Bank Australia's new special rate | CUA drops fixed rates

Bank Australia's new special rate | CUA drops fixed rates 

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES
Bank Australia introduces a fixed interest rate special through their Premium Package Home Loan, effective 20 June 2016.

• The rate will be 3.85% for 2 years, available for owner occupied home loans with an LVR equal to or below 80%.
• Its Basic Home Owner Occupied Home Loan will only be available for loans with an LVR equal to or below 80% and the $595 establishment fee will be waived for this product until further notice.  
• Home loans with a LVR higher than 80% will need to be placed in the Premium Package Home Loan.

CUA reduces its fixed home loan rates for investors and owner-occupiers, effective 16 June 2016.

• The 2-year fixed rate for owner occupiers was cut by 0.43% to 3.96% p.a.
• The fixed rates for investors will start from 4.34% p.a. for the 1-year fixed rate loan; 4.36% p.a. for its 2-year fixed rate and 4.39% p.a. for its 3-year fixed rate.

PRODUCT
No changes today

POLICY
No changes today

COMMISSIONS
No changes today

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