Banks drop their investment loan rates

Banks and credit unions generally raised interest rates on investment loans in 2015 but are now, in 2016, cutting them back.

Most Australian lenders have now dropped their investment loan rates since the last cut in official interest rates early in May 2016.

Investors can now borrow up to 90 or more per cent of the value of the property on rates that are competitive with owner-occupied rates.

Source: The New Daily