Home loan interest rates reduced
Date: 10/05/2023
Description:
Queenslanders Credit Union is reducing the interest rate on our range of variable rate home loans by 0.30%p.a.
The new rates will be effective from today for new business, and from Tuesday 22 May 2023 for existing home loans.
Interest rates on new fixed rate home loans will also decrease and we are proud to announce that our One Year Fixed Rate is currently one of the best available in the market at 5.85%p.a.
At 6.15% p.a., the Queenslanders Ultimate Home Loan (for loans over $250,000) also remains highly competitive when compared with similar variable rate loans offered by other financial institutions.
Comparison table – basic variable home loans over $250,000
| Financial institution | Home loan | Interest rate | Effective date |
| Queenslanders | Ultimate | 6.15%p.a. | 10 May (new loans)
22 May (existing loans) |
| Commonwealth Bank | No Fee Variable | 6.31%p.a. | 11 May |
| Suncorp | Special Back to Basics | 6.35%p.a. | 14 May |
| Westpac | Flexi First Option | 6.39%p.a. | 14 May |
| NAB | Base Variable | 6.49%p.a. | 4 May |
As always Queenslanders is keen to work with our members to ensure your financial goals are met. If you have any questions regarding the change in interest rates, please do not hesitate to contact us on 1800 753 377.
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