On Thursday Tasmania-based Bank of Us cut its 'FlexiDiscount' one-year fixed-rate home loan by 20 basis points.
For owner occupier borrowers with 80% LVR, the advertised rate is now 1.59% p.a. (2.43% p.a. comparison rate*).
This is a limited time offer for Tasmanian residents only, open to new lending through 10 December.
This matches Greater Bank's lowest advertised rate announced just over a week ago.
However, Greater Bank's home loan rate is fixed for two years, and features a slightly lower comparison rate.
Bank of Us also reduced its variable FlexiDiscount offer for owner occupiers by 10 basis points down to 2.09% p.a. (2.11% p.a. comparison rate*).
Some other customer-owned banks adjusted home loan rates in the past week.
On Friday, Teachers Mutual and its subsidiary Firefighters Mutual increased interest rates on a number of home loans, including:
- Your Way P&I Fixed 4 Years: Up 20 basis points to 2.49% p.a. (3.73% p.a. comparison rate*)
- Your Way P&I Fixed 5 Years: Up 20 basis points to 2.94% p.a. (3.79% p.a. comparison rate*)
Similar hikes were also applied to its investment product lines.
Earlier, Great Southern Bank made a variety of cuts, most notably:
- Basic Variable P&I 80%: 10 basis point cut to 2.39% p.a. (2.44% p.a. comparison rate*)
- Investment Fixed P&I 1 Year: 30 basis point cut to 2.39% p.a. (4.07% p.a. comparison rate*)
It also increased interest rates by 5 basis points on its owner occupied home loans fixed for two and three years.
Qudos Bank reduced rates on three home loans for owner occupiers:
- No Frills P&I 80%: 5 basis point cut to 2.39% p.a. (2.39% p.a. comparison rate*)
- Fixed P&I 80% 1 Year: 10 basis point cut to 1.89% p.a. (2.71% p.a. comparison rate*)
- Fixed P&I 80% 2 Years: 10 basis point cut to 1.89% p.a. (2.64% p.a. comparison rate*)
Hume Bank also moved rates on a wide range of home loans by 5 basis points, most notably:
- myBlue P&I Fixed 1 Year 90%: Up to 1.94% p.a. (2.40% p.a. comparison rate*)
- myBlue Investment P&I Fixed 2 Years 60%: Down to 2.29% p.a. (2.50% p.a. comparison rate*)
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Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.
| Lender | Home Loan | Interest Rate | Comparison Rate* | Monthly Repayment | Repayment type | Rate Type | Offset | Redraw | Ongoing Fees | Upfront Fees | Max LVR | Lump Sum Repayment | Extra Repayments | Split Loan Option | Tags | Features | Link | Compare | Promoted Product | Disclosure |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5.94% p.a. | 5.98% p.a. | $2,978 | Principal & Interest | Variable | $0 | $530 | 90% |
| Promoted | Disclosure | ||||||||||
5.89% p.a. | 5.80% p.a. | $2,962 | Principal & Interest | Variable | $0 | $0 | 80% |
| Promoted | Disclosure | ||||||||||
5.99% p.a. | 6.02% p.a. | $2,995 | Principal & Interest | Fixed | $0 | $0 | 60% |
| Promoted | Disclosure | ||||||||||
5.93% p.a. | 5.93% p.a. | $2,975 | Principal & Interest | Variable | $0 | $395 | 70% | Disclosure |
