Companion’s rate cut in full

From The Herald 16.04.2009

Hunter-based home lender Companion Credit Union has led the way in passing on the Reserve Bank’s full interest rate cut.

Companion said yesterday it was slashing its home loans by the full reduction. Companion chief Ray O’Brien said the credit union’s interest rates were at a 30-year low.

He said the Hunter lender was one of the few to pass on the full 25 basis points.

“Our home loans now start from 4.97 per cent,” he said.

Posted by Admin on April 16th, 2009 |
Posted under: Community | Maitland