How to book a fixed rate

Financial markets are very volatile and interest rates can change rapidly with little warning.         SBS Bank offers the option of booking a fixed interest rate for the day the loan is advanced, so that you can lock in your fixed interest rate up to 45 days prior to drawdown of the loan. This can be a great advantage for you by giving certainty of your future loan payments particularly when interest rates are increasing.

You are able to hold a fixed interest rate for new loans for a period no greater than 45 days prior to the funds being advanced by completing a booked fixed rate form which is available from any of our SBS Bank branches. Booking a fixed rate does incur a booking fee of $250.00. However, this fee is refundable if the loan amount is drawn in full on or before the specified date at the interest rate and fixed term stated in the booked fixed rate acknowledgment form.