Lender has decreased the variable rate by 0.25
- Writer : Admin
- Date : 2025.03.09
We are keeping you up to date with the major lenders' rate decrease to their Variable Home Loan following the recent Reserve Bank of Australia's Feb 2025 rate decision.
* From 28 February 2025, ANZ has reduced variable interest rates by 0.25% p.a.
* From 28 February 2025, CBA has reduced variable interest rates by 0.25% p.a.
* From 04 March 2025, ING has reduced variable interest rates by 0.25% p.a.
* From 28 February 2025, NAB has reduced variable interest rates by 0.25% p.a.
* From 04 March 2025, St.George has reduced variable interest rates by 0.25% p.a.
* From 28 February 2025, Suncorp has reduced variable interest rates by 0.25% p.a.
* From 04 March 2025, Westpac has reduced variable interest rates by 0.25% p.
What happens to your home loan repayments?
If the minimum repayment needs to be increased, most lenders automatically increase your home loan repayment. However, when interest rates fall, most lenders don’t automatically reduce your home loan repayments.
This means!!!
- You pay down your loan sooner; and
- You pay less in interest over the life of the loan.
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