WHAT DOES LOAN FLEXIBILITY MEAN?
Loan Flexibility is quite an important factor to consider. What changes can you make to your loan without having to pay hefty fees and charges? You might wish to change your loan from a Principal and Interest Loan to a Interest only Loan to help in reducing your payments for six months while work is slow. Well with a flexible Loan product you can achieve this very easily. Pay off as much as you wish and re-draw as often as you wish (no minimum redraw) with a flexible Loan. Changing your repayment dates and amounts. This all adds to the flexibility of your loan.