Gravityscan Badge
STANDARD VARIABLE RATE LOAN ADVICE FOR AUSTRALIAN BORROWERS
Information, money saving tips and commentary on Standard Variable Rate Home Loans in Australia

Standard Variable Rate Home Loan



The best place to start your home loan search

What is a Variable Rate Home Loan?

With variable rate home loans the interest rate varies according to market forces but is normally several percentage points higher than the current Reserve Bank interest rate. When the Reserve Bank changes official rates then variable rates from other lenders follow suit. Interest Rates can move up or down.

The Variable rate home loan is the most common form of loan in Australia and is normally a principal and interest type loan, but can be interest only. Equity, Renovation, Low Doc, No Deposit, Debt Consolidation, Investment and First Home Loans are just other names for Variable Rate Loans. However as many of the loan titles suggest, the eligibility criteria is different for each.

Standard Variable loans include features that give the borrower flexibility in management and repayments – see below.

Basic variable loans are usually the cheapest loan on the market in terms of interest rates. However this doesn’t always mean they are the cheapest loan as there may be extra charges like monthly account fees, and they often don’t have many of the useful features of the standard loan.

Standard Variable Rate Loans are still a major part of the mortgage market as they have been for many years because of their flexibility and features.


STANDARD VARIABLE RATE INVESTMENT PROPERTY
Std Variable Rate Loan
Basic Variable Rate Loan
Fixed Interest Loan
Split Loan
Home Equity Loan
Debt Consolidation Loan
Low Doc Loan
Non-conforming Loan
Line of Credit
Interest Only Loan
Reverse Mortgage
Construction Loan
Renovation Loan
Refinancing
Mortgage Broker
Home Loan Resources


The best place to start your home loan search

The Tomorrow Finance provide a Free Home Loan Quote service for Australian home owners and real estate investors. Ask them for a Free Quote on a Home Loan or Investment Property Loan.
CLICK HERE FOR FREE QUOTE



Google
Web www.loansense.com.au



Thank you for visiting our Australian Home Loan website. We hope the information has proved useful. You can write to us at:

(C) 2019 www.loansense.com.au