Home Loan Interest Rate Update June 2022

Since the Reserve Bank of Australia increased interest rates by 0.25% we have seen most lenders increase their variable interest rates by o.25%. 

Fixed rates across the board have increase from 0.50% to 1.25%. This includes home, investment and SMSF loans. It is clear that most lenders see an increase in variable rates over the next few years due to inflationary pressures.

Below are a list of home loan interest rates that on offer at the moment. Please Note: that the interest rates below are only examples and are subject to change. Interest rates are subject to change and vary according to security type, property type, borrow amount against the properties value, loan amount, location, use and purpose. Please complete an online form so we can assess your commercial lending needs.

HOME LOANS

LOAN TYPE Interest Rate Comparison Rate Compare
Variable $100K to $1 million 2.01% 2.03% Enquire Here
$1 million plus 2.01% 2.03% Enquire Here
Professional Package 2.10% 2.22% Enquire Here
Line of Credit 3.24% NA% Enquire Here
1 Year Fixed 2.99% 3.43% Enquire Here
2 Year Fixed 3.49% 3.43% Enquire Here
3 Year Fixed 3.94% 3.18% Enquire Here
5 Year Fixed 4.49% 4.35% Enquire Here

INVESTMENT LOANS

Loan Type Interest Rate Comparison Rate Compare
Variable 2.19% 2.20% Enquire Here
Professional Package 2.19% 2.31% Enquire Here
Line of Credit 3.49% NA Enquire Here
1 Year Fixed 3.19% 4.66% Enquire Here
2 Year Fixed 3.79% 3.38% Enquire Here
3 Year Fixed 4.42% 3.57% Enquire Here
5 Year Fixed 4.69% 3.74% Enquire Here

LOW DOC LOANS

Loan Type Interest Rate Comparison Rate Compare
Variable Low Doc Loan 3.20% 3.32% Enquire Here
Professional Package Low Doc Loan 3.20% 3.32% Enquire Here
Line of Credit Low Doc Loan 3.39% NA% Enquire Here
1 Year Fixed Low Doc Loan NA% NA% Enquire Here
2 Year Fixed Low Doc Loan 6.44% 3.93% Enquire Here
3 Year Fixed Low Doc Loan 6.74% 3.44% Enquire Here
5 Year Fixed Low Doc Loan NA% NA% Enquire Here

SELF MANAGED SUPER FUND LOANS SMSF

Loan Type Interest Rate Comparison Rate Compare
Variable SMSF Loan 3.65% 3.77% Enquire Here
1 Year Fixed SMSF Loan 6.40% 3.85% Enquire Here
2 Year Fixed SMSF Loan 7.60% 4.27% Enquire Here
3 Year Fixed SMSF Loan 7.90% 4.67% Enquire Here
5 Year Fixed SMSF Loan 8.10% 5.39% Enquire Here

 

If you have any questions about these announcements or interest rates, please feel free to contact us.

Calculate the cost of commercial lending please feel free to use one of our calculators at home loan calculators.

For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website.

If you have any questions about these announcements or interest rates, please feel free to contact us.

Calculate the cost of commercial lending please feel free to use one of our calculators at commercial loan calculators.

For more information regarding commercial finance loans for owner occupied and investment purposes please visit commercial loans website

 

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