First Home Buyers

Basic Variable Rates

A basic rate offers you a low rate but less features.

Being variable you are dependent on the market interest rate, the repayment in a standard variable home loan can either increase or decrease.

This kind of home loan offers low fees and moderate interest rates but you may lose out on features such as direct salary crediting, redraw facility and portability options. Also, the account keeping fees for basic loans may be higher as compared to other loan types.

There are hundreds of home loan lenders out there offering basic variable packages in different terms. If you would like to compare these, visiting each of these companies’ web pages might take some time. To save you the hassle, eChoice has compiled the standard home loan variable rates of the most prominent home loan lenders.

Don’t surf hundreds of web pages to find the best deal. Let eChoice make your choice easy. A home loan consultant can help you pick the best home loan according for your needs.