If you have selected a Standard Variable product which will have an Interest Only period applied, you may need to adjust the Revert Rate as it is different to the Interest Only period rate.
Unlike Fixed Rate products there is effectively only one Base Rate in the database. So you have to adjust using the Discount section.
How to adjust the rates
Click the edit icon of the Product.
- Click into the Rates section.
- For this example the Interest Only rate will be 2.79% and the Revert Rate is 3.00%. Change the Base Rate to the higher of the two rates.
- Now adjust the discount for the lower line item.