The major bank has today announced it will be decreasing the bank’s Home and Investment Property Loan fixed interest rate terms for loans of 2 to 12 years inclusive.
The new rates are available from today, both to new and existing customers.
Westpac has cut up to 20 basis points off its current fixed rate for these 2 to 12 year loan terms. When customers sign up for Westpac's Premier Advantage Package the bank’s fixed rates for 2 and 3 year loan terms are the lowest amongst the leading lenders, Westpac said.
With the introduction of the new offer, Westpac's 2 and 3 year fixed rates sit at 6.99 per cent and 7.09 per cent respectively.