Interest Rates

Interest rate correct as at 1 January 2020 and subject to change without notice.

These rates are available to owner occupied loans (both refinance and new loans to Hume) with principal and interest repayments with a minimum loan amount of $50,000. The rate may be withdrawn without notice at any time, at which point only approved loans funded with 3 months of the offer end date will continue to be eligible.

1) Comparison rate based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees and other loan amounts might result in a different comparison rate. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

2) The First Home Starters Package offer applies to first home buyer applicants who have not previously purchased a property. This offer is not available for any home loan refinance, variation or change of loan purpose of any existing Hume home loan. This offer is available from 23 October 2017 until withdrawn by Hume. To be eligible for the offer, customers must apply during the Offer Period, be approved and funded within the time period set out in their loan offer.

^{^}This package rate reverts to 0.70% discount off the standard variable rate (SVR) at the expiration of the fixed term. 

^#This offer applies to new loans with Principal & Interest repayments for the purpose of a purchase or refinance and does not apply to a refinance of an existing Hume loan. 

Access our Home Loan Key Facts Sheet here.

For a copy of our Investment Home Loans, click here.

Interest rate correct as at 1 January 2020 and subject to change without notice.

1) Comparison rate based on a secured loan of $150,000 over 25 years. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

2) This rate is available to Investment loans (both refinance and new loans to Hume) with principal and interest repayments with a minimum loan amount of $50,000. The rate may be withdrawn without notice at any time, at which point only approved loans funded with 3 months of the offer end date will continue to be eligible. 

3) As the Investment Line of Credit is interest only for the term of the loan, and the borrower may not have reduced the principal at all by the end of the term, the borrower must consider how they are going to repay the principal sum at the end of the term. Repayment by sale of the owner/occupied property may not be suitable.

4) All investment fixed rate term home loans revert to investment standard variable rate (ISVR) after fixed term except fixed rate packaged loans which revert to 0.70% discount from ISVR(regardless of balance) at the expiration of the fixed term. 

**This offer applies to new loans with Principal & Interest repayments for the purpose of a purchase or refinance and does not apply to a refinance of an existing Hume loan.

Access our Home Loan Key Facts Sheet here.

1) Interest is calculated daily and paid monthly where the balance is $5,000 or more. Bonus interest is calculated daily and paid monthly on balances of $5,000 or more in addition to the standard interest rate provided that $50 or more was deposited and no withdrawals were made in the month.

2) Interest is calculated daily and paid monthly.

3) Interest is calculated daily and paid monthly. Bonus interest is calculated daily and paid monthly provided that $10 or more was deposited and no withdrawals were made in the month.

4) Interest is calculated daily and paid annually on the 31st of October.

5) Interest is calculated daily and paid quarterly.

6) Interest is calculated daily and paid half yearly.

Unapproved debit balances incur interest at 15.90% p.a. calculated daily on full closing balance and debited on the last calendar day of each month.

Rates effective from 1 November 2019 and subject to change without notice.

Please refer to our Product Disclosure Statement and Fees & Charges documents for more information. These documents are also available from any Hume branch.

Clear and Value Visa Interest rates current as at 16 August 2019 and are subject to change without notice.

Business Visa Interest rates current as at  16 August 2019 and are subject to change without notice.

Terms, conditions and lending criteria apply. You might also want to consider a Hume personal loan as an option to financing your needs. When choosing either a personal loan or a credit card, consideration needs to be given to the amount of credit you require as well as the features of both types of products, including the interest rates, fees and charges and the purpose for which credit is sought. Government legislation requires us to provide you with a Credit Card Key Facts Sheet when applying for a credit card (available here for personal cards, and here for business cards). These information sheets contain standard product information about Hume credit cards.  Please read the Product Disclosure Statement and Fees and Charges brochures (also available in branch or by phoning 1300 004 863) and consider whether this product is right for you.