Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

QPCU announces new discounted rate

rate cut  x rate cut  x
Huntley Mitchell 4 minute read

Queensland Police Credit Union (QPCU) is offering a 30-basis-point discount on one of its fixed-rate products.

The lender's three-year fixed rate home loan has been reduced from 4.19 per cent to 3.89 per cent, with a comparison rate of 4.50 per cent.

The new rate comes into effect today and is valid for new principal-and-interest loans of more than $150,000. It also includes no monthly fees, free online redraw and no penalty for extra payments.

Commenting on the new rate yesterday, QPCU chief executive Grant Devine said the discount presents unparalleled value for members of the credit union.

Advertisement
Advertisement

"The rates we have announced today really are market-leading and show our commitment to providing better value than our competitors," he said.

QPCU's announcement comes after Teachers Mutual Bank launched its new Classic Home Loan with a variable rate of 4.11 per cent, and a comparison rate of 4.16 per cent.

The product is available for a limited time only for loan amounts between $150,000 to $1 million, and features a fee-free redraw facility.

“We always strive to keep our rates among the most competitive in the market and our new Classic Home Loan certainly demonstrates this,” Mark Middleton, national manager of third-party distribution at Teachers Mutual Bank, said.

“This product is a great option for rate-driven buyers looking to climb the property ladder this spring.”

PROMOTED CONTENT


[Related: Iden Group to offer 300-basis-point rate discounts]

 

 

QPCU announces new discounted rate
rate cut  x
TheAdviser logo

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

rate cut  x

 

more from the adviser
Sydney Sydney mayor launches business support, calls for JobKeeper

Sydney’s mayor has urged the federal government to resurrect Jo...

mortgage payments money Banks accused of bias against BNPL in lending process

An executive from buy now, pay later provider Zip has echoed repo...

Brisbane bridge sunset ta Expect Olympics-fuelled growth in Qld, says broker

South-East Queensland can expect a spike in residential and comme...