Introducing the new Super Saver Variable

Reduce Home Loans has unveiled its lowest variable rate yet – 2.19% p.a. (2.26%* comparison).

The Super Saver Variable is available for purchases and refinances up to 80% LVR – that means you need a minimum deposit of just 20% of the property value.

In the midst of the COVID crisis gripping Australia, many lenders are dropping home loan interest rates.

Featured on both Channel 7 and Channel 9 News Australia, reports show a home owner could save plenty by making the switch.

Channel 9 News reports by refinancing a $400,000 loan over to the new Super Saver 2.19%p.a. Variable, clients could save around $272 a month.

Sally Tindall, Rate City Research Director, says now is the time to refinance.

“Since May 1, we’ve [Rate City] seen a hundred and forty eight variable home loans had their rates cut”

Refinancing to the Super Saver could net you $24,184 saving over 5 years, compared to the average rate on the Rate City database of 3.27%p.a.

Estimate how much you could save by switching your home loan to Reduce using our Mortgage Calculator, or give Reduce Home Loans a call on 1300 733 823.

It just makes sense.

1300 733 823