Skip to main content

Fix. Prepay. Earn Qantas Points.

Fix your margin loan and prepay the interest by 30 June 2025.^ Earn Qantas Points towards your next escape. 

Borrow to invest with Leveraged.

Lock in a fixed rate and prepay interest by 30 June 2025.

Discounted rate and choice of term

Take advantage of discounted interest rates for fixed rate loans. You can choose a fixed term up to 5 years with up to 12 months of fixed interest paid in advance.*

Tax effective

Interest paid in advance by the end of this financial year for up to 12 months, may be tax deductible this financial year.**

Acceptable investment lists

Our diverse and frequently reviewed investment lists, including securities, platforms and managed funds.***

Earn Qantas Points

Earn 20,000 Qantas Points pro-rated for every $100,000 of the loan you fix and prepay the interest on 30 June 2025.^

If approved for a margin loan, submit your application to fix and prepay your interest in advance by 30 June 2025, and provide your current Qantas Frequent Flyer number correctly at the time of the application.

A joining fee usually applies, however, Leveraged has arranged for this to be waived for new customers who join Qantas Frequent Flyer.

Eligibility, terms and conditions apply.

What timeline should I follow to fix and prepay interest?

Want to know more, visit our case study.

Application to open a new margin loan facility (if you are a new applicant)

To open a new margin loan facility in time to Fix and Prepay, we need to receive your margin loan application before Sunday 22 June 2025.

Applications are subject to our approval and lending criteria applies.

Request to fix and prepay interest

If applying online or by phone, fix and prepay by 5pm (AEST) Monday 30 June 2025.

If applying by email, fix and prepay by 1pm (AEST) Monday 30 June 2025, a form is available upon request.

We must receive your request by no later than these times.

Changes to nominated bank account#

Changes to your nominated bank account details for direct debiting must be received by Monday 23 June 2025, or 2 days prior to your nominated direct debit date, whichever date comes first.

Direct Debit arrangements#

If your fixed rate loan starts on a Business day, then the nomination for interest to be prepaid via direct debit arrangements must be received prior to 1.00pm on the start date of your fixed rate loan. If your fixed rate loan starts on a non-Business day, then the nomination for interest to be prepaid via direct debit arrangements must be received prior to 1.00pm on the Friday before the start date of your fixed rate loan.
Nominations that are received after the above times will be processed on the next Business day. This will result in a variable interest charge on your loan account until the direct debit is processed.

Acknowledgements

Before submitting a Fix and Prepay Interest application, it is recommended all Borrowers seek independent financial advice and consider the following points:

  • Once a fixed rate loan has commenced, the Lender’s agreement is required to change its terms or cancel it.
  • If a fixed rate loan is cancelled or if its terms change during the Fixed Term, break costs may be payable.
  • If you have a Target Facility Balance, please discuss your preferred approach with us before you fix and prepay.

By applying to Fix and Prepay Interest, each Borrower acknowledges and agrees that:

