AUB offers a service called home rate protect, which gives borrowers access to fixed rates of 6% for one year, 6.5% for three years, and 7% for five years. “This means clients who choose the one-year fixing rate of 6%, for example, will get their loan repriced at only 6.25% (additional 0.25% per year) if they pay their monthly amortizations on time. Other banks, on the other hand, reprice their home loans at an additional 1% to 2% every year, regardless of whether the borrowers pay on time or not,” AUB said. Borrowers who avail of the product will also not have their home loans priced higher than 9%. Read more: https://www.bworldonline.com/aub-expects-improved-appetite-for-home-loans/
Posted 2 years ago
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