The Official Cash Rate, as determined by the Reserve Bank of Australia (RBA), is now at an historic low of 2.25 per cent.
Loans.com.au has delivered the Australian home loan market a variable interest rate with a three in front with its decision to pass on the RBA’s 0.25 percent rate cut in full to new customers immediately.
Even though the RBA didn’t cut the cash rate this week, borrowers can save as much as $260 a month on mortgage repayments by finding a cheaper home loan.
The vast majority of home loan customers are ahead on their mortgage repayments according to data from market leading online lender loans.com.au.
Loans.com.au has cemented its place as a market leader by dropping its home loan interest rates to with the announcement of a further cut to fixed rates.
Market leading online lender Loans.com.au Pty Ltd will pass on the full 0.25 percent rate cut to existing customers following the RBA’s announcement.