Smart Search Finance has made changes to their home and investment loan interest rates for the major banks, smaller banks and non bank lenders. These changes were made due to the Reserve Bank of Australia increasing interest rates by 0.25% on 7th March 2023. Various factors, such as inflation, economic growth, and government policies are the major culprits for the interest rate rise across the Australian lending market..
For home loans, interest rates has increased by 0.25% across the majority of lenders. This means that borrowers will now have to pay a slightly higher/lower amount on their monthly mortgage payments. This change is important for borrowers to note, as it could have an impact on their finances.
For property investment loans, there also was a interest rate increased by 0.25%. This means that investors will now earn a slightly higher/lower return on their investments. This change is good news for investors who are looking to earn higher returns on their investments.
It is important to note that interest rates are constantly changing, and borrowers and investors must keep an eye on the market trends. This way, they can make informed decisions regarding their loans and investments. Smart Search Finance is committed to providing its customers with competitive interest rates and excellent service.
Please see some of the rates available for variable and fixed rate loans below.
TODAY’S INTEREST RATES
$4,000 CASH BACK for home and investment loans for purchases and refinance over $250,000. For more information request a Home Loan Quote
| Loan Type |
Interest Rate |
Loan to Value |
Quotes |
| Variable Interest Rates |
|
|
|
|
| Variable to $1 million |
4.81% CPR 4.87% |
95% |
Enquire |
| Variable Over $1 million |
4.81% CPR 4.87% |
95% |
Enquire |
| Variable 100% Offset |
4.88% CPR 5.06% |
95% |
Enquire |
| Line of Credit |
6.04% CPR NA |
95% |
Enquire |
| Fixed Interest Rates |
|
|
|
|
| 1 Year Fixed |
5.39% CPR 5.38% |
95% |
Enquire |
| 2 Year Fixed |
5.49% CPR 5.44% |
95% |
Enquire |
| 3 Year Fixed |
5.44% CPR 5.03% |
95% |
Enquire |
| 4 Year Fixed |
5.59% CPR 5.39% |
95% |
Enquire |
| 5 Year Fixed |
5.69% CPR 5.22% |
95% |
Enquire |
| 7 Year Fixed |
6.44% CPR 6.14% |
95% |
Enquire |
| 10 Year Fixed |
6.84% CPR 6.61% |
95% |
Enquire |
WARNING: The comparison rates (CPR) for all home loans are based on secured credit of $150,000 and a term of 25 years. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.
Smart Search Finance is not making any suggestion or recommendation about a particular credit product from this website. You may be viewing a product that is unsuitable for your lending needs. It is highly advised that you speak to one of our qualified licenced advisors or the relevant financial institution to ensure that interest rates, product information and your financial needs are suitable to apply for that product.