  • All quotes for a fixed rate are indicative and only valid for the time at which they are given. Current fixed rates are available from the Lender.
  • The actual fixed rate applying to the loan amount will be the rate advised by the Lender in the prepaid interest confirmation or other communication to the Borrower.
  • It is the Borrower’s responsibility to ensure that a properly completed Fix and Prepay Interest application is submitted in time. The Borrower should also check that the prepaid interest amount paid by the Borrower has been credited to the account.
  • Neither the Lender nor any employees or agents of the Lender, including the Bendigo and Adelaide Bank Group, are responsible for any loss to the Borrower or other consequence(s) due to the Fix and Prepay Interest application, Fix and Prepay Qantas Points Offer application, other instruction or payment being declined, not being received in whole or part or on time, or being incomplete in whole or part.
  • The Lender may decline the request to Fix and Prepay Interest at its discretion, including if an instruction to capitalise any interest (calculated at the fixed rate on the amount agreed for the fixed rate loan) may result in a breach of the Maximum Gearing Ratio.
  • Any prepaid interest is usually not refundable.
  • If the Lender accepts the Fix and Prepay Interest application, the entire interest charge for fixed rate loan terms of 12 months or less must be paid in advance. Interest charges for fixed rate loans with terms greater than 12 months must be paid annually in advance.
  • This paragraph only applies if you have a Linked Investment Account and a Target Facility Balance: Payments (specifically, sweeps) to and from a Linked Investment Account only take place on a Business Day. If you are relying on the sweep to pay an amount, this will not occur until the next Business Day. Until then, the amount is treated as a drawing and interest will be charged at the variable rate. We suggest you discuss your preferred approach with us before you Fix and Prepay.
  • A fixed rate loan is treated as fully drawn under the margin loan facility. Once the interest charge is prepaid, the principal amount of the fixed rate loan will generally not change. Any unutilised portion of the fixed rate loan will be allocated as a variable rate loan as a credit balance and therefore not accrue interest charges. No interest is paid on credit balances and a credit balance allocated as a variable rate loan will not be offset against the fixed rate loan.
  • Any pre-existing fixed rate loan will continue to operate to the end of its fixed term. New fixed rate loans will operate from the commencement of their new fixed term.
  • Once the Fixed Term expires, unless a new fixed rate is agreed, interest at the variable rate will apply.
  • To be eligible to earn Qantas Points, borrowers must be a Qantas Frequent Flyer member and must provide their Qantas Frequent Flyer number, initial of first name and surname to Leveraged at the time of finalising their Fix and Prepay Interest application. Qantas Frequent Flyer details must be a direct match between the Qantas Frequent Flyer Member name and the margin loan Borrower name. Qantas Points will not be awarded if the borrower provides their Qantas Frequent Flyer details after submitting their Fix and Prepay Interest application. Membership and points are subject to the Qantas Frequent Flyer program Terms and Conditions.
  • The products referred to on this webpage are not Qantas products and not offered or issued by Qantas but by Leveraged Equities Limited ABN 26 051 629 282 and AFSL 360118. Qantas is not recommending the products described and does not accept any liability for any loss arising from the use of, or reliance, on the information provided on this webpage.
Qantas Offer T&Cs

Fix and Prepay Qantas Points Offer - Terms and Conditions

These are the Fix and Prepay Qantas Points Offer (F&P Offer) Terms and Conditions.

You agree to these Terms and Conditions when you apply for the F&P Offer.

These Terms and Conditions form part of the Facility Terms and Conditions between the Borrower and Lender.

Definitions

In these Terms and Conditions:

(a) An Eligible Margin Loan means the Leveraged Margin Loan, Investments Funds Multiplier, Direct Investment Loan, and any other ​margin loans issued by the Lender where a Borrower fixes and prepays in advance the interest rate for up to 12 months.

(b) The F&P Offer Period means 1 June 2025 to 30 June 2025.

Unless otherwise specified, a term defined in the Facility Terms and Conditions has the same meaning in these Terms and Conditions.

1. How to apply for the F&P Offer

1.1. The Borrower must apply for the F&P Offer as part of their application to fix and prepay an Eligible Margin Loan and can do so either online through the ‘Leveraged Online’ portal or via a paper application.

2. When the F&P Offer applies to the facility

2.1. To be eligible for the F&P Offer, a Borrower must within the F&P Offer Period:

(a) fix and prepay in advance the interest rate for up to 12 months under an Eligible Margin Loan (Eligible Borrowers).

(b) link an eligible Qantas Frequent Flyer account (see clause 4) to the Eligible Margin Loan; and

(c) not already be receiving Qantas Frequent Flyer Points (Qantas Points) for the same Eligible Margin Loan.

2.2 The Borrower agrees that the interest paid in advance is not refundable in whole or part if:

​​(a)  the prepaid interest has been or is in the process of being claimed by the Borrower as a tax expense or deduction. The Borrower must provide us with evidence that the amount has not been claimed as such if they seek a refund; or​

​​(b) the Borrower has already been credited Qantas Points from the F&P Offer​

2.3. Qantas Points may only be granted to one Qantas Frequent Flyer member (Member) for each Eligible Margin Loan eligible for the F&P Offer.

2.4. Qantas Points may only be granted to individual natural persons.

2.5. In the instance of an Eligible Margin Loan held by:

(a) more than one Borrower, only one of the Borrowers;

(b) a company, only one nominated director of the company;

(c) individual trustees, only one nominated trustee;

(d) company trustee, only one nominated director of the company, may be granted Qantas Points.

