You are here: Home \ Melbourne Mortgage Brokers – Focused on Service \ Standard Variable Home Loan

Standard Variable Home Loan

This is the most popular home loan in Australia. The interest rate on a standard variable loan is not fixed as it is closely linked to the Reserve Bank of Australia’s interest rate fluctuations and market funding costs.

The features of a Standard Variable rate loan vary dependant on the individual lender but these loans generally offer an offset facility, redraw facility, no limits on additional repayments and in most cases no early pay-out penalties.

A standard variable loan can usually be combined with other types of loans and are ideal for the borrower wishing to pay their home off sooner rather than later.

Are you getting the best home loan deal?

some of our Mortgage Providers

A Track Record of Success

Veki and the team at UniQ were very helpful when it came to securing our loan for our first investment property. Being self-employed it was a little more complex to secure the loan. Thanks to Veki's help we were able to find a good lender and an excellent interest only home loan.

Thanks UniQ for making the process far simpler than we were expecting it to be.

J & R Cantwell, Elsternwick, VIC

We recently decided to check if we would make a significant saving by refinancing our home loan. The recent round of rate increases finally convinced us it was worth shopping around. UniQ finance were excellent. They came to the house and took us through different options. We ended up going with a smaller bank that had a better rate.

We are saving over $2000 a year in interest, for very little work at all.

M Sommersly, Hoppers Crossing VIC