Lender cuts variable rate
08 SEP 2010
7 min read
Finance
AMP has cut 13 basis points from its Basic Variable Home Loan, taking it to 6.64 per cent.
In addition, the bank has also launched a new Basic Package made up of the Basic Variable Rate Loan with 100 per cent Mortgage Interest Offset Account and a Basic Fixed Rate Loan.
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AMP Banking head of sales and marketing Steve Craig said there was an increasing demand for home loans that combined variable and fixed rate loans.
“There are a growing number of customers that want peace of mind against rising interest rates,” he said.
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