Bank slashes mortgage rates

By James Mitchell

19 April 2016

A non-major lender has cut one of its home loan rates for owner-occupiers.

PROMOTED CONTENT

>ING Direct announced today that its three-year fixed interest rate (including a 0.10 per cent per annum discount) for owner-occupiers with an Orange Advantage home loan has been reduced to 3.98 per cent per annum (comparison rate 4.66 per cent per annum).

The fixed interest rate discount of 10 basis points applies to both new ING Direct customers and existing owner-occupier Orange Advantage customers who apply to switch, split or increase a portion of their existing Orange Advantage home loan to a fixed rate loan.

The new three-year fixed rate for non-Orange Advantage owner-occupier customers is 4.08 per cent per annum (comparison rate 4.69 per cent per annum).

Latest News

AMP Bank MD to join BOQ

06:30

The managing director of AMP Bank, Rod Finch, is set to join BOQ in April as its first director of transformation, as the bank continues to...

Apartments drag down building activity

06:20

Dwelling unit commencements have continued to fall but the bright spot has been new private sector houses, figures have shown. ...

HomeBuilder applications exceed 75k

06:15

Over 75,000 households have applied for a HomeBuilder grant, with the majority of applications relating to the construction of a new home, a...

FROM THE WEB

Recommended by Spike Native Network

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW