Interest Rates. Comparing the Interest Rates of Australia’s Major Banks. ANZ. Australia and New Zealand Banking. Credit Cards. ANZ provides and extensive range of credit card options. Some options (‘low interest rate’) have a 0.0% pa rate on balances for 6 months.
Comparing the Interest Rates of Australia’s Major Banks
Australia and New Zealand Banking
7.41%pa is the current rate for variable.
Loan term can reach a maximum of 30 years.
Loan term spans 1 to 5 years.
Amount of finance must exceed $7,500.
Loan term may reach 30 years.
Standard variable rate is currently 7.36%pa.
Base variable rate is currently 6.85%pa.
(Information in left hand column)
National Australian Bank
Fixed rate ranges from 15.80% to 16.65%
Variable rate ranges from 14.90% to 15.75%.
Western Pacific Banking
Range of variable options.
Variable rate is 6.81%pa for basic home loan.
New cars have an interest rate ranging from 11.49% to 12.99%pa.
Used cars range from 11.99% to 13.99%pa.
Variable rates range from 7.19% to 7.36%pa.
Loans must range from $100,000 to $350,000.
Car rates start at 13.49%pa, this is also a fixed rate.
Recommended borrowing amount is less than $3,000.
Repayments may be made monthly, fortnightly or weekly.