Aussie has thrown down the gauntlet to other major lenders by dropping its Aussie Select Basic Variable Rate to their lowest interest rates ever.
For loans of less than $500,000 and an LVR of 80 per cent, the rate was reduced by 0.05 per cent to 4.79 per cent (comparison rate 4.80 per cent p.a.)^ – one of the lowest rates in the market for loans of that size and LVR.
Where the LVR is 80% or less special rates are available, on loans $500,000 to $1 million with a reduction of 0.05 per cent taking the rate to 4.69 per cent (comparison rate 4.70 per cent p.a.), and loans of $1 million plus were reduced by 0.05 per cent earlier this month making the rate 4.64 per cent (comparison rate 4.65 per cent p.a.)^.
The rates, which are available for approved applicants from Wednesday September 17, 2014, include a free online redraw facility and no ongoing fees.
Executive Chairman of Aussie Home Loans, Mr John Symond AM, says “As we have done over the last 22 years, Aussie is continuing to challenge the major lenders with our very competitive rates.
“Our new rates are the lowest Aussie Select Basic Variable rates we have ever offered and they beat the lowest advertised variable rates offered by the big banks. They are available to all approved borrowers including first home buyers, next home buyers, refinancers and investors”, added Mr Symond.
|Loan Type||Loan Value||Discounted Interest Rate p.a.|
|LVR <= 80%||LVR 80.01% to 90%||LVR > 90%|
|Aussie Select Basic Variable||< $500k||4.79%||4.89%||4.99%|
|$500k < $1 million||4.69%||4.84%||4.94%|
“I expect strong demand from borrowers for these enticing new rates, and our Aussie Mortgage Brokers are available at a time and place that suits you to help find a loan that meets your needs, income and property ownership goals,” Mr Symond concluded.
Further information about Aussie Select and other home loan advice can be obtained by calling Aussie on 13 13 33 or visit www.aussie.com.au to book an obligation and cost-free appointment now.