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Prudent Saver


RateCity has identified three types of savers that have a variable home loan. The first is a prudent saver who makes the same higher repayments after interest rates drop. It is a wise strategy to be a prudent saver because when interest rates rise again the prudent saver will not be impacted by the higher repayments. This is because the prudent saver is already paying an even higher rate each month.

Also, by the time interest rates are on the rise once again, the prudent saver would have reduced their loan debt therefore making their repayments drop. If you take up the prudent saver strategy you can potentially save over $100,000 off your home loan and reduce the loan size by years, depending on the extra amount you add each month.

The table below displays todaya??s best home loans offered by banks.

Related Products

Company Product AAPR Rate Maximum Loan Amount Minimum Loan Amount Ongoing Fee Rate Type Upfront Fee Apply
ANZ ANZ Standard Variable 7.41 699999.99 20000 5/m VARIABLE 760 Go to Site
Commonwealth Bank Commonwealth Bank Standard Variable Loan 7.36 999999999 10000 8/m VARIABLE 1100 Go to Site
St George Bank St George Bank Standard Variable 7.43 999999999 10000 10/m VARIABLE 1200 Go to Site
St George Bank St George Bank Basic Variable Loan 6.85 1000000 30000 Nil VARIABLE 1100 Go to Site
St George Bank St George Bank Inv Basic Variable Loan 6.85 1000000 30000 Nil VARIABLE 1100 Go to Site
nab nab Base Var Rate Discount2 6.74 999999999 20000 Nil VARIABLE 750 Go to Site
nab nab Base Var Rate Discount1 6.74 999999999 20000 Nil VARIABLE 750 Go to Site
nab nab Base Var Rate Home Loan 7.03 999999999 20000 Nil VARIABLE 750 Go to Site
nab nab Inv Base Var Rate Disc2 6.74 999999999 20000 Nil VARIABLE 750 Go to Site
nab nab Tailored Home Loan Var 7.24 999999999 20000 8/m VARIABLE 750 Go to Site
nab nab Inv Base Var Rate HL 7.03 999999999 20000 Nil VARIABLE 750 Go to Site


This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about home loans from multiple financial institutions. We will try to show you a range of products in response to your request for information. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a home loan , you will deal directly with a financial institution, and not with RateCity.