• MVA Financial Services

ChoiceLend is reducing variable rates and 1–5 year fixed rates effective Friday 25 October 2019

Updated: Nov 14, 2019


KEY POINTS


Variable rate specials for new home loans now start from 3.05% p.a. (comparison rate 3.07% p.a.*) for eligible new variable rate home loans when borrowing $200,000 or more with an LVR of up to 80%1 – 5 year fixed home loan rates are reducing by up to 0.54% p.a. These changes demonstrate our continued commitment to offer competitive rates to your customers.

Variable rate specials decreasing Variable rate special reductions apply to eligible new variable rate home loans when borrowing $200,000 or more with an LVR of up to 80%.

Pipeline applications for new variable rate specials

Variable rate loans formally approved and instructed on or after Friday 25 October 2019 will receive the new special rates on the updated rate card.Variable rate loans formally approved and instructed before Friday 25 October 2019 will receive the rates on the rate card applicable at the time the loan was formally approved and instructed.


Fixed interest rates decreasing Fixed interest rate reductions apply to owner occupier and residential investor loans, with both principal and interest and interest only repayments.


Pipeline applications for new fixed interest rate home loans

The fixed interest rate applied to pipeline applications will be the fixed rate in effect at the time of settlement, except where Lock Rate applies. If Lock Rate applies, the loan will settle at the fixed interest rate on the date the application was lodged.


Eligibility

New loans only

Excludes loan variations and top-ups.


Lock Rate Lock Rate can give your customers fixed-rate certainty for 90 days from the date the application is submitted. A Lock Rate fee of $395 applies where the Lock Rate option is requested. For more details, please refer to the Lock Rate Authority Form.


Important information Interest rates, fees and charges are subject to change. Fees and charges apply to all Advantedge products. Fees and charges are current and may be introduced or varied in accordance with loan terms. *Comparison rates are based on a loan of $150,000 over a term of 25 years. Comparison rates for fixed rates will be lower for loans greater than $200,000.


WARNING: This comparison ratenis true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges apply to all ChoiceLend products. For variable rate Interest-Only loans, comparison rate is based on a 10 year Interest-Only period.

2019 Copyright of Advantedge Financial Services Pty Ltd ABN 36 130 012 930

Australian Credit Licence 391202 trades as ChoiceLend

0 views