3. Changes, Limits, Suspension, or Cancellation of the F&P Offer

3.1. We may change, limit, suspend or cancel all or any part of the F&P Offer at any time (including the awarding and calculation of Qantas Points and the definition of an Eligible Margin Loan). We will use best efforts to notify Eligible Borrowers of material changes to the F&P Offer in advance. Any Minor changes will be announced by publishing a notice in the national or local media or via our website or online service.

3.2. We will endeavour to give notice of such change, limit, suspension or cancellation as soon as reasonably possible. If we believe a change is unfavourable to affected Eligible Borrowers, then we will give prior notice of at least 30 days subject to clause 3.3.

3.3 We may give a shorter notice period or no notice if: it is reasonable for us to manage a material or immediate risk; it is due to a change or introduction of a government charge, law or requirement; if the change is not unfavourable to Eligible Borrowers; or if the change is required by changes to the Qantas Frequent Flyer program.

4. What Qantas Frequent Flyer accounts are eligible?

4.1. Qantas Frequent Flyer membership details must be provided at the time of applying for the F&P Offer. You must be a Qantas Frequent Flyer Member to earn and redeem Qantas Points. A joining fee usually applies, however, Leveraged has arranged for this to be waived for new customers who join Qantas Frequent Flyer via the link here. ​

4.2. Qantas Points will not be awarded under the F&P Offer if:

(a) the Qantas Frequent Flyer membership details are not provided at the time of application;

(b) incorrect or not current Qantas Frequent Flyer membership details are provided; or

(c) the Qantas Frequent Flyer membership details (e.g. name) that are provided do not match the Borrower’s details with the Lender.

5. How are Qantas Frequent Flyer Points earned?

5.1. The awarding and redemption of points are subject to the Terms and Conditions of the Qantas Frequent Flyer Program. Qantas may, from time to time, change the Qantas Frequent Flyer terms and conditions in accordance with those terms.

5.2. Points will be awarded in accordance with applicable published terms from time to time.

5.3. We will calculate the points to be awarded and will arrange to transfer any awarded points to the linked Qantas Frequent Flyer account within 60 days from the day the application is approved.

6. Taxes and other charges

6.1. The Borrower must pay any taxes and airport related charges (including taxes on those charges) which may be due on any payments required to redeem points.

Important: The Qantas Frequent Flyer Program is operated by a third party. We are not liable for the operation or availability of the program, then redemption of points or any air travel or other goods or services obtained as a result of the program. Qantas is not liable to the Borrower or any other person in relation to the supply of services by us.

Qantas FAQs

Fix and Prepay Qantas Points Offer

Leveraged is offering all Borrowers who are Qantas Frequent Flyer members the opportunity to earn Qantas Points this Fix and Prepay campaign when they fix their loan and prepay the interest for up to 12 months.

The Fix and Prepay Qantas Points Offer Period is between 1 June 2025 and 30 June 2025. To participate in this offer, applications to fix and prepay the interest must be received by 30 June 2025.

Eligible products include all margin loans issued by Leveraged Equities.

Qantas Frequent Flyer Members can earn 20,000 Qantas Points (pro-rated) for every $100,000 of the loan amount they fix and prepay the fixed interest on a 12-month term this financial year. Eligibility, terms and conditions apply. See the Qantas Offer Terms & Conditions tab.

Points will be allocated within 60 days from the end of the prepaid offer period provided correct frequent flyer details are received.

Only Borrowers who are a Qantas Frequent Flyer member and provide Leveraged with their correct and current Qantas Frequent Flyer details at the time of application can earn Qantas Points. Qantas Points will be awarded to one Qantas Frequent Flyer member in accordance with Fix and Prepay Qantas Points Offer Terms & Conditions. See the Qantas Offer Terms & Conditions tab. 

No, it’s a requirement that the Qantas Frequent Flyer surname, initial of first name and the membership number is an exact match to Qantas’ records. There should also be a direct match between the Qantas Frequent Flyer member name and the margin loan Borrower name.

Yes, Borrowers can use the same Qantas Frequent Flyer number if they book multiple prepaid deals.

