Transact Credit Union Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
Transact Credit Union reduces select investment home loan interest rates
3 June 2021
Investors can secure a home loan interest rate from as low as 2.39% with Transact Credit Union Corporation, after cuts to mortgage rates were announced today.
Transact Credit Union has reduced variable and fixed term interest rates for investors across many of its mortgage products from today (Thursday 3 June), making it even more attractive to borrow with the customer-owned bank.
The interest rate is now 2.39% on Transact Credit Union’s 1, 2 and 3-year investor Fixed Rate principal and interest product for borrowers with a loan to value ratio (LVR) equal to or less than 90%. That is a big reduction of up to 0.40%.
Transact Credit Union now also offers an interest rate of 2.49% on 1, 2 and 3-year investor Fixed Rate interest-only loans, for borrowers with an LVR equal to or less than 90%. That’s a whopping 0.50% cut on the 1-year interest-only Fixed Rate.
Other interest rate cuts for investors include 0.10% reductions on Home Advantage Variable for borrowers of $250,000 to $699,999 with an LVR of equal to or less than 80%.
Transact Credit Union Corporation CEO Peter Lock said: “As a mutual, our aim is always to provide the best possible rates we can for our borrowers and these out-of-cycle cuts demonstrate that.
“Current conditions mean that we’re in a position to reduce rates for borrowers and we’re thrilled to be able to pass on those savings.
“We think these new rates, coupled with Transact Credit Union’s history of providing excellent service, make our investment home loan products an even more attractive proposition for borrowers.”
You can learn more about Transact Credit Union’s home loan interest rates here.
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