Home Loans Standard variable mortgage loan

Standard Variable Mortgage Loan

Standard variable mortgage loans are Australia’s most popular type of mortgage home loan. The interest rate varies throughout the mortgage loan term. These mortgage 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.


The standard variable interest rate loan has an interest rate that will move up or down, usually, though not always, following the rise and fall of official interest rates determined by the Reserve Bank of Australia.

Repayments are made weekly, fortnightly or monthly with a loan term of up to 30 years. In the early years of the loan, the bulk of each repayment is usually directed towards interest charges, with only a small amount put towards the loan principal. In later years, the opposite applies.


  • Flexibility
  • Lump-sum payments can be made without incurring a penalty
  • If interest rates fall, your repayments will fall
  • Often offer extra features


  • If interest rates rise your repayments will rise


Call Finance Today on 1300 886 580 for a no obligation discussion on your requirements, e-mail us or make an appointment online.


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