Fixed-rate loan By its very nature, the fixed-rate loan is unaffected by financial market fluctuations. As such, your loan is repaid in regular monthly amounts throughout its term. You therefore avoid any hidden surprises in the event of interest rate rises. In exchange for this security, the interest rate on this loan is generally slightly higher than that of the variable-rate loan.
Variable-rate loan Interest rate fluctuations on the financial markets, whether upward or downward, affect your monthly repayments. Tip! To limit any upward fluctuations, opt for a capped-rate loan.
Revisable-rate loan This option allows you to keep a fixed rate of interest over three, five or ten years. At the end of this period, the interest rate will either be variable, fixed or revisable once again.
