Wholesale funder announces rate cut, new offer

by AB08 May 2015
Advantedge has announced a 20 basis point reduction to its variable rates on PLAN Lending, ChoiceLend and FASTLend products, to further strengthen its strong market position on price.

The reduction will see Advantedge’s lowest available variable rate fall to 4.28%, effective Friday 15th May 2015.

Further, the wholesale funder has also announced an additional 15 basis point reduction for new full-doc owner-occupier variable rate term loans with an LVR of 80% or less. The discounted rates will be available until 31 July 2015, with discounted rates starting from just 4.13%.

The announcement follows a series of price reductions across Advantedge products in 2015 to discount rates for new full-doc variable rate loans.

“Our special offer is intended to provide owner occupiers with additional price benefits, over and above our already competitive rates,” Brett Halliwell, general manager of Advantedge Distribution said.

“We remain committed to delivering highly competitive white label products to our broker partners, and will continue to deliver market-leading products for the broker channel.”