Australian Home Loan Interest Rates October 2019



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Australian Home Loan Interest Rates in October 2019.

The RBA reduced the Reserve Bank Cash Rate down to 0.75% at the beginning of October 2019.

Most banks have indicated they will bring their rates down, but not all will drop by the full 0.25%.

NAB Variable rates from 11 October 2019

NAB has announced it will reduce its variable home loan interest rates by 0.15% per annum, from 11 October 2019.   This means down from 3.35% to 3.20%. nab.com.au

    • Owner Occupier Principal and Interest rates from 3.20% p.a.
    • Investor Principal and Interest rates from 3.50% p.a.
    • Investor Interest Only rate from 3.65% p.a.

UBANK Variable rates from 29 October 2019

Ubank have announced they will reduce their variable home loan interest rates by 0.25% per annum, from 29 October 2019.  This means down from 3.34% to 3.09%.  ubank.com.au

NOTE: Discounts off the relevant Standard Variable Rate are available. For example: UBank currently have a Home Loan rate of 2.84%.


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Previous Changes:

Australian Home Loan Interest Rates in July 2019

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