As we progress into the New Year more lenders are having special promotions to obtain business. The latest across my desk is a discount of 0.20% on the basic variable rate for new lending of $150,000 and over, which commences 31 January and is available until 29 April 2011.
For a loan of $150,000 over 25 years this can represent a saving of $19.25 per month. This does not seem much but when average home loans are around $300,000 this count represent a saving of around $38.50 per month.
An offer suitable for small business - business loans at residential rates with no cash out restrictions on loans up to $1Mil and a lending ratio of 90%. You can borrow as a company, trust or individual.
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