Bankwest has today announced it will reduce home loan interest rates on Standard Variable Rate (SVR) mortgages by 0.25% p.a.
Bankwest has today announced it will reduce home loan interest rates on Standard Variable Rate (SVR) mortgages by 0.25% p.a.
Current rate (% p.a.) |
New rate (% p.a.) |
Change (% p.a.) |
|
---|---|---|---|
Owner Occupiers
(Also known as ‘Mortgage Shredder Reference Rate’) |
5.00
|
4.75
|
-0.25
|
Owner Occupiers – Interest Only
(Also known as ‘Mortgage Shredder Interest Only Reference Rate’) |
5.35
|
5.10
|
-0.25
|
Investors
(Also known as ‘Investor Variable Reference Rate’ or ‘Investor Reference Rate’) |
5.65
|
5.40
|
-0.25
|
Investors – Interest Only
(Also known as ‘Investor Interest Only Reference Rate’) |
5.78
|
5.53
|
-0.25
|
These changes are effective as of 18 March 2020, at which point full details will be shown on the Bankwest website.
Customers who have questions regarding today’s rate change are encouraged to speak with their local Bankwest home finance managers.
If you have a journalistic enquiry, please get in touch.