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  • 04 May 2016

    RAMS cuts home loan interest rates

    RAMS today announced a reduction in its variable home loan (owner occupied) and investment loan rates by 0.25%. The effective date is 23 May, 2016.

    This will bring the RAMS Standard Variable Rate for owner occupiers to 5.30% per annum (comparison rate 5.37% per annum*) and the RAMS Standard Variable Investment Rate to 5.55% per annum (comparison rate 5.62% per annum*). 

    Martine Jager, RAMS Chief Executive Officer said: “Following the Reserve Bank of Australia’s decision to cut interest rates by 0.25% p.a, RAMS will pass on the full rate cut to customers, helping more Australians into their own homes.”

    The 0.25% p.a reduction means customers will see their repayments reduce by $54 a month on a $350,000 RAMS Full Feature owner occupied variable rate loan with a 30 year loan term.

    “With interest rates remaining at record lows now is a great time for home buyers, property investors, and those upgrading or refinancing their home loan to talk to RAMS,” Ms Jager said.

    For more information, or assistance and advice in relation to existing or new loans, customers can visit their local RAMS Home Loan Centre, www.rams.com.au or call 13 RAMS that’s 13 7267.

     

    Note to editors:  

    *Comparison rates are based on a loan of $150,000 for 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.

     

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