NAB Broker has announced it will reduce its exclusive-to-broker
NAB Homeplus variable interest rate by 20 basis points, to 5.46%.
Steve Kane, general manager of NAB Broker said the reduction demonstrated NAB’s commitment to brokers and their customers.
“NAB Broker is fully committed to brokers, and maintaining competitive variable rates will ensure we continue to provide a compelling offer for our brokers and borrowers” he said.
The new Homeplus variable interest rate is effective from Wednesday 13 May 2015.
NAB is the third major bank to announce interest rate reductions after the decision made by the Reserve Bank to drop the official cash rate to 2%. Both
CBA and
ANZ announced variable rate cuts yesterday.
