The New Building Society Limited (NBS) yesterday announced a further cut in its interest rate for mortgages between $6m and $15m.
In a statement, the NBS said that from January 01, 2022 the interest rate on loans from $6M to $15M – has been reduced from 6.25% to 5.95% per annum. This is applicable to both current and new loans.
For borrowers who qualify for low income loans – ($6M and below) the interest rate is 4.00% per annum.
