Interest Rate Type Information in relation to the interest rate type applicable to an interest-bearing agreement. Fixed Information in relation to fixed interest rates. These are interest rates that do not fluctuate over the term, or life, of the agreement. Fixed for at Least 2 Years Information in relation to loan agreements which have a primary interest rate type of fixed, and where the interest rate cannot be varied for at least the first 2 years of the loan. Variable Information in relation to variable interest rates. These are interest rates that fluctuate over the term, or life, of the agreement, causing changes in either the payments or length of the loan term. Variable or Fixed for less than 2 Years Information in relation to loan agreements which have a primary interest rate type of variable, or fixed where the interest rate can be varied during the first 2 years of the loan.