Variable Home Loan Interest Rate Reduction
12 August 2016
Following the recent decision by the Reserve Bank of Australia (RBA) to reduce the official cash rate, Defence Bank has reviewed its rate and will reduce all owner occupied and investor variable rates by 0.10% on the 24 August 2016.
Defence Bank will write to members with an existing variable rate home loan to confirm their new interest rate once this change takes effect.
Should you require additional information, please don’t hesitate to contact your local branch or our Contact Centre on 1800 033 139.