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Banks hike investment loan rates

31/7/2015

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Banks moved quickly to up their interest rates for investment home loans on the back of APRA's push for the banks to reduce residential investment lending. I fail to see how raising rates for existing customers is going to achieve this, looks like another profit grab?

If you have an investment property loan I would suggest you take a close look at the rate you are being charged as there are plenty of options away from the big banks!

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    Mark Grange Finance Broker Australian Credit license 388154

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    Australian Credit License 388154 AFCA 42054 MFAA 51942

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