NAB Increase Interest Rates by 0.17%

Oct 22, 2015 ANZ, BankWest, Commonwealth Bank, Home Loans, Investment Loans, NAB, RAMS, St George, variable interest rate, Westpac by Administrator

NAB have announced that they will be increasing their variable interest rates by 0.17% effective 12th November 2015.

Following Westpacs and Commonwealth Banks move to increase variable interest rates they too cited that they are partially offsetting costs associated with recent changes to capital requirements.

We also expect ANZ to follow in the coming days. We also expect that lenders that are linked to these major banks such as Westpac subsidiaries: St George, Bank of Melbourne, Bank SA and RAMS; CBA subsidiary Bank West and NABS broking products all to increase interest rates as well.

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.