Proving competition in the fixed rate space is alive and well, Advantedge has come to market with a suite of leading fixed rates.
Yesterday, the lender announced it would offer a one and two year fixed rate home loan from just 4.99 per cent.
The lender also said it would offer a three year fixed rate for 5.09 per cent.
The new rates will be available from today onwards through PLAN Lending, FASTLend and ChoiceLend.
Speaking about the fixed home loans, Advantedge’s general manager distribution Brett Halliwell said the new rates would only be available using a combination of product options and loan features.
To receive the discounted rate option, borrowers must combine the combo discount, low LVR discount and low rate option on a full doc standard loan.
“It’s been a long time since the market has seen a fixed rate starting with a ‘4’. We are happy to drive competition by offering brokers under the Choice, PLAN and FAST aggregation platforms exclusive access to our attractively priced home-brand products. Our white label model means we have the flexibility to offer competitive rates,” Mr Halliwell said.
“This competitive pricing is supported by our commitment to delivering on our promise to provide competitive products for brokers and their customers.”
Advantedge's new pricing campaign comes just one day after Citibank launched a five year fixed rate of 5.59 per cent.