Standard Variable Rate loans offer you maximum flexibility and great features, including the option to fix or split your loan, the ability to make additional repayments when you want, and the option to redraw these funds for any purpose when you require it.
Standard variable loans are Australia’s most popular type of home loan. The interest rate varies throughout the loan term. These loans generally offer excellent flexibility, low fees and often offer great features such as an offset facility, redraw facility, no limits on additional repayments and in most cases, no early pay-out penalties.
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Applicant type
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Individuals, Companies, Trusts.
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Employment requirements
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P.A.Y.G. must be full-time or part-time permanent. If Self-Employed, two years.
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Income: required proofs
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P.A.Y.G. Pay slips, group certificates or employer letter. Self-employed, two years tax returns.
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Loan amounts minimum & maximum
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$100k to no limitl
> 97% (including LMI) LVR up to $750,000
> 90% LVR up to $1.5 million
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Purpose
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Owner-Occupied, or Investment
Purchase, Refinance,
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LVR
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Up to 97% Owner Occupied (including LMI)
Up to 97% Investment (including LMI)
(LMI can be capitalised above 95% to make 97%)
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Coded, non-coded, or either
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Either
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Credit related issues
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CLEAR above 90% LVR - below very minor but paid and explained defaults may be o.k.
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Variable, fixed or both
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Both
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P&I, I/O, or both
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Both (depending on LVR)
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Residency Status
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Citizens and permanent residents
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If you wish to proceed, then we will help you to complete all the necessary paperwork and liaise with the lender on your behalf. This will include the completion and submission of your home loan application and the on-going communication between all parties until your home purchase is settled
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