ANZ to pass on full rate cut

Posted on June 13th, 2012 · Posted in News

Yes, it’s true the ANZ have announced that they will pass onto their customers the full 25 point drop in interest rates announced by the RBA last week. While the ANZ are the only ones passing it on in full, Westpac, CBA and the NAB have also moved to drop their rates but not in full.

No matter which lender you are with, this is great news. We strongly recommend that you continue making the same repayments you were before the announcement as it means you can pay a little extra off your principal each repayment and ultimately pay your loan off sooner.

Contact us if you would like to review your current lender or interest rates and we can ensure that you are in a competitive product.