RAMS introduces new products.

It is a well-publicised fact that competition in the home loan market is fierce. The main battleground has been over interest rates, with the focus in more recent times shifting towards features.

In line with this shift RAMS have introduced two new home loan products; the RAMS Sure Home Loan and the RAMS Basic Home Loan.

The Sure product is a 1-year variable rate, currently 5.75%, which then converts to a roll rate, currently 6.69%.

The Basic product has a rate of 6.15%.

The introduction of these two products gives RAMS a good coverage of home loan products, it will be interesting to see how other institutions, that don’t have a full range, respond to this move.