::__IHACKLOG_REMOTE_IMAGE_AUTODOWN_BLOCK__::0 Mumbai: Indian bankers say piles of bad debt and the high cost of deposits mean they are unlikely to reduce interest rates on loans by as much as the central bank cut its key lending rate in a bid to spur growth. The reluctance of bankers to pass on […]
A survey has found that at the end of 2018 confidence in Australia’s property industry fell to its lowest level in five years. According to the ANZ/Property Council of Australia survey, overall confidence in the Australian property industry fell by 11.3% over the past 12 months, reaching its lowest point since […]
National Australia Bank (NAB) last week cut fixed and variable mortgage interest rates on selected home loans. Other banks that also shifted their rates last week included AMP, Teachers Mutual Bank and Adelaide Bank. NAB’s Base Variable Home Loan Special saw its interest rate reduced by 20 basis points to 3.79% p.a. (comparison […]
Considering a home loan with Macquarie Bank or ING? It may have just gotten cheaper. Both banks have made changes to a wide variety of their mortgage rates, with Macquarie lowering rates by up to 60 basis points and ING by up to 40 basis points (see tables below). ING has […]
ME Bank has reduced its home loan interest rates by up to 50 basis points, which could lower the cost of a typical mortgage by $42,000. ME Bank has made changes to its: 1-year fixed rates 2-year fixed rates 3-year fixed rates 4-year fixed rates 5-year fixed rates Most of the interest rate […]
Housing for all by 2022 has been one of the important drivers of the government’s long-term developmental plans. To continue the momentum of infrastructure creation, the Budget is expected to focus on addressing the needs of the common man, especially in terms of extending tax incentives for housing. Expansion of […]
Australia’s big four banks and a host of challenger lenders are offering three-year fixed-rate home loans for under 4 per cent. The three-year home loans with the lowest interest rates are for owner-occupiers with a maximum loan-to-value ratio (LVR) of 80 per cent. Both Westpac and Commonwealth Bank have three-year mortgages with advertised rates […]
Let us see how the interest rate on your loan works. In a fixed rate loan, let’s say a fixed rate home loan, the rate of interest is fixed for the entire tenure, unless there is a clause in the fine print that allows the lender to change the interest rate even […]
Several lenders increased variable interest rates on selected home loans in the last week of February, though there were also cuts to some fixed rate loans. Auswide increased both its fixed and variable rates for owner occupiers and investors, with the smallest increase being by 3 basis points, and the […]
The recently promulgated ordinance—The Banning of Unregulated Deposit Schemes Ordinance, 2019—is well-intentioned and is meant to prohibit acceptance of deposits by unscrupulous persons, causing loss of savings of common people. Concerns have been expressed that the law is extremely harsh and will lead to hardship for many individuals, small businesses, […]
Several Australian banks have adjusted their home loan interest rates this week, with some lenders lowering their fixed rates, while others increased theirs. St.George this week reduced some of its fixed interest rates, including the 2 Year Owner Occupier Principal & Interest home loan, which went down by 0.06% p.a., as well […]
