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Be sure to ask them if or what it rolls to after the fixed term expires. In the past NAB was one of the lenders who didnt automatically roll their interest in advance loans, it involved a whole new application/loan. This can be problematic if your details change in the interim.

Depending on the lender it can revert back to I/O variable, P&I variable, or in at least one lenders case a new application and loan is required, as they write the fixed loan as the term of the loan. Its important to find out what happens at the end of the fixed term, as it can have an effect...

You cant pre-pay the interest on a variable rate loan, or you can, but you cant claim it as a deduction like you would a fixed rate. Interest in advance fixed rate loans are a little bit cheaper than normal fixed rates, this is either a happy coincidence, or because if it were the same interest...