The Greater Bank has announced cuts to three, four and five year fixed investment home loans.
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The bank announced cuts of up to 0.2 per cent late last week after it introduced cuts to fixed rates for the same loans for owner-occupiers in May, bringing them down to 3.99 per cent.
The new rates will be effective from June 27.
Greater Bank CEO Scott Morgan said he believed many lenders had made it tougher to get an investment loan but Greater Bank was keen to lend to investors.
“We expect people with or looking for an investment property will see this cut as excellent news and expect to have many big bank customers looking to switch,” he said.
The 3.99 per cent rate applies to new loans worth more than $150,000 where the loan to value ratio does not exceed 85 per cent.
The five-year comparison rate is 4.57 per cent, the four-year comparison rate is 4.59 per cent and the three-year comparison rate is 4.62 per cent.
