Variable Rate Home Loans
At Assured, we have access to over 30 bank and non-bank lenders, and over 1400 loan product options to help you get the right loan to suit your needs.
Types of Variable Rate Home Loans
Basic Variable
One of the lowest rates in Australia, ideal for budget-conscious borrowers who want simple, straightforward loan terms.
Standard Variable
The most popular and flexible option with features like offset accounts, extra repayments, and redraw facilities.
Split Loans
Combine the benefits of both fixed and variable rates by splitting your loan between different rate types.
Understanding Your Options
Basic Variable Home Loan
Assured Home Loans offers a Basic Variable rate home loan which is one of the lowest in Australia. If you require extra flexibility, this may not be the loan for you.
The basic home loan is ideal for clients who wish to make only their minimum payments and are not concerned about the features of a standard variable home loan.
It is also suitable for the budget conscious borrower who does not intend to make extra repayments or is working to a set budget.
Perfect For:
- Budget-conscious borrowers
- Simple loan requirements
- Minimum payment focus
Standard Variable Home Loan
Assured Home Loan's Standard Variable Rate Home Loans are traditionally the most popular type of loan and rates will vary depending on the market.
If rates go up or down, so will your repayments. This type of loan is traditionally the most flexible and includes additional features such as an offset account and the ability to make extra repayments, to redraw funds or to split your loan.
Key Features:
- Offset accounts
- Extra repayments
- Redraw facilities
- Loan splitting options
Fixed vs Variable: Which is Right for You?
Variable Rate Advantages
More Flexibility
Make lump sum payments or pay out early without costly penalties
Redraw Facility
Access extra payments when you need them
Offset Accounts
Reduce interest by linking your savings account
Smart Strategies
Option 1: Each Way Bet!
For peace of mind and to help you budget for the future; consider splitting your loan now; say half on a fixed rate and the other half remaining on the variable rate, this could give you flexibility with peace of mind just in case rates do head North.
Option 2: Make Believe Fixed
Choose a variable rate and then set your payments as though you were on the fixed rate being offered or higher. This enables you to be paying your loan off quicker and save a heap of money in interest before any future rate rises.
What Our Clients Say
"I've saved heaps of money with Assured, but the main reason I stay with them is for their service... they just really look after everything!"
Carl, Highbury, SA
Why Choose Variable Rate?
Variable rate home loans offer flexibility and features that can help you pay off your loan faster and save money in the long run.
Market Responsive
Rates move with the market, potentially saving you money when rates fall
Maximum Flexibility
Make extra payments, redraw funds, and access offset accounts
No Exit Penalties
Switch lenders or pay out early without costly break fees
Frequently Asked Questions
What happens when rates change?
When variable rates change, your repayments will adjust accordingly. If rates go up, your repayments increase; if rates go down, your repayments decrease.
Can I make extra payments?
Yes! Variable rate loans typically allow unlimited extra payments, helping you pay off your loan faster and save on interest.
What's the difference between basic and standard?
Basic variable loans have lower rates but fewer features. Standard variable loans offer more flexibility with offset accounts, redraw facilities, and extra payment options.
Should I choose fixed or variable?
It depends on your goals. Variable offers flexibility and potential savings, while fixed provides payment certainty. Many borrowers choose a split loan to get the best of both.
Ready to Find Your Perfect Variable Rate Loan?
With access to over 30 lenders and 1400+ loan products, we'll help you find the right variable rate home loan for your needs.