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Basic Variable Loan

A basic variable loan is similar to a standard variable loan, except that it offers lower rates which change depending on… . In exchange for lower interest rates, the features of a basic variable loan may be limited and with lesser flexibility too. If you want any additional feature, you need to pay extra for what you require.

Advantages:

  • Lower interest rates
  • Lower repayments


Disadvantages:

  • Less features
  • Less flexibility

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This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply. Your full financial situation will need to be reviewed prior to acceptance of any offer or product.