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Follow on Google News | RAMS Home Loans Passes On 0.9% Interest Rate ReductionRAMS Home Loans customers will receive the greatest interest rate reduction, as the lender announced today it will cut its already low Standard Variable Rate (SVR) by 0.9% to 8.39% p.a, following changes to the Reserve Bank of Australia's cash rate.
By: RAMS 
RAMS Home Loans RAMS Chief Executive Officer, Melos Sulicich said RAMS Home Loans (http://www.rams.com.au ) was in a strong position to be able to pass on the greatest interest rate reduction to help customers ease the financial burden. "It is important for Australians to be able to access a more affordable alternative, especially with the challenges of the current financial market," Mr Sulicich said. "As funding costs remain high and global funding markets remain unstable, we have moved quickly to pass on the maximum amount we possibly could – almost the full cut – to give our loyal customers a financial break and attract new customers seeking a better deal." RAMS continues to offer customer choice in the market - offering the key qualities of a non-bank including flexibility, innovation and local, expert service while also providing peace of mind for customers of being backed financially by the stability and security of a major bank, Westpac. RAMS is moving quickly to make the new rates available to customers from Monday, 13 October 2008. "RAMS is in the business of helping people achieve their financial goals and we believe this rate reduction combined with secure funding will help our customers in these difficult times and also place RAMS top of mind for borrowers," Mr Sulicich said. Customers can take advantage of the new RAMS interest rates (http://www.rams.com.au/ For further information, please contact: Melanie Monico, RAMS Communications, +61 (0)2 8218 6359, +61 (0)420 870 387, http://www.rams.com.au End
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