Standard Variable Loan

A variable rate home loan is one of the most common types of home loans in Australia, and is also one of the most competitive products for lenders.

A variable rate home loan is a home loan product which has an interest rate which fluctuates up or down over time as your lender sees fit. Unlike a fixed rate home loan where the rate is locked in for a fixed term, the interest rate of a variable rate mortgage moves up and down in accordance with market changes.

Advantages:

  • Flexibility
  • Lump-sum payments can be made without incurring a penalty.
  • If interest rates fall, your repayments will fall.
  • Often offer extra features.

Disadvantages:

  • If interest rates rise your repayments will rise.
We look forward to servicing your financial future

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