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Featuring competitive interest rates, low fees and minimal features, Sydney Mutual Bank's Basic Variable Rate Home Loan is a simple alternative to feature-filled home loans or packages. With features like a redraw facility and a discount off the standard variable rate, this is a competitive basic home loan.
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Review by
Jodie Humphries was a social media manager, producer and writer at Finder.
The Sydney Mutual Bank Basic Variable Rate Home Loan is suitable for people buying their own home for loan amounts above $20,000. The Sydney Mutual Bank Basic Variable Rate Home Loan also offers a competitive variable rate that is discounted off the standard variable rate, and a redraw facility.
There are no ongoing fees with this home loan. Below is a list of the fees that are attached to this loan:
In order to qualify for a loan you will need to be at least 18 years of age and a permanent Australian resident. You will also need to supply:
The Sydney Mutual Bank Basic Variable Rate Home Loan offers all the basic features you need in a home loan without the ones you don't always want and comes with low fees and a competitive variable rate.