Variable Rate Home Loans

Many types - which one to choose...

Variable rate home loans are subject to interest rate movements. Therefore, they can generally increase or decrease in line with with the Reserve Bank of Australia's cash rate.

There are many type of variable rate loans and they can be classified as follows;

- Basic Variable Rate Loans

- Standard Variable Rate Loans often linked to a professional package to get interest rate discounts

- Line of Credit or Home Equity Loans

 

What to look for... • Low interest rate, upfront and ongoing fees • The ability to make extra and lump sum repayments • 100% offset accounts or free redraw  facility attached to the loan account • Solid lender that will offer competitive ongoing rates • Professional packages may provide added value

Advantages	Disadvantages
• Ability to make extra repayments with out penalty • Offset accounts and redraw are a common feature • Discounts available for most variable loans	• Interest rate fluctuations • Not all variable loans are the same

Need Help...submit a mortgage quote and a qualified professional can help you find the right loan best suited to your lending needs.

 

Mortgage Quotes!

 

---

 

Lenders Variable Rate Homes, Fees and Features...

Lender		Home Loan to Look Out For	More Information
Note: Many More Lenders Available. This is just a representation of some of Australia's most longest standing lenders that offer ongoing competitive rates. Please discuss other lender options with your mortgage consultant.
MAJOR BANKS
	ANZ Bank Home Loans	Simplicity Plus, Standard Variable and Line of Credit
	Commonwealth Bank Home Loans	Rate Saver and 3 Year Rate Saver, Standard Variable and Line of Credit
	NAB Home Loans	Base Rate Home Loan, Standard Variable and Line of Credit
	Westpac Home Loans	Flexi First Option Home Loan, Standard Variable and Line of Credit
	Homeside Lending NAB Home Loans	Standard Variable and Line of Credit
SMALLER BANKS
	Adelaide Bank Home Loans	Smart Fit Home Loan
	AMP Home Loans	Standard Variable and Line of Credit
	Bank West Home Loans	Lite Home and Lite Plus Loans, Standard Variable and Line of Credit
	Citibank Home Loans	Basic Home Loans, Standard Variable and Line of Credit
	ING Direct Home Loans	Mortgage Simplifier, Smart Pack, Orange Advantage Offset and Line of Credit
	St George Home Loans	Basic Home Loans, Standard Variable and Line of Credit
	Suncorp Home Loans	Back to Basics, Standard Variable and Line of Credit
BUILDING SOCIETIES
	Heritage Bank	Basic Home Loans, Standard Variable and Line of Credit
	The Rock Building Society	Basic Home Loans, Standard Variable and Line of Credit
OTHER LENDERS
	Homeloans Ltd	Basic Home Loans, Standard Variable and Line of Credit

---

 

Need Help?

To find out which lenders offer the most most competitive variable rate loans we recommend that you contact one of our mortgage professionals below. They can show you all the all the hidden costs and restrictions as well as show you the most reputable lenders to choose from.

 

Mortgage Quotes