Interest rate changes
Our Standard Variable Rate (SVR) for home loans will be increasing by 0.25% p.a. for new and existing customers, taking effect on 18 May 2022.
We have made the decision to adjust interest rates in response to the RBA’s change to the official cash rate, and due to inflationary pressures pushing up the cost of funds at institutions from which we borrow, which we use to fund loans to our customers.
A detailed outline of these changes is as follows: