As competition between lenders intensifies, Macquarie Bank has waived its loan documentation fee and announced a limited time fixed rate special.
Effective from last Friday, Macquarie has reduced its two and three-year investment fixed rates to 4.09%. This applies to principal and interest investment loans with an LVR of 80% or less.
For interest-only investment loans with an LVR of 80% or less, the two and three-year fixed rate has been reduced to 4.24%.
Macquarie joins a number of lenders who have announced fixed rate reductions in recent months, including CUA, ME,NAB, Suncorp St George, ING and Advantedge.
Banks are again competition heavily for a bigger slice of the home loan pie, after the Reserve Bank lowered the cash rate to its historical low of 1.75% in May and their appetite for investment lending has increased following the widespread crackdown to obey APRA’s 10% annual growth cap.
In addition, Macquarie announced it will continue to waive up to $363 of the loan documentation fee payable on its standard home loans, irrespective of loan purpose, repayment type and LVR.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out