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SERVICE ONE announces decrease to loan interest rates
We have announced changes to our range of variable rate home loan products, reflecting recent decreases in market interest rates. The following changes will take place Monday 19 December 2011 and will be automatically applied to existing loans from this date also.
| Old rate (% pa) | New rate (% pa) | Change | |
| Standard Variable Rate | 7.35% | 7.10% | - 0.25% |
| Base Variable Rate | 6.95% | 6.70% | - 0.25% |
| HomePlus line-of-credit | 7.80% | 7.55% | - 0.25% |
Members with these loan products will receive correspondence confirming these changes and how it impacts their loans.
