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Wide Bay Australia reduces variable rate to 4.65pc

by Staff Reporter7 minute read
The Adviser

Wide Bay Australia has unveiled its lowest ever home loan rate after making cuts of up to 65 basis points.

The building society has temporarily reduced its variable rate to 4.65 per cent for loans of at least $150,000.

The previous variable rate was 5.04 per cent for loans with an LVR of less than 80 per cent and 5.30 per cent for loans with an LVR of at least 80 per cent.

An end date has yet to be decided for this temporary offer.

Wide Bay's lending sales manager Matt Challies, said Wide Bay was proud to offer such a low variable interest rate in such a competitive environment.

"Our customers can also be assured that they will be able to talk to a real person when they need to. We care for and provide support to the communities in which we operate," he said.

"The big difference at Wide Bay is that our lenders are locally based and have a real interest in meeting a borrower's unique situation."

[Related: Wide Bay offers variable rate discounts of 1.14pc]