Changes to our interest rates become effective on 22 October 2019. From this date repayment options will depend on the home loan repayment type.
If you pay Principal and Interest
If you have an Interest Only home loan
The new 2 & 3 year Fixed Rates are available from 3 October for all new and existing Owner Occupied Wealth Package customers on Principal and Interest repayments taking out a Fixed Rate Home Loan.
Yes. Our Extra Home Loan will decrease in line with our Standard Variable Rate.
No. The interest rate on our Viridian Line of Credit will not change.
In this environment, while reducing the SVR for home loan customers by between 0.13% and 0.25%, we have also decided to limit the base rate reduction for savings customers in our popular NetBank Saver product to 0.05%p.a. effective 4 October. These changes are in addition to the fee removals, fee reductions and pre-emptive fee alerts we have already introduced, which have helped save our customers over $415 million.