offers new smart loan packages.

In a move to protect borrowers from the impending cycle of cash rate hikes, online lender launched a loan offer for both investors and owner occupiers – the  Smart Loan Package Special Offer with fixed special rates.

The package has two variations: one starts at 3.89% for a two-year fixed term, while the other offers a fixed rate of 3.99% for three years – both lower variable rates than most lenders in the market. These low headline rates are also available with principal & interest and interest-only repayments. managing director Marie Mortimer said this new offering shields borrowers from the expected rate rises on the horizon, which is due to the hike in funding costs.

"Funding costs for lenders have been rising steadily for six months but it seems that overnight the whole country has suddenly woken up and started talking about this and the higher home loan interest rates to come," she said.

Mortimer said that the product's main selling point is its simplicity, given that it is accessible to most borrowers who are looking to lock in their rates.

"This really is the time to act before rates go up and you are left with regrets for years to come. This is the no regrets fix for your home loan," she said.

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