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Easiloans Interest Rate Update May 2024

Cash rate holds steady again

Borrower Relief: RBA Maintains Cash Rate

Highly anticipated the Reserve Bank of Australia (RBA) have decided to to maintain the cash rate at 4.35%.


However, industry experts like easiloans suggest that if the predicted rate cuts by major banks occurs, borrowers later this year (2024) could witness substantial savings in their repayments and interest payments over the next eighteen months.


Anytime is a good time to review your home and investments loan as Lenders are shifting interest rates outside of the RBA decisions constantly.  Finding a better interest rate could save you thousands.


For further information call easiloans.

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