For owner-occupier, principal and interest loans, Macquarie Bank has introduced the following changes, with rates starting from:
- 3.69 per cent for variable rates
- 3.88 per cent for fixed rates
- 4.14 per cent for variable rates on interest-only loans
- 4.09 per cent for fixed rates on interest-only loans
Macquarie has also made changes to rates on investment loans, starting from:
- 3.88 per cent for variable rates
- 3.99 per cent for fixed rates
- 4.29 per cent for variable rates on interest-only loans
- 4.24 per cent for fixed rates on interest-only loans
Further, Macquarie has introduced changes to rates on SMSF loans, starting from:
- 5.90 per cent for variable rates on principal and interest loans
- 6.37 per cent for variable rates on interest-only loans
Macquarie’s rate changes will apply for loans issued on or after 19 February 2018.
ING has also announced changes to interest rates on its loan offerings. For owner-occupied loans, rates now start from:
- 3.69 per cent for variable rates
- 4.09 per cent for variable rates on interest-only loans
Moreover, ING’s new rates on investment loans start from:
- 4.24 per cent for variable rates
- 4.69 per cent for variable rates on interest-only loans
- 4.32 per cent for fixed rate loans
ING’s new rate offerings will be applied on loan applications processed from 16 February 2018.
