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Aussie today announced cuts to its own brand fixed rate product, making an Aussie Home Loan the most competitively priced on the market for two and three year fixed terms. The company dropped its two year fixed rate by 0.40% to 4.89% p.a and its three year fixed rate by 0.30% to 4.99% p.a, effective Monday 13 May.

Aussie also announced that it will drop its variable rate for new customers to as low as 5.15%¹ from Wednesday 15 May.

“Competition between lenders for a slice of the home loan pie is getting hotter and rates are certainly far more competitive than they have been for some time. Aussie is throwing down the gauntlet to the major lenders, and I’m confident consumers will find there is nothing lower than our two and three year fixed rates on the market,” says Aussie Founder and Chairman, John Symond.

“It is a good time to consider fixing your loan if you are someone who wants certainty on repayment amounts month to month, but equally there are some great deals to be found on variable rates too, so there’s definitely a great choice and variety out there,” he says.

Both the fixed and variable rate cuts, come just days after Aussie announced it was passing on the full Reserve Bank Rate cut of 0.25% p.a.

Aussie Select Variable Rate

Effective May 15, 2013

Aussie Select Variable

<$350k

$350k-<500k

$500k+

LVR <80%

5.20%

5.20%

5.15%

LVR >=80.00%

5.29%

5.29%

5.20%

FIXED RATE COMPARISON TABLE

 

1 Year

2 years

3 years

4 years

5 years

CBA Package

5.19%

4.99%

5.29%

5.64%

5.69%

NAB

5.09%

4.99%

5.29%

5.64%

5.55%

WBC

5.24%

5.29%

5.29%

5.69%

5.69%

ANZ

5.19%

5.29%

5.29%

5.64%

5.84%

SGB

5.15%

4.99%

5.29%

5.64%

5.69%

BOM

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%