In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Variable interest rate
A variable interest rate is where the rate can fluctuate over time, it means the borrower’s monthly repayments can vary throughout the life of the loan.
With a variable interest rate, you can access any repayments you’ve made above the minimum required repayments. You could use your redraw to help pay for things like renovations, holidays or a new car.
Everyone’s different when it comes to personal loans, so you might want to think about what will suit your financial situation and weigh up your priorities – do you want predictability or flexibility? Either way, there’s an option for you.
A variable rate, or variable interest rate, is the amount charged to a borrower for a variable-rate loan, such as a mortgage. A variable rate is usually expressed as an annual percentage and fluctuates in tandem with a rate index.
Learn MoreA main benefit includes the flexibility of the loan. Alternatively, a loan with a fixed interest rate has more restrictive and limited features.
Learn MoreThe most significant disadvantage of variable-rate loans is their unpredictable nature. In terms of interest rates, it is nearly impossible to predict the future. While you might get lucky and benefit from lower current market rates, it's also possible that you'll end up paying more in interest.
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