What are my interest rate options?
A Rebuilding Ireland Home Loan offers two fixed interest rate products:
- 2.745% fixed for up to 25 years (APR 2.78%)*
- 2.995% fixed for up to 30 years (APR 3.04%)*
* Rates are subject to change. Mortgage rates are set on the date of drawdown of your loan.
All rates are exclusive of Mortgage Protection Insurance (MPI) which is a requirement of borrowing. Eligible borrowers are required to partake in the local authority collective MPI scheme. MPI is payable monthly, in addition to loan repayments.
With a fixed interest rate product your monthly repayments remain the same for the full fixed rate loan period, making budgeting easier - but during the fixed rate period, you may be liable for a breakage fee if you pay off all or part of your mortgage early.
You should seek independent financial advice on which product is most suitable for you.