Switching your business loan from a variable to a fixed rate

You may be able to switch your Business First term loan from a variable to a fixed interest rate in Internet Banking. 

1. Log in to Internet Banking.
2. Select your Business First term loan account.
3. If you’re eligible, the Switch to a fixed rate button will be available. Select the button to continue.
4.  A new window will open. Review the details under ‘Switch to a fixed rate’, and select Start to continue.
5. Choose a fixed rate and term, then select Next.
6. Choose whether you’d like to change your repayment amount or keep it as is, then select Next.
7. Review your changes, including your new fixed rate and term, then select Confirm.

You’ll be able to see the details of your new term and fixed rate in your Business First term loan account. You’ll also receive a copy via email.