Var.Para. -Term altered

The maximum loan available is ${amount} at a variable interest rate set 1.5% below the average standard variable home loan rate (benchmark) calculated monthly, but will not exceed 6.85% pa.  Normally, the loan would be repayable over the balance of the term of your existing loan (ie approx. {term- YEARS and MONTHS (include words)}).  In view of your financial circumstances, and as there is discretion in the Act to grant a longer term where appropriate, I have extended the repayment term of the additional advance to 25 years.