UBank has made a reduction of 0.10 percentage points to its discounted variable rate for investors paying principal and interest.
The UBank Investor Rate is now priced at 3.99 per cent for both the advertised rate and comparison rate – down from 4.09 per cent.
This is significantly lower than the average interest rate (4.79 per cent) for all the P&I investment loan products on RateCity.
UBank’s other home loans for investors paying principal and interest include:
|Product||Advertised rate||Comparison rate|
|Standard variable rate||4.66%||4.59%|
|1-year fixed rate||3.99%||4.62%|
|3-year fixed rate||4.14%||4.47%|
|5-year fixed rate||4.49%||4.56%|