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  • As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
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Variable Interest

Floating rate, variable rate or adjustable rate interest is the opposite of fixed interest and is where the rate can move up or down due to market influences

Rate Tracker

Tue, 2009-03-10 10:22 — administrator
Rate Tracker Ultra - Application fee = $595

*Includes legal fees for standard mortgage preparation and one standard valuation*
Read more

AMP reduces home loan variable interest rate

Wed, 2008-12-17 11:16 — administrator

AMP are decreasing interest rates on variable rate home loans loans and lines of credit by 0.88 percent p.a.

The change is effective for new business from Wednesday 17 December 2008 and Friday 19 December 2008 for existing business.

Basic Home Loan

Tue, 2008-12-16 08:47 — administrator

Basic Home Loan Read more

  • Competitive interest rate
  • NO application fee
  • NO valuation fee ($500 paid toward cost of valuations. valuations up to $1 million are $220)
  • NO ongoing fees
  • FREE REDRAWS
  • MINIMUM loan can be as low as $50,000
  • Settlement fee only $250
  • CAN be split into four separate accounts at NO additional charge (Note can only combine with basic or fixed . Fixed split incurs $8 per month)
  • Early repayment fees are Yr 1 $1500, Yr 2 $1200, Yr 3 $1000

Commonwealth Reduce Interest Rates 1.00%

Tue, 2008-12-02 14:12 — administrator

Commonwealth have moved quickly again to announce the full 1.00 percent cut to variable interest rates today following the Reserve Bank of Australia announcement a short while ago.

The Commonwealth Bank announced that it would be reducing its standard variable rate home loans, as from Friday 12 December 2008, passing on the full interest rate cut of 100 basis points made by the Reserve Bank of Australia (RBA) earlier today.

Interest rates for the following lending products (new and existing borrowings) will change from Friday 12 December 2008: Read more

Basic Home Loan Offer

Tue, 2008-11-11 12:12 — administrator

Call%Basic home loan offer available from Monday 17th November. Read more

  • NO application fee
  • NO valuation fee ($500 paid toward cost of valuations. valuations up to $1 million are $220)
  • NO ongoing fees
  • FREE REDRAWS
  • MINIMUM loan can be as low as $50,000
  • Settlement fee only $250
  • CAN be split into four separate accounts at NO additional charge (Note can only combine with basic or fixed)

Citibank Variable Interest Rate Reduction

Mon, 2008-11-10 16:56 — administrator

Citibank is decreasing all current variable interest rates by 0.65 percent effective Monday 17th November.

Updated interest rate sheet will be issued on Monday 17th November .

Also please stay tuned for the Citibank hot new to bank basic rate home loan effective Monday 17th November.

RAMS variable interest rate lowered

Mon, 2008-11-10 12:24 — administrator

RAMS Basic Home Loan rate reduced to Call% p.a.

To ensure it continues to offer a cheaper alternative to the major banks, RAMS is today reducing its standard variable rate to just Call%. Read more

Bankwest Lowers Variable Home Loan Rate 0.60 Percent

Fri, 2008-11-07 17:04 — administrator

Effective 10th November 2008 Bankwest variable interest rate home loans will be changing.

  • Bankwest Lite Home Loan
  • Bankwest Lite Plus Home Loan
  • Mortgage Shredder (excluding 12 Month Fixed Intro)
  • Bankwest Easy Doc Home Loan
  • Bankwest Seniors Equity Release
  • Bankwest Equity Access
  • Home Owners Loan

The variable rate on the above home loan products is reducing 0.60 percent.

Suncorp Variable Interest Home Loans

Thu, 2008-10-23 15:27 — wes@ability

Effective 27th October 2008 Suncorp will decrease variable interest rates on home loans by 0.21 percent.

Back to Basics – up to 100% LVR

Suncorp offer 0.10 percent discount off Back to Basics rate for all Full Doc loans of $250,000 or greater!!!

Features of the Back to Basics product

- No monthly account keeping fees

- No settlement fees

- Cashback (redraw) available

- Unlimited additional repayments

- Available for No Deposit, Family Equity, Construction & 100% Loans

- Application Fee $600 (includes 1 free valuation) Read more

Commonwealth Bank Changes to Interest rates

Wed, 2008-10-22 18:35 — administrator

Changes to Variable and Fixed Home Loan / Investment Home Loan Rates

The Commonwealth Bank today announced that it will cut its variable interest rate and fixed rates for home loans and investment home loans, as from Thursday 30 October 2008.

Interest rates for the following lending products (new and existing borrowings) will change from Thursday 30 October 2008:
Standard Variable Rates Read more

  • Standard Variable Rate (including Low Doc) - 0.21 percent
  • 12 Months Discounted Variable Rate - 0.21 percent

Variable and Fixed Interest Rate Home Loan Reductions

Wed, 2008-10-22 16:12 — Broker

ING DIRECT will reduce all residential variable mortgage interest rates by 0.20 percent per annum effective from 31 October 2008.

Fixed rates for 3, 4 and 5 year terms will reduce effective from 24 October 2008.

Banks Reduce Variable Interest Rate

Mon, 2008-10-20 08:05 — Broker

Banks announce further home loan variable interest rate cut.

Most banks reduced their standard variable interest rates by 0.80 percent following the Reserve Bank of Australia lowering of the cash rate by 1 percent at the October 2008 meeting.

Certain banks have announced a further reduction to their standard variable home loan interest rates in the past few days of an additional 0.25 percent.

An important note to consider is that there are still differences between different banks and lenders standard variable home loan interest rate. Read more

ANZ Variable Interest Rate changes

Fri, 2008-10-17 19:51 — administrator

ANZ has announced a decrease to interest rates for variable rate mortgages by 0.25 percent per annum as a first step in delivering on its promise to pass on interest rate cuts as global market conditions ease.

This variable home loan interest rate change is in addition to the decrease of up to 0.80 percent per annum announced last week.

The new lower variable home loan interest rates will be effective Monday 27th October 2008 Read more

Banks Lower Home Loan Interest Rates

Wed, 2008-10-08 09:47 — administrator

Following the Reserve Bank of Australia lowering of the cash rate to 6 percent most banks have announced they will be lowering their standard variable home loan interest rates by 0.80 percent.

Borrowers need to be aware there are still variations between many lenders standard variable home loan interest rate. These variations are a result of lenders increasing standard variable home loan interest rates independently of the Reserve Bank cash rate increases and by different amounts earlier in 2008. Read more

Change to Variable Rates - effective Tuesday 8 July 2008

Fri, 2008-07-04 17:01 — Broker

St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008.

St George Variable interest rate Home Loan products which are increasing are; Read more

  • Standard Variable
  • Portfolio Variable Loan
  • Discount Variable
  • Seniors Access Home Loan
  • St.George No Deposit Home Loan – Quick Start Option
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