Looking for a variable rate home loan?

Smart Booster Home Loan
  • 1.85%
    discount var rate p.a.~
  • 2.21%
    comparison rate p.a.*
SPECIAL OFFER

Variable rate for homeowners

Pay no monthly, ongoing or annual fees with our easy to understand Variable Rate Home Loan.

Smart Booster Investor Bundle
  • 1.99%
    discount var rate p.a.+
  • 2.71%
    comparison rate p.a.*
SPECIAL OFFER

Variable rate for investors

Get our lowest ever rate investment loan with unlimited redraws and the option to add an offset sub-account.^

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What is a variable interest rate?

Variable home loans are more flexible than a fixed rate but provide less certainty.

Many Aussies opt for a variable home loan due to the freedom and greater number of options they offer.

One of the key benefits of a variable home loan is you’re able to make extra repayments on top of your scheduled instalments with no penalty. By doing so on a regular basis, you could cut down the length of your mortgage, reducing the overall amount of interest you'll need to pay.

Some variable loan products will offer additional features like offset sub-accounts, both of which - when used wisely can be handy financial tools.

Our owner occupied variable rates

Product name

LVR

Up to 80%

Principal & Interest rate p.a.

1.85%

2.21% comp rate*

Interest only rate p.a.

-

-

Product name

LVR

Up to 80%

Principal & Interest rate p.a.

2.48%

2.50% comp rate*

Interest only rate p.a.

2.79%

2.81% comp rate*

Product name

LVR

Up to 80%

Principal & Interest rate p.a.

2.73%

2.75% comp rate*

Interest only rate p.a.

-

-

Our investor variable rates

LVR

Up to 80%

Principal & Interest rate p.a.

1.99%

2.71% comp rate*

Interest only rate p.a.

1.99%

2.71% comp rate*

Product name

LVR

Up to 80%

Principal & Interest rate p.a.

2.74%

2.76% comp rate*

Interest only rate p.a.

2.99%

3.01% comp rate*

Find your next home loan

For 10 years, we've been helping Aussies into their dream homes and saving them thousands. Find the right loan for you today so you can start saving too.

Get started

Apply online or speak to one of our Australian based loan specialists who will take care of all the paperwork for you. Applying is easy and we can settle your loan quickly so you start saving sooner. With loans.com.au you can have confidence in dealing with Australia's largest non-bank lender.

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Give us a call on 13 10 90 or start an online application.

Benefits of choosing a variable rate

Flexibility

Since a variable rate is flexible, it may actually fall. If this happens, your loan repayments will drop, saving you money.

Features

Variable rates usually come with a number of features not available with fixed loans. Want an offset sub-account? That’s usually no problem. Want a redraw? That’s available too. Want card access? We can order you one.

Low rates

Variable rates can be lower than fixed, and in a declining interest rate market, your repayments will also decrease.

Less fees

With a variable loan, your break fees are usually far less than a fixed loan.

Variable rate features

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Offset sub-account

Whenever you put money into your offset sub-account, that money is 100% “offset” against your home loan, with Visa debit card access. So, if you had a home loan of $350,000 and $5,000 in your offset sub-account, you only pay interest on the $345,000.

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Redraw facility

Having a redraw facility with your loan means your money is at call, so you’re able to redraw it anytime you want, using your Visa debit card attached to the account.

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Interest only rates

Many lenders including loans.com.au will give you the option of making ‘interest only’ payments for some time. During the agreed interest-only period, your repayments will be lower.

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Split rate

A split loan means that a portion of the loan is subject to fixed home loan rates and a portion is subject to a variable interest rate. This can be a great option as if rates rise, you'll only pay more on the variable portion while still retaining the flexible options of a variable rate loan.

Variable vs fixed

Still deciding between choosing a variable or fixed rate? We’re here to help.

Variable rate key pros

Flexibility

Features such as unlimited repayments and offset sub-account

Typically lower rates & less fees

Fixed rate key pros

Certainty

Protected from any rate increases

Allows you to budget when you know what your rate will be


Variable rate

Whether your property is too hard to maintain or you’re simply ready for a smaller home, there are things to consider before you make the move.

Variable rate

Whether you’ve grown in family size, want a taste of the country life or you’ve simply moved on from your first home, turning it into a rental property could be a favourable investment option.

Variable rate

Buying property can be incredibly daunting. Here are some tips for home buyers on mistakes to avoid making when buying a house in Australia.

Variable rate

Here are the things you should consider before buying a new home.

Variable rate

Wondering if you should buy off the plan? Here are some pros and cons of buying a property off-the-plan.

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loans.com.au. Saving Aussies thousands for 10 years.

For 10 years, we've been helping people into their dream homes and cars. Aussies have trusted our experienced & locally based team to support them with low home loan and car loan rates, approved quickly through our online app.

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