As a customer owned bank, we don’t answer to external investors. That’s why we’re able to keep our home loan rates low.
Bank Australia has reduced the interest on its owner occupied Basic Home Loan to 3.98%p.a. (3.99%p.a. comparison rate) for new borrowers and existing borrowers who top-up their existing loan with $100,000 or more. The new interest rate is effective from 23 October 2015.
The bank has also reduced interest rates across owner occupied package loans by 0.10%p.a. The bank’s Premium Package Home Loan now offers an interest rate of 4.19%p.a. (4.53%p.a. comparison rate) for loans between $400k-$700k.
Interest rates for new investment loans have increased across the bank’s Basic, Premium and Package loans.
Please visit home loans for more information about what’s on offer.