Restrictions removed from ANZ Simple Variable rate

In a sign that credit conditions maybe easing and banks getting more competitive, ANZ has made changes to its Simple Variable rate.

It removed its condition of 80% or less LVR and is now offering its product at 5.69% to all customers.

Meanwhile HBS made a change to its one-year rate hiking it up 15 basis points to 6.10% which is still below the median of 6.30% for non-bank lenders.

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