What interest rate are you paying?

We had an old thread on Somersoft that I found incredibly useful - an indication of what interest rate everyone was currently paying, discounts received etc.

I have $1.3m with ANZ at just under 80% LVR (2 x IP, 1 x PPOR) and I have a discount of 1.25%, so my rate is 4.13%.

Due to the latest APRA changes it may not be so easy to obtain additional discounts, but I would be interested to see how 4.13% compares to what other investors are paying.....

 

Only 1 loan at the moment for me.
ANZ, PPOR, 500k, 80%LVR.
Rate - 4.58

 

5 loans with Westpac total around $1.3mil, 4.18%

 

Since the APRA changes I think you'll find it difficult to continue to get that kind of discounting. Most lenders are simply saying no to pricing requests from investors and not engaging in any sort of conversation.

I did manage to get ANZ to budget a little on this policy recently, the client already had negotiated rates and we requested for them to match what he already had. I received 3 "no's" before I managed to convince someone to say "yes". The sad thing is we were only asking for an extra 0.1% off the published rate for the scenario.

 

Agreed, Pete. I meant to say "not so easy"

 

what was useful about the old thread? To me it seemed to confuse matters more than anything. People comparing online lender rates, fixed rates, rate discounts they were given years prior, etc.

 

Hi Tobe. I found it interesting to see what everyone else was paying. But I also saw someone post with almost the exact same details as me (same bank, loan size, same LVR etc) but with 20 points more discount.

I used that info to go back to ANZ and negotiate a better discount. I do agree the the landscape has now changed slightly...

 

NAB $1.4m, 50%LVR on PPOR - 4.17% negotiated November 2014.

 

You've done well - 1.25% off the SVR with ANZ is quite good. Especially when you consider they generally have a lower base SVR than other lenders. I've arranged the same for clients - all above $1m in aggregate borrowings.

Personally - before the APRA stuff hit, I arranged 1.3% off the SVR with CBA on some of my loans. It was $1.3m and sub 80%

Cheers

Jamie

 

Over $1 million in loans, ANZ Breakfree package, all loan Interest Only and non-crossed at 4.33%, and I'm not happy with that rate so I plan to call up on Monday and ask them to lower it.

 

Citystar,

Currently with ANZ Breakfre also 950k at 4.24 % interest only not crossed..

 

4.18% with ANZ (1 PPOP, 3 IPs)

 

4.18 with Westpac , 1.3 off. Looks like it compares favourably.
David

 

4.13% with ANZ. 1.37 million (1 PPOR, 1 IP, 1 loan drawn down as deposit for my next purchase ...)

 

4.45% St George Portfolio loan
4.10% Deutsche Bank Margin facility

 

Best rate so far is from ANZ: 4.13% for total of more than 1 mil loan with 80% LVR.
All rest of them vary from 4.36% - 4.44%

 

4.15% NAB. 2.8 mill at about 65% LVR. Like Roosterman, used info on SS to help negotiate down.

 

4.19% Heritage $1.2mill in total loans 3 taken at 80% the 3 others taken from the equity of our home for deposit and costs. Own home fully repaid.

 

My two IP's are with Homeside (now renamed to NAB Broker, I think?) , total for both is around the $600k, have 4.36%, Interest Only.

 

3 IO loans with ANZ (total 390k) @4.48% and 2 IO loans with SGB (total 490k) with 207k fixed @4.79% and 283k variable @4.59%.
As I'm leaving overseas, the choice of bank is reduced when I'm applying for new investment loans.