Fixed vs Variable › What is a revert rate and why does it matter?

What is a revert rate and why does it matter?

The revert rate is the rate your loan rolls onto when a fixed term or introductory rate ends, usually the lender standard variable rate. It is often higher than competitive rates, so it matters because it can quietly raise your repayments.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

Revert rates are where lenders often make their margin, banking on borrowers not noticing the change. When your fixed or honeymoon period ends, the loan reverts automatically, and the new rate can be well above what you could get elsewhere. Knowing your revert rate and acting before it kicks in protects you from paying more than you need to.

The key points

The rate your loan rolls onto after a fixed term.
Usually the standard variable rate.
It is often higher than competitive rates.
Act before it kicks in to avoid paying more.

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.