MPA Lender Update - 7/3/2016

Non-major announces market-leading rate | Wholesale funder cuts rates

Suncorp announces market-leading rate | Advantedge cuts rates

Suncorp Bank announces 3 year fixed rate of 3.99% p.a.on its Home Package Plus product, available on new owner occupied or investment loans of at least $150,000 (maximum LVR of 90%).

Advantedge Financial Services has reduced rates across interest-only investor and owner occupier loans available under the brands of its private label aggregation partners, effective on Saturday 5 March.

The key rate reductions for new loans from the previous rate card include:
•    Owner occupier IO variable: reductions of up to 0.23% p.a.
•    Owner occupier IO fixed: reductions of 0.09% p.a.
•    Investor IO variable: reductions of up to 0.03% p.a.