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One non-major bank has announced new discount rates for home loans of up to 70 per cent LVR.
Macquarie Bank revealed that the initial rate for its basic, offset and line of credit packages would now range from 4.74 per cent to 4.89 per cent.
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Loans under $500,000 have been priced at 4.89 per cent; loans between $500,000 and $749,000 are 4.84 per cent; loans from $750,000 to $1.49 million are 4.79 per cent; and loans greater than $1.5 million will have a rate of 4.74 per cent.
Macquarie has also introduced new initial rates for its Flyer products across the basic, offset and line of credit packages.
Loans under $500,000 have been priced at 4.94 per cent; loans from $500,000 to $749,000 are 4.89 per cent; loans from $750,000 to $1.49 million are 4.84 per cent; and loans greater than $1.5 million are 4.79 per cent.
