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Aussie uses Origin to slash SVR

by Staff Reporter10 minute read
The Adviser

By: Staff Reporter

Aussie Home Loans is looking to slash the interest rate on its standard variable loan for all new borrowers.

Aussie will give its customers a 0.01 per cent discount off the Aussie Standard Variable Rate (SVR) for every point the NSW Aussie Blues score against Queensland, in the kickoff match on 26 May 2010.

For example, if the NSW Aussie Blues score 30 points, Aussie will give a 0.30 per cent discount for any customers taking out a new Aussie Standard Variable Rate Loan for the life of the loan.

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Even if the Blues fail to score over 20 points, Aussie will still discount the loan by 0.20 per cent, subject to terms and conditions.

Aussie’s founder and executive chairman John Symond said the latest promotion will support Aussie’s sponsorship team, the NSW Aussie Blues, as well as help customers to get a great deal on their home loan.

“Of course we’ll all be hoping for a big score against the Maroons,” Mr Symond said.

“And to be able to translate that into potentially huge savings off your mortgage is fantastic.”

“If the NSW Aussie Blues score 20 points in the game you could save $15,294.81 off a $305,000 loan taken over 30 years.”

Mr Symond said the offer will be available after each of the three games and was not dependant on whether NSW won the game.

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