Australia and New Zealand Banking Group Limited (ANZ) has announced a 0.25 % reduction in interest rate for its variable residential property loans. The new standard variable rate will be 9.50 % per annum.
The new fixed rates for residential property loans effective from 1 September, 2008 are:
- 1 Year - 7.50% per annum
- 2 Year - 8.00% per annum
- 3 Year - 8.50% per annum.
For more information, pls call the ANZ Bank branch near you.
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