When you are looking for a personal loan you might find yourself looking at a choice between variable and fixed interest rate loans. With a fixed rate personal loan, you get your interest rate when you take out your loan, and this is fixed for the loan term. This means that the full amount repayable as well as your regular repayment will always be fixed. With a variable rate interest loan, the interest rate on your loan is subject to change depending on the Reserve Bank of Australia’s cash rate, meaning that your full amount repayable as well as your regular repayment could go up or down during your loan term. NOW FINANCE offers only fixed interest rate loans.