ME announces rate cuts

ME today announced it will cut interest rates for all existing variable home loan customers by 0.15%, following the decision to pass on the full RBA rate cut announced in June.

The effective date for the latest reduction in variable home loan rates is 23 July, with the exception of two loan types¹.

In setting interest rates ME considers the needs of all stakeholders while ensuring the pricing of all products remains sustainable.

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Things you should know

1. Interest Only Investment Loan changes will be effective 15 August 2019. Standard Home Loans settled before 1 October 1998 changes will be effective 15 September 2019