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National Australia Bank will reduce Personal/Residential Investment Fixed Rate Interest Only Loan rates by up to 0.2 per cent between April 10 and July 2, 2000. The rate for the one year fixed rate interest only loan with interest paid in advance will fall from 7.39 per cent to 7.19 per cent, two, four and five year rates have been reduced by 0.1 per cent. "It is the time of year that people have to reconsider their investment portfolios and the associated financing," says Mike Pratt, Chief Executive Officer, Australian Financial Services. "The National is well resourced to provide investors with good advice about investing and wealth creation and we are determined to make the associated borrowing an easy decision. "As long as investors understand risk and diversification and make sure their investments match their personal risk profile then borrowings are an important component of the wealth creation process," he says. The National provides fixed rate interest only investment loans from one to five years with the option of paying interest in advance or in arrears.
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