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Media Release
Bank of Melbourne announces changes to variable interest rates
Friday, 24 March 2017
Bank of Melbourne today announced changes to interest rates across a range of variable lending products for home owners and investors.
- Variable home loan (owner occupier) rate will increase by 0.03% to 5.25% per annum for customers with principal and interest repayments1;
- Variable home loan (owner occupier) will increase by 0.11% to 5.45% per annum for customers with interest only repayments1;
- Variable residential investment property loan rate will increase by 0.31% to 5.78% per annum for customers with principal and interest repayments1;
- Variable residential investment property loan rate will increase by 0.39% to 5.98% per annum for customers with interest only repayments1;
Bank of Melbourne variable lending products for small businesses will also increase by 0.08%2.
For more information about Bank of Melbourne home loans, visit bankofmelbourne.com.au, drop into a Bank of Melbourne branch or contact 13 22 66.
1 Changes are effective 08 May 2017.
2 Changes are effective 03 April 2017.
Media enquiries
Helen Aynbund, Bank of Melbourne Media Relations
aynbundh@bankofmelbourne.com.au