Are you taking advantage of the best interest rates available?

With the recent decrease in the Cash Rate by the Reserve Bank for the first time since August 2016, are your loan interest rates the best available?

The Australian mortgage market has been constantly changing, impacted by the Banking Royal Commission and other regulatory interventions. ThisĀ  in turn has seen interest rates moving all over the place during the last 12 months.

Most banks have recently reduced their variable interest rates following the change in the Cash Rate, however fixed rates have also been moving down. Investment loan interest rates have also experienced constant change.

It is difficult to be on top of this ever changing market. This is where Allan Hall Finance can help you.

Variable loan rates

Did you know that many banks will offer a lower rate for new business clients compared to existing clients? In many cases your loyalty is costing you money.

For example ING Bank Australia will be offering a variable interest rate of 3.14% for loans over $1m where the loan is 80% or less of the property value!

Macquarie Bank is also offering 3.24% for any amount where your loan is 70% or less of the property value.

Investment loan rates

Another evolving market is investment loans. When banks were required to limit investment lending they increased the interest rate. These limitations have been lifted and interest rates are decreasing. For example, Macquarie Bank are offering 3.54% for investment loans, where the loan is 70% or less of the property value and repayments are principal and interest.

Fixed load rates

Fixed interest rates have also been decreasing and this may suit your loan requirements. For your home loan you can fix for 2 years at 3.29% and your investment loan at 3.59%.

Free review of your home loan from Allan Hall Finance

In summary, we strongly suggest you contact our team at Allan Hall Finance using the button below or by calling +61 412 038 205. Our Finance team will complete a free review of your current loans and the saving of interest can be substantial.

CONTACT ALLAN HALL FINANCE

Allan Hall named finalist in numerous firm-wide categories

Allan Hall Business Advisors continues to impress with individual, network and firm-wide awards and accolades, with our latest nomination as winner of the Client Choice Awards 2020, Women in Finance Awards 2019 and HR Manager of the Year 2019. For further details and a full list of our recent awards, click below.

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Allan Hall Business Advisors is an integral member of Alliott Group, a growing alliance of 170+ accounting and law firms inĀ  across 70+ countries globally. As part of this alliance, we can connect with like-minded members of Alliott Group in other jurisdictions to support and advise our clients who are wishing to explore and develop business opportunities both locally and internationally.