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Standard Variable Loan

A standard variable loan is one of the most common home loans in Australia. It is popular with borrowers because of its flexibility and added features. This type of home loan runs on a variable interest rate. Because it is flexible, you can have the option for extra repayments and even have access to line of credit facilities .

Advantages:

  • Flexible, with added features
  • When interest rate falls, repayments go down
  • Option to make additional repayments
  • Access to line of credit

 

Disadvantages:

  • When interest rate rises, repayments go up

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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.