ANZ Bank has unveiled a 0.25% cut in key business rates in response to the Reserve Bank's recent lowering of the official cash rate.
Its new rates include:
- reference rate: 8.25%
- mortgage index: 6.67%
- retail index: 8.47%
- overdraft (secured): 6.67% (min)-7.8% (max)
- overdraft (unsecured): 6.67% (min)-12.2% (max)
- credit line: 10.47%
- credit line (res security): 7.67%
- cheque plus: 10.67%.
To check out the latest comparisons of interest rates and fees applying to a range of business loans and transaction accounts, click
here.