Client News > Release
27-05-2010
KBC Bank Reduces Fixed Rates for New Homeloan Customers
KBC Bank Ireland has announced that it has reduced its fixed interest rates for new homeloan customers.
The three year fixed rate for new customers has been reduced to 3.74 per cent (APR), while the five year fixed rate for new customers has been reduced to 4.13 per cent (APR). The new rates took effect from this week.
John Delaney, Director, Homeloans Division, KBC Bank Ireland, said: “In the present economic climate, we constantly seek to offer competitive rates to our customers. This week, we have moved to reflect more favourable cost of funds in the rates we offer to customers seeking to take out new mortgages”.
KBC Bank Ireland has reported an increased number of applications for mortgages in the first quarter of this year, compared to the last quarter of 2009.
