- Home loan tracks RBA ‘cash rate’
- Low 3.99% variable rate
- One of the first of its kind in Australia
Auswide Bank has today released a new ‘rate tracker’ style home loan, believed to be the first of its kind in the Australian market.
The RBA Rate Tracker home loan will track the movements of the Reserve Bank of Australia (RBA) cash rate. If the RBA shifts interest rates up or down, the interest rate attached to the home loan also moves by the same percentage.
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