Resimac Prime and Prime Flex rates cut
Resimac has reduced Prime and Prime Flex interest rates by 15 bps^ for all owner-occupied and investment, principal & interest and interest-only products up to 80% LVR.
These new rates position Resimac as a strong competitor in the Prime variable rates space.
Resimac Prime Flex up to 70% LVR is now 2.14% p.a. (Variable, OO, P&I, $299 annual fee, comparison rate 2.51% p.a.*). Prime Flex between 70-to-80% has been reduced to 2.24% p.a. (Variable, OO, P&I, $299 annual fee, comparison rate 2.61% p.a.*).
Resimac Prime up to 70% LVR is now 2.44% p.a. (Variable, OO, P&I, comparison rate 2.48% p.a.*). Prime between 70-to-80% LVR has been reduced to 2.54% p.a. (Variable, OO, P&I, comparison rate 2.58% p.a.*).
You can check out all the new Prime and Prime Flex rates here.
While these new rates make Resimac Prime products extremely competitive when it comes to price, it’s our pragmatic approach to assessment and the various purposes that Prime and Prime Flex can be used for that really sets Resimac apart. Resimac Prime products can be used for business purposes1, debt consolidation2 and cash out3, as well as residential purchase and refinance.
Get in touch with one of our Resimac BDMs or Relationship Managers to discuss a scenario now.
Disclaimer: (1) Up to 80% LVR and $500,000. (2) Excluding tax debt, private or solicitor loans. (3) No limit up to 85% LVR and 20% of security value between 85.01% and 90% LVR. ^Compared to rates prior to 22 September 2021. *Rates shown apply to new business only and may vary before the loan is settled. Rates shown do not apply to all loan sizes, purposes, repayment types, scenarios or LVRs, unless otherwise stated. Rates and promotions are subject to change without notice. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms & conditions, fees, charges and credit criteria apply.
