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Interest rates

Interest rate decrease effective 1 July


Roisin Broderick, Digital Content Specialist, Keystart

1 min
The Reserve Bank has recently announced a decrease in the official cash rate. The four major banks have since announced they are decreasing their standard variable home loan rates.
 
Keystart’s interest rate policy is to use the average of the standard variable home loan rate of the four major banks, which will be 5.15%.  The loan products we use to benchmark are:
 
• ANZ: Standard Variable Home Loan (5.18% effective 14 June 2019)
• CBA: Standard Variable Home Loan (without the Wealth Package) (5.12% effective 25 June 2019)
• NAB: Tailored Home Loan Variable Rate (5.11% effective 14 June 2019)
• Westpac: Rocket Repay Home Loan  (5.18% effective 18 June 2019)
 

As a result, Keystart are pleased to announce that we are decreasing our rate to 5.15% effective from 1 July 2019.

New customers from 16 October 2009

For all Keystart customers with loans commencing after 16 October 2009, the standard variable interest rate is 5.15% effective 1 July 2019.

Existing customers prior to and including 16 October 2009

For all Keystart customers with loans prior to and including 16 October 2009, the standard variable interest rate is 4.37% effective 1 July 2019.

Prefer to be notified via email?

If you're a Keystart customer, you can choose to be notified of rate changes by email. Head to the Client Portal to set your preferences.

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We aim to provide a pathway into home ownership sooner with our low deposit home loans. Given the low deposit nature of the lending we provide, our interest rates policy enables us to manage our lending risk responsibly whilst remaining focused on our vision.

Read more about how we calculate our interest rate


 

Keystart recommends that you seek your own independent financial advice prior to making any decisions about your financial needs. Any examples given in this post are provided for illustrative purposes only.