emails and Home Loans newsletter.Enter the email address associated with your account, and we'll email you a link to reset your password.To help ease the financial burden of the Coronavirus outbreak, the RBA pulled the trigger on an emergency rate cut on March 19, the first out-of-cycle reduction since 1997. introductory rate, which lasts for four months before reverting to 0.60% p.a. Credit services for Aussie Select, Aussie Activate and Aussie Elevate products are provided by AHL Investments Pty Ltd ACN 105 265 861 ("Aussie") and its The cash rate now sits at a record low of 0.25%.Banks typically use the official cash rate as a guide for setting interest rates on their products, such as home loans and savings accounts. Credit services for Aussie Elevate products are provided by This reduction will be offered to owner occupiers on principal and interest repayments with an Advantage Package:The bank will also cut fixed 4 and 5-year owner occupier loans with principal and interest repayments, as well as reduce rates on its investment home loans.Effective 27 March, some of the banks’ fixed home loan rates will be reduced by 0.60 percentage points. Variable rates remain unchanged.Effective 30 March, the bank will reduce 1, 2 and 3-year fixed rate home loans by 0.50 percentage points to 2.25% for owner occupiers paying principal and interest. For more information, read the credit provider’s key facts sheet and other applicable loan documentation for that product. Reductions apply to Low Rate Home Loan, Breathe Easy, Peak Performance, Standard Variable and Specialist loans.Effective 17 March, new and existing variable loans decreased by 0.25 percentage points.Effective 20 March, variable home loan rates reduced by 0.25 percentage points for new and existing owner-occupier and investor customers.Effective 23 March, reduction of 0.20 percentage points on owner-occupied principal and interest standard variable rate loans – 4.45% (comparison rate to be advised).Effective 23 March, all variable home loans will be reduced by 0.12 percentage points. appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN This reduction will be offered to owner occupiers on principal and interest repayments with an Advantage Package:The bank will also cut fixed 4 and 5-year owner occupier loans with principal and interest repayments, as well as reduce rates on its investment home loans.Effective 25 March, the interest rates on 1 and 2-year fixed rate owner occupied home loans will be reduced to the following:Effective 27 March, the bank will apply a 0.60 percentage point reduction to its Complete Fixed Home Loan Package for owner occupiers paying principal and interest. For example, the bank’s Basic Variable Rate Home Loan with a loan to valuation (LVR) ratio of less than 80% – 2.83% (comparison rate to be advised); First Home Loan Deposit Scheme loans – 2.78% (comparison rate to be advised).Effective 24 March, all standard variable home loan rates reduced by 0.25 percentage points.Effective 13 March, NAB’s home loan, small business and business overdraft variable rates will be reduced by 0.25 percentage points.The bank’s statement said that its “Tailored Home Loan” variable rates had changed:Effective 17 March, 1-year, 2-year and 3-year introductory home loan fixed rate owner occupied loans reduced by 0.20 percentage points – all currently at 2.99%, to decrease to 2.79%.Effective March 11, residential and investment variable rates and various fixed rates reduced by up to 0.25 percentage points. We are living through one of the greatest global upheavals in decades. Looks like you missed something. Research provided by Canstar Research AFSL and Australian Credit Licence No.
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068 049 178 AFSL / Australian Credit Licence 237879. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product.
Some of Hume’s fixed rate loans will also by cut by up to 0.25 percentage points, effective 25 March.Effective 13 March, all owner-occupier and investment variable rates reduced by 0.15 percentage points.Effective 18 March, decrease of 0.25 percentage points for all new and existing variable home loans.Effective 10 March, new variable Principal & Interest home loan standard variable rates reduced by 0.25 percentage points. For example their owner occupier principle and interest variable home loan of <80% LVR – 2.80% (comparison rate 3.25%)Effective 1 April, all new and existing owner-occupier and investor home loan rates reduced by 0.25 percentage points. Rates and product information should be confirmed with the relevant credit provider.