Information about Australian lenders' standard variable interest rates.
The following table shows the current standard variable interest rates for the major Australian lenders.
The table will be updated any time a lender changes their standard variable rate. Make sure to check back to see if your lender has moved in line with the market.
Compare lenders standard variable rates
Discounted variable rates
While the table above gives a good indication of the base variable rates for a variety of lenders, in all likelihood you'll find yourself paying much less than the advertised standard variable rate. This is because most lenders offer discounts off their standard variable rates. For instance, while Commonwealth Bank's current standard variable rate is 5.37%, the bank's variable rate Extra Home Loan currently carries a rate of 3.89%.
In addition to discounted rates, many lenders also offer introductory variable rates. These loans, often called "honeymoon rates", offer a set discount off the lender's standard variable rate for a set period of time, often 1-2 years. It's important to note, though, that once this period is over the home loan will often revert to the lender's standard variable rate.