Commonwealth Quick to Announce Interest Rate Cut

Commonwealth Bank have moved quickly to announce cuts to their variable interest rates of up to 0.58 percent

Changes to Variable Rate Home Loan / Investment Home Loan Rates as from Monday 10 November 2008

Following today’s announcement from the RBA to reduce the cash rate to 5.25%, interest rates for the following lending products (new and existing borrowings) will change from Monday 10 November 2008.

The rates are for the following products:

  • Variable Rates Home/Investment Home Loans
  • Standard Variable Rate (including Low Doc) -0.58%
  • 12 Months Discounted Variable Rate -0.58%
  • Base Variable Rate (including Low Doc) -0.58%
  • Base Variable Rate (3 Year Special -0.58%
  • Residential Property Investment Loan (no longer available for sale) -0.58%
  • Lines of Credit (LOC)
  • LOC - Residential Equity Rate (including Low Doc) -0.58%
  • Equity Unlock Loan for Seniors -0.58%
  • MISA
  • MISA Standard Variable Rate -0.58%
  • MISA – 12 mth Discounted Variable Rate -0.58%
  • MISA – 1-5,7,10 & 15 Year Fixed Rates -0.25%
  • MISA – Base Variable Rate (no longer available for sale) -0.25%