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 4.54%. The loan products we use to benchmark are:
- ANZ: Standard Variable Home Loan (4.54% effective 13 March 2020)
- CBA: Standard Variable Home Loan (without the Wealth Package) (4.55% effective 24 March 2020)
- NAB: Tailored Home Loan Variable Rate (4.52% effective 13 March 2020)
- Westpac: Rocket Repay Home Loan (4.58% effective 17 March 2020)
As a result, Keystart is pleased to announce that we are decreasing our rate to 4.54% effective from 24 March 2020.
New customers from 16 October 2009
For all Keystart customers with loans commencing after 16 October 2009, the standard variable interest rate is 4.54% effective 24 March 2020.
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 3.76% effective 24 March 2020.
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.
We aim to provide a pathway into affordable 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.