Tag: home loan calculator
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Commonwealth Bank Customers Benefit from Rate Cut Flexibility
In February 2025, the Commonwealth Bank reported that only 14% of eligible home loan customers had adjusted their direct debit repayments following a rate cut. The reduction of 0.25% per annum resulted in potential monthly savings of up to $80 for customers with an average loan size of $500,000. The Australian Guide to Buying Your…
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Home Loan Market Competition Intensifies Amid Anticipated Rate Cuts
Competition in the home loan market is intensifying as lenders gear up for the Reserve Bank’s upcoming board meeting, where a 0.25% interest rate cut is widely anticipated. With economists predicting this rate cut, many borrowers are already benefiting from reduced rates, with over two dozen lenders slashing their fixed rates in recent weeks. The…
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Commonwealth Bank Customers Opt for Lower Home Loan Repayments
New data from the Commonwealth Bank reveals that a mere 14% of eligible home loan customers chose to decrease their direct debit repayments following the rate cut in February 2025. This rate reduction, amounting to 0.25% per annum, translated to potential monthly savings of up to $80 for customers with an average loan size of…