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Westpac cuts fixed interest rates

by Staff Reporter6 minute read

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.

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