All in one loan/ 100% Offset facility
A loan, generally variable, that allows you to deposit all of your income into the loan account and then withdraw money from the account for all of your day to day purchases and transactions. The longer spare funds stay in the account, the greater the interest savings.

Basic Variable
A variable home Loan at a reduced rate but generally fewer features than a standard variable.

Capped/Controlled rate
A loan where the interest rate is not allowed to exceed a set level for a period of time but, unlike fixed rate loans, is allowed to drop to a predetermined level.

Combination Loans
You may choose to have a portion variable, fixed or even a line of credit. Also known as split loans.

Fixed Interest
An interest rate set for an agreed term.

Interest Only
Usually a short term arrangement whereby payments are made on the interest only, not the principal.

Introductory/Honeymoon Loans
A loan is offered at a reduced rate for an introductory period (usually no longer than 15 months) to new borrowers.

Line Of Credit
A flexible loan arrangement with a specified ceiling to be used at a customer's discretion.

Standard Variable
A variable home loan, usually with comprehensive features (as opposed to a basic variable). This is often the variable rate fixed rates roll to at the end of their term.

Variable Interest Rate
A rate that varies in accordance with the rates in the marketplace.