SBS cuts longer term home loan rates
SBS and its sister HBS have taken market leading positions with medium and long term fixed home loan rates.
Tuesday, May 8th 2012, 10:49PM
SBS and its fully-owned subsidiary HBS have cut their three and five-year home loan interest rates and now offer the most competitive carded bank rates for these terms.
The banks have cut their five-year rate by 70 basis points from 6.90% to 6.20% and introduced a special five year rate of 5.99% to customers who have all their banking with either firm and loan-to-valuation ratios of less than 80%.
The banks have also cut their three year mortgage rate by 25 basis points from 6.10% to 5.85%. Like with the five year rate they have also introduced a 5.65% two and three year special to borrowers with LVRs of 80% or lower.
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