A fixed rate of interest is offered on a mortgage by a lender when a buyer opts to make repayments in fixed monthly installments over the entire tenure of the loan irrespective of the interest rate cycle. (housing.com)
The instalment established will remain fixed for the entire tenure of the Loan. (yourloanadvisors.com)
As the name suggests, this rate of interest is fixed for the entire tenure of the loan. (syndicatemortgages.com)