MPA Lender Update - 10/5/2016

ME drops variable rate

ME drops variable rate 

ME cuts interest rates on its variable home loan products by 5bps, effective 16 May, putting the Bank’s Flexible Home Loan variable reference rate at 5.03% p.a. (comparison rate 5.05% p.a.).

ME reduces its 3-year fixed home loan interest rates for both owner occupier and investor borrowers from 4.29% p.a. to 4.04% p.a. (comparison rate 4.82% p.a.) and 4.39% p.a. to 4.09% p.a. (comparison rate 5.20% p.a.), respectively.