More lenders have slashed rates in the wake of the RBA
's surprise cash rate cut this month.
has cut interest rates across its one, two, three and five year fixed stand alone, fixed package and interest in advance products.
Head of Intermediaries Steven Degetto said the Bank’s ability to offer customers industry leading rates result from its diversified funding profile.
“We have reduced the interest rates across our suite of fixed packages to provide customers the flexibility to access highly competitive rates for their preferred term,” Mr Degetto said.
“Interest rates are at a generational low, making it a good time for those looking to enter the property market for the first time or upgrading their current home.”
Their package product for new loans offer a one, two or three year fixed interest rate of 4.39%p.a with less than 90 per cent loan to value ratio.
“Last year, our Home Package Plus product was one of the country’s most awarded home loan packages,” Mr Degetto said.
“To receive multiple industry endorsements really highlights our commitment to offering customers a flexible home loan package, which is not only great value but has a range of other benefits too, like our unique subsidiary account structure on our offset account.”
Nationalcorp Home Loans has also cut its variable rates by 0.25 per cent across its three funders; Adelaide Bank, Resimac
Their fixed rates will be re-assessed this week.
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