AIMS Home Loans has received a mortgage industry award for its basic variable home loan product, AIMS Super Rate.
The loan achieved a five-star rating from financial services research group Cannex in its mortgage product survey.
A five-star rating denotes superior value for borrowers, taking into account the product benefits and features as well as interest rates
, fees and other costs.
The AIMS Super Rate offers a low interest rate of 6.44% pa with no ongoing fees. Customers can borrow up to 80% of the value of the property they wish to purchase.
Greg Stevens, AIMS Home Loans general manager for servicing and marketing, said: "Our fantastic showing in the latest survey is a recognition of our continuing efforts to improve the features of our products, especially for the AIMS Super Rate, which has been enhanced to include redraws, additional repayments and availability for residential investment property."
More than 2,000 products from over 140 institutions Australia-wide were reviewed in the survey.
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