However, it does offer lower interest rates than a standard variable home loan. Basic variable home loans are usually quite popular with first home owners who don’t need all the features of a standard variable home loan, but want a competitive interest rate.
Please use our home loan calculators to get an idea on your borrowing capacity, monthly loan repayments and stamp duty fees. Alternatively, speak to one of the mortgage brokers at Intellichoice on 1300 55 10 45 for more information about our various home loan products and whether a basic variable home loan is suitable for your needs. With access to over 800 home loan products and 35 mortgage lenders, our mortgage brokers will find a home loan to suit your needs.