Westpac and NAB Increase Variable Interest Rates.

A day before the RBAs December interest rate announcement, Westpac and NAB have increased interest rates for property investment loans and  interest only home loans.

NAB announced that it will increase it variable rate on property investment loans by 0.15% for new and existing customers. These changes will take affect next Monday on the 12th December.

From December 16, Westpac will increase its variable interest rates for owner occupied and investment rate by 0.08% for interest only loans. Westpac’s line of credit loans, equity access loan, will increase by 0.15%.

We expect other lenders to follow NAB and Westpac interest rate decisions and we will keep you up to date of any changes that may affect your home loan and investment loan repayments.

If you have any questions about these announcements, please feel free to contact us.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

We recommend that you view and compare current home loan and investment loans click the link below.