Deposit as low as 5%
Redraw facility
No penalties for extra repayments
Our Standard Variable Rate Home Loan offers all the flexibility and features you need in a standard home loan. Interest is variable meaning your interest rate will rise or fall at any time in line with market changes.
We lend up to 95% of the value of the property~, which means you only need a small deposit to be able to purchase your home. This home loan is also suited for those who have saved a large deposit.
If you would prefer to have a fixed interest rate to reduce your exposure to market fluctuations, check out our fixed rate home loan.
Features
- Deposit as low as 5%
- 100% mortgage offset account
- Redraw facility
- No penalties for extra repayments
- Your choice to make repayments weekly, fortnightly or monthly
- Automatic repayments through direct debit
- Loan terms up to 30 years
- Available for a range of purposes, including purchase of an existing house, vacant land for building etc.
Rates & Fees
Product | Principal & Interest | Interest only |
---|---|---|
Standard Variable Rate Home Loan | 4.49 Interest rate 4.65*Comparison rate | 4.84 Interest rate 5.00*Comparison rate |
Effective date from Monday 6 April 2020 |
Fees | |
---|---|
Establishment fee | $250 |
Document fee | $250 |
Loan maintenance fee | $10 |