Standard Variable Rate Loans
Standard Variable Rate loans typically offer maximum flexibility and great features, including the option to make additional repayments when you choose to, and redraw when you need to. Variable rate home loans are subject to interest rate movements. They can change when the lender chooses to increase or decrease the rate, generally in line with the Reserve Bank of Australia's cash rate.
Advantages
Very flexible and allow you to make extra repayments with no penalty- If interest rates go down your repayments will be less
- Minimal break fees if you pay off the loan early
- May offer an offset facility (depending on the lender) with redraw available
Disadvantages
- If interest rates go up your repayments will be higher
- Not all variable loans are the same so be wary of the fine print
- There is usually an annual or monthly administration fee charged
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.