Greater Bank cuts 5 year fixed rate to 3.99 percent

Greater Bank has cut fixed home loan rates (owner occupier and investment) by up to 0.25 percent and announced a 5 year fixed home loan rate under 4 percent.

The 5 year Ultimate Home Loan will be 3.99 percent from Monday May 16.  

The rate applies to owner occupier loans worth more than $150,000 where the loan to value ratio does not exceed 85 percent. 

The comparison rate is 4.48 percent. The three and four year rates are also 3.99 percent (comparison rates 4.51 percent and 4.49 percent respectively).

Greater Bank also cut all variable home loan rates by 0.25 percent this month.