Non-bank slashes variable rates - again

by AB20 May 2013

Following the recent RBA reduction of 0.25%, RESIMAC Financial Services have announced a further 0.20%pa promotional discount for new business on selected products from its PRIME range.

RESIMAC chief operating officer, Allan Savins, says the additional rate cuts reflect the company’s continued commitment to change, evolve and grow.

RESIMAC continues to support our growing distribution network, not only with our unique product suite, but also with competitively priced loans. These discounts in our Prime suite come off the back of our announcement earlier this month, which saw 0.50%pa slashed off our full range of Specialist Lending products. Not only are our specialist products recognised as Australia’s best, they are now priced to capture the attention of all brokers.”

RESIMAC recently re-launched its retail business, offering an expanded range of full service Prime and Specialist Lending products, including options for the SME, SMSF, and PAYG borrower segments.

RESIMAC is on the record as saying it continues to have a 'large appetite' for new business.

The promotional rate cut offer of 0.20%pa is available for new business across selected prime products, received between now and 30 September 2013 inclusive.