Fixed Interest Period

This is the period for which you have secured the interest rate. The agreement is between you and the bank. Once the fixed interest period expires, you usually need a new financing. This can be with the current bank (then only the interest rate is adjusted) or you switch banks.

If you do not want a follow-up financing, then it is best to look into a "full repayment loan." With this, you are debt-free after the fixed interest period.