Standard Variable Loans

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Standard Variable Loans

Standard Variable Home Loans - Flexibility and Accessibility

As name suggests, loans with a variable rate might experience increases on reduction in the interest rate over the term of the loan.

Flexibility is a great feature of a variable rate home loan. Included in this loan is the offset account where you can directly deposit your salary or savings, which reduces the amount of interest paid (as your interest is calculated on your principal). Just in case you need to access your savings, the free redraw facility is available.

The Oak Advantage - Features and Benefits

100% offset account
Makes your savings work for you. Access cash through BPAY, EFTPOS, Debit Mastercard

For loans up to $2 Million
A low annual fee and competitive rate ideal for your investment property or home

Borrow up to 95% of the value of the property
If you are investing or buying for more than you expected, or don’t have a big deposit saved or you’re an investor looking for the maximum tax benefits from your investment loan

Your loan your way
Choose from principal and interest or interest only repayments. Repayments can be made weekly, fortnightly or monthly with unlimited extra repayments and free online redraw. Part or all of your loan can be set at a fixed rate