Cut price loan deals get cut

The cut price home loan deals that have attracted attention in past months – NAB-owned UBank's UHomeLoan and loans.com.au's dream loan express – have gone up.

UBank’s rate went from 6.59 per cent to 6.79 per cent (refinances only), while the latter went from 6.58 per cent to 6.69 per cent (new purchases, too).

Loans.com.au previously offered a five-year tie to Reserve Bank movements – that's now three years.

MyRate and B&E are other lenders to have upped rates, by 0.04 percentage points (to 6.95 per cent) and 0.05 percentage points (to 7.27 per cent).

Source: Sydney Morning Herald

Advertisement