The online lender dropped its one-year, two-year and three-year fixed rates by 19 basis points to 4.29 per cent.
Kim Cannon, managing director of Firstmac – the parent company of loans.com.au – said the online lender was committed to ensuring customers get a competitive rate regardless of the loan type.
“A lot of borrowers are keeping a close eye on the RBA for signs of another rate cut, but there are also many who are looking to fix their home loan interest rate for future certainty while rates are low,” he said.
“At 4.29 per cent fixed for up to three years, they can enjoy the best of both worlds by choosing a mix of fixed and variable, and use a mortgage offset facility to cut their interest down even more.
“The smart money wouldn’t wait too long before getting a foothold on the market.”
Mr Cannon said customers who have already applied for a fixed home loan will not need to take any further action to receive the new rate.