Bloomberg News

National Australia Bank Reduces Its Fixed Home-Loan Rates

October 03, 2011

Oct. 4 (Bloomberg) -- National Australia Bank Ltd., the country's fourth-largest bank by market value, cut its fixed-rate home loans by as much as 15 basis points, according to an e-mailed statement.

The Melbourne-based lender reduced the rate on its one-year loans to 6.34 percent, and cut the rate on two- and three-year loans by 10 basis points to 6.39 percent and 6.44 percent respectively, according to the statement.

--Editors: James Gunsalus, Edward Johnson

To contact the reporter on this story: Edward Johnson in Sydney at ejohnson28@bloomberg.net

To contact the editor responsible for this story: Edward Johnson at ejohnson28@bloomberg.net


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