Aussie John Gets Personal

Illawarra Mercury

Wednesday October 10, 2007

NON-BANK lender Aussie Home Loans is expanding into the car and personal loan markets.

Chairman and chief executive John Symond says the move will increase competition in those markets.

"Aussie's fixed rates, low fees and trusted brand will bring a new level of competition to the car and personal loan markets," he said.

Aussie says it will offer personal, unsecured loan rates of 10.99 per cent to 12.99 per cent. Secured car loan rates will range from 8.29 per cent to 9.99 per cent.

The value of Australia's personal and car loan market is about $2.5 billion a month.

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