Non-major drops investor rates

by Julia Corderoy24 Jun 2016
Non-major lender Auswide Bank has decreased interest rates for investors.

The bank has announced a rate reduction on its two and three-year fixed rate home loans to 4.19%, as well as cut its discount package variable rates to 4.29%.

The rates apply to new investment home loans of $150,000 or more and are available for LVRs up to 90%.

“Our investment home loans include features such as 100% offset account and online redraw, even on these low fixed rate offers,” managing director, Martin Barrett said.

Earlier this year Auswide Bank celebrated is 50th birthday, also marking 12 months since the company rebranded from Wide Bay Australia to Auswide Bank.