By: Staff Reporter
ING DIRECT has moved to lower the rates on its fixed rate home loans for the third time in a month.
Effective as of Friday, the bank’s two and three year fixed rate mortgages now stand at 7.09 per cent – reflecting reductions of 0.10 and 0.20 per cent respectively.
Lisa Claes, ING DIRECT executive director of mortgages, said the decrease was a further example of the bank’s commitment to challenging the big four.
“We are determined to offer the best possible value for customers.”
According to Ms Claes fixed rates are becoming increasingly attractive to customers.
“This rate decrease offers further value for money for customers who want stability in repayments,” she said.
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