Three banks slash home loan rates

Westpac owned St. George Bank, the Bank of Melbourne and BankSA have announced variable and fixed home loan rate cuts.

All three banks now have a new headline variable rate of 4.19 per cent for their owner-occupied Basic Home Loan. This promotional rate is a limited time offer with no set end date as yet. All three banks also have a new two-year fixed promotional rate for owner-occupier loans at 4.34 per cent and a five-year fixed rate for investors and owner-occupiers of 4.74 per cent.

Sourece: The Adviser