Interest Rate Update

We are reducing our Basic Owner Occupied Home Loan rate.
Effective from Monday 15th July 2024. The following changes outlined below will be applied:

What is Changing?
Home Loans


New Home Loan Pricing
Owner Occupied Basic Variable P&I rate as listed below:
   •    70.01% to 80% LVR decreasing by 0.20% to 5.99%


What is Not Changing?
   •    Owner Occupied and Investment Home Loan Variable rates not listed above.
   •    Home Loan Reference Rates.
   •    Owner Occupied Home Loan Plus (Bridging Loan) Standard Variable IO rate.
   •    Owner Occupied & Investment Home Loan Fixed Rates available to new customers.
   •    Owner Occupied & Investment Home Loan Fixed Rates available to existing customers.
   •    Owner Occupied & Investment Line of Credit Variable Rates.
   •    Low Rate Visa Credit Card Interest Rate.

Continuing Campaigns
   •    Low Rate Visa Credit Card Balance Transfer offer of 0% for 12 months.

What are the new Owner Occupied & Investment Rates?
New interest rate guides will be available here from 15th July.

Exclusions:
Any offers listed above are not available on the following:
   •    Existing customers loans
   •    Loans to overseas residents

Please refer to our Home Loan Rate Information Guides for any new loans with the above purposes.

Things you need to know:
   •    Home Guarantee Scheme (HGS) applicants are only eligible for the 70.1% to 80% LVR band (includes Basic Home Loan rates, Freedom Package Variable & Fixed rates).
   •    For Existing Home Loan Customers who wish to fix their loan, refer to the new Existing Loans – Switch to Fixed/Refixing interest rate schedule.
   •    Updated Home Loan Key Facts Sheet will also be available from Monday 15th July, 2024
   •    Updated downloadable Rate Information Guides with full details for all of our current interest rates for Owner Occupied and Investment Home loans will be available here from Monday 15th July 2024

Fixed Rate Home Loans:
For fixed rate loans, the standard fixed rate process will always apply. Please refer to the Fixed Rate and Rate Lock Information Guide available from the broker website for more information. 

Rate Lock is not available for pre-approval loan applications.

Impact on existing home loan applications in our pipeline:  
Applications will not be accepted as ‘lodged’ unless all required supporting documents as stated in the Supporting Documents Checklist are received at the time of lodgement.
 
Applications quoted but not yet received (loans not yet submitted as at midnight 14th July 2024):
   •    FIXED (Not changing)
   •    VARIABLE (Rates Decreasing) - Interest rate will be the new interest rate applicable from 15th July 2024.
 Applications received prior to midnight 14th July 2024, but not yet approved (does not include pre-approvals):
   •    FIXED (Not changing)
   •    VARIABLE (Rates Decreasing) – Interest rate will be the new interest rate applicable from 15th July 2024.

Applications received prior to midnight 14th July 2024, but not yet approved (does not include pre-approvals):
   •    FIXED (Not changing)
   •    VARIABLE (Rates Decreasing) – Interest rate will be the new interest rate applicable from 15th July 2024.

Applications Approved (documented or not documented) prior to midnight the 14th July 2024:
   •    FIXED (Not changing)
   •    VARIABLE (Rates Decreasing) The rate applicable and discount quoted will be the rate and discount quoted prior to the 15th July 2024. 

 
Loan Applications that have settled:
   •    FIXED – There is no impact to loans that have settled.
   •    VARIABLE – There is no impact to loans that have settled.

For more information or assistance please contact your Broker Relationship Manager, visit our Broker Website or speak to our Broker Support Team on 1300 077 127