Christmas Interest Rates Remain On Hold at 1.5%

Decembers meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.

We will have to wait until February 2018 until we receive another rate decision.

While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment loans .

Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

If you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

Share

Melbourne Cup Day – Interest Rates Remain Unchanged

Today’s Melbourne Cup day meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.

We have noticed that most of the major banks have halted their increases of variable rate loans for interest only and investment loans for now.

At Smart Search Finance we continually monitor lenders for interest rate changes outside the official rate, however, we expect that most lenders will leave their variable interest rates unchanged following the announcement. We also expect the cash rate to remain stable for a number months to come.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

If you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

compare home laons

Share

September 2017 Australian Interest Rates Remain Stable

Today’s October meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.

While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment loans . We have seen in the last few months that interest rates have risen and the amount you can borrow against the property has reduced from 80 to 90 percent depending on the lender.

Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

If you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

compare home laons

Share

August Interest Rates Stable at 1.50%

 

It looks like interest rates are likely to remain stable for the remainder of 2017 as the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.50%.

It seems the major banks and other lenders have ended their interest rate increases for  interest only loans and property investment loans in a effort to reduce the number of these loans on their books.

In the 1st July many states have changed their stamp duty fees and first home buyers grants. You can calculate the cost of state charges and first home buyers concessions by using our stamp duty calculator.

Major banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

If you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.

If you are looking for a commercial loan, low doc finance, commercial loan interest rates for commercial property loans, car and equipment leasing  or looking for a better deal please visit our commercial loans website.

compare home laons

Share

July Interest Rates Unchanged at 1.50%

Today’s June meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.

While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment loans . We have seen in the last few months that interest rates have risen and the amount you can borrow against the property has reduced from 80 to 90 percent depending on the lender.

Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

If you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

compare home laons

Share

June Commercial Loan Interest Rate Update

Over the last month we have seen commercial loan interest rates remain stable or fall by up to 30 basis points for some products.

Full doc variable commercial property loans have decreased by 24 points while 2 and 3 year rates have also fallen by up to 30 points for one lender. Other interest rates have remained stable in the last 30 days.

Low doc commercial loans have not changed over the last month unlike their full doc cousins.

Below is an outline of interest rates available from Smart Search Finance below. These are only indicative rates and may vary depending on security type and risks factors associated with the loan.

Commercial Loans – Full Doc Interest Rates (Indicative Only)

Lender Loan Type Security Type Interest Rate Max LVR  
Commercial Reference Rate from Variable 3.40% Up to 75% Enquire
Bank Variable Residential Security 4.20% 80% Enquire
Bank Fixed Rates From Residential Security 4.44% 80% Enquire
Bank Variable Rates From Commercial Security 4.20% 60-75% Enquire
Bank Lease Doc Variable Commercial Security 4.54% 60% to 80% Enquire
Bank Commercial Equity Loan From Commercial Security 5.75% 60% to 75% Enquire
Bank 1 Year Fixed Rate From Commercial Security 4.44% 75% Enquire
Bank 2 Year Fixed Rate From Commercial Security 4.70% 75% Enquire
Bank 3 Year Fixed Rate From Commercial Security 4.44% 70-75% Enquire
Bank 4 Year Fixed Rate From Commercial Security 5.10% 75% Enquire
Bank 5 Year Fixed Rate From Commercial Security 5.24% 75% Enquire

Low Doc Commercial Loans – Interest Rates (Indicative Only)

Lender Loan Type Security Type Interest Rate Max LVR  
Bank Low Doc Variable From Residential Security 5.39% to 5.99% 60% to 80% Enquire
Bank Low Doc Fixed Rate From Residential Security 4.79% 60% to 80% Enquire
Bank Lease Doc Variable Commercial Security 4.54% 60% to 80% Enquire
Non Bank No Doc Commercial Security 7.35% 60% to 80% Enquire
Bank 1 Year Fixed Rate From Commercial Security 4.79% 60% to 80% Enquire
Bank 2 Year Fixed Rate From Commercial Security 5.19% 60% to 80% Enquire
Bank 3 Year Fixed Rate From Commercial Security 5.04% 60% to 80% Enquire
Bank 5 Year Fixed Rate From Commercial Security 5.54% 60% to 80% Enquire

If you are looking for more information on a commercial loans or looking for a better deal please visit our commercial loans website.

We have also updated our commercial loan calculator with more options to calculate the cost of finance.

Share
  • Categories