Greater Bank Ultimate 1 Year Fixed Home Loan - 2.99% (CR: 4.42%)
Been shopping around for a home loan to refinance to and with the potential rate cut around the corner, I stumbled across Greater Bank's announcement to reduce their rates ahead of the RBA announcement. The reduced rate will start 3rd of June, I assume many other lenders will follow as well.
Greater Bank will offer the lowest one-year fixed rate home loan in the market, after announcing today that it will reduce the interest rate on it's Ultimate Home Loan and Great Rate Home Loan to 2.99%p.a.
The new rates will be effective from Monday, June 3rd and available to new home loan customers or existing home loan customers wishing to refinance to a fixed term product.