Lender launches new rock-bottom interest rate
A boutique lender has delivered borrowers in in New South Wales, the ACT and Queensland the lowest home loan rates in Australian history, offering a one year fixed rate of 1.69 per cent.
Competition among lenders continues with the RBA committing to low rates for the medium term. Photo: Shutterstock (Image source: Shutterstock.com)
A boutique lender has delivered borrowers in in New South Wales, the ACT and Queensland the lowest home loan rates in Australian history, offering a one year fixed rate of 1.69 per cent.
The record-low rate is being offered by Greater Bank and undercuts HomeStar Finance’s previous low of 1.79 per cent on a variable rate loan.
After the first year, however, borrowers will need to refinance a Greater Bank Loan or accept a variable rate of 3.66 pe…
