When did your bank last do you a favour?

A highly competitive home-loan market means banks should be more willing than ever to cut variable interest rates to existing customers. In theory this is true, but you are going to have to ask for it. You will also need to do your research and know what rate cut to ask for so that you get the best deal for your circumstances. Some of the larger institutions are cutting rates by up to 1 per cent to compete with smaller lenders. The competitive rates from smaller lenders is partly due to them having secured cheap offshore funds to finance loans at a better rate. Even though our interest rates are historically low, they are still higher than most developed nations and lenders do have room to cut rates. Some variables may affect the discount you are able to secure, including your loan-to-value ratio, the time you have been with your bank and how big your loan is. Whilst we can’t call the bank on your behalf, we can help you understand what rate you should be able to secure and give you the tools to make the call with confidence. Book your no cost or obligation review of your loan to ensure your bank is working in your interests on 07 3223 6000 or  Email our advisers.

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Brisbane Office

Level 11 / 300 Ann St
Brisbane, 4001
Ph: (07) 3223 6000
Fax: (07) 3012 8399

Strathpine Office

Unit 3, 27 South Pine Rd
Brendale, 4500
Ph: (07) 3490 9988
Fax: (07) 3490 9984

Caboolture Office

Level 1, 11-13 Bertha St
Caboolture, 4510
Ph: (07) 5428 9555
Fax: (07) 5498 9320