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| Equipment & Motor Vehicle Finance 1 &2 | ||
| Chattel Mortgage, Hire Purchase, Lease |
9.1% |
|
| Business Loans 3 | ||
| Fixed 1 year |
7.59% |
|
|
Fixed 2 years |
7.79% |
|
|
Fixed 3 years |
7.89% |
|
|
Fixed 4 years |
8.24% |
|
|
Fixed 5 years |
8.29% |
|
|
Fixed 10 years |
8.90% |
|
|
Variable |
7.70% |
|
|
Overdrafts |
7.81% |
|
Comparison Rate Standard Variable5 6.47% 6.57% Line of Credit 6.83% 6.92% Fixed Rates: 1 year 6.94% 7.71% 3 years 7.09% 7.19% 5 years 7.64% 7.73%
Home Loans 4
All interest rates for the above are for secured loans. Interest rates for business loans secured in full or part by commercial security are calculated by the bank or financier based on your individual circumstances.
Please contact Perks Finance for a personalised quote.
1 Rates are dependent on term, balloon, type and age of equipment.
2 Rate based on $50,000 new vehicle over 5 years with nil balloon.
3 Fully secured by residential security. Other rates available upon request.
4 Comparison rates based on $250,000 over 25 years. Comparison rates are available upon request or from the office of Perks Finance Pty Ltd.
5 LVR < 75%
Terms, conditions, rates and charges apply to all lending products.
Phil Wigley Director pwigley@perks.com.au |
 |
Concerned about rising interest rates? Many clients have asked us if they should consider a Fixed Rate on their loans following on from the recent interest rate rise by the Reserve Bank. Perks Finance have loan options without Exit Fees or loans where the bank may cover Exit Fees if you refinance to them.
A fixed rate loan is a good option for property owners that prefer the certainty of knowing exactly what the monthly repayments are going to be over a specified term.
The disadvantages of a fixed rate are that the variable rates may fall before your fixed rate term finishes, causing you to pay a higher rate than you might have otherwise enjoyed.
Fixed rate loans may revert to a standard variable rate rather than a cheaper negotiated package rate.
You also may be limited in the amount of additional payments you can make, and you may need to pay “Break Costs” as a penalty if you repay or change loans before the end of your fixed rate term.
The question of Fixed verses Variable is an individual one that requires the weighing up of your needs, wants, future expectations and assessing what options are available for your particular circumstances.
If you are unsure if you should fix your interest rate, then why not contact Jim Materne or Maryann Ianni on 08 8273 9300 or at perks_finance@perks.com.au.
!!! NEWSFLASH !!!
There is a lot of talk about the major banks Exit Fees & Deferred Establishment Fees in the news recently..
Contact us on 8273 9300 or at perks_finance@perks.com.au if you are considering refinancing your home loan.
How does your rate compare with banks increasing their rates?
Is your home loan still competitive?
For the answers to these questions and more, please contact our qualified staff for professional advice on 08 8273 9300
or
If your looking for the answers to these questions and more, contact our professional staff on the contact details listed below.
| Australia | 4.75% |
| United States | 0.25% |
| England | 0.50% |
| New Zealand | 3.00% |
Australia
Building Approvals for private sector houses fell 2.2% in September 2010 and has fallen for four months.
The unemployment rate increased to 5.4% in October 2010.
Housing Finance for Owner Occupation rose by 0.7% in September 2010 compared with August 2010
CPI rose 2.8% through the year to September quarter 2010
United States
CPI increased 0.1% in September 2010.
The unemployment rate for October 2010 remained at 9.6%
England
Total sales volume in the three months to September 2010 was 0.9% higher than the same period a year ago.
The Halifax House Price Index increased by 1.8% in October 2010.
New Zealand
Residential Building consents in September 2010 were 6.2% lower than in September 2009.
For more information
please contact:
Phil Wigley
pwigley@perks.com.au
John Seidel
jseidel@perks.com.au
Jim Materne
jmaterne@perks.com.au
Luke Robertson
lrobertson@perks.com.au
Maryann Ianni
mianni@perks.com.au
Adelaide
247 Fullarton Road
Eastwood SA 5063
T: (08) 8273 9300
F: (08) 8274 1466
Victor Harbor
163 Hindmarsh Road
Victor Harbor SA 5211
T: (08) 8552 3711
F: (08) 8552 3771
Darwin
59 Smith Street
Darwin NT 0800
T: (08) 8941 8600
F: (08) 8941 9600
Alice Springs
Suites 3-4
8 Gregory Terrace
Alice Springs NT 0870
T: (08) 8953 4400
F: (08) 8953 4599
www.perks.com.au
