Australian Unity Bank cuts variable home loan rates
Australian Unity Bank will reduce its variable home loan interest rates by 0.25 per cent per annum, following the Reserve Bank of Australia’s decision on Tuesday 12 August to lower the official cash rate by 25 basis points to 3.6 per cent.
Matthew Ricker, Chief Executive Officer at Australian Unity Bank, said the latest decision reflects the bank’s ongoing commitment to supporting home loan customers through changing economic conditions.
“We know that every dollar counts and this latest rate cut will be welcome news to many Australians,” Mr Ricker said.
“However, many families will still be feeling a squeeze following the extended period of higher costs and financial pressures over the last four years.”
“Our teams are here to help customers navigate this change and we encourage customers experiencing financial difficulty to get in touch as soon as possible for assistance.”
The new rates will take effect from Thursday 21 August and apply to both new and existing variable rate home loan customers.
Customers seeking more information or assistance with their loan can contact the Australian Unity Bank team on 1300 790 740.
“We know that every dollar counts and this latest rate cut will be welcome news to many Australians,” Mr Ricker said.
“However, many families will still be feeling a squeeze following the extended period of higher costs and financial pressures over the last four years.”
“Our teams are here to help customers navigate this change and we encourage customers experiencing financial difficulty to get in touch as soon as possible for assistance.”
The new rates will take effect from Thursday 21 August and apply to both new and existing variable rate home loan customers.
Customers seeking more information or assistance with their loan can contact the Australian Unity Bank team on 1300 790 740.
Media contact
T: 1300 408 776
E: media@australianunity.com.au
About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with more than 370,000 members and more than 700,000 customers.
Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.