Interest Rate Type Dimension Information in relation to the interest rate type applicable to an interest-bearing 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 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. Variable Information in relation to variable interest rates. These are interest rates that fluctuate over the term, or life, of the agreement. Fluctuations in interest rates generally occur at the discretion of the lender and/or in response to movements in some other interest rate or variable specified in the contract. These fluctuations may result in changes in either the payments or length of the loan term. Fixed Information in relation to fixed interest rates. These are interest rates that: (a) do not fluctuate over the term, or life, of the agreement; or (b) some part of the original term, or life, of the agreement. Where an interest rate is only fixed for some part of the original term, at the end of the fixed interest rate period the contract may provide for transition to a variable interest rate or for a new interest rate to be negotiated.