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Macquarie Bank has become the latest in a long line of lenders to enhance its fixed rate offering.
Effective from today, the bank will offer a one, two and three year fixed rate of just 6.29 per cent.
The team is focusing on providing genuine competition in the market through competitive and compelling rate and service propositions, Macquarie’s mortgage business head of product James Casey said.
“Together with our competitive variable rates of 6.89 and 6.99 per cent, we are continuing our commitment to our clients and distribution partners with a great product and service offering,” he said.
Macquarie is also offering a rate of 6.59 per cent for a four year fixed term and 6.69 per cent for a five year fixed term.
New and existing borrowers are able to fix either all or a portion of the balance of their loans at these competitive fixed rates for no additional cost.
Rates refer to a fixed price or an amount charged by sellers or providers for their goods and services.