Westpac Cuts Home Loan Rates for New Customers
Westpac Banking has cut advertised packaged variable home loan rates by up to 1.4% per annum for new customers applying to the bank's premier advantage package, according to a Wednesday statement by the company. The bank cut the package variable rate for owner-occupier refinancers to 6.24% per annum from 7.29% per annum and for investors to 6.44% per annum from 7.84% per annum, for loans with a 70% to 80% loan-to-value ratio, the bank said. Existing customers on packaged variable loans will retain their current negotiated discounts, the bank added.
Westpac Banking has cut advertised packaged variable home loan rates by up to 1.4% per annum for new customers applying to the bank's premier advantage package, according to a Wednesday statement by the company.
The bank cut the package variable rate for owner-occupier refinancers to 6.24% per annum from 7.29% per annum and for investors to 6.44% per annum from 7.84% per annum, for loans with a 70% to 80% loan-to-value ratio, the bank said.
Existing customers on packaged variable loans will retain their current negotiated discounts, the bank added.
