Westpac along with is subsidiaries St George Bank, Bank of Melbourne, Bank SA and RAMS home loans increased interest rates by 0.14%
The bank said that it will increase the interest rate for its variable rate home and investment loans from September 19th.
Westpac claimed increased cost in wholesale lending costs. I expect other banks and smaller lenders to follow.
We will constantly follow most lenders to keep you up to date on their interest movements.
If you are unhappy about the change and would like to seek alternate options 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.