A standard loan offers more features than a basic loan with perhaps a slightly higher interest rate or an annual or monthly fee. You can usually pay more than the minimum each month (allowing you to pay off the loan faster) and you could be able to redraw any extra money you have paid. Standard loans can also be 'interest only' for your investments.

Standard loans are the basis of many discount packages and can be combined with other loan types.

Standard loans can often effectively be combined with an offset account to provide and all in one banking package.

Fixed interest rate loans also fall under this category – see more about fixed rate home loans here.

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