Westpac low doc loans rise .45% after RBA only moved .25%. This move by Westpac is proof that banks do and will move low doc loan rates as they please. Often we hear from low doc loan customers that they are concerned the non banks may be more expensive.
This move by Westpac clearly dispels that argument.
Treasurer, Wayne Swan has been less than impressed with Westpac’s extra rate increase!
St George Low Doc Loans will go up .39%
Citibank Low Doc Loans to increase .39%
CBA low doc loans will rise by .37%.
ANZ low doc loans to go up .35%
Bankwest low doc loans move .35%