AMP Bank lowers variable and fixed rates | ME Bank increases rates for investor loans, lowers for owner occupied
AMP Bank lowers variable and fixed rates | ME Bank increases rates for investor loans, lowers for owner occupied
MPA Lender Update is your same-day product information service, bringing together updates from all lenders
RATES
AMP Bank drops variable interest rate for new business applications, to 4.09% pa (comparison rate 4.11%) for its Essential variable rate home loan and 4.19% pa (comparison rate 4.23%) for its Basic Package variable loan.
AMP Bank drops 2 Year Basic fixed rate to 4.18% pa (comparison rate 4.23%).
All are effective from 31 August to 30 November 2015, applicable to owner occupied loan applications only.
ME increases interest rate by 40 basis points to 4.69% p.a. for its Basic Variable home loan and by 36bp to 4.89% p.a. for its Flexible home loan, for new investors, effective 15 September 2015. Rates across existing investor loans will also rise by 41bp.
ME's fixed rates for new owner occupied borrowers will fall between 0.09% and 0.50% across its 3 to 7 year terms, including its 3-year fixed rate falling 0.09% to 4.19% p.a.
PRODUCT
No changes today
POLICY
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COMMISSIONS
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