State Custodians pass on full rate cut with 4.74% high deposit offering
Glenn DwyerDecember 7, 2020
Non-bank lender State Custodians has passed on Tuesday's Reserve Bank interest rate cut in full across all its variable home loan products.
Its peak performance home loan will reduce to 4.74%, one of the lowest offerings in the market.
“The peak performance loan comes with a free 100% offset account – this helps our customers to further reduce the interest they pay," says CEO Heidi Armstrong.
"In addition we’re increasing the acceptable loan to value ratio (LVR) from 75% to 80% – and making the loan available for both refinances and purchases."