FAQs

FAQs

A fixed and prepaid rate is a fixed rate that applies to all or part of your loan balance where the fixed interest is prepaid in advance in a lump sum at the start of the fixed term. A fixed rate does not change during the agreed fixed term. This means that while variable interest rates may increase or decrease, the fixed rate applied to your fixed rate loan will not change during the fixed term.

The minimum fixed rate loan amount is $20,000 for the Margin Loan and Investment Funds Multiplier or $5,000 for the Direct Investment Loan in multiples of $1,000 for requests above the minimum. The maximum amount you can apply for will primarily depend on your approved Credit Limit. Please ensure your Credit Limit can accommodate the fixed rate loan you intend to apply for. Applications are subject to our approval.

The start date of your fixed rate loan can be any day from 1 June 2025 to 1 July 2025, with a fixed rate period we agree to.

If you are rolling over an existing fixed rate loan, the start date will be the next day after the expiry of your current fixed rate loan unless specified otherwise.

If you do not nominate a start date, we will use the date after the expiry of your current fixed rate loan or 30 June 2025 as the start date.

You can choose a fixed term of up to 5 years, with up to 12 months  fixed interest paid in advance. As an example, if you apply to start a 1-year fixed rate loan on 24 June 2025 the fixed rate loan will expire on 23 June 2026.

Fix and prepay interest rates are published on our website in June 2025 and are subject to change at any time until your Fix and Prepay Interest request is accepted by us.

Interest is charged on the start date of the fixed rate loan except for fixed rate loans commencing on 1 July 2025 where interest will be charged on 30 June 2025.

You can only pay up to 12 months of interest at the start of the fixed rate loan. This is called prepaying interest.

You can choose to make a cleared payment to cover the interest charged, however the funds must be available in your margin loan account before the start date of your fixed rate loan.

Log into Leveraged Online and select Fix and Prepay from the navigation. Alternatively, you can call our team between 8:30am - 5:30pm AEST, Mon-Fri on 1300 307 807 and fix over the phone.

Call 1300 307 807 between 8:30am - 5:30pm AEST, Mon-Fri and one of our friendly team members will assist with your margin loan application and prepaid request. Applications for new margin loan accounts can be submitted via Leveraged Online Application Form. Refer to ‘What timeline should I follow to fix and prepay the interest?’ to check the cut-off date for new margin loan applications.

We recommend submitting your Fix and Prepay Interest request before 1.00pm AEST on 30 June 2025 to allow sufficient time for your request to be processed before 5.00pm AEST on 30 June 2025. Applications and requests are subject to our approval and lending criteria applies.

Direct debit

You can instruct us to debit your Nominated Account that has an existing direct debit arrangement with us. If you do not have an existing direct debit arrangement, please complete the direct debit sections on the Leveraged Change Bank Account Details form available at www.leveraged.com.au/support/forms or ask your financial adviser whether a direct debit arrangement may be suitable. Please ensure that you have the required cleared funds available in your Nominated Account before the start date of your fixed rate loan.

Direct credit

You may be able to use your electronic banking arrangements to transfer an interest payment to your facility. The payment should be made to the BSB and account number of your Loan Account. Please contact us on 1300 307 807 if you are unsure about these account details.

BPAY®

The Biller Code and Customer Reference are available on the Fix and Prepay Interest communication we will email to you or by calling 1300 307 807

® Registered to BPAY Pty Ltd ABN 69 079 137 518.

Capitalise interest to your facility

This option is available to investors who have sufficient borrowing capacity and Credit Limit at the start of the fixed term. The fixed interest will be capitalised to the variable loan portion of your facility on the day before the fixed rate loan starts. Capitalising interest to your facility is subject to our approval. If capitalising interest to your facility is expected to cause a Margin Call, Margining Event or put your facility into the Buffer, then we may not accept your request for a fixed rate loan. Please ensure you have sufficient borrowing capacity to pay fixed rate loan interest.

Note: Interest paid in advance is usually not refundable.

When you begin a fixed rate loan, funds will be made available to you to invest from the start of the fixed term.

This means that at certain times during the fixed term, part, or all of the fixed rate loan may be undrawn.

If you have an established Target Facility Balance with an activated sweep function, then we can help you manage any undrawn amount of the fixed rate loan by sweeping funds between your Loan Account and the Acceptable Linked Investment Account that forms part of your Secured Portfolio.

