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Non-bank increases discount

by Staff Reporter7 minute read
The Adviser

Staff Reporter

In light of the RBA’s recent rate cut, one lender has increased the promotional discount on its suite of prime products.

RESIMAC will now offer a further 20 basis point reduction for new business on selected products.

Chief operating officer Alan Savins said the additional rate cut reflects the company’s commitment to supporting its distribution network through unique products and competitively priced loans.

“These discounts in our Prime suite, come off the back of an announcement earlier this month which saw 0.50 per cent slashed off our full range of specialist lending products. Not only are our specialised products recognised as Australia’s best, they are now priced to capture the attention of all brokers.”

RESIMAC recently relaunched its retail business, offering an expanded range of full service prime and specialist lending products, including options for the SME, SMSF and PAYG borrower segments.

The promotional discount offer of 20 basis points is available for new business across selected prime products, received between today and 30 September.

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