UniBank cut variable rates for home owners Talk to us Phone us Email us Breadcrumbs UniBank About Us Member news & media 2016 UniBank cut variable rates for home owners 16 August 2016 16 August 2016 UniBank cut variable rates for home owners Following the Reserve Bank of Australia’s decision to cut the official cash rate, we will reduce all interest rates on variable home loans by 0.12% effective as of today. As a member owned bank our goal is to maintain competitive rates for all members including depositors and borrowers. Our Standard Variable Rate home loan (Teachers Flexi Choice Home Loan) will be reduced to 5.11%p.a1 (comparison rate 5.16%p.a**). Below are the full details of the changes: Owner Occupier Home Loans^ Product Current Rates New Rates1 Interest rate(p.a) Comparison rate (p.a**) Interest rate (p.a1.) Interest rate p.a change Comparison rate p.a** Solutions Plus $150,000 - $249,999 $250,000 - $499,999 $500,000 - $749,999 $750,000+ 4.87% 4.57% 4.54% 4.47% 5.12% 4.82% 4.79% 4.72% 4.75% 4.45% 4.42% 4.35% -0.12% -0.12% -0.12% -0.12% 5.00% 4.70% 4.67% 4.60% Teachers Flexi Choice 5.23% 5.28% 5.11% -0.12% 5.16% Teachers Interest Only Loan Variable 5.23% 5.28% 5.11% -0.12% 5.16% My First Home Loan 4.78% 4.78% 4.66% -0.12% 4.66% Classic Home Loan 2 3.91% 3.96% 3.79% -0.12% 3.84% Investors^ Product Current Rates New Rates1 Interest rate(p.a) Comparison rate (p.a**) Interest rate (p.a1.) Interest rate p.a change Comparison rate p.a** Solutions Plus $150,000+ 4.87% 5.12% 4.75% -0.12% 5.00% Teachers Flexi Choice 5.23% 5.28% 5.11% -0.12% 5.16% Teachers Interest Only Variable 5.23% 5.28% 5.11% -0.12% 5.16% The rate changes will be effective for new loans as of 16 August 2016 and for existing borrowers as of 1 September 2016. Our fixed rates remain unchanged. For more details on all our interest rates, view our Home Loan section on this website. Important information ^ Membership eligibility applies. Membership is open to citizens or permanent residents of Australia who are current or retired employees, students and graduates of Australian Universities or family members of members of the Bank. **WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rate quoted is based on $150,000 for a term of 25 years. Rates apply to secured loans only 1. Interest rates effective 16 August 2016. All rates quoted are subject to change at any time. 2. This home loan is only available for new borrowers
