RBA Cuts Interest Rates - But What Does That Mean for Me?

Posted on Wednesday 18th May 2016

We’ve all seen the fuss caused by the Reserve Bank of Australia’s decision to lower the cash rate by 25 basis points to 1.75 percent earlier this month. But what effect will this have on us, the average Australian?

Advantages for Australian Consumers and Businesses

With all the major banks following suit and passing on interest rate relaxations to their clients, the current financial climate has presented a very good opportunity for both consumers and businesses alike to finance new vehicles at extremely competitive rates.

With the reduction in interest rates, now is a fantastic opportunity to secure a new car, truck or leisure vehicle on a low interest, fixed rate finance term.

Whether you’re in the market for a new car, looking to buy a boat for the family or travel around Australia in your new caravan, now is the time to speak to your Credit One Finance Consultant on 1300 273 348 to help secure the best finance options for your vehicle.

Considering Refinancing your Home Loan or purchasing an investment property?

If you’ve been considering refinancing your existing home loan, now is the time to start considering your options. With interest rates at record lows, now may be the time to lock in a fantastic rate to help you save thousands of dollars in interest and own your home sooner.

If you have accrued some equity in your current home and are considering purchasing an investment property, taking advantage of the interest rate cut may be a wise investment strategy to help you climb the next rung on the property ladder.

Either way, a Credit One Property Finance Specialist can assist you in finding a suitable option to help you take advantage of the historically low interest rates currently available.

Why Choose Credit One for all your finance needs?

Recently awarded Swann Insurance’s ‘Broker of the Year 2015’, Credit One has accreditations with over 36 Australian financiers and with record low interest rates, we can save you time and money by comparing financiers and their products on your behalf to find you an overall cost effective finance solution - not just a good looking payment.

Whether you’re looking at purchasing a new car, leisure item or property, have an obligation-free discussion with a Credit One Finance Specialist today to see why more than 100,000 Australian’s choose Credit One for all their consumer and business finance needs.