When you select a product that reverts after an introductory, fixed or interest only period to another rate, the Loanapp interface will display to you both the:
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In the following example, the chosen product is a 3 year fixed investment loan. This will mean that the loan the borrower will be getting is fixed for 3 years, and then reverts to a variable rate after the 3 year period:
Loanapp will display on screen the details and repayments for the three year fixed period (initial term) of 36 months:
And then also the details, rate and repayments for the twenty-seven year variable period (subsequent term) of 324 months:
