The home loan interest rate battle rages on with more competitive rates being announced. One major bank introduced its cheapest introductory variable rate starting with “1” however the bank also increased several of its fixed interest rates.
The great news is, based on Canstar’s database, the cheapest variable interest rate for owner occupiers is still Reduce Home Loans’ Super Saver 60 Variable at 1.77%p.a. (1.86%p.a.* comparison rate), available up to 60% LVR, an ideal loan for both equity-rich buyers or refinancers. Borrowers can enjoy unlimited extra repayments, a full electronic redraw facility and flexible repayment options.
Find out more about the cheapest home loan rates Reduce Home Loans offers here.
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