Powered by MOMENTUM MEDIA
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 1 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.

"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.

Advertisement
Advertisement

PROMOTED FEATURES


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

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

 

 

QPCU announces new discounted rate
rate cut  x
TheAdviser logo
rate cut  x

 

more from the adviser
parliament Final clawback regulations released

The final regulations for mortgage brokers focusing on the new cl...

KAte Carnell ASBFEO ASBFEO reiterates call for more SME support

SME advisers – including brokers, accountants and financial pla...

loan application AMP lowers floor rate, updates HEM benchmark

The non-major has announced a number of changes to its credit pol...

FROM THE WEB