Standard variable rate

Standard Variable Rate loans are Australia’s most common loan product, offering flexibility and optional features. This type of loan allows to you make additional repayments when you feel comfortable to do so and redraw them as you please. Under this type of loan, your monthly will be dependent upon the cash rate which is released on the first Tuesday of every month by the Reserve Bank of Australia. Further, if the cash rate rises or falls, so does your monthly repayments.


Interest rates are affected by the fluctuations of the RBA’s cash rate. That is, if the interest rates fall, so to do your mortgage repayments, and vice versa.