If there is any topic that generates controversy and discussion about loans is if you should get a fixed or a variable rate. Historically speaking variable interest rate pay less overall than fixed loans. It is important to keep in mind that while this is a representation of past studies, it should not be taken as an indicator of future performance or so. In order to even have an opinion on the subject, you need to take into consideration how the interest rate is moving in terms of economic policy and economic cycle. Depending on the outlook you might be better off getting a fixed rate if you consider there is a high chance and hikes in interest rates and the opposite if the outlook is pronosticating interest rate cuts any time soon. Out best advise is for you to talk to your provider and also to your financial advisor in order to get a professional opinion and recommendation on how to proceed.