Commercial Loan Interest Rates Update

Commercial loan variable  interest rates have remained stable for the last 30 days while fixed rates have decreased across all years .

All variable, equity line of credit, low doc and lease doc interest rates have remained stable for August / September 2015 period as there was no interest rate change to the cash rate as determined by the Reserve Bank of Australia.

Fixed interest rates have fallen. Most notably was the 5 year fixed interest rates that saw a 0.20 – 0.30 percent drop amongst commercial loan lenders. The 3 year fixed rate also declined between .10 and .20 percent amongst lenders. The shorter term 1 and 2 year interest rates  saw the least movement between 0.01 to 0.10 percent.

For more information about commercial property loan interest rates and to find a commercial loan suited to your lending needs please visit our commercial loans site.

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ING Direct Interest Rate Discount 3.99% (CPR 4.19%)

ING Direct have reduced their Orange Advantage home loan  product at a variable rate of 3.99% (comparison rate 4.19% p.a.) which will be available until 31st October 2015.

This offer is only available for;

– New residential lending with new to ING DIRECT security property (standard minimum loan amount applies)

– Borrow up to 80% of the properties value

– Only for Owner occupied loan purpose

– Principal & Interest repayments

Other advantages is that ING Direct will waive the first year annual fee values at $199 and reduce any fixed interest rate product by 0.10%.

To view this product click here or compare it to hundreds of other products you can compare home loans here

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Interest Rates Remain Unchanged for September

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The Reserve Bank of Australia have decided to leave interest rates on hold for the month of September. The widely expected announcement to keep the cash rate at 2% is a conservative approach to see how the rate cuts earlier this year affects the economy.

Economists are predicting a 0.25% cut for November on Melbourne cut day. This will be  a welcome announcement for mortgage holders but I do not expect the banks and other lenders to pass on the full interest rate cut. We saw examples of this back in May when only one of the major banks reduced interest rates by the full amount.

To see current interest rate both variable and fixed rates please go to out mortgage comparison page.

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Westpac, ING Direct, ME Bank Interest Rate Announcements

After the Reserve Bank of Australia decided to reduce variable interest rates by 0.25% on Tuesday these lenders are also reducing their home loan and investment loan variable interest rates.

Westpac like the NAB and the Commonwealth Bank decided not to pass on the full interest rate cut and reduced their variable home loan and investment loan rates by 0.22% effective 18th May.

ME Bank will reduce their variable interest rates by 0.25% effective 22nd May 2015. You can compare ME Bank variable loans

ING Direct also announced that it will be reducing their interest rates for residential and commercial property loans by 0.25% on the 18th May. You can compare ING Direct home loans here

To see how other lenders are responding and the dates they will reduce their rates – Lender interest rate reduction and date

To compare home loans and investment loans click the button below

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NAB Partial Variable Rate Cut May 2015

Similarly to Commonwealth Bank, the NAB announced today that they will pass on part of the variable rate cut by 0.20% for May 2015

The new variable interest rate reduction will be passed onto consumers on the 13th May and applies to most of their  home loan and investment loan variable rate products.

To see how other lenders are responding and the dates they will reduce their rates – Lender interest rate reduction and date

Compare NAB Home Loans – rates will be updated by 13th May

To compare home loans and investment click the button below

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ANZ Drops Variable Rates By the Full Amount

ANZ announced today that they will pass on the full variable rate cut of 0.25% for May 2015 after the RBA’s decision to reduce interest rates by 0.25%. Obviously, the funding pressures are not as relevant as the Commonwealth Bank’s announcement to only pass on 0.20% of the interest rate cut.

The new variable interest rate reduction will be passed onto consumers on the 8th May and applies to most of their variable rate products.

To see how other lenders are responding and the dates they will reduce their rates – Lender interest rate reduction and date

Compare ANZ Bank Home Loans – rates will be updated by 8th May

To compare home loans and investment click the button below

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