Expert insights Loans.com.au 4.54% rate close to 4.56% comparison rate Finance Loans.com.au 4.54% rate close to 4.56% comparison rate Loans.com.au 4.54% rate close to 4.56% comparison rate

Loans.com.au 4.54% rate close to 4.56% comparison rate

Loans.com.au 4.54% rate close to 4.56% comparison rate
Jonathan ChancellorDecember 7, 2020

The loans.com.au’s Dream Home Loan, which has a variable rate of 4.54%, has been extended to a loan to value ratio (LVR) of 90%.

The Dream Home Loan ranks high on the online comparison site Mozo.

Extending the offering to 90% LVR gives borrowers a 0.15% discount, a saving of $36 per month in interest, or $12,960 over the life of a $400,000 loan.

Kim Cannon, managing director of Firstmac, said the move was a reaction to the "extremely competitive" mortgage market at the moment

Cannon stressed the true measure of good value was having a comparison rate very close to the interest rate.

The loans.com.au Dream Home Loan Blackboard Special has a comparison rate of 4.56%. 

Loans.com.au is an independently-owned, on-line lender, with finance products backed by Firstmac, which has $6 billion in mortgages under management.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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