National drops fixed rate home loans - 26 March 2001
Monday, 26 March 2001
The National Australia Bank has announced a reduction in fixed interest rate home loans, effective from Monday 26 March 2001.
The new rates are as follows:
| 1 year | 6.39% | (previously 6.79%) |
| 2 year | 6.39% | (previously 6.79%) |
| 3 year | 6.29% | (previously 6.49%) |
| 4 year | 6.59% | (previously 6.99%) |
| 5 year | 6.59% | (previously 6.99%) |
| 10 year | 7.69% | (remains the same) |
Mr Ken Hodgson, the National's General Manager, Retail Financial Services, said the decision to lower fixed rate home loans gives home buyers greater buying power coming into autumn which is traditionally a popular home buying period.
"Our three year fixed rate loan represents outstanding value for home buyers and it's a term for which we have seen consistent demand," Mr Hodgson said.
* The information contained in this media release is for media advice purposes only. The contents are true and correct at time of publishing/issuing, however may change over time. For further information about NAB products or rates, please go to Interest Rates, Fees & Charges
