In the category of home loans with flexible rates of interest, the bank is offering its best 5 year adjustable rate mortgage packages at an interest rate of 3.500% and an APR yield of 3.080% on the principal amount of home loan secured from the bank. Under the more flexible home financing category, 7 year adjustable rate mortgage loans stand quoted at an interest cost of 3.625% and an APR yield of 3.225% during the starting years of the home loan tenure.
When heading towards the refinancing loan options, the popular 30 year fixed rate mortgage home loans can be seen listed at an interest rate of 4.375% and an annual percentage yield of 4.439% this Wednesday. The relatively shorter, 15 year counterparts of the 30 year refinancing fixed rate mortgage deals are now up for grabs at an interest rate of 3.375% and an APR yield of 3.502% today.
The mortgage shoppers, who are seeking more flexible home loan schemes can find 5 year refinancing adjustable rate home loans being advertised at a lending rate of 3.125% and carrying an annual percentage rate of 2.968% during the early years of the tenure period. In the more flexible home loan section, 7 year adjustable rate mortgage home loans are tagged at an interest price of 3.375% and are backed by an APR yield of 3.127% on basic amount of home loan sanctioned by the bank.
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