Wholesale funder raises variable interest rates

by AB16 Dec 2016
Advantedge Financial Services (Advantedge) is increasing its interest rates for all variable rate loans by 0.10% per annum.

The new rates will apply to all of Advantedge’s white label partners, and will come into effect from Tuesday 24 January 2017.

Brett Halliwell, general manager of Advantedge, said Advantedge remains committed to providing aggregators and brokers with the best possible products in Australia’s dynamic home loan market.

“Our white label products are simple, high-value and flexible, and continue to be highly competitive. This rate change is needed due to the challenging economic environment, increased regulatory requirements, and financial market conditions that we, and all lenders, are facing,” Halliwell said.

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