Mortgage manager trims variable rates

by Julia Corderoy24 Mar 2015
Mortgage manager, Nationalcorp Home Loans has announced interest rate cuts on a range of variable rate home loans.

Interest rates have been dropped by 0.18% on a range of its basic variable loan products funded by Adelaide Bank

The mortgage manager’s Basic Balanced Variable Term Loan has been trimmed to 4.83%. However, for the Basic Balanced Variable Term Loan with an LVR of less than 70%, the rate has been dropped even lower, to 4.53%. All Basic Balanced Variable Term Loans also come with a 100% offset account. Further, the Basic Balanced Variable Line of Credit has been cut to 4.93%.

Rates changes are for new business only and are effective as of Thursday 26 March 2015.

Nationalcorp Home Loans is part of Barry Parker’s group of companies, which also consists of Australian Capital Home Loans, Australian Capital Financial Planning, Australian Capital Property and Broker Alliance Insurance Services.
 

COMMENTS

  • by Alex 24/03/2015 9:05:17 AM

    Why is this news? The rates aren't very attractive.