Melbourne: GE Money has announced that following the latest increase in the Reserve Bank of Australia official cash rate of 25 basis points it will increase home loan variable interest rates by 25 basis points for mortgages previously sold through third party mortgage managers, brokers and other introducers and AMS (previously Wizard) in Australia.
The rate change is effective Wednesday, 17 November 2010.
About GE Money
GE Money Australia and New Zealand is part of the global GE Money business, which operates in 55 countries around the world. GE Money offers to its 3.1 million customers in Australia and New Zealand a broad range of innovative finance products -- personal loans, credit cards, insurance and interest-free promotional and retail offers. More information can be found online at www.gemoney.com.au
With US$184 billion in assets globally, GE Money is a unit of General Electric Company (NYSE:GE) -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit www.ge.com
Elizabeth Rex
Communications Director
[email protected]
+61-2-9324-7173
+61-450-930-130