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Lender offers its lowest-ever rate

by Staff reporter9 minute read
The Adviser

Non-bank lender Loan Ave has launched its latest rate-cutting campaign for its Platinum three-year fixed-rate products.

The campaign sees rates start at 4.29 per cent for the product range, with a comparison rate of 4.47 per cent – the lowest fixed-rate product Loan Ave has had in its 10-year history.

Loan Ave managing director Paul Collins said the new campaign highlights the Adelaide-based lender’s commitment to offering borrowers value on an ongoing basis.

“This is more than just a headline rate,” he said. “The low set-up costs, no ongoing fees, and a low reversion rate save the customer in the long run, shown in the comparison rate.”

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“With the comparison rate this low, it is hard to ignore just how much you are saving when compared to comparable products in the market.”

Mr Collins said the campaign reinforces Loan Ave’s commitment to offering borrowers the best possible value.

“This latest rate announcement is proof of this,” he said. “Not only are we offering a rate that sits as one of the best in the market, we’ve done it on one of the most competitively-featured fixed-rate products you will find in Australia.

“We’re proud to offer such a strong rate without any ongoing fees and 100 per cent offset on a fixed rate.”

Loan Ave’s campaign launch coincides with the lender’s 10-year anniversary.

“It’s a big milestone for Loan Ave,” Mr Collins said. “We’ve worked hard over the past 10 years to get to this position, and the support from our business partners over that time has been great.

“This campaign is a nice way to help celebrate and give something back.”

[Related: Discounting continues as two more lenders drop rates]

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