Fixed Rate Lock

Fixed Rates are subject to change up until loan settlement. Rate lock is a feature which can guarantee your fixed interest rate for your chosen fixed rate term and protect you against rate rises for 90 days.

When you’ve locked in an interest rate on your Bank Orange home loan, the interest rate is locked from the date we receive your completed Fixed Rate Lock Request form and Loan application, for 90 days. 

Fixed Rate Lock can be applied to new Bank Orange loan applications at any time before loan settlement. The Interest rates on the day the Fixed Rate Lock request is processed will be the applicable Interest rate that is locked for 90 days.

We lock in the Fixed Interest rate applicable on the day we receive your Fixed Rate Lock Request form and your Loan application. If we do not receive your loan application form with your Rate Lock request, the rate as at the date of your loan application will be used.

Bank Orange Fixed Rate Lock Fee is $600 for loans under $400,000 or 0.15% of application amount for loans greater than $400,000. The Fixed Rate Lock Fee is charged per fixed rate loan account and you must nominate the fixed rate period in the Fixed Rate Lock Request form. The fee is debited when we process your “Fixed Rate Lock Request” form from the Bank Orange account you nominate on the form. The fee is only refundable if your loan is declined by Bank Orange.

For more information including how to request a Fixed Rate Lock, download our Fixed Rate Lock Fact Sheet.