Standard Variable Home Loan

Standard variable home loans offer flexibility and provide features that can help you make extra repayments, split your loan into two deals and redraw funds.

The standard variable interest rate is not fixed and is relative to the interest rate movements of the Reserve Bank of Australia. Hence, repayments may drop in response to a drop in the market interest rate.

Furthermore, the borrower has the option to pay off their home loan faster by making extra payments, without penalties. These additional payments can be withdrawn if the need arises.

New-Loan combines the flexibility of a standard variable rate with the value of a discounted home loan.