Variable Loans

For a home loan that is flexible with allowing you the benefit of extra features, then you cannot afford to disregard a Standard Variable Home Loan.

Standard Variable loans are the most popular product as they are flexible, they can allow you to make extra repayments, redraw funds or even split your loan. Interest rates with a standard variable product is subject to rises and falls depending on the rates provided by the Reserve Bank of Australia.

The benefit of Standard variable loans is that if the interest rates fall so does your rate. However, if they rise so does the variable rate which will increase your mortgage repayments.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Basic Variable loans are usually the cheapest rates on the market. They usually offer no application fees, no ongoing fees and a cheaper interest rate than say a standard variable but do not offer the features of saying what a fixed loan would. They are a usually a standard variable rate but at a discounted interest rate.

Also, you are able to have this product either for investment loans, owner-occupied or land loans.