Looking for security and stability in a world of constant challenges
This is advertiser content for Hume Bank.
In a world of constant challenges and an uncertain environment, it feels normal to find ourselves looking for security and some stability.
So, it comes as no surprise when the time comes to review your home loan that you consider fixed rate loans. After all, in these challenging times why wouldn't you want to focus on the things that matter the most, like family and our loved ones as opposed to worrying about variable home loan rates?
Now it's fair to say that not all fixed home loans are created equal, and in the context of Hume Bank's new 1.99 per cent three year fixed rate home loan this is certainly the case. On the surface it appears like a standard new fixed rate loan and at 1.99 per cent it can't be understated how good that rate is.
What makes this loan different is that Hume Bank is not only committing $50 million in lending at their lowest ever fixed rate, its designed to support regional customers and the local building industry. The 1.99 per cent rate is exclusively available for construction and major home renovations within their home markets of Albury Wodonga, in essence a 150km radius around the twin cities.
Hume Bank Chief Executive Officer Stephen Capello said the latest initiative from Hume Bank is to support the recovery effort and to stimulate economic activity in local our region.
"For the past 65 years we've been committed to supporting our communities owning their own homes.
"In today's challenging times, we want to remain true to our purpose of helping the region and our local communities fulfilling that dream of owning a home," he said.
"Hume Bank is committing $50 million in lending at our lowest ever fixed rate of 1.99 per cent for construction and major home renovations in our home markets.
"Supporting the local construction and real estate industries we hope will bolster more local jobs.
"With more than 10 per cent of the local employment in Albury Wodonga working in the construction and real estate industries, the goal is to support our local economy by helping more local customers build or renovate their homes using local trades and suppliers.
"The flow on impact will add greater economic benefit to the region." said Mr Capello.
"Hume Bank's $50 million regional commitment is proudly supported by our local building industry to ensure this is a true collaborative community effort in helping our local economy recover.
"These partnerships are based on awareness to ensure the community know the support that is available to them from Hume Bank and builders as a collective," Mr Capello said.
Customers can of course use any local builder of their choice and to learn more about the supporting partners and if this home loan suits your needs visit Hume Bank's website humebank.com.au/homebuilder
This offer is available from 10 August 2020 and Hume Bank may vary or end this offer at any time without notice. Owner Occupier rate is available at 1.99 per cent three year fixed with a comparison rate of 3.34. Comparison rate based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees, charges and normal lending criteria apply. Hume Bank Limited ABN 85 051 868 556 AFSL and Australian Credit Licence No. 244248.
This is advertiser content for Hume Bank.
