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An expression used for those who are too busy (or lazy) to shop around for a better deal on loans, utilities and insurance. Customers who haven’t reviewed their product for some years might find their discount or fixed rate term expired and the loan reverted to the standard variable rate (typically a very high rate). Being a client of Feather Loans means you’ll avoid paying the lazy tax, because we constantly review your product. We ensure you have the best product and rate possible, always.
Being on the SVR is also known as paying the ‘Lazy Tax’, whereby no discounts are offered.
