Pass Go Home Loans - Australia wide Mortgage Broker - 1300 656 299
Tuesday, 06 September 2016 01:59

Which banks are passing on the August 2016 rate cut?

It’s always nice when banks reduce rates. The following are some of our panel lenders that have reduced rates following the Reserve Bank’s recent decision in August 2016.

  • AMP 0.10% cut effective 22 August.
  • Bankwest 0.10% cut effective 23 August.
  • ING 0.12% cut (Orange Advantage product) and 0.10% for all other variable products effective 15 August
  • Macquarie 0.10% cut effective 26 August
  • ME bank 0.10% cut effective 23 August
  • Suncorp 0.10% cut effective 24 August
  • CBA 0.13% cut effective 19 August.
  • NAB 0.10% cut effective 19 August.
  • ANZ 0.12% cut effective 12 August.
  • Westpac & St George cut 0.14% for P&I loans and 0.10% for Interest Only loans effective 23 August.
  • Adelaide bank 0.10% cut effective 29 August
  • Choicelend 0.10% cut effective 19 August
  • Citibank 0.15% cut effective 23 August
  • Firstmac 0.13% cut effective 20 August
  • Heritage Bank 0.10% cut effective 15 August

 As always - if you need any advice in regards to your home loan/loan structure or have any questions at all - please get in touch. 

 About the author: Jamie Moore is an active residential property investor and owner of Pass Go Home Loans. If you’d like to have Jamie provide advice on your finance structure and investment strategy, simply complete and return this FORM and he will be in touch - this is a FREE, no obligation service. This information is of a general nature – please always consult taxation professionals about the specific nature of your situation.

Pass Go Home Loans Pty Ltd
Australia Wide Mortgage Brokerage 
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Read 772 times Last modified on Tuesday, 25 April 2017 21:59
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