Australian Finance News
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Westpac increases interest rates on home loans
WESTPAC, ING and National Australia Bank’s online division are raising fixed and variable home loan interest rates by up to 60 basis points. Westpac is the first of the four big banks to introduce the rate hikes, while NAB’s UBank is increasing standard variable rates by 10 basis points, the Australian Financial Review reports. For Westpac customers, the largest increase will affect investors who take a five-year fixed rate investment property loan from November 28. #111
Related topics : home loan interest rate australia / bank loan interest rates
Smash down home loan debt
Online lender loans.com.au is taking the aggressive step of offering a 3.39 per cent loan in a bid to wrest lenders away from the big banks and to tap into the traditionally strong spring property season.Loans.com.au fonder Kim Cannon says the special variable rates they are offering, for a limited time, are almost 2 per cent lower than the big banks and borrowing online is easier and quicker than people think.“Online lending is currently 5 per cent of the Australian market but with rates...
Related topics : rates home loan / home loan online
Interest rates to rise even if RBA holds: Australia’s Big Four banks
AUSTRALIA’S Big Four banks have spoken: Brace yourself, our record run of low interest is over, and rates are now on the rise even if the Reserve Bank officially has it on hold. National Australia Bank this morning became the last of the Big Four banks to confirm the record low interest rate run was at an end, with Commonwealth Bank having made its views known on Friday, and Westpac leading the pack out late November. ANZ had earlier signalled that it was finding the current environment...
Related topics : home loan interest rate of all banks / bank loan interest rates
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