We have all heard that the Reserve Bank has decreased the cash rate by 25 basis points with the official rate now at 2.25%!
Our sources have commented that this is likely to spark a fresh round of competition amongst lenders – so this is a great time to borrow or review your current finance arrangements!
Please contact Optima Partners for assistance on reviewing your options.
Below is a table outlining the average decrease in repayments:
|Loan Amount||Likely MonthlyDecrease in Repayments|