Skip to main content
Interest rates

Interest rate decrease effective 24 March 2020

Roisin Broderick, Content Specialist, Keystart

06 Mar 2020 • 1 min
Items on home table

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.

Read more

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.

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.