First time 3 lenders cut variable rates out-of-cycle by as much as -0.20 percentage points. RateCity expects more lenders to follow with variable home loan rate cuts. Borrowers urged to take control of home loans: don’t wait for a discount!
Borrowers set for savings with 3 lenders cut variable rates
Variable rates to push below 3.5% in August, first time on record
Variable home loan rates are set to dip below 3.5 per cent this month – the lowest on record – following today’s decision by the Reserve Bank to cut the cash rate to 1.50 per cent.
RBA stalls, yet home loan rates continue to drop
The RBA may have left the cash rate unchanged at 1.50 per cent at today’s Board meeting, but home loan rates continue to drop with close to 200 cuts in the past month.
Rate update: who has moved
All four of the big banks have announced they will cut variable home loan rates, withholding around half of yesterday’s 25 basis point RBA cut.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.