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

 

Latest News

The federal government will not make any changes to limited recourse borrowing arrangements held by SMSFs, after Australia’s leading regul...

A non-major lender has reported above system mortgage growth, which has helped offset cost pressures that have placed downward pressure on t...

Labor’s proposed changes to capital gains tax and negative gearing could hamper the capacity of borrowers to save up for their first home,...

FROM THE WEB
podcast

LATEST PODCAST: Coalition government and CBA delays

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?