Hume Bank will reduce it's variable home loan rates.
Following the RBA's second consecutive recent cash rate reduction, Hume Bank's Owner Occupied - Principal & Interest customers will receive a reduction of 0.15% on standard variable and basic variable rate products. Flexi Low Rate customers will receive a 0.10% reduction.
Hume Bank's Investment - Principal and Interest customers, will receive a 0.10% reduction on all variable rate products.
Interest rate changes for existing customers will be effective from August 1st 2019.
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.
Hume Bank remains a local, trusted bank. A bank owned by its customers, that exists to benefit them and their communities.