October’s final express round up includes non-major and non-bank aggressive discounts, and one misprinted advert correction
October’s final express round up includes non-major and non-bank aggressive discounts, and one misprinted advert correction
Adelaide Bank cut two lo-doc variable rates
SmartDoc rate drops 34bps to 5.85% (comparison rate 6.05%) and 45bps drop to 5.99% (comparison rate 6.19%) on its Smart DocPlus product. Borrowers can borrow up to 70% LVR.
AFM cuts two rates and waives fees
Standard variable rate on Complete/Alliance range now 4.75% (comparison rate 5.14%) on loans up to 80% LVR, with no application, valuation or legal fees. The Flexible range has also been cut 20bps.
ME bank rate correction
An error in an advert in Australian Broker magazine quoted a 4.59% five-year fixed rate – in fact this rate applies to the three-year fixed product. The actual five-year fixed rate is 4.94% (5.21% comparison rate).
Lenders - make sure your products make it onto this list by emailing the editor. Brokers - MPA 30 seconds is a product round-up which will save you time, whilst providing vital business intelligence.
