Flexible Features - Interest only in advance
RAMS Interest Only in Advance allows to prepay up to 12 months of interest in advance and to receive a discount off the fixed interest rate
Ideal for: Investors
RAMS Interest Only in Advance allows property investors with a fixed rate loan to prepay 12 months of interest in advance at a time and to receive a discount off the fixed interest rate (see RAMS Lending Rates at a Glance for current discounts).
At the end of each 12 month period the borrower can apply for a further 12 month interest in advance period.
Additional benefits of interest only in advance
- Helps maximise cash flow and budgeting by knowing there'll be no more loan repayments throughout the year
- Locking in a fixed interest rate can protect you against rate rises.
- It’s a good idea to check with your accountant or financial adviser to ascertain if this strategy is a suitable option for your circumstances.