A non-major has reduced interest rates across variable and fixed home loans for new owner occupier customers.
The AMP Essential Home Loan will be reduced to 4.09%, down from 4.20%.
The Basic variable will be reduced to 4.19%, down from 4.50%
In addition, the Basic two year fixed rate loan will be reduced to 4.18%, down from 4.55%.
The changes are effective Sunday 30 August for fixed and Monday 31 August for variable rates and are available on new loan applications.