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Changes to fixed term home loan rates

16 November 2004

Westpac announces changes to fixed term home loan rates

Westpac has today announced a new 18 month fixed term home loan rate of 6.99%

In addition, the bank has also dropped its 30 month fixed term rate to 7.19%

The 18 month rate is a new rate for Westpac, which will be available from Tuesday 16 November.

Westpac now offers the widest range of fixed terms of the major banks, giving customers increased flexibility, according to Michelle van Gaalen, GM Marketing & Products, Westpac.

“We believe that our wide range of terms and rates, along with the independent acknowledgement of our products as the highest quality in the market, provides a very compelling story for customers,” said van Gaalen.

Westpac also remains the only bank of the five majors to offer capped rate home loans.

ENDS

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