Standard Variable Loan June 23, 2015
These days few loans are written as Standard Variable Home Loans (SVHL). Many SVHL features are available via a Basic Variable Loan (BVL). BVL are up to 1.0% cheaper than SVHL. Many borrowers couple a Professional Package and a SVHL to reduce the interest rate down by up to 1.4%.
The SVHL certainly is fully featured, i.e. 100% offset and fee free redraw are features of SVHL.
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