When you switch to a fixed rate on your home loan, you’ll receive a confirmation summary which includes details about the fixed rate changes, your new repayment details and when your new repayment amount becomes effective.
After you request to switch to a fixed rate on your home loan, your next repayment will stay the same and then any subsequent payments will change.
For example, if your fixed rate was applied today and your next monthly repayment is due in a week, this repayment will stay the same (i.e. it will still be your variable rate amount). The following month, your repayment will reflect the fixed rate change.
View your home loan structure
You can find an overview of your account structure under the Account Breakdown feature on Macquarie Online Banking and Macquarie Mobile Banking. See how to View your home loan structure.