|
The National Australia Bank has lowered its six-month introductory interest rate for the National Tailored Home Loan Package to only 3.99%, and its 12-month introductory rate falls from 4.95% to 4.89%.
The special offer sees the National's six-month introductory rate for new National Tailored Home Loan Package customers fall from 4.75% to 3.99%. The new rate will be available for a limited time only.
Mr Ken Hodgson, the National's General Manager, Personal Financial Services, said that the last time interest rates were this low was back at the beginning of the baby boomer period.
"Reserve Bank data shows that the last time home interest rates were this low from a bank was 1952- five years before the construction of the Sydney Opera House began, and when the FJ Holden was one of Australia's most popular cars.
"This is a great opportunity for those looking at getting into the homeowner market for the first time and those thinking about refinancing.
"At the National we offer a home loan tailored to the needs of the customer. Through our assessment process, the National's personal bankers make sure that any home loan we offer to the customer is affordable and tailored to individual circumstances."
As well as the special, low rate available with the National Tailored Home Loan Package*, customers receive a range of other benefits. These benefits include: your own personal or business banker; a fee-free transaction account, a credit card with no annual fee; a redraw facility; optional link to the National's interest offset account to minimise interest repayments at the end of the fixed period and the flexibility to take the home loan with the customer if they decide to move home.
The National will promote the special home loan offer via a television, radio and print advertising campaign from Sunday 21 October, 2001. Customers wishing to find out more about a National tailored home loan to suit their needs should call 13 13 12.
- $50,000 minimum borrowing applies.
|
