Standard Variable Interest Rates
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Information on Basic Variable Interest Rate products Information on loans that have a discounted interest rate for an introductory period Information - 100% Interest Offset mortgages
Information about Standard Variable Interest Rate products Information about loans typically sought by investors Information about Interest Only loans
Information on Line of Credit 'Equity' facilities Information about loan packages with interest rate discounts Construction loan information
Commercially secured loan information Information on Fixed Interest Rate mortgages Low Document/Non Conforming loans - for those with unsubstantiated income or credit defaults

Standard Variable Interest Rate Products

These loans are a variable rate product that usually offer extra features such as a 100% offset account. If your loan size is large enough, many lenders will offer considerable discounts on the standard variable rate (see 'Discount Packs'). Lenders usually use their standard variable interest rate as a 'benchmark rate' and many of their other products are on an interest rate that is a set margin either above or below it, e.g. a basic variable product may always be 0.5% below the standard variable rate and a line of credit may always be 0.1% above it. Many lenders require a loan to be on their standard variable rate product before a client can lock in to a fixed rate. Most lenders also specify the standard variable rate for construction loans.

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 Standard Variable Loan content is information only and should not be construed as financial advice.

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