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The uncertainty surrounding the increased price of credit in Australia due to the volatile and increased interest rates in the global debt market shows no sign of abating in the near term.
As a consequence, two Iden Funders have announced increases in their interest rates, as detailed below .
Adelaide Bank
Adelaide Bank has announced an increase of 0.15 percent in its standard variable interest rate for existing customers effective Monday 12th May 2008 .
ING
ING Fixed Rate Increase
ING has increased selected Fixed Rates for all new applications effective from Friday, 25 April 2008.
Iden Groups 3 year Fixed Rate Special will increase in line with the funders interest rate increase.
Contact your finance broker on 02 8002 4035 for further information
3-Year Fixed Rate Special
With the current uncertainties in the capital markets many clients are seeking the security of a fixed rate.
Iden has an extremely competitive 3 year fixed rate offering at present, giving the comfort of knowing exactly what home loan repayments will be for the next 3 years.
13 March 2008
With the Reserve Bank increasing the official cash rate by 0.25 percent on Tuesday 4 March, Iden Group funders have also increased their rates on new and existing variable rate loans. Existing borrowers affected will be sent a letter advising them of the rate change.
The changes are outlined below
Adelaide Bank