"Interest In Advance" is a fixed Investment loan that allows you to pre pay the interest for the coming financial year. 

Whilst it is not a condition, strategically it best to execute this strategy close to the end of finance year, allowing you to then apply this deduction immediately on your coming tax return. 

Keep in mind 

  • If you choose a 3 year fixed interest in advance option, for 3 years you will pay your interest in a once off lump sum each year. 
  • Clients can achieve very attractive rates to take up an interest in advance offer. 
  • Once the fixed period is over, the rate will return to the standard variable rate of that Lender at that time. This is rarely competitive, so ensure you are ready to look at refinancing to another lender or negotiating at your existing lender.