A non-bank lender has dropped 100 basis points from its rates, which is the latest development in an intense war on rate cutting.
Home Loans announced yesterday it will drop 100 basis points for new customers.
The new rate of 7.24% is available to ‘Pepper
Easy’ applicants with an LVR up to 65%, it said.
The product is also now available as a full-doc loan with unlimited cash out for ‘stated purposes’ it said, with an LVR of up to 80%.