The Fixed Rate Mortgage is a loan where the interest rate on the note remains the same through the term of the loan. The maturity of the loan varies from 5 to 30 years. The Fixed Rate Mortgage is restricted to financing residential property acquisition, construction and or home improvements. It charges interest from as low as 10.70% per annum.

Benefits to you

• Affordable repayments of up to 30 years repayment term.
• Lower instalments due to the combination of longer maturity and lower interest rates.
• As the instalment is lower, the longer term Fixed Rate loans are ideal for relatively young age groups of potential real estate investors and new home owners. Older borrowers are advised to select shorter maturities.
• One rate and one instalment amount throughout the entire term of the loan. Should interest rate flactuate you continue paying the same instalment. The repayment obligations are clear, transparent and totally predictable. This eliminates uncertainty in managing household budgets.
• BBS can refinance and consolidate loans from other banks.
• In the event that you are aware that you may need additional funding, you will be given the option to register a higher bond.
• You can release equity on this product.