Re-fixing your home loan in online banking or the TSB app is quick, easy and makes re-fixing your loan simple. There’s no fee to re-fix your home loan, and if the rate changes on the term you've chosen before your current term expires, you’ll automatically get the lower of the two rates.
How it works
- Login to online banking or the TSB app and when your fixed rate term is 40 days from expiring, you’ll see a refix notification on your dashboard.
- Click the notice to see the available rates, terms and payment amounts.
- Choose your new fixed rate term.
- If your rate is increasing, your repayments may also need to increase to repay your home loan within your loan term.
- Confirm the details and you're done.
Your new fixed rate term will take effect when your current term expires. Remember, if the rate on that term changes before then, you'll automatically get the lower of the two rates.
It's important you consider your situation before you choose to re-fix. If you decide to break your fixed term after you re-fix, you may be charged an early repayment fee, so if you’re thinking about selling your property or looking to make lump sum repayments, have a chat with one of our lending specialists about your options first.
If you'd prefer to chat to us when your loan comes up for renewal, you can still call us on 0800 231 232 or visit your nearest branch.