Bank is reducing the interest rate on its two year fixed rate home loan from Wednesday.
On its Home Package Plus loan, two year fixed interest rates
with LVR of 90% or less (including LMI) will be dropped 0.05% to 4.80% per annum, while the standalone rate will drop to 4.95% per annum.
Its two year rate with LVR of more than 90% will be 5.10% per annum, also down 0.05%. The standalone rate will be 5.10% per annum.
The comparison rate is 5.72% per annum and 5.78% per annum respectively.
made cuts to the same loan package at the start of February on fixed rate lending of 80% LVR and below.
to find out how much you can save using Your Mortgage’s home loan calculator.
It can be confusing to know whether to get a variable rate or fixed rate mortgage, and what features are important. That's why it's important to not only check the right rates, but make sure that you're getting the right features in your home loan. Get help choosing the right home loan