Variable Rate Loans are the answer for people who do not want to lock into a fixed rate but want to take advantage of any fall in the variable interest rate and who also want the flexibility of being able to make extra repayments.
Standard Variable Rate Loans
The variable interest rate means that the interest rate moves up and down reflecting the general changes in interest rates in the financial markets. Your monthly payments will remain the same, but the portion of the payment that's applied to reducing the principal will vary as the prime rate changes.
- Principal reductions may be made at any time at no extra cost
- Building loans allowed
- Redraw facility available
Discount Variable Rate LoansThe Discount Variable Rate Home Loan is a variable interest rate loan with a rate that is at a stated percentage per annum below the standard variable rate for the first 12 months.
- Flexible repayment frequency
- Unlimited additional repayments allowed
- Redraw facility available
- Mortgage Equaliser 100% Offset available
Essential Home LoansThe Essential Home Loan is a variable rate loan at a competitive variable interest rate for the life of the loan.
- Unlimited additional repayments
- Redraw facility
- Flexible repayment frequency
- Partial Interest Offset available
