Major franchise offers fixed rate loans from 4.89%

by AB14 May 2013

Aussie has announced cuts to its own brand fixed rate product, which, the company claims, makes an Aussie home loan  the most competitively priced on the market for two and three-year fixed terms.  

The group dropped its two-year fixed rate by 0.40%  to 4.89% p.a and its three-year fixed rate by 0.30% to 4.99% p.a,  effective now.  

Aussie also says it will drop its variable rate for new customers to  5.15% from Wednesday, May 15.

Aussie founder and chairman, John Symond, says competition between lenders for ‘a slice of the home loan pie’ is getting stronger, with rates becoming far more competitive than they have been for some time.

Aussie is throwing down the gauntlet to the major lenders and I’m confident consumers will find there is nothing lower than our two and three year fixed rates on the market,” says Symond.

“It is a good time to consider fixing your loan if you are someone who wants certainty on repayment amounts month to month, but equally there are some great deals to be found on variable rates too, so there’s definitely a great choice and variety out there.”

Both the fixed and variable rate cuts come just days after Aussie announced it was passing on the full Reserve Bank Rate cut of 0.25% p.a.

FIXED RATE COMPARISON TABLE

 

1 Year

2 years

3 years

4 years

5 years

CBA Package

5.19%

4.99%

5.29%

5.64%

5.69%

NAB

5.09%

4.99%

5.29%

5.64%

5.55%

WBC

5.24%

5.29%

5.29%

5.69%

5.69%

ANZ

5.19%

5.29%

5.29%

5.64%

5.84%

SGB

5.15%

4.99%

5.29%

5.64%

5.69%

BOM

5.15%

4.99%

5.29%

5.64%

5.69%

BOQ

4.99%

5.19%

5.29%

5.59%

5.69%

Aussie

4.95%

4.89%

4.99%

5.49%

5.49%

Suncorp

5.30%

5.34%

5.40%

 

5.85%

BankWest

5.39%

4.99%

5.19%

5.64%

5.49%

ING

5.19%

4.99%

5.09%

5.39%

5.39%

RAMS

4.99%

5.25%

5.29%

5.64%

5.69%

Newcastle Permanent

4.98%

4.98%

5.28%

5.64%

5.69%

Bendigo

5.19%

5.29%

5.44%

5.74%

5.79%

 

*Source: Aussie Home Loans

COMMENTS

  • by Ian 14/05/2013 10:59:44 AM

    This table is inaccurate/out of date.

    What about Citibank, they have had a 2 year rate at 4.89% (with free rate lock) for several weeks.

  • by Brent Davidson 14/05/2013 1:36:12 PM

    The fixed rates offered by PLAN Lending, FASTLend and ChoiceLend to brokers under the PLAN, FAST and Choice aggregation platforms beat all of the Aussie rates. Advantedge’s fixed rates start from 1 year 4.79%, 2 year 4.79%, 3 year 4.99%, 4 year 5.31% and 5 year 5.37%. Consumers CAN find cheaper rates us!

  • by Brent Davidson 14/05/2013 4:05:45 PM

    The fixed rates offered by PLAN Lending, FASTLend and ChoiceLend to brokers under the PLAN, FAST and Choice aggregation platforms beat all of the Aussie rates. Advantedge’s fixed rates start from 1 year 4.79%, 2 year 4.79%, 3 year 4.99%, 4 year 5.31% and 5 year 5.37%. Consumers CAN find cheaper rates us!