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The interest rate cuts to our fixed term home loans become effective on 16 November

 

Home Loans interest rates reduction announcement

Following the Reserve Bank of Australia’s (RBA) official cash rate change, Australian Mutual Bank is performing rate cuts to our fixed term home loans effective from 16 November 2020.

For Owner Occupied standard fixed rate home loans, we will apply:

Our Special Offers for Owner Occupied Fixed Rates (min. borrowing amount $100,000) will also be reduced, applying:

For Principal & Interest Investment home loans, we will apply:

For Interest Only Investment home loans, we will apply:

We acknowledge 2020 has been a hard year for many Australians, and we hope these rate cuts will provide security over the next few years.
Existing customers with a variable rate home loan who are considering switching to a fixed rate loan are encouraged to contact us to talk about their specific circumstances.