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%.