uniq

A split loan is ideal for a borrower who wishes to have two loan products rather than one.

A split loan is ideal for a borrower who wishes to have two loan products rather than one.

An example is a borrower who wants to take advantage of a fixed rate loan products in combination with a variable rate loan product.

The borrower can fix in portion of their loan to provide stability of interest rate and repayment but still allowing themselves the flexibility to make additional and lump sum repayments on the variable portion of the loan.