Effective 2 December 2025, we decreased our Residential variable and revolving credit interest rates.
Effective 2 December 2025, we decreased our Residential variable and revolving credit interest rates as follows:
- A 0.15% decrease to variable rates
- A 0.15% decrease to the revolving credit rate
Because our rates have decreased, the applicable interest rate for customers:
- with existing lending in place as at 2 December 2025; and
- whose interest rate* as at 8 December 2025 is made up of one of the rates that is decreasing,
will decrease by the same amount as the decrease in the relevant rate (this includes where a margin or discount is applied to your loan).
The decreases for these customers will be effective from 9 December 2025. The table below shows the change in variable and revolving credit interest rates for customers with existing lending in place as at 2 December 2025.
| Until 8 December 2025 | From 9 December 2025 | ||||
|---|---|---|---|---|---|
| Special variable rate | Until 8 December 2025 | 5.94% p.a. | From 9 December 2025 | 5.79% p.a. | |
| Standard variable rate | Until 8 December 2025 | 6.74% p.a. | From 9 December 2025 | 6.59% p.a. | |
| Revolving credit rate | Until 8 December 2025 | 6.04% p.a. | From 9 December 2025 | 5.89% p.a. |
Helpful information to know
- The changes do not apply to fixed interest rate loans.
- We’re happy to advise your specific rate and payment details on request.
*See your home loan contract for information on which interest rate applies to your loan. Note that our special variable rate is generally available for customers who have a deposit of 20% or more.