Media Centre
6 September 2011
One-quarter of ME Bank's new home borrowers seek fixed rate loans
One in four of ME Bank's new home loan customers last week decided to fix the interest on their home loans rather than risk the vagaries of the economy or changes to standard variable interest rates.
Ian Hendey, Group Executive, Brand, Product and Distribution said part of the attraction of fixing the rate could be ME Bank's fixed home loan interest rate of 6.35% p.a. over three years, the lowest in the market.
"The reality is Australians are worried about interest rate volatility, fluctuations in the share market, the rising cost of living and job security, all of which impact on consumer confidence," he said.
"For people experiencing uncertainty about their future income, a fixed rate provides the assurance that their repayments will not fluctuate over the period of the fixed rate. Fixed rates reflect a simple yet stable pricing structure that gives customers the confidence to plan their finances with the certainty of knowing exactly how their repayments will be configured," Mr. Hendey added.
Media ContactsBurson-MarstellerPeri MuddleSenior AssociateT: 0421 685 285 |
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