NAB Broker has announced rate cuts to a suite of its fixed home loan products, effective Monday 9 February.
The lender has cut its one, two, three and five-year Homeplus fixed home loan rates by 0.30%, 0.25%, 0.25% and 0.40% respectively.
NAB Broker’s general manager Steve Kane said the cuts provided broker customers with stability and certainty, and demonstrated the lender’s commitment to the third party channel.
“The reductions mean that NAB Broker is now offering some of its lowest fixed rates ever,” he said.
“Many customers are looking for certainty in the current economic environment, and these low rates mean brokers can offer that stability to their customers.
“We remain committed to the broking channel, and this demonstrates our promise to deliver products and features that are highly competitive and appealing to brokers’ customers.”
This announcement comes after the lender announced a 25bps cut to its Homeplus Variable interest rate.
Remember to take our latest poll: Does the convenience of online lending pose a threat to the broker industry? Click here to share your opinion.
