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Hunter United will again reduce interest rates

Hunter United will again reduce interest rates on all variable interest rate home loans by 0.15% after the Reserve Bank cut the official cash rate for the second time this month. This means members will receive a total reduction of 0.30% to variable rate home loans this month.

Interest rates will be reduced on all principal and interest loans as well as interest only loans for both owner occupiers and investors.

We have again passed on as much of the RBA rate cut as we can afford to benefit members. The new rates will be effective from Friday March 27 to ensure that the benefits come into effect as quickly as possible for members.

In making rate changes we are also very mindful of depositing members who rely on interest income from their investments.

Eligible, existing, Hunter United borrowers and depositors will be receiving additional interest rate benefits as a result of the merger with IMB Bank, approved by members earlier this month. We’ll be able to let members know when these additional interest rate benefits become effective once the merger date has been finalised with our regulator.

For more information, or to discuss ways to save on your home loan, please call us on 1800 10 10 63 or visit a branch for a chat with our friendly team members.

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