CBA increase Rate by 0.15% for owners occupier and investment loans

Posted Thursday, 22 October 2015 at 15:57 by Shape Home Loans
Tagged: home loans | interest rates | house prices | Investors | Home Buyer | First home buyer | APRA lending laws
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Commonwealth Bank raises standard variable rates

Following Westpac's 0.20% rate increase last week, CBA has followed with a 0.15% rate increase.

The Commonwealth Bank has today announced an increase in its variable home loan rates by 0.15%pa (15 basis points), partially offsetting costs associated with recent changes to capital requirements. Fixed rates and business lending rates remain unchanged.

For home loan customers, the standard variable rate for owner occupied loans will increase to 5.60% per annum and the standard variable rate will rise for investment home loans to 5.87% per annum.

These changes will become effective on Friday, 20 November 2015.

Click here for a list of the top 21 banks and their rate decision for October and November 2015.