Variable rates cut by non-major ‘with a twist’

Also in this week’s product round-up, the graduate loan with up to 97% LVR

Also in this week’s product round-up, the graduate loan with up to 97% LVR 
 

Adelaide Bank lowers two variable rates by up to 20bps

The SmartSaver basic rate is now 4.84% (down 15bps) whilst the SmartFit rate is down 20bps to 4.89%. ‘The twist’ is the ability to split loans between variable and fixed products. Available for loans $10,000+ and up to 90% LVR.
 

HomeStart Graduate Loan opened up to more applicants

The loan, for loans of up to 97% LVR (94% for builds) will now be available to those with a Certificate III qualification of higher, and applicants need only be in their job for 6 months.

Lenders - make sure your products make it onto this list by emailing the editor. Brokers - MPA 30 seconds is a product round-up which will save you time, whilst providing vital business intelligence.