CBA – Commonwealth Bank Increase Interest Rates by 0.15%

Following Westpacs 0.20% move to increase variable interest rates the Commonwealth Bank has today announced an increase in its variable home loan rates by 0.15%pa (15 basis points), citing that they are  partially offsetting costs associated with recent changes to capital requirements. Their Fixed rates and business lending rates remain unchanged.

For home loan customers, the standard variable rate for owner occupied loans will increase to 5.60% per annum and the standard variable rate will rise for investment home loans to 5.87% per annum. These changes will become effective on Friday, 20 November 2015.

The change is just under a month away so those considering new finance within this time should take into account the interest rate change.

There are many deals out there and you can compare home loans and compare investment loans at our home loan comparison pages.

If you need help with your home, investment or commercial finances we have professional mortgage advisors Australia wide that offer free mortgage help by simply contacting us.