ANZ Bank reduces one-year and 18-month special home loan rates by 40bps and 50bps, respectively.
ANZ Bank has announced its largest home loan rate cuts this year, reducing its special one-year rate by 40 basis points to 6.45%, and the 18-month special rate by 50 basis points to 5.99%. The bank's decision to pass on lower rates to customers is part of a competitive environment where banks are striving to offer competitive mortgage lending rates. The rate cuts follow the Reserve Bank's interest rate cut and the fall in wholesale interest rates.
August 19, 2024
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