BEYOND BANK LAUNCHES A SPECIAL LOW HOME LOAN INTEREST RATE

One of the nation’s largest customer-owned banks, Beyond Bank Australia, has kicked off the year with the launch of a special standard variable interest rate home loan with a comparison rate of just 4.59%p.a¹.

This special variable interest rate positions Beyond Bank Australia in the top 5 lowest rates currently on the market.

Beyond Bank Australia’s Chief Executive Officer Robert Keogh said the record low interest rates, combined with the fresh perspective of a new year, presents a timely opportunity for people to invest and secure their future through home ownership.

“We know the value of owning your own home and want to give individuals, couples and families the best possible chance of taking the leap with our special variable rate offer,” said Mr Keogh.

“As a 100% customer-owned business, we have a very clear focus on returning value to our customers and the communities in which we operate”.

“This low rate, together with no establishment or ongoing fees and the ability to make additional repayments, is just another way we are tangibly demonstrating our ongoing support,” he said.

Beyond Bank’s move to a significantly reduced variable rate home loan offer through its special interest rate supports the recent spike in refinancing as borrowers hunt for better interest rates in the competitive mortgage market.

"In 2015 we will continue to focus on meeting the needs of our customers, by making home ownership more accessible,” Mr Keogh said.

¹Variable Comparison Rate: 4.59%p.a., no establishment or ongoing fees. Minimum loan amount is $150,000 with minimum 20% deposit.   For more information please visit: beyondbank.com.au/homeloanoffer