More non-major lenders have joined the rate cut frenzy following the Reserve Bank’s rate cut to 1.5% last week.
ING Direct will reduce its Orange
Advantage variable home loan rates for new and existing customers by 0.12%, effective Monday 15 August 2016.
This will see the Orange Advantage owner occupier loan reduced to 3.67% while the investor loan will be reduced to 4.12%.
All other variable home loan rates will reduce by 0.10% effective Monday 15 August. ING’s commercial variable loan rates will also reduce by 0.10%.
CUA will also lower its standard variable rate by 0.12%, effective 18 August. Owner occupiers will be offered a variable rates of 4.69% and investors will be offered a rate of 5.10%.
Bank will decrease its residential mortgage variable interest rate by 0.10% to 5.38%, effective 29 August.
Finally, QBANK announced it will reduce variable rate home loans by 0.15%, effective 19 August.
Can you afford to buy in this suburb? Find out how much you can borrow
Top Suburbs :
Get help with your investment property
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 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 and appointment is free.
We value your privacy and treat all your information seriously - you can check out