Basic Variable Home Loans - No Extras!

One of the most popular loans, the Basic Loan has the lowest running costs - and less extras - so you pay a lower interest rate. Before you choose this loan make sure that you don't need any extras (such as fee free credit cards and accounts etc) and compare the costs of getting them separately.

Pros:

  Usually have a low interest rate
  Repayments are also lower

Cons:

  Other facilities such as loan redraw may not be available or come at a cost   The interest rate is variable and you are vulnerable to interest rate fluctuation