Roll-over mortgage (based in LIBOR)
Mortgage with fixed term and periodic adjustment of the interest rate on a money market basis.
- The client profits from market-based terms and conditions.
- Protection from rising interest rates through one-off switch option**
Interest rate adjustment
Interest due dates
Interest rate hedge
|none, but a one-off switch option** during the fixed term to a fixed-interest mortgage of Zuger Kantonalbank|
* LIBOR = London Interbank Offered Rate: The interest rate at which banks lend money to each other in the short term.
** Your Zuger Kantonalbank client relationship manager will be pleased to explain to you how the switch option works.