Powered by MOMENTUM MEDIA
subscribe to our newsletter
Non-major slashes mortgage rates

Non-major slashes mortgage rates

AMP Bank has today announced it will reduce interest rates across several variable and fixed-rate loans for new customers, effective Monday 18 January.

In a statement this morning, AMP Bank said the AMP Essential variable rate loan will be reduced by 30 basis points to 4.08 per cent per annum (comparison rate 4.10 per cent per annum).

The Basic three-year fixed rate will drop by 27 basis points to 4.28 per cent per annum (comparison rate 4.32 per cent per annum).

Advertisement
Advertisement

The variable rate on new investor property loans for the Basic loan will reduce by 40 basis points to 4.57 per cent per annum (comparison rate 4.61 per cent per annum).

The Basic three-year fixed rate for new investor property loans is reducing by 45 basis points to 4.57 per cent per annum (comparison rate 4.61 per cent per annum).

Non-major slashes mortgage rates
mortgagebusiness
  • 23
    Days
  • :
  • 07
    Hours
  • :
  • 54
    Minutes
  • :
  • 01
    Seconds

EARLY BIRD CLOSING SOON
Have you secured yours?

Latest News

The home loan rejection rate is up 32 percentage points year-on-year in an environment of tightened lending standard, slowing credit growth,...

The global investment bank is set to begin its search for a new chief, after its CCO was appointed to head one of its foreign divisions. ...

The Commonwealth Bank is set to absorb millions in costs associated with its disposal and demerging of subsidiaries.   ...

FROM THE WEB
podcast

LATEST PODCAST: How a softening property market will impact the mortgage sector

Is enough being done to ensure responsible lending?