes, some lenders offer split home loans to borrowers with a low deposit.

To apply for a split home loan, you will need to speak to a lender or mortgage broker and provide information about your income, expenses, and credit history.

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