Following the Reserve Bank recent interest rates cuts, rates are at an all time low.

These historical low interest rates will obviously impact borrowings across many loan facilities – i.e. motor vehicles, business equipment commercial & industrial property, residential & investment properties. Some examples of what is now available are:

•  Owner occupied, principle and interest home loans from 3..02% 

• Commercial & industrial property loans from 4% - Larger transactions

(plus $5m will attract a further reduction in interest rates)

• Business and other equipment from 4%

 Consider an example of a motor vehicle or equipment  purchased for $150,000.00 and

 financed over a 4-year term with a balloon of 40%

•  In 2010 the monthly repayment would have been:  $2,568.00
• In 2015 the monthly repayment would have been:   $2,499.00
• Today in 2019 the monthly payment will be:              $2,248.00

 That is a staggering $320 per month reduction over a 9-year period

 Many of the car and equipment dealers are also heavily discounting their stock so if you are considering any purchase at present, especially a motor vehicle, looking for a new home or you wish to refinance your current home loan, your timing may be perfect.

 Phone (03) 8825 8888 or enquire through our website:

https://www.smefg.com.au/contact