The large franchise offers fixed rate loans from 4.89%


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Aussie announced cuts to its own fixed-rate product, which the company says makes an Australian home loan the most competitively priced in the market for fixed terms of two and three years.

The group has lowered its two-year fixed rate from 0.40% to 4.89% per annum and its three-year fixed rate from 0.30% to 4.99% per annum, effective now.

Aussie is also announcing that it will lower its variable rate for new customers to 5.15% starting Wednesday, May 15.

Aussie Founder and Chairman John Symond said competition among lenders for “a piece of the home loan pie” is increasing as rates become much more competitive than they have been for some time. .

“Aussie is challenging the major lenders and I am confident consumers will find that there is nothing lower than our two and three year fixed rates in the market,” says Symond.

“Now is a good time to consider repairing your loan if you are someone who wants certainty over month-to-month repayment amounts, but there are also great offers on variable rates, so there is certainly a great choice and a great variety. . “

The fixed and variable rate cuts come just days after the Aussie announced it was transmitting the central bank’s full rate cut of 0.25% pa

FIXED RATES COMPARISON TABLE

1 year

2 years

3 years

4 years

5 years

ABC package

5.19%

4.99%

5.29%

5.64%

5.69%

NAB

5.09%

4.99%

5.29%

5.64%

5.55%

GB

5.24%

5.29%

5.29%

5.69%

5.69%

ANZ

5.19%

5.29%

5.29%

5.64%

5.84%

GBS

5.15%

4.99%

5.29%

5.64%

5.69%

Nomenclature

5.15%

4.99%

5.29%

5.64%

5.69%

BOQ

4.99%

5.19%

5.29%

5.59%

5.69%

Aussie

4.95%

4.89%

4.99%

5.49%

5.49%

Suncorp

5.30%

5.34%

5.40%

5.85%

BankWest

5.39%

4.99%

5.19%

5.64%

5.49%

ING

5.19%

4.99%

5.09%

5.39%

5.39%

RAMS

4.99%

5.25%

5.29%

5.64%

5.69%

Newcastle Permanent

4.98%

4.98%

5.28%

5.64%

5.69%

Bendigo

5.19%

5.29%

5.44%

5.74%

5.79%

* Source: Australian Home Loans

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About Brandon A. Hood

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