In response to the reduction in the RBA’s official cash rate, Hume Bank will reduce all its variable rates by 0.20% from the 18th of March 2020.

Hume Bank Chief Executive Officer, Stephen Capello said, “We have made the simple and fair decision to reduce the rates across all of our variable rate products, this follows reductions we made on our fixed rate products last month. “These continue to be challenging times for all Hume Bank customers and underscores our commitment to put the interests of our customers and community first” he said.

All variable loan interest rates (owner-occupied, investor and commercial), will be reduced by 0.20% p.a. for existing customers from the 18th of March 2020.

As a customer owned bank, today’s decision to reduce interest rates follows a considered assessment process to ensure competitive and fair pricing, enabling Hume Bank to continue to support our communities and the interests of both borrowers and depositors.

Please feel free to call us on 1300 004 863, or visit one of our branches to speak a Lending Specialist to hear how we can help you.