Basic Variable Rate Home Loan

Basic variable loans typically offer lower interest rates and fewer features than the standard variable loans. You often have the option to pay for any additional feature required. Interest rates and repayments will vary throughout the loan term.

Advantages

  • Relatively low interest rate
  • Lower repayments
  • Extra repayments allowed
  • Redraw facility often provided

Disadvantages

  • Many of these loans do not have the same features or flexibility as other variable loans
  • Generally don’t have an offset account

Complimentary obligation free consultation

Discuss your specific needs & figure out the best financing route for you. Get in touch to organise your complimentary 60 min session today!

What’s involved in obtaining a loan through Intuitive Finance?

Process begins

Step 1

1 hour initial meet to establish financial and lifestyle goals, discuss fact find document and agree timeline for return of such

Step 2

Submission of fact find

Step 3

Within 5 days of completion of fact find – written strategy submitted to you

Step 4

Within 2 days of agreement to proceed – documents lodged with Institution

Step 5

Within 1 to 3 days of lodgement expect conditional approval

Step 6

Within 2 to 4 days after conditional approval expect unconditional (full) approval

Step 7

Within 2 to 5 days after unconditional approval, expect loan documents to arrive

Step 8

Within 3 to 5 days of signed Loan Documents submitted, expect Loan settlement
Process ends
Total process generally takes between 4 and 8 weeks

Property Buying Tips And Handy Hints To Successfully Manage Your Finances

Download this handy guide that the team at Intuitive Finance has put together for you.

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