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V_W
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Variable Rate Home Loan and premium select home loan

Posted by V_W V_W
Message 1 of 2 758 Views

Is Variable Rate Home Loan the same as premium select home loan?

Why their interest rate is different? Variable Rate Home Loan is 4.09% and premium select is 4.52%.

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Re: Variable Rate Home Loan and premium select home loan

Posted by DanaeC DanaeC
Message 2 of 2 746 Views

Hi @V_W, thanks for your enquiry.

 

The Premium Select Home Loan is listed as a "Variable Rate Home Loan" on our website - you're correct. Whilst the Premium Select Home Loan does have a variable interest rate, there are a number of factors to consider with regards to different rates. For example, whether the property is going to be lived in or for an investment purpose; or if the property value is more than/less than 80%.

We won't be able to view your account(s) via the Forum, though you're most welcome to give us a call if you'd like to review your current rate. The team are available between 7.30am - 5.00pm AWST Monday - Friday on 13 17 19.

 

Thank you.

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