I took out a home loan in August 2008. The loan was on a standard variable rate. Looking today I noticed that I am now paying 0.19% more than what the same product is advertising it's 'standard variable rate' as. I phoned my lender to question why I was paying above the advertised rate now and basically got told that the standard variable rate is not the same now as what it was when I took out my loan, I get that, that is why it's variable. However the guy I was speaking to could not get where I was coming from. Does this make sense to anyone?? I would have thought that on a given product where you have chosen the option of the variable rate then that is exactly what you get, what the bank/lender's variable rate is on that product at any given time? What am I missing?