Standard Variable Rate Home Loans

Freedom, Flexibility & Control
Over Your Mortgage

Buying a home is one of life's biggest milestones — and your home loan should support your lifestyle, not restrict it. A Standard Variable Rate Home Loan gives you the flexibility to adjust, adapt, and stay in control as your financial journey evolves.

UnlimitedExtra repayments — no penalty
RBARate linked to cash rate movements
OffsetAccount available on standard variable
FlexibleSwitch to fixed any time
Loan types

Primary types of variable loans

Variable loans come in two main flavours. Understanding the difference helps you choose the right product for your situation.

Lowest rate

Basic variable loan

Best for

First-time buyers or those focused solely on the lowest possible repayment.

Key benefit

Lower ongoing fees and competitive 'headline' rates.

Competitive variable interest rate
Lower ongoing fees
Basic extra repayments
No offset account
Limited or no redraw
Fewer lender tools
Most popularMost popular

Standard variable loan

Best for

Established homeowners and investors who want full control over their debt.

Key benefit

High flexibility to manage your money and reduce interest over time.

Offset accounts available
Redraw facility included
Unlimited extra repayments
Package discounts available
Why choose variable

Why many Australians choose variable loans

Unlike fixed loans, variable rates can move up or down with the market. While that may sound unpredictable, it often comes with powerful features that help you pay off your home faster.

Freedom to pay off faster

Variable rate loans usually allow unlimited extra repayments without penalty — helping you reduce interest and own your home sooner.

Smart money management features

Many variable loans include offset accounts and redraw facilities — tools that significantly reduce interest while keeping your savings accessible.

Benefit when rates drop

If interest rates decrease, your repayments could decrease too — potentially saving you thousands over the life of your loan.

This loan is perfect if you

Want flexibility in repayments
Plan to make additional repayments
Like having access to advanced loan features
Are comfortable with small changes in repayment amounts
Smart borrowing

The comparison rate & power of negotiation

There are two critical things most borrowers miss when choosing a variable loan — the comparison rate and discretionary pricing.

The comparison rate — look beyond the headline

The variable "headline rate" is the interest you pay, but the Comparison Rate includes the "hidden" costs like annual fees, valuation fees, and monthly service charges.

Reality: Some lenders offer a "Basic Variable" with a very low headline rate but no offset. Others offer a "Pro Pack" with a higher rate but features that save you more in the long run. We help you run the math on which is cheaper for your specific loan size.

Pricing discretion — the power of negotiation

Unlike fixed rates, variable rates are often negotiable. If you have a high amount of equity in your home (an LVR of 60% or less), lenders are often willing to offer "below-market" rates to keep your business.

As your broker, we use our software to see exactly what "discretionary discounts" each bank is currently authorised to give — and we negotiate on your behalf.

Interactive tool

See how rate changes affect your repayments

Variable rates move with the market. Use this calculator to see exactly what a rate rise or cut means for your monthly repayments and total interest paid.

Rate change impact calculator

Loan amount$600,000
Current interest rate6.2% p.a.
Rate change scenario-0.50%
Loan term30 years

Rate impact summary

Current rate

6.2%

$3,675/mo

New rate

5.7%

$3,482/mo

Monthly repayment change$192/mo
Annual repayment change−$2,309/yr
Total interest change (life of loan)−$69,268

✓ A 0.50% rate cut saves you $192 every month.

Lender panel

Lenders we work with

We compare variable rate products across the full spectrum of Australian lenders — from the Big 4 to specialist non-banks — to find the best rate and features for your situation.

Major banks (Big 4)

Commonwealth Bank (CBA)WestpacNAB (National Australia Bank)ANZ

Second-tier & regional

Macquarie BankINGSuncorp BankSt.George BankBankSABank of MelbourneBankwestBendigo BankBank of Queensland (BOQ)Great Southern BankAMP BankMyState Bank

Customer-owned & mutual

ubankPeople First BankBeyond BankIMB BankTeachers Mutual BankBank AustraliaHorizon Bank

Specialist & non-bank

Liberty FinancialPepper MoneyLa Trobe FinancialFirstmacResimacRedZedPacific Mortgage Group

How Kubaer Finance supports you

We donot just compare interest rates. We design loan strategies that fit your goals, lifestyle, and long-term financial plans — ensuring your mortgage works with your future, not against it.

FAQs

Common questions

Everything borrowers ask about standard variable rate home loans in Australia.

What exactly is a variable interest rate?
How often do variable rates change?
Can I make extra repayments on a variable loan?
What is an offset account?
What is a redraw facility?
Will my repayments go down if interest rates drop?
Are there different 'levels' of variable loans?
Can I switch from a variable to a fixed rate later?
Is there a limit to how high variable rates can go?
Who is a variable rate loan best suited for?

Ready to Buy Your Property?

Whether you are purchasing your first home or upgrading to your dream property, we are here to guide you at every step. Enjoy a smooth and transparent loan experience tailored to your goals.