Lender extends special offer

Given customer response has "exceeded expectations", discount cut-off has been indefinitely postponed

Lender extends special offer


By Madison Utley

In early December, a non-bank mortgage provider announced the details of a special discount scheduled to run for the remainder of the month, ending the year “with a bang”.

According to Resimac GM of distribution, Daniel Carde, the customer response to the offer “exceeded expectations” and has led to the lender extending its availability.

As such, eligible borrowers are still able to access the 0.07% p.a. discount on Resimac Prime full-doc variable loans above $500,000.

The discount will stand until further notice and applies to new applications for both owner occupier and investment loans, as well as for both P&I and interest-only repayments.

“We’ve been delighted with the uptake since launching this offer and are pleased to be able to continue to [provide] loans under 3%,” said Carde.  

“We are committed to driving real competition in the Australian mortgage market and supporting our business partners by providing compelling solutions for their clients, from low-rate Resimac Prime loans to the flexible Resimac Specialist range.”

The offer lowers the headline rate for prime full-doc loans to 2.99% p.a. (comparison rate 3.34% p.a.) for owner-occupier P&I.

Under the discounted pricing, investment loans are available from 3.24% p.a. (comparison rate 3.59% p.a.) and interest-only loans from 3.19% p.a. (comparison rate 3.42% p.a.) – for loans above the $500,000 mark.

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