Heritage Bank, IMB adjust rates

Font size :
Non major lenders Heritage Bank and IMB have adjusted their interest and comparison rates.

Heritage Bank decreased its interest rate for both its “Discount Variable – Special Rate” package and “Standard Variable – Special Rate” to 4.39% and 4.69%, respectively. The interest rates were previously at 4.69% and 4.99%. They now fall under the comparison rates of 4.40% and 4.76%, respectively. 

Other home loan comparison rates are as follows:
 
Loan type New comparison rate Previous comparison rate
1-year fixed 4.78% 5.05%
2-years fixed 4.81% 5.05%
3-years fixed 4.85% 5.07%
5-years fixed 4.92% 5.10%
Discount variable 5.00% 5.04%
Standard variable 5.71% 5.71%
 
Meanwhile, IMB has also lowered a couple of interest rates for its Platinum Package Variable Home Loans.

Loans amounting to less than 80% of the property value now have 4.66% interest rates from 4.86%. The comparison rate is also down from 5.25% to 5.05%.

Another decrease was placed for loans less than 90% of the property value, with a new interest rate of 4.86% from 5.11%. The comparison rate dips to 5.25% from 5.49%.

However, IMB has its interest rate for loans greater than 90% of the property value from 4.66% to 5.11%. The comparison rate has also increased to 5.49% from 5.05%. 

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

CBA unveils new repayment simulator CBA unveils new repayment simulator

The simulator will show customers the differences between different types of repayments Read more

How to tell when a housing market is cooling How to tell when a housing market is cooling You need to check clearance rates, listings, and the price gap, among other factors ... Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

More mortgage news and articles

Sponsored Links

Tuesday, Sep 26, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords