Mortgage manager Nationalcorp has followed the recent rate cut trend, as it has slashed rates for some of its variable rate home loans.
Nationalcorp Home Loans dropped its rates by 0.18% on a range of its basic variable loan products funded by Adelaide Bank.
The company’s Basic Balanced Variable Term Loan is now at 4.83%. Further cuts were made as well for the Basic Balanced Variable Term Loan with an LVR of less than 70%, which is now sitting at 4.53%. Meanwhile, the Basic Balanced Variable Line of Credit has also dipped to 4.93%.
The lender said all Basic Balanced Variable Term Loans also come with a 100% offset account, with new rates effective on 26 March for new businesses only.
Nationalcorp Home Loans belongs to Barry Parker’s group of companies. The group also includes Australian Capital Home Loans, Australian Capital Financial Planning, Australian Capital Property and Broker Alliance Insurance Services.