SBS cuts longer term home loan rates

SBS and its fully-owned subsidiary HBS have cut their three and five-year home loan interest rates and now offer the most competitive carded bank rates for these terms.

The banks have cut their five-year rate by 70 basis points from 6.90% to 6.20% and introduced a special five year rate of 5.99% to customers who have all their banking with either firm and loan-to-valuation ratios of less than 80%.

The banks have also cut their three year mortgage rate by 25 basis points from 6.10% to 5.85%.  Like with the five year rate they have also introduced a 5.65% two and three year special  to borrowers with LVRs of 80% or lower.

Check and compare the latest home loan rates at our comprehensive table here.