Category: variable interest rate

Home and Investment Loan Update for June

Home loans and Property Investment Loans for June 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates on June 6th 2023. All lenders have increased their interest rates by 0.25%. These will take affect at various times of the month depending on each lenders policy. Most of the
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Commercial Loan Update for May 2023

Commercial loans for May 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates earlier this month. Most lenders have increased their interest rates by 0.25%; however, a few lenders did not increase their interest rate for new business lending while their current customers did receive an
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Commercial Loan Interest Rate Update 23rd March 2023

As of March 23, 2023, commercial loan interest rates have seen some changes. The variable rates have increased while the fixed rates have remained the same. However, it is worth noting that fixed rates longer than 5 years have seen a decrease. The increase in variable rates is not a surprise as they are typically
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