Money names the Best-Value Flexible Home Loans for 2021

Flexible-rate home loans are just that - mortgages that have rates that move up and down in response to the cash rate and market.

This year's winner in the major bank category is Adelaide Bank, part of the Bendigo and Adelaide Bank Group, with its Variable SmartFit Loan.

And it comes jampacked with features, including unlimited extra repayments with free online redraw, rate fixing anytime without a fee, no transaction or variation fees, and an offset account for $15 a month.

Customers can also opt for interest-only repayments up to five years. Additionally, they can make unlimited extra repayments through the life of the loan.

"We have made significant strides over the past 18 months in catering to increased demand by bolstering our distribution team, which allows us to better support even more brokers across the country. This has helped more customers access our brand - available exclusively through mortgage brokers," says Darren Kasehagen, Bendigo and Adelaide Bank's head of third-party banking.

"Our focus moving forward is to build on our banking services, including a new online banking platform and improvements in our card capabilities to allow customers easier and more flexible access to funds in their offset accounts."

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