How do I keep track of fixed rate expiries and loan renewals?

List every loan and split with its fixed rate end date, then set reminders about 90 days before each one so you have time to compare options. When a fixed rate ends and you do nothing, the loan usually rolls onto the lender's standard variable rate, which can mean a sudden jump in repayments.

Why it matters

Investors often have several loans and splits across different lenders, each fixed for a different term. Miss one expiry and that loan can sit on a higher rate for months before you notice. Across a portfolio, that can quietly add thousands to your costs.

Build your loan list

For each loan or split, record:

Your options when a fixed rate ends

1. Revert: do nothing and move to the lender's variable rate
2. Re-fix: lock in a new fixed rate with the same lender
3. Refinance: move to another lender, timed to the fixed end date
4. Split: fix part and leave part variable

If you refinance or change the loan before the fixed period ends, you may pay break costs. These can be large, so timing a refinance to the expiry date usually avoids them. Ask your lender for a break cost quote if you are unsure.

A simple countdown

• 90 days out: note the date and ask your lender what rate you will roll onto
• 60 days out: compare offers, or talk to your broker
• 30 days out: lock in your decision and sign any paperwork
• On the day: check the new rate and repayment have been applied correctly

Track interest only periods ending, lease ends and insurance renewals the same way.

Letting reminders do the work

Opulo stores each loan and split with its rates and dates, and lets you set alerts for fixed rate expiries and other key dates, choosing how far ahead you want to be reminded, so nothing rolls over unnoticed.

Sources

• Bankwest: End of fixed rate period
• loans.com.au: What happens at the end of a fixed term