Interest Rate Change effective 11th January 2024

What is Changing?

New to Bank Home Loan Pricing

Owner Occupied & Investment - Basic & Freedom Package Variable loans Increasing by:
   •    <60 LVR                     0.10%
   •    60.01 to 70 LVR         0.15%
   •    70.01 to 80 LVR         0.15%
   •    80.01 to 90 LVR         0.20%
   •    90.01 to 95 LVR          No Change
   •    Comparison rates for all new to bank fixed rates will also change


What is Not Changing?
   •    Home Loan, Business Loan and Personal 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.
   •    Personal Loan Fixed Rates available for new customers.
   •    Low Rate Visa Credit Card Interest Rate.
   •    Low Rate Visa Credit Card Balance Transfer offer of 0% for 12 months.

Continuing Campaigns
   •    Investor Bonus Campaign - receive 0.20% discount when Owner Occupied loan is also brought to Auswide
   •    Home Guarantee Scheme Spring Campaign - $0 application Fee OR 2yr Package Fee waive still available


What are the new Owner Occupied & Investment Rates?
Updated downloadable Rate Information Guides with full details for all of the new lending interest rates for Owner Occupied and Investment Home loans will be available here from Thursday 11th January 2024

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 Thursday 11th January 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 Thursday 11th January 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.

1.  Applications quoted but not yet received (loans not yet submitted as at midnight 10th January 2024): 
   •    FIXED (Not Changing) 
   •    VARIABLE (Rates Increasing) - Interest rate will be the new interest rate applicable from the 11th January 2024.
 

2.  Applications received prior to midnight 10th January , but not yet approved (does not include pre-approvals): 
   •    FIXED (Not Changing)
   •    VARIABLE (Rates Increasing) – The rate applicable and discount quoted will be the rate and discount quoted prior to the11th January 2024, provided application and full supporting documents are received at time of submission, this includes 'wet' signatures on all application forms.
 

3.  Applications Approved (includes loans approved prior to midnight the 10th January 2024 (documented or not yet documented): 
   •    FIXED (Not Changing)
   •    VARIABLE (Rate increasing) – The rate applicable and discount quoted will be the rate and discount quoted prior to the 11th January 2024
 

4.  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.