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The group dropped its two-year fixed rate by 0.40% to 4.89% p.a and its three-year fixed rate by 0.30% to 4.99% p.a, effective now.
Aussie also says it will drop its variable rate for new customers to 5.15% from Wednesday, May 15.
Aussie founder and chairman, John Symond, says competition between lenders for ‘a slice of the home loan pie’ is getting stronger, with rates becoming far more competitive than they have been for some time.
“Aussie is throwing down the gauntlet to the major lenders and I’m confident consumers will find there is nothing lower than our two and three year fixed rates on the market,” says Symond.
“It is a good time to consider fixing your loan if you are someone who wants certainty on repayment amounts month to month, but equally there are some great deals to be found on variable rates too, so there’s definitely a great choice and variety out there.”
Both the fixed and variable rate cuts come just days after Aussie announced it was passing on the full Reserve Bank Rate cut of 0.25% p.a.
FIXED RATE COMPARISON TABLE
|
|
1 Year |
2 years |
3 years |
4 years |
5 years |
|
CBA Package |
5.19% |
4.99% |
5.29% |
5.64% |
5.69% |
|
5.09% |
4.99% |
5.29% |
5.64% |
5.55% |
|
|
WBC |
5.24% |
5.29% |
5.29% |
5.69% |
5.69% |
|
5.19% |
5.29% |
5.29% |
5.64% |
5.84% |
|
|
SGB |
5.15% |
4.99% |
5.29% |
5.64% |
5.69% |
|
BOM |
5.15% |
4.99% |
5.29% |
5.64% |
5.69% |
|
BOQ |
4.99% |
5.19% |
5.29% |
5.59% |
5.69% |
|
Aussie |
4.95% |
4.89% |
4.99% |
5.49% |
5.49% |
|
Suncorp |
5.30% |
5.34% |
5.40% |
|
5.85% |
|
BankWest |
5.39% |
4.99% |
5.19% |
5.64% |
5.49% |
|
ING |
5.19% |
4.99% |
5.09% |
5.39% |
5.39% |
|
RAMS |
4.99% |
5.25% |
5.29% |
5.64% |
5.69% |
|
Newcastle Permanent |
4.98% |
4.98% |
5.28% |
5.64% |
5.69% |
|
Bendigo |
5.19% |
5.29% |
5.44% |
5.74% |
5.79% |
*Source: Aussie Home Loans
