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Basic Variable Interest Rate ProductsThese loans offer a discounted variable rate that is lower than the standard variable rate of the same lender. The lower interest rate makes this type of loan a very popular choice for many consumers. Basic variable products usually have less features and flexibility than standard variable products but for many clients such features are uneccessary anyway. Call or email for lender's comparison rate schedules or specialised Mortgage Software generated comparisons that details relevant features of competing loan products side by side and also gives an AAPR (average annual percentage rate) which is an indication of the 'true' cost of the loan over a seven year term. The above Basic Variable Loan content is information only and should not be construed as financial advice. Call Rebate now on
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