La Trobe Financial Standard Variable

The Standard Variable Loan offered by La Trobe Financial is a foundation product in its line. Many of the fixed rate or other packaged loans will revert to or incorporate this type of loan. It does have the potential to offer borrowers lower interest rates than are available with fixed rate loans. At the same time, the rates could go up to, making your payments higher.

The Variable Rate Loan is available to anyone who meets the requirement of La Trobe Financial. It is a comprehensive product with several key features that make this loan a more flexible option for first time buyers and veteran borrowers alike.

KEY BENEFITS

Read below to learn more about the key benefits of the La Trobe Financial Standard Variable Rate Loan.

Interest Only Terms

You can use this to pay ahead on the interest on the principal so you can pay the loan off faster. The term may be used up to five years before it expires.

Interest Offset

A partial offset feature is available with the Standard Variable home loan. Plus, an attached cash management account is available.

Extra Repayment Option

You have the ability to make unlimited extra payments on the mortgage balance. It is only the fixed rate that puts a $10,000 limit on this feature.

Redraw

The minimum you can redraw from your loan account is $1,000. You can use this money to pay for other bills or personal purchases.

Flexible Payments

Borrowers have the flexibility to pay their loan installments on a weekly, fortnightly, or monthly basis.