Assetline Capital decreases Mortgage rates by 0.25% p.a.

Assetline Capital has announced a reduction in interest rates across its mortgage product range, following the Reserve Bank of Australia's decision to cut the official cash rate by 0.25% p.a.

With rates now starting from 6.24% p.a. (Comparison rate: 6.48% p.,a#), the new rates reflect Assetline's continued commitment to providing competitive non-bank lending solutions that support Australian borrowers in a changing economic environment.

"Following the RBA's decision to reduce the cash rate, we are delighted to pass on the savings to our customers by lowering interest rates on new and exisiting Mortgage applications," said Royden D'Vaz, General Manager - Distribution and Partnerships.

"This move underlines our responsiveness to market conditions and our ongoing focus on delivering value to both new and existing borrowers."

The interest rate reductions apply across all Mortgage products including Prime, Near Prime and Specialist loan options. Introduced into Assetline's product portfolio in 2022, its mortgage product offers loans up to $5m, including full doc, alt doc and SMSF.

Assetline's mortgage solutions are just one of the many flexible funding products that the non-bank lender offers, which includes short-term private lending, consumer bridging and construction and development finance.

#Comparison rate is based on a secured loan of $150,000 over a term of 30 years.

For further media information and interview requests, please contact:

Aoife Reilly

Group Marketing Manager

aoife.reilly@altx.com.au

0404 335 241