NAB cuts fixed rate below 4%

One of the four major banks has announced rate decreases of up to 30 basis points across its suite of fixed rate loan products

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NAB Broker has announced rate decreases of up to 30 basis points across its suite of fixed rate loan products.

Effective Monday 30 May, NAB has reduced its three-year fixed rate on a principal and interest Homeplus Owner Occupied Home Loan fixed rate by 0.25% to 3.99%.

The lender has also trimmed its two-year owner occupied interest-only fixed rate by 0.30% to 3.99% and its four-year interest-only fixed rate to 4.09%. 

Across the Homeplus Investment Home Loan suite, the two-year fixed rate has been reduced by 0.30% on both principal and interest and interest-only home loans, to 4.04% and 4.14% respectively.

The three-year investment fixed rates have been cut 0.25% to 4.14% and 4.24% for principal and interest and interest-only loans respectively.

NAB Broker also trimmed its one-year fixed rate on its Homeplus Investment Home Loan by 0.08% to 4.46%.
 

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