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ISCOVER
Staff Reporter
Proving there is still plenty of life in the fixed rate market, one of Australia’s lenders has slashed the interest on its one-, three-, four- and five-year fixed rate home loans.
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Yesterday, Advantedge confirmed it had cut the interest on its one-year fixed rate by 10 basis points, taking its new rate to 4.54 per cent.
In addition, the lender trimmed 15 basis points from its three-year fixed rate, taking it to 4.69 per cent.
Advantedge has also unveiled a fixed rate from 5.06 per cent for a four-year loan and reduced its five-year term by a further 0.10 per cent.
Brett Halliwell, general manager of Advantedge Distribution, said the rate reductions are a reflection of Advantedge’s ongoing commitment to its brokers.
“Advantedge is committed to offering fixed rate products, available exclusively through the broker channel, which provide brokers with the opportunity to offer their customers some of the most competitive rates in the market.
"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,” he said.
Mr Halliwell added that Advantedge was well positioned to interpret the competitive nature of the market and intends to continue to respond accordingly.
“We’re constantly listening to broker feedback and working hard on improving our offering to give our brokers and their customers the product, price and service offering they deserve.” he said.
