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ISCOVER
Staff Reporter
One of Australia’s non-bank lenders has not only slashed the interest on its two and three year MyLoan fixed rates, but it has also cut the interest on its roll-over rate in an attempt to claw market share away from the majors.
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Future Financial will now offer a two year fixed rate of just 6.79 per cent, and a three year fixed rate of 6.89 per cent.
In addition, its automatic roll-over rate at the end of the fixed rate period has been reduced to just 7.19 per cent – almost 60 basis points below the big four.
"We have always and will continue to remain dedicated to the broker network. This reduction in fixed rates along with our no clawback no DEF offer helps to maintain growth in this sector" Future Financial’s general manager Troy McLachlan said.
Finally, the company has also announced it will now offer fixed rates on purchases, refinances and construction loans for home buyers and investors.
