Big four banks pass on full rate cut

All four major Australian banks have moved to pass on full rate cut.

ANZ was the first of major bank to move and the rest follow.

Major banks Standard Variable Rate:

NAB 7.22%; ANZ 7.30%; CBA 7.31%; Westpac 7.36%

However, different banks are offering varying discounts off the above standard variable rate subject to loan amount, LVR, property types, etc. At the moment the biggest discount we have sourced so far is 1.1% off.

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