Following the RBA’s decision to cut the Official Cash Rate on the 3rd November we will be reducing many of our variable home loan rates across our product range for new applications, effective from Tuesday 17th November.
Interest rates changes are often a difficult decision where we need to balance the interests of borrowers, depositors and the financial security of the Bank.
We understand that the current economic conditions have been and will continue to be challenging for many of our customers. While we won’t be reducing our existing loan portfolio rates at this time, we encourage you to speak with one of our lending specialists to discuss options that may be appropriate for you.
Please check our website on Tuesday 17th November to view all of our new lending rates.