Standard Variable Rate Home Loans

Standard Variable Rate Home Loans usually offer a cheap 'honeymoon' rate of interest for the first year to attract new borrowers. They offer many features including:

• A lower interest rate for the first year
• The flexibility to make extra loan repayments at any time
• Redraw access to additional repayments
• The ability to combine with 100% Offset to reduce interest costs
• The ability to package up with other loan products, eg. Fixed Rate and Line of Credit

The rate reverts to the standard variable rate for the remainder of your loan term after the first year. You may choose to pay weekly, fortnightly or monthly. If you take advantage of the introductory 'honeymoon' rate, you may not be able to repay the loan without penalty for up to 3 years.

Contact us today to find out more about Standard Variable Home Loans