Standard Variable Rate
Standard Variable Rate
Standard Variable Rate
This is loan repayment type is the most common and refers to the rate of interest being charged by the lender. The rate can be changed by the lender at any time and under any circumstances. It is not linked to movements in the Reserve Bank cash rate although changes can trigger a lender to make changes to their standard variable rates.
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Credit Representative Number 455207 of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit License Number 391237).