If your loan amount is less than your Target Facility Balance, we will arrange to automatically sweep any excess funds to the Linked Investment Account established on your behalf to earn credit interest on the excess funds. Where the total amount borrowed in your Loan Account is greater than the Target Facility Balance, we will automatically sweep the funds from the Linked Investment Account into your Loan Account to reduce the loan to the Target Facility Balance (or as close as possible subject to funds availability in your Linked Investment Account).

The aim is to maintain the total amount borrowed around your nominated Target Facility Balance.

Target Facility Balance is available on Margin Loans and Direct Investment Loans. It is not available on Investments Funds Multiplier Loans.

If you have a Target Facility Balance, please discuss your preferred approach with us before you fix and prepay.

To check whether your Loan Account is set-up for Target Facility Balance, please call us on 1300 307 807.

Once a fixed rate loan has commenced, the Lender’s agreement is required to change its terms or cancel it. Break costs may be payable and interest is usually not refundable if a fixed rate loan is cancelled or if its terms change during the fixed term.

Your fixed rate loan will revert to a variable rate unless you request for a new fixed rate loan.

Already a Leveraged customer and ready to fix and prepay your interest?

Apply to fix and prepay your interest using Leverage Online. Alternatively, contact our team between 8:30am - 5:30pm AEST, Mon-Fri on 1300 307 807

Ready to Fix and Prepay your interest?

Things you should know

^The Fix and Prepay Qantas Points Offer (F&P Offer) allows eligible Borrowers to earn Qantas Frequent Flyer Points (Qantas Points) by fixing the interest rate and prepaying the fixed interest charge under an eligible margin loan product. The F&P Offer Period is between 1 June 2025 and 30 June 2025 (Offer Period). Borrowers eligible for the F&P Offer will earn 20,000 Qantas Points pro-rated per $100,000 under a 12 month term during the Offer Period. To be eligible, the borrower must be a member of the Qantas Frequent Flyer program at the time of the application. The awarding of Qantas Points under the F&P Offer is restricted to one Qantas Frequent Flyer member who is an individual (natural person) Borrower, or in the instance of joint Borrowers, only one individual, or in the instance of an individual or a joint trust only one individual trustee, or in the instance of a company Borrower, any one director, or in the instance of a company trust, any one director of the company trust under each eligible product. The borrower will not be eligible for the F&P Offer if no or incorrect Qantas Frequent Flyer details are provided at application. For further details, please refer to the Fix and Prepay Qantas Points Offer Terms and Conditions on leveraged.com.au/fixandprepay

*The maximum fix and prepay term to earn Qantas Points is 12 months. Interest charges for fixed rate loans with terms greater than 12 months must be paid annually in advance.

**We recommend that you obtain your own independent tax advice on the risks and suitability of fixing the interest rate and prepaying the fixed interest cost, and to determine whether your interest costs will in fact be fully deductible in the current financial year in your particular circumstance.

***The Direct Investment Loan excludes managed funds as acceptable investments.

#Only applicable if prepaying interest by direct debit via a nominated bank account.

The Leveraged Equities Margin Loan, Investment Funds Multiplier and Direct Investment Loan are issued by Leveraged Equities Limited (ABN 26 051 629 282, AFSL 360118) as Lender and as a subsidiary of Bendigo and Adelaide Bank Limited (ABN 11 068 049 178 AFSL 237879). The information on this website contains general advice only and does not take into account your personal objectives, financial situation or needs. This information does not constitute financial or tax advice. Terms, conditions, fees, charges and normal lending criteria apply.

Please consider your personal circumstances, consult a professional financial adviser and read the Product Disclosure Statement and Incorporated Statements (together, the 'PDS') and Product Guide, together with the terms and conditions applying to the product or service, before making an investment decision. To obtain a copy of the PDS and relevant information please call 1300 307 807, visit the individual product pages on this website, or contact your financial adviser. Not suitable for a self-managed superannuation fund.

Connect with us Bank-linkedin

Bendigo Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Leveraged Equities Limited ABN 26 051 629 282 AFSL 360118
© Copyright 2025 Leveraged Equities Limited