Macquarie bank and St George increase variable rate Oct 2015

Posted Saturday, 24 October 2015 at 22:15 by Shape Home Loans
Tagged: Loan for investment | APRA lending laws | Loan for owners occupier | Loan for investor | interest rates
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Macquarie increase rate by 0.20% and St George by 0.15%

St.George and Macquaire today announced an increase in interest rates for their standard variable home loans.

St.George Standard Variable Rate Home Loans for owner occupiers will increase by 15 basis points to 5.69% pa

Similarly, St.George Standard Variable Rate Investment Loans will increase by 15 basis points to 5.94% pa.

Macquaire bank Standard Variable Rate Home Loans for owner occupiers will increase by 20 basis points to 5.70% per annum, and the Investment Variable Rate (IVR) will also increase by 20 basis points to 5.97% pa.

The new rates will come into effect on 20 November 2015 for both lenders.

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

How about the Big 4 banks?

The big 4 banks has increased their rate as follows Westpac 20%, CBA 15%, ANZ 0.18% and NAB 0.17%

How about the Smaller banks and Credit union?

None have made any announcement yet, in fact some of the smaller banks has reduced their in order to win more business and be more competitive.

Aus Wide Bank - 3.98% Variable with 100% offset
Bankwest - Fixed from 3.95% ( 3 years)
ING Bank - 3.99% Variable with 100% offset
 

Current specials- 3.99% Variable rate with 100% offset. No LMI up to 85% LVR.