Morning Briefing: Non-major releases special rates

A non-major bank has announced special interest rates on its variable and fixed home loans.

Morning Briefing: Non-major releases special rates
Auswide Bank today announced new home loan offers on variable and fixed rate home loans.

The offers are available for new residential owner occupied and investment home loans used for purchase or refinance.

The owner-occupied offer includes a discounted variable rate of 3.79%pa - a ‘life of loan’ discount of 1.54% pa off the standard variable reference rate. It is available on new ‘principal & interest’ home loans of $150,000 or more with loan-to-valuation ratios of up to 90%. It is not available for preapprovals, ‘interest only’, construction or non-resident lending. A discounted 3 year fixed rate of 3.89%pa is also available for owner-occupiers.

For loans used for investment purposes, a discounted variable rate of 3.99%pa discounted variable interest rate - a ‘life of loan’ discount of 1.73%pa off the standard variable reference rate - is available on new ‘principal & interest’ or ‘interest only’ loans of $150,000 or more with loan-to-valuation ratios of up to 90%. It is not available for preapprovals, construction or non-resident lending. A discounted 3 year fixed rate of 4.05%pa is also available to residential property investors.

Auswide Bank's chief customer officer Damian Hearne, said, "we’re excited to lead with significant discounts on our Freedom Package home loans. These special interest rate offers are available on new home loans or for borrowers seeking a better deal from another lender."

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