Basic Variable Rate Loan
Basic Variable Rate loan offers a lower interest rate than the standard variable rate, but fewer features. This is the cheapest option available with minimal setup costs and ongoing fees and is perfect for the first home buyer, or investor who already has a fully featured account.
Advantages
Low interest rate- Minimal setup costs and fees
- Low maintenance loan account
- Most Basic loans now allow extra repayments and redraw (depending on lender)
Disadvantages
- There may be penalties for extra repayments or early discharge
- There is limited flexibility
WHY CHOOSE QUEST HOME LOANS?
The fully qualified consultants at Quest Home Loans understand how important your financial future is. They take the time to get to know what your specific objectives are now and into your future endeavors. We not only find the right solution for you but we provide you with as much information as possible so that you make educated decisions every step of the way. With our panel of lender experts you know you’re provided the most up to date options.
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There is so much to consider when buying your own home. Can I afford it? Where do I buy? What will my repayments be? There are over 600 loan products to choose from so let Quest Home Loans simplify this process for you and make it a time to celebrate! 
Property is still considered one of the safest investments. If you’ve been thinking about buying an investment property or expanding your portfolio, Quest Home Loans expert will make sure you get the right advice to maximise your investment potential.