Advantedge Financial Services (Advantedge) has just announced reductions to its three, four and five-year fixed rate terms, offering a market-leading fixed rate from 4.99% for a three year loan.
Advantedge has also unveiled a rate from 5.31% on a four-year loan and reduced its five-year terms by a further -20 basis points, from 5.37%.
The new rates are available exclusively through Advantedge’s home brand fixed rate product suite under PLAN Lending, FASTLend and ChoiceLend and are effective from today.
This latest reductions to its fixed rates follows the lender’s move earlier this year in reducing its one and two-year fixed rate to a market-low rate from 4.79%. The above rates are available only using a combination of product options and loan features.
Brett Halliwell, general manager of Advantedge distribution, says the rate reductions reflect Advantedge’s commitment to providing their brokers with one of the most competitive and market leading offers.
“The home brand products under the FAST, Choice and PLAN aggregation platforms have once again cemented their leadership position by offering some of the most competitive standard fixed rates across all of its fixed rate terms. It’s been a long time since we have experienced such a strong uptake of fixed rated loans, which now represent around 25% of applications received and settled. This is up from a low point of 10% in the past twelve months,” says Halliwell.
“We are focused and committed to helping our brokers grow their businesses. The reductions we’ve made to our fixed loan rates provide brokers across FAST, PLAN and Choice the flexibility and freedom to offer their customers some of the most competitive products in the market.”