Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
ME cuts home loan rates

ME cuts home loan rates

Industry super fund-owned bank ME has today announced further rate cuts for owner-occupiers and investors.

The non-major reduced its three-year fixed home loan rate by 10 basis points to 3.79 per cent for owner-occupiers and 3.89 per cent for investors.

These rates are available for principal and interest and interest only repayments with no loan to value ratio restrictions.

Advertisement
Advertisement

ME’s general manager of broker, Lino Pelaccia, said ME was able to facilitate the new rates through recent cheaper fixed-rate funding.

“The cost of fixed-rate funding has fallen significantly, savings that ME has decided to pass on to customers in the form of cheaper fixed rates home loans,” he said.

Last week, ME slashed its home loan variable rates for new customers.

ME cuts home loan rates
mortgagebusiness

 

Latest News

The major bank has lowered its interest rate floor for mortgage serviceability assessments, becoming the third major bank to amend its polic...

A big four bank has announced the appointment of a new chief executive officer. ...

Digital neo-lender 86 400 has been granted a full authorised deposit-taking institution licence by APRA and expects to launch its mortgage ...

FROM THE WEB
podcast

LATEST PODCAST: A shift in serviceability requirements

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

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.