Home News Homeloans updates variable interest rates

Homeloans updates variable interest rates

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Non-bank lender Homeloans has updated its variable interest rates roster, particularly its standard full doc and lo doc home loans, as well as standard (full doc) line of credit loans.
 
Except for the Homeloans Ultra Plus (>80 per cent LVR) and Homeloans Ultra (>80 per cent LVR), the other standard full doc home loans have seen decreases in rates.
 
Below are all of the updated rates as of Monday:
 
Standard (full doc) home loans: Variable rates
≤ 80% LVR* > 80% LVR
Home loan New interest rate Old interest rate New interest rate Old interest rate
Homeloans Ultra Plus 4.46% 4.74% 4.89% 4.84%
Homeloans Ultra 4.79% 4.89% 5.04% 4.99%
 
Lo Doc home loans: Variable rates
≤ 60% LVR* > 60% LVR
Home loan New interest rate Old interest rate New interest rate Old interest rate
Homeloans Ultra Plus Lo Doc 5.49% 5.39% 5.74% 4.84%
Homeloans Ultra Lo Doc 5.64% 5.54% 5.89% 5.79%
 
Standard (full doc) home loans Line of Credit: Variable rates
≤ 80% LVR* > 80% LVR
Home loan New interest rate Old interest rate New interest rate Old interest rate
Homeloans Ultra Plus Line of Credit 4.74% 4.84% 4.99% 4.94%
Homeloans Ultra Line of Credit 4.89% 4.99% 5.14% 5.09%
 
 
 

 

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

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