The Variable home loan is aimed at those looking for greater flexibility with their loan. The Variable account comes with a 100% offset account which allows for additional lump sum payments and higher loan repayments. This loan is perfect for those looking for greater flexibility within their lives.

Maximum Loan Amount Single Security: $2,500,000
Loan to Value Ratio (LVR) Up to 95%
Loan Term Up to 30 Years
Loan Options Principal and Interest loans (P&I) and Interest Only
Credit History Clear Credit History
Lenders Mortgage Insurance Payable when borrowing greater than 80% Loan to Value Ratio (LVR)
Loan Purpose Purchase or refinance of an owner occupied property
Cash Out Up to 80% Loan to Value Ratio (LVR)
Equity 5% genuine savings
Acceptable Securities Categories 1&2
Residential properties up to 25 acres
Residential properties greater than 50sqm
(excluding balcony and parking)
Split Loans Available. Up to 4 splits
Redraw Available
Offset Available
Repayment Frequency Weekly, fortnightly or monthly repayments
Voluntary Repayments Extra repayments may be made at any time without penalty
Transaction Fees Unlimited free internet & Phone banking transactions are available on your offset account.
Free Transactions for Online banking transfers, Phone Banking transfers, BPay and direct debits.
Application Fee $385
Valuation Fee $154 or at cost
Solicitors Fee $330 or at cost
Yearly Fee $0
3rd party solicitor costs at cost
3rd party government costs at cost
Loan Account Variation Fee $250
Loan Facility Variation Fee $450 plus Third Party Costs*
Settlement Cancellation Fee $330
Manually Redraw $25
Ad Hoc Statement Fee $15
Discharge Administration Fee $795 plus Third Party Costs*
Target Market Determination – Variable Product View
Target Market Determination – Visa Debit Card View
Terms and Conditions – Visa Debit Card View

* Third Party Costs are costs incurred by services providers external to Freedom Lend and will vary depending on the nature of the service and request. These costs are passed on directly to the applicants.

The comparison rates are based on a secured loan of $150,000 over the term of 25 years. WARNING: Comparison rates provided are only given as an example. Your situation may have different amounts and terms which will result in different comparison rates. Please give Freedom Lend a call if you would like to get a clear understanding of your fees and costs.

This information is provided by Freedom Lend Australian Credit Licence 498325 and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you.

Interest rates may change at any time. The applicable interest rate will be the rate on the day of settlement for new loans or the day of processing for variations to existing loans. Lending criteria, fees and T&Cs apply.