No Frills Loans

A basic or "no frills" home loan has three main features:

• A low ongoing interest rate for the life of the loan
• The flexibility to make extra repayments at any time and repay your loan early
• Redraw access to additional repayments

Restrictions may apply on some options such as direct salary crediting and 100% Offset Savings Accounts.

You can choose to pay weekly, fortnightly or monthly.

Basic Home Loans offergood value for money if you are on a limited budget with little spare cash and do not need the extra features or flexibility that other types of home loans may offer.

• A Basic Variable Home Loan has the lowest ongoing rate of interest but has few options compared with a Standard Variable Loan.
• A Standard Variable Home Loan has a slightly higher interest rate than a Basic Variable, but has more options such as allowing higher repayments to be made with the benefit of a redraw facility should you wish to later draw back out those extra payments. A Standard Variable loan may also have a linked Interest Saver / Offset account attached.

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Contact us without obligation to find out more about standard home loans.