They say interest rates are going down: should I refinance my loan?

I've been repaying on a variable interest rate for three years. These days every article talks about rate cuts, and I'm not sure whether now is the right time to switch. I've also heard fixed rates might be better. Anyone with experience?

by 호기심천국571

7 answers

Fair, this is really ambiguous lol

by 취준생김씨812 · ▲0

Don't judge based on news articles alone. Go to your bank app or the Financial Supervisory Service's interest rate comparison disclosure and first check what your actual applied rate is under your current conditions. The article is just an average; my loan's rate depends separately on credit score, collateral, and preferential rates.

by 카페인중독513 · ▲0