Variable Rate Loans

Variable rate home loans – Competitive & convenient

With a variable rate loan, your interest rate goes up and down, based on the ‘official’ interest rate set by the Reserve Bank.

Variable rate home loans typically offer a significantly lower interest rate than fixed rate home loans. Plus, if the Reserve Bank lowers official rates, your rate will usually drop with it. So you could pay less, over time, than you expected.

What’s more, variable rate home loans are generally more flexible. With one of our variable rate home loans, you get an offset account and a free redraw facility. By depositing any savings straight into the offset account, you reduce (or ‘offset’) your principal. And because your interest is calculated on your principal, you pay less interest. But should you need those savings in the future, they’re there for you to withdraw.

Call today to discuss a variable rate home loan

Fill in our contact form or call 1300 258 229 to discuss a variable rate home loan. One of our friendly staff will walk you through your options, explain the process, and show you how you’ll usually pay less interest and enjoy greater flexibility. Or you can apply through one of our accredited mortgage brokers.