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Friday, August 22, 2008

ANZ reduces interest rates on loans effective 01.09.08

Australia and New Zealand Banking Group Limited (ANZ) has announced a 0.25 % reduction in interest rate for its variable residential property loans. The new standard variable rate will be 9.50 % per annum.

The new fixed rates for residential property loans effective from 1 September, 2008 are:

  • 1 Year - 7.50% per annum
  • 2 Year - 8.00% per annum
  • 3 Year - 8.50% per annum.

For more information, pls call the ANZ Bank branch near you